Wisr Limited has refinanced its corporate debt facility, lowering interest expenses and reducing drawn debt, setting the stage for cash NPAT profitability in the second half of FY2026.
- New $50 million senior secured debt facility with FC Capital
- Drawn balance reduced from $35 million to $27.5 million
- Material reduction in interest margin accelerates profitability timeline
- Retains $10 million committed and $12.5 million uncommitted funding capacity
- Targets cash NPAT profitability in H2 FY26
Refinancing for Growth and Stability
Australian fintech lender Wisr Limited (ASX, WZR) has taken a significant step in its capital optimisation strategy by refinancing its corporate debt facility. The company has secured a new $50 million senior secured facility with FC Capital, replacing its previous arrangement. This move not only lowers the interest margin but also reduces the drawn balance from $35 million to $27.5 million, following a recent capital raise.
Interest Savings Accelerate Profitability
Chief Financial Officer Matthew Lewis highlighted that the combination of a lower interest margin and reduced debt load meaningfully decreases Wisr's interest expenses. This financial relief is expected to accelerate the company's pathway to achieving cash NPAT profitability in the second half of fiscal year 2026, a key milestone for the fintech lender.
Maintaining Flexibility for Strategic Growth
Beyond the immediate cost savings, Wisr retains $10 million in committed funding and an additional $12.5 million in uncommitted capacity. This financial flexibility is designed to support the company’s strategic growth initiatives, allowing it to respond to market opportunities without compromising its strengthened balance sheet.
Market Confidence and Next Steps
The refinancing was advised by Neu Capital, underscoring Wisr’s commitment to prudent financial management. Investors can track progress through Wisr’s dedicated Investor Hub, which offers transparency on financial performance and strategic developments. As the company moves closer to profitability, market watchers will be keen to see how these capital improvements translate into operational results.
Bottom Line?
Wisr’s refinancing sharpens its financial profile, but the real test will be delivering sustained profitability in FY26.
Questions in the middle?
- What are the exact interest margin rates post-refinancing compared to previous terms?
- How will Wisr deploy the uncommitted $12.5 million capacity amid evolving market conditions?
- What operational milestones will indicate Wisr is on track for its H2 FY26 profitability target?