Wisr’s Loan Book Grows 7% as EBITDA Turns Positive at $0.8M
Wisr Limited has returned to profitability in FY25, driven by a doubling of loan originations and improved margins, setting the stage for ambitious growth in FY26.
- EBITDA profitability achieved with $0.8M in FY25
- Loan originations doubled to $422 million
- Loan book grew 7% to $824 million with stronger credit quality
- Secured $267 million third warehouse funding facility with Barclays
- FY26 guidance targets 40%+ loan growth and improved cost efficiency
Return to Profitability
Wisr Limited, the Australian fintech focused on consumer lending, has announced a significant turnaround in its financial performance for FY25. The company reported a positive EBITDA of $0.8 million, a notable improvement from a loss of $2.3 million in the previous year. This milestone reflects Wisr’s successful execution of its growth and operational strategies amid a challenging macroeconomic environment marked by inflation, rising interest rates, and geopolitical uncertainty.
Robust Loan Origination and Portfolio Growth
Central to Wisr’s performance was a remarkable 101% increase in loan originations, which surged from $210 million in FY24 to $422 million in FY25. This growth was broad-based, with personal loan originations rising 69% and secured vehicle loans more than tripling. The loan book expanded by 7% to $824 million, reversing previous contractions and signaling renewed momentum. Importantly, the average credit score of borrowers improved to 804, underscoring Wisr’s disciplined credit approach and enhanced risk management.
Improved Margins and Funding Efficiency
Wisr also reported margin improvements, with portfolio yield increasing to 11.20% and net interest margin (NIM) rising to 5.46%, both up by around 23-30 basis points from FY24. These gains were supported by the company securing a third warehouse funding facility worth $267 million with Barclays Bank PLC as the senior funder, which helped reduce overall funding costs. Wisr’s funding program remains robust, with $43.6 million in cash on hand and $15 million in undrawn corporate facility capacity, providing a solid liquidity buffer.
Operational Efficiency and Customer Engagement
While operating expenses increased by 7% to $28.4 million, this was driven by targeted investments to support the surge in loan originations and future growth. Wisr’s cost-to-income ratio stood at 31%, with management aiming to reduce this below 29% in FY26 through operational efficiencies and automation. The company’s proprietary Wisr platform continues to engage customers effectively, with a high Net Promoter Score of +75 and innovative features such as automated loan approvals and arrears management that support scalability without compromising credit quality.
Outlook and Strategic Priorities
Looking ahead, Wisr has set ambitious FY26 guidance, targeting over 40% growth in loan originations and at least 15% revenue growth. The company plans to deepen customer connections, expand distribution channels, and leverage AI and automation to drive further operational leverage. Wisr’s three-horizon strategy aims to scale core lending products profitably, broaden market reach, and evolve into a platform business delivering network effects and diversified revenue streams over the next two to three years.
Bottom Line?
Wisr’s FY25 results mark a pivotal step from recovery to growth, but sustaining momentum will require navigating ongoing macroeconomic headwinds and competitive pressures.
Questions in the middle?
- Can Wisr maintain credit quality while aggressively growing loan originations?
- How will rising interest rates and inflation impact Wisr’s funding costs and margins?
- What new market verticals or products will Wisr pursue to diversify revenue beyond lending?