Loan Originations Double: Wisr Hits $140M in Q4, 101% FY Growth
Wisr Limited has reported a standout Q4FY25 with loan originations soaring 154% year-on-year, surpassing its full-year guidance and showcasing improved credit quality.
- Q4FY25 loan originations jump 154% to $140.3 million
- Full-year loan originations grow 101%, beating 90% guidance
- Credit metrics improve with lower arrears and net losses
- Secures $267 million warehouse facility with Barclays
- Leadership change as COO Joanne Edwards departs, Sam Harding appointed
Robust Growth in Loan Originations
Wisr Limited, the Australian fintech lender, has delivered a remarkable performance in the fourth quarter of fiscal year 2025, with loan originations reaching $140.3 million, a 154% increase compared to the same quarter last year. This surge was driven by strong demand across both personal loans and secured vehicle loans, the latter experiencing a near threefold increase. The company’s strategic pivot back to growth in loan originations has now resulted in three consecutive quarters of loan book expansion, culminating in a closing loan book of $824 million.
Exceeding Full-Year Expectations
For the full fiscal year, Wisr achieved a 101% increase in loan originations, comfortably surpassing its upgraded guidance of 90%. This performance underscores the company’s successful execution of its growth strategy, supported by disciplined pricing and a focus on portfolio quality. Revenue for the quarter rose 6% year-on-year to $23.9 million, reflecting the expanding loan book and improved portfolio yield.
Improved Credit Quality and Operational Efficiency
Alongside growth, Wisr reported significant improvements in credit performance. The 90+ day arrears rate declined by 18 basis points to 1.40%, while net losses dropped by 109 basis points to 1.66%. These gains are attributed to enhanced arrears management and risk frameworks, as well as technology-led automation initiatives. The average credit score of the loan book also increased, indicating a higher quality lending portfolio.
Strengthening Capital Position
Capital-wise, Wisr secured a $267 million loan funding warehouse facility with Barclays Bank, marking its third such facility and bringing total warehouse commitments to $917 million. This additional funding capacity is poised to support the company’s ongoing growth momentum into fiscal year 2026. However, unrestricted cash declined to $14.1 million due to equity contributions to seed the new facility and investments in origination growth.
Leadership Transition
In governance news, Wisr announced the departure of Chief Operating Officer Joanne Edwards after over five years of service, including pivotal roles in credit risk and operations. She will be succeeded by Sam Harding, who brings two decades of experience, most recently as COO of Specialist Finance at Westpac. This leadership change comes at a critical juncture as Wisr scales its operations and pursues further growth.
Looking Ahead
Wisr’s CEO Andrew Goodwin highlighted the company’s scalable operating model and technology investments as key enablers of its strong performance. With the new funding facility in place and a refreshed leadership team, Wisr appears well-positioned to sustain its growth trajectory and continue improving credit outcomes. Investors will be keenly awaiting the full audited FY25 results due on 27 August for a deeper dive into the company’s financial health and strategic outlook.
Bottom Line?
Wisr’s robust growth and improved credit metrics set a promising stage, but the impact of leadership changes and capital deployment will be closely watched.
Questions in the middle?
- How will the new COO influence Wisr’s operational execution and growth strategy?
- What are the detailed cost and margin implications behind the revenue growth?
- How sustainable is the credit quality improvement amid ongoing loan book expansion?
