Time Finance (AIM:TIME), the AIM-listed independent specialist finance provider, reported record revenues and profits for the full year ended 31 May, with pre-tax profit before exceptional items rising 8% to £8.5m against £7.9m the prior year.
Revenue climbed 4% to £38.5m, lifting the pre-tax profit margin by 100 basis points to 22%, while reported profit before tax reached £8.4m, up 6% year on year.
The gross lending book crossed £250m for the first time, reaching £250.9m at 31 May, up 15% from £217.4m a year earlier, driven by own-book deal origination surging 26% to £122m.
Credit quality held steady, with net arrears at 4.8% of the gross lending book and net bad debt write-offs at 0.9% of the average book, both broadly flat year on year.
Deferred income rose 17% to £31.3m, providing forward earnings visibility, and funding facilities carried headroom of more than £80m at the period end.
"The lending book surpassing £250m has been achieved without the lowering of credit quality, as demonstrated by the consistent and stable nature of both our arrears and our net write-offs," said Chief Executive Ed Rimmer.
Time Finance will publish its audited annual results on 23 September, alongside a first-quarter trading update for the 2026/27 financial year.
