Wisr Surpasses $1 Billion Loan Book, Raises FY26 Origination Growth Target

Loan Book Breaks $1 Billion Barrier on Record Originations

Wisr Limited (ASX:WZR) has crossed a significant threshold with its loan book reaching $1.003 billion at the end of March 2026, marking a 29% increase year-on-year and an 8% rise from the previous quarter. This milestone was propelled by a record quarter of loan originations totalling $186.1 million, a 68% jump compared to Q3FY25 and a 13% uplift on the prior quarter, underscoring sustained demand across both personal and secured vehicle loans.

The personal loan segment contributed $107.6 million in originations, up 46% year-on-year, while secured vehicle loans more than doubled, surging 111% to $78.5 million. The personal loan book expanded 25% to $633.1 million, with the secured vehicle loan book growing 37% to $370.3 million, reflecting Wisr’s growing footprint in these lending categories.

These figures build on the momentum from earlier in the year, as Wisr’s loan book had already expanded 23% to $928.5 million by December 2025, supported by a 76% surge in loan originations in Q2FY26. This trajectory has allowed the company to upgrade its FY26 loan origination growth guidance to over 50%, up from the previous 40% target, a move that signals confidence in its growth strategy and execution capabilities. This upgrade aligns with Wisr’s earlier indications of accelerating growth and improving financial performance loan book surges 23 percent and accelerates loan growth 76 percent.

Improving Credit Quality and Stable Margins Amid Funding Headwinds

Alongside growth, Wisr’s credit quality metrics have shown encouraging signs. The average credit score of the loan book increased to 808, up from 800 a year earlier, while 90+ day arrears declined 34 basis points to 1.14%. Net losses improved by 55 basis points to 1.44% compared to Q3FY25, although they rose slightly from the prior quarter due to seasonal factors consistent with previous company guidance.

Wisr’s portfolio yield eased modestly to 10.99% from 11.25% a year ago, influenced by a strategic shift towards higher credit quality and a greater share of secured vehicle loans, which typically carry lower yields. This shift has compressed the net interest margin (NIM) by 37 basis points to 5.23%, reflecting the trade-off between growth, credit quality, and margin compression. To counteract rising funding costs driven by geopolitical factors, Wisr increased front book pricing during the quarter, expecting the benefits to portfolio yield to materialise over time.

Automation and Capital Position Support Scalability and Profitability

Wisr continues to leverage automation to streamline its lending operations, with 84% of loans now automatically approved by its AI-powered decision engine and 44% of loan verification steps automated. These initiatives are designed to support higher volumes without adding costs or compromising credit standards, reinforcing the company’s scalability.

On the capital front, Wisr maintains a robust funding position with $14.8 million in unrestricted cash and $47.5 million of undrawn capacity across three warehouse facilities committed at $767 million. In April 2026, Wisr secured a temporary $120 million increase in warehouse limits to provide flexibility ahead of its next asset-backed securities (ABS) transaction, a critical step to sustain its lending growth trajectory.

Wisr’s management reaffirms its expectation to achieve Cash NPAT profitability in the second half of FY26, supported by continued revenue growth, cost discipline, and operating leverage. Revenue for Q3FY26 rose 22% to $27.4 million, reflecting the expanding loan book, while the company targets a cost-to-income ratio below 29% for FY26, improving from 31% in FY25.

Customer Experience and Market Opportunity

Customer experience remains a priority, with Wisr introducing AI-verified settlements and an AI collections assistant to reduce errors and improve compliance. These enhancements contributed to Wisr winning the WeMoney Best Mobile Experience Award for the third consecutive year, reinforcing its competitive positioning in the fintech lending space.

Wisr operates in a market experiencing structural shifts, with major banks retreating from personal and secured vehicle lending, creating opportunities for non-bank lenders. The total addressable market for personal loans is estimated at $12 billion, with Wisr holding a 3.3% market share, while the secured vehicle loan market is around $46 billion, where Wisr’s share is 0.5%. The company’s focus on automation and capital flexibility positions it to capture further market share as ABS issuance grows and bank market share declines.