LendInvest (AIM:LINV), the AIM-listed alternative property finance platform, reported a profit before tax of £3.2m for the year ended 31 March, reversing a £1.2m loss the prior year.
Net operating income rose 12% to £43.2m, with net interest income from the group's own lending book up 26% to £19.7m and third-party fee income up 8% to £23.7m.
Adjusted EBITDA nearly tripled to £8.7m from £2.8m, while underlying profit before tax reached £4m against a £1.3m loss in the prior year.
The group originated a record £1.44bn of loans, up 17%, including record quarterly originations of £415m in the fourth quarter and a record £196m in March alone.
Assets under management grew 18% to £3.82bn, three-quarters of it third-party capital, while impaired Stage 3 balances fell 30% to £63.1m.
Administrative expenses fell 1% to £36m despite the higher lending volumes, with headcount down to 192 from 203.
"Lending is growing at record levels, costs are flat, and profitability is increasing," said chief executive Rod Lockhart, adding that "the profitability jaws are widening."
The group flagged a rise in swap rates since February, linked to the war in Iran, which has raised funding costs and may temper near-term lending growth, though it reported record originations again in the first quarter of FY27 and expects to remain in line with analyst consensus for the full year.
