Wisr Limited has reported a remarkable 101% growth in loan originations for FY25, surpassing its guidance and returning to EBITDA profitability. The fintech lender also secured a $267 million funding facility with Barclays, positioning itself for continued expansion in FY26.
- 101% growth in loan originations to $422 million, exceeding guidance
- Loan book grows 7% to $824 million with improved credit quality
- EBITDA turns positive at $0.8 million after prior losses
- Secured $267 million third warehouse funding facility with Barclays
- FY26 targets include 40% loan origination growth and 15% revenue increase
Strong Growth Signals a Turning Point
Wisr Limited, the Australian fintech lender, has delivered a standout performance in the financial year ending June 2025. The company reported a 101% surge in loan originations, reaching $422 million and comfortably surpassing its upgraded guidance of 90% growth. This robust expansion marks a clear return to growth after a period of moderated lending activity.
Alongside this surge in new loans, Wisr’s total loan book increased by 7% to $824 million, reflecting sustained momentum. Notably, the average credit score of the loan book improved, indicating a disciplined approach to risk management even as the company scales its lending operations.
Profitability Returns Amid Operational Improvements
After years of investment and navigating a challenging macroeconomic environment, Wisr achieved a positive EBITDA of $0.8 million, a $3.1 million improvement from the prior year’s loss. This turnaround was driven by higher net interest margins, which rose by 23 basis points to 5.46%, and a significant reduction in net losses on loans.
Revenue remained broadly flat at $91.6 million, but importantly, it returned to growth in the second half of FY25. The company’s focus on automation, arrears management, and risk frameworks has begun to yield tangible financial benefits, setting a foundation for sustained profitability.
Capital Strength and Funding for Future Growth
Wisr’s capital position was bolstered by the successful execution of its third warehouse funding facility with Barclays Bank PLC, securing a $267 million commitment. This brings the total warehouse funding capacity to $917 million, with $287 million still undrawn, providing ample liquidity to support ongoing loan growth.
The company also maintains $14.1 million in unrestricted cash, underscoring its strong balance sheet as it prepares to capitalize on market opportunities in FY26.
Looking Ahead – Ambitious Targets for FY26
Building on FY25’s momentum, Wisr has set ambitious guidance for the coming year. It aims to grow loan originations by at least 40%, increase revenue by 15%, and improve its cost-to-income ratio to below 29%. These targets reflect confidence in the company’s scalable platform and disciplined execution strategy.
CEO Andrew Goodwin highlighted the company’s commitment to innovation and customer experience, noting multiple industry awards and a consistently strong Net Promoter Score of +75. Wisr’s vision to empower smarter money decisions remains central as it seeks to expand its market share and deepen customer engagement.
Bottom Line?
Wisr’s FY25 results mark a pivotal return to growth and profitability, setting the stage for an ambitious FY26 driven by strong funding and operational discipline.
Questions in the middle?
- How will Wisr sustain loan growth amid evolving macroeconomic conditions?
- What impact will increased competition in fintech lending have on Wisr’s margins?
- Can Wisr maintain its improved credit quality while scaling rapidly?