Wisr’s Q2FY26 Loan Book Hits $928.5M, Revenue Up 16%
Wisr has reported a strong Q2FY26 performance, showcasing robust loan book growth and improved credit quality, while signalling a clear path to profitability in the second half of FY26.
- Loan book expands 23% to $928.5 million
- Loan originations surge 76% to $164.2 million
- Revenue rises 16% to $26.5 million
- Net losses and arrears continue to improve
- Equity raise and debt refinancing reduce funding costs
Strong Growth Amid Market Shifts
Fintech lender Wisr has delivered a compelling set of results for the second quarter of FY26, underpinned by a 23% increase in its loan book to $928.5 million. This growth marks the fifth consecutive quarter of expansion, driven by strong momentum in both personal and secured vehicle loan originations. The company’s loan originations jumped 76% year-on-year to $164.2 million, reflecting heightened demand and effective distribution channels.
Revenue climbed 16% to $26.5 million, supported by the expanding loan portfolio and a stable portfolio yield of 11.08%. Despite a slight dip in the net interest margin (NIM) compared to the prior year, the quarter saw a modest improvement quarter-on-quarter to 5.30%, benefiting from warehouse restructuring and a recent asset-backed securities (ABS) transaction.
Improved Credit Quality and Operational Efficiency
Wisr’s credit quality metrics continue to strengthen, with net losses falling to 1.15% and 90+ day arrears decreasing to 1.13%. The average credit score of the loan book rose to 807, indicating a higher-quality borrower base. These improvements reflect disciplined credit management and enhanced arrears handling, critical in a competitive lending environment.
The company’s automation-first approach remains a key differentiator, with 83% of loans approved automatically via AI-powered decision engines and instant loan settlements enabled by the New Payments Platform. This technology-driven efficiency supports scalability without compromising credit standards or customer experience.
Capital Strength and Path to Profitability
Capital initiatives have bolstered Wisr’s financial position. The recent $10.6 million equity raise, alongside refinancing of the corporate debt facility, has materially lowered funding costs and strengthened the balance sheet. Unrestricted cash stood at $16.3 million, with $22.5 million of undrawn corporate facility capacity, providing ample liquidity to support growth.
These developments underpin the company’s upgraded FY26 guidance, with cash net profit after tax (NPAT) profitability now expected in the second half of the year. This marks a significant milestone for Wisr as it transitions from growth to sustainable profitability, leveraging structural tailwinds in the personal and secured vehicle lending markets.
Looking Ahead
Wisr’s strategic focus on automation, capital optimisation, and disciplined credit management positions it well to capture ongoing market share from traditional banks retreating from certain lending segments. The company’s ability to maintain stable margins through interest rate cycles, thanks to its hedging strategy, adds further resilience.
As Wisr continues to scale, investors will be watching closely to see how the fintech balances growth ambitions with profitability targets amid evolving market conditions.
Bottom Line?
Wisr’s Q2FY26 results set the stage for a pivotal second half, where growth meets profitability.
Questions in the middle?
- Can Wisr sustain its rapid loan origination growth amid rising competition?
- How will ongoing interest rate fluctuations impact Wisr’s net interest margin?
- What are the risks to credit quality as the loan book expands further?
