Time Finance raises FY25 outlook amid strong growth

Time Finance, the independent specialist finance provider, has announced that it expects its full-year results for the 2024/25 financial year (FY25) to exceed market expectations, following sustained positive trading momentum.

The company confirmed that it will release its scheduled Q3 FY25 trading update on March 25th. This follows a strong performance over the first nine months of the financial year, characterised by record revenues, fifteen consecutive quarters of lending book growth, and well-controlled arrears.

Given this continued robust financial performance, the Board now anticipates that revenue and profit before tax for FY25 will not be less than £36.0 million and £7.5 million, respectively. This represents an upward revision from previous market expectations, which stood at £35.1 million in revenue and £7.2 million in profit before tax, as set in November 2024.