Wisr Achieves First Full-Year Cash Profit with $1.1B Loan Book

Wisr Achieves First Full-Year Cash Profitability

After years of building scale, Wisr Limited (ASX:WZR) has finally crossed a key profitability threshold. The Australian fintech lender reported an unaudited Cash NPAT profit of $1.0 million for FY26, reversing a $5.3 million loss in FY25. This milestone was underpinned by record quarterly loan originations of $198.1 million; a 41% jump year-on-year; and a 32% expansion in the loan book to $1.08 billion.

Chief Executive Andrew Goodwin highlighted the significance of exceeding all four FY26 guidance metrics, including a 65% surge in full-year loan originations to $695 million and a revenue increase of 19% to $109 million. "These results reflect continued strong demand and consistent execution across both personal and secured vehicle loans," he said.

Credit Quality and Operating Efficiency Improve

Wisr’s improved financial performance coincides with better credit metrics. The 90+ day arrears rate fell by 39 basis points to 1.01%, while net losses dropped to 1.30%, reflecting disciplined credit settings and robust arrears management. The loan book’s average credit score remained strong at 807, stable from prior periods.

Operationally, the cost-to-income ratio improved to 28%, down from 31% in FY25, demonstrating emerging operating leverage. This efficiency gain was supported by Wisr’s ongoing investments in AI and automation, including fraud detection and automated asset and income verification, which are streamlining underwriting and servicing processes.

Capital Raising and Funding Innovation

Capital markets activity also played a role in Wisr’s growth story. In May 2026, the company priced its largest Asset-Backed Securities (ABS) deal to date, the $354 million Wisr Momentum Trust 2026-1. This transaction was notable for being the first combined personal loan and secured vehicle loan ABS, achieving AAA ratings from Moody’s for the top tranches and satisfying EU and UK risk retention rules. The deal broadened Wisr’s international investor base and boosted its funding capacity.

Wisr’s three warehouse facilities now have total commitments of $887 million, with $364 million of undrawn capacity, complemented by a $50 million corporate facility. Unrestricted cash stood at $16.6 million at June 2026, providing ample liquidity to support continued growth.

Robust Growth Outlook for FY27 and Beyond

Looking ahead, Wisr raised its FY27 Cash NPAT guidance to at least $5.0 million, a fivefold increase from FY26’s unaudited result. The company expects this to be driven by sustained loan origination and book growth, operating leverage, disciplined cost management, and further productivity gains from automation.

Mr Goodwin also flagged substantial Cash NPAT growth in FY28 as Wisr benefits from increased scale. The fintech’s strategic focus on leveraging AI and expanding distribution channels aims to deepen customer engagement and diversify revenue streams beyond lending.

Wisr’s customer satisfaction remains high, with a Net Promoter Score of +82, and it was recently named The Adviser’s #1 non-bank personal lender by broker vote, underscoring its growing market presence.