4th Sep 2025 12:13
(Alliance News) - Funding Circle Holdings PLC on Thursday said it had a "clear platform for further growth" as it posted a rise in revenue and a swing to a profit.
The London-based lending platform focused on small and medium enterprises said loans or balances under management fell 1.0% to GBP2.83 billion in the first half of 2025 from GBP2.86 billion a year ago.
Revenue climbed 17% to GBP92.3 million from GBP79.1 million.
Funding Circle swung to a pretax profit of GBP6.0 million from a loss of GBP2.1 million, while adjusted pretax profit climbed to GBP6.0 million from GBP500,000.
Chief Executive Officer Lisa Jacobs said: "Our performance is underpinned by our great customer experience, powered by our proprietary data, technology and artificial intelligence powered credit models. We are leveraging these strengths to deliver operating leverage in our Term Loans business whilst continuing to grow our newer cashflow products. Today, we continue to fulfil our mission of backing small businesses as a more meaningful part of our customers' lives, serving more of their needs, interacting with them more frequently and capturing a larger share of their financing. This gives us a clear platform for further growth."
Looking ahead the company expects to meet its medium-term guidance of a 15% to 20% revenue compound annual growth rate from 2023 to 2026.
Funding Circle shares fell 1.3% to 136.40 pence each on Thursday afternoon in London.
By Tom Budszus, Alliance News slot editor
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