10th Nov 2026 10:36
(Alliance News) - Funding Circle Holdings PLC on Tuesday upgraded its full-year expectations, citing resilient demand from small and medium-sized enterprises, alias SME.
Shares in the London-based lender to small and medium businesses jumped 10% to 229.00 pence each on Tuesday morning in London.
The company expects 2026 revenue of at least GBP275 million, 7.8% higher than its previous guidance of GBP255 million, as well as up 35% from GBP204.3 million in 2025, which had been 28% higher than GBP160.1 million in 2024.
Further, it anticipates profit margin of around 16% for 2026, lower than 19% in 2025 but higher than 13% in 2024.
The company said its previous guidance for a 2026 pretax profit was of over GBP40 million, which would be nearly doubled from GBP20.3 million in 2025. It did not update said previous guidance.
Chief Executive Officer Lisa Jacobs said: "We've carried the strong momentum seen in the first half of 2026 into the autumn, and SME demand has remained resilient despite continued macro uncertainty. As a result, we are upgrading our FY26 expectations."
By Tom Budszus, Alliance News slot editor
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