Can Wisr Sustain Profitability Amid Rapid Loan Expansion and Debt Refinancing?
Wisr Limited has reported a robust Q2FY26 with a 23% jump in its loan book and a 16% revenue increase, underpinned by a surge in loan originations and improved credit metrics. The fintech lender also strengthened its balance sheet through a capital raise and debt refinancing, setting the stage for profitability later this year.
- Loan book grows 23% to $928.5 million
- Loan originations surge 76% to $164.2 million
- Revenue rises 16% to $26.5 million
- Completed $10.6 million equity raise to reduce debt
- Upgraded FY26 guidance with cash NPAT profitability expected in H2
Strong Loan Growth and Revenue Momentum
Wisr Limited, the Australian fintech lender, has delivered a standout performance in the second quarter of fiscal 2026, with its loan book expanding by 23% year-on-year to $928.5 million. This growth was fuelled by a remarkable 76% increase in loan originations, which climbed to $164.2 million, reflecting strong demand across both personal and secured vehicle loans. Revenue followed suit, rising 16% to $26.5 million, driven by the expanding loan portfolio.
Improved Credit Quality and Operational Efficiency
Alongside growth, Wisr reported significant improvements in credit performance. The average credit score of the loan book increased to 807, indicating higher quality lending. Delinquencies also declined, with 90-day arrears falling to 1.13%, down 42 basis points from the previous year. Net losses decreased by 57 basis points to 1.15%, underscoring the effectiveness of Wisr’s disciplined credit policies and arrears management framework.
Balance Sheet Strengthening and Cost Reduction
In November 2025, Wisr completed a $10.6 million equity capital raise, primarily used to repay $7.5 million of corporate debt. The company also refinanced its corporate debt facility, achieving a material reduction in its interest margin. These moves have not only strengthened the balance sheet but also improved the company’s cost of capital, accelerating its path to profitability. Unrestricted cash increased to $16.3 million, providing additional financial flexibility.
Upgraded Guidance and Future Outlook
Reflecting these positive developments, Wisr upgraded its full-year 2026 guidance in November, now expecting to achieve cash net profit after tax (NPAT) in the second half of the fiscal year. CEO Andrew Goodwin highlighted the company’s strong execution and robust demand, noting that the combination of loan growth, improved credit metrics, and reduced funding costs positions Wisr well for sustainable profitability.
Customer Experience and Product Innovation
Wisr continues to enhance its customer offering, with momentum in its recently launched secured personal loan product and instant loan settlements via the New Payments Platform. The company also refreshed its partner portal to improve broker efficiency, contributing to a strong customer Net Promoter Score of +82, signalling high satisfaction and loyalty.
Bottom Line?
Wisr’s Q2FY26 results mark a pivotal step towards profitability, but investors will watch closely to see if momentum sustains amid evolving market conditions.
Questions in the middle?
- Will Wisr maintain its strong loan origination growth in the coming quarters?
- How will the company manage credit risk as the loan book expands?
- What impact will further debt refinancing or capital raises have on profitability?
