21st Jul 2025 12:13
(Alliance News) - LendInvest PLC on Monday said it is a more resilient and scalable business nowadays, as annual loss narrowed significantly.
The London-based non-bank mortgage lender said pretax loss narrowed to GBP1.2 million in the financial year ended March 31, from GBP31.1 million a year prior.
Further, it swung to adjusted earnings before interest, tax, depreciation and amortisation of GBP3.2 million in financial 2025, from an adjusted loss of GBP19.0 million in financial 2024.
LendInvest shares jumped 16% to 43.90 pence each around midday on Monday in London.
Funds under management jumped 24% to GBP5.13 billion as at March 31, from GBP4.13 billion a year ago. Platform assets under management were 16% higher on-year at GBP3.23 billion compared to GBP2.78 billion.
New lending was up 39% at GBP1.23 billion from GBP886.5 million.
Net interest income surged 99% to GBP15.7 million from GBP7.9 million.
Chair Stephan Wilcke said: "LendInvest today is a more resilient, more scalable business. The capital-light platform now generates the majority of its income from fees rather than its principal investments; operating leverage has improved markedly; and our investment in technology continues to pay dividends - both in efficiency gains and in delivering a better experience to our customers and capital providers."
Looking ahead, Chief Executive Officer Rod Lockhart said: "Our focus in financial 2026 is on disciplined execution: driving lending growth, improving efficiency, and growing profitability in line with current market expectations for the year.
"We start from a stronger, leaner base, with automation and operating leverage enabling growth without expanding fixed overheads. Continued investment in platform automation and product upgrades, like our Product Transfer tool for intermediaries, is improving retention and boosting originations without raising acquisition costs. We remain committed to cost discipline, margin improvement, and sustainable growth across our core products."
By Tom Budszus, Alliance News slot editor
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