Time Finance has delivered another strong half year, with the lender confirming record figures across several key metrics and an 18th consecutive quarter of lending book growth.

The AIM listed specialist finance provider said its performance reflects sustained demand for its multi-product offering and a continued focus on secured lending.

For the six months to 30 November 2025, unaudited own-book new business origination rose to £62 million, up from £42 million a year earlier. The gross lending book increased to £235 million, compared with £209 million at the same point in 2024.

Revenue edged up to £18.8 million, while profit before tax climbed to £4.3 million. The company’s profit before tax margin rose to 22%, an improvement from 21% the previous year.

Net tangible assets strengthened to £47.2 million. Time Finance also reported further improvements in credit quality, with net arrears reduced to 4.5% of the lending book and net bad debt write-offs falling to 1% of the average lending book.

FOCUS ON SECURED LENDING

The group said its strategic emphasis on secured lending through invoice finance and hard asset finance continues to reshape its portfolio. These two core products now represent around 87% of the total lending book, compared with 78% a year ago, and accounted for more than 98% of new business written in the first half.

Record monthly volumes were achieved in both asset finance and invoice finance during the period, reinforcing the group’s expectation that full-year financial performance will at least meet market guidance.

Chief executive Ed Rimmer (pictured) said the business had been resilient amid wider economic challenges.

He said: “The first half of FY 2025/26 has been really encouraging. Despite the wider macro-economic headwinds, the Balance Sheet has further strengthened with Net Tangible Assets now in excess of £47m.

“At the same time the lending book has continued its consistent growth but, crucially, not at the expense of quality with Arrears and Write-Offs continuing to improve.

The CEO added that the company had been able to invest in operational improvements while still delivering record six-month revenues and profit before tax. He said the Board “continues to remain confident that the Group is well positioned for further growth and to build increased value for its shareholders over time.”

FULL RESULTS DUE IN JANUARY

The full unaudited interim results will be published on 27 January 2026, alongside an investor presentation.