DF Capital reports record financial performance

DF Capital, a specialist bank providing financial solutions that support manufacturers, dealers and distributors across the UK, has announced another record financial performance for the year, including record new loan origination, 120 dealers signed up to its recently launched asset finance product and improved customer relationships.

The lender reported new loan origination in excess of £1.8bn, up some 27% on prior year (FY2024: £1.4bn). Its loan book was also up 27% on FY2024’s £666m, hitting a new high of £846m at the period end, ahead of the previously guided range of £750m-£800m.

Additionally, DF Capital reported that stock days in the core inventory finance lending product, being the average age of loans outstanding, has reduced and remains well within sector tolerances at 129 days at the period end (31 December 2024: 140 days).

Following the launch of the Group’s new asset finance product, DF Capital now has around 120 dealers and introducers signed up and accepted to originate loans, predominantly in the motorhome and caravan sector.

The bank reported work is already underway, ahead of the spring sales season, to widen availability of the Group’s consumer and business asset finance products to other core sectors in which the Group operates including holiday homes, business-critical assets and marine.

DF Capital has seen a hike in its scores in its annual lending customer satisfaction survey with a net promotor score of +59, up 21pts on prior year, while expanding the numbers of dealers and introducers, reflecting the Group’s commitment to long-term customer relationships and service quality.

Following its fifth year of trading as a bank in September 2025, it has completed its medium-term planning through to 2030. Targets for the year ended 31 December 2030 include a loan book of over £1.5bn; a cost-to-income ratio of 45%–48%; and a return on required equity of around 20%.

DF Capital expects to fund this growth from retained earnings, without the need for an equity raise, and to grow tangible net assets by 10%–15% per annum.

Carl D’Ammassa, Chief Executive Officer, commented: “2025 has undoubtedly been our best year so far.

“With our dealers having annual sales of over £10bn, the market opportunity for us is significant and we expect this product to be a key component of achieving our 2030 loan book target of over £1.5bn.

“As CEO it is most pleasing to see the positive feedback from our customers and that our products and services continue to resonate with them. I’m proud of the DF Capital team’s achievements and delighted that they see our company as a ‘Great Place to Work’.”