Revenue rose 12% to £37.1 million, while diluted earnings per share climbed 31% to 6.3 pence
LONDON: Time Finance plc (AIM:TIME), the independent specialist finance provider, reported a 34% rise in full-year profit before tax to £7.9 million for the year ended May 31, 2025, driven by strong growth in secured lending and disciplined credit performance.
Revenue rose 12% to £37.1 million, while diluted earnings per share climbed 31% to 6.3 pence. The company’s lending book reached a record £217.4 million, up 8% year-on-year, with net arrears and write-offs remaining stable at 5% and 1%, respectively.
“The Group’s financial performance over the final year of our four-year strategy was particularly strong,” said Non-executive Chair Tanya Raynes. “Despite macroeconomic headwinds, we delivered double-digit growth across key metrics and strengthened our balance sheet.”
Operationally, secured lending surged, with the Hard Asset Finance division up 31% to £111 million and Invoice Finance rising 8% to £70 million. Time Finance also launched a specialist Materials Handling team and continued lending under the UK Government’s Growth Guarantee Scheme.
CEO Ed Rimmer highlighted the Group’s transformation over the strategic cycle, noting that the lending book nearly doubled from £113 million to £217 million, while PBT quadrupled from £2 million to £8 million. “We now look forward to our new three-year plan through to May 2028 with great optimism,” he said.
The Board expects trading for FY26 to be at least in line with market expectations.