20th Jun 2025 07:00
20 June 2025
Orchard Funding Group PLC
("Orchard", the "Group" or the "Company")
Trading update
Orchard Funding Group PLC, the finance group which specialises in insurance premium finance and the professions funding market, provides the following update on trading for the 12 months ending 31 July 2025 ("FY2025").
Trading in FY2025 to date has been positive within the insurance premium finance market driving revenue growth through increased margins. The Company has also benefited from the reductions in the base interest rate. As a consequence, management now expect that FY2025 earnings will exceed current market expectations by over 20%.
Ravi Takhar, the CEO of the Company stated: "We continue to focus on the controlled and conservative growth of our business and are pleased to be able to notify the market that we reasonably believe, subject to final audit, that we will exceed current market earnings guidance by over 20%.
"We continue to strengthen our lending in our core insurance premium finance market as well as our lending in adjacent markets. We are optimistic that our ability to lend, develop and operate our own software and our loyal and experienced staff will continue to deliver positive results to the company and all its stakeholders."
For further information, please contact:
Orchard Funding Group Plc Ravi Takhar, Chief Executive Officer
| Tel: +44 (0)1582 346 248
|
Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor/James Reeve (Corporate Finance) Amrit Nahal/Jos Pinnington (Sales and Corporate Broking)
| Tel: +44 (0)20 3328 5656 |
For Investor Relations please go to: www.orchardfundinggroupplc.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
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Orchard Funding