REG - Distribution Finance - Q3 Trading Update

Distribution Finance Capital HoldingsAnnouncement

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RNS Number : 6126C  Distribution Finance Cap. Hldgs PLC  09 October 2025

9 October 2025

 

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" together with its subsidiaries the "Group")

 

Q3 Trading Update

Continued loan book momentum with growth across all product lines including
new asset finance lending product

 

Distribution Finance Capital Holdings plc, a specialist bank providing
financial solutions that support dealers and manufacturers across the UK, is
pleased to provide a trading update for the third quarter to 30 September
2025.

Performance

 ●    The Group has seen continued momentum from H1 with strong trading throughout
      Q3.
 ●    New loan origination reached £460m, a record quarter, up 30% year-on-year (Q3
      2024: £352m) and now exceeding £1.3bn in the financial year to date, driven
      by growing market share in core sectors and complemented by the launch of new
      lending products.
 ●    The Group's loan book exceeded a record £759m at the period end, up 26% on
      the prior year (Q3 2024: £604m) and marginally ahead of seasonal
      expectations.
 ●    Stock days, being the average age of loans outstanding, has remained well
      within sector tolerances at 123 days at the period end (30 September 2024: 142
      days).
 ●    Portfolio quality remains strong and well within expectations. 43 dealers had
      arrears of more than one day past due and/or in legal recovery (Q3 2024: 25),
      representing 3.1% of total dealers. Total arrears and loan balances in legal
      recovery represented 1.5% (Q3 2024: 0.9%) of the Group's entire loan book:
      ●                                         Dealers with arrears, where fees and principal repayments are outstanding,
                                                amounted to 12 with aggregate arrears of c.£702k, of which 7 dealers had
                                                amounts outstanding of less than 30 days past due (i.e. early arrears),
                                                equating to c.£290k.
      ●                                         Dealers with balances in legal recovery (i.e. non-performing loans), where
                                                appropriate impairment provisions have been made and residual asset security
                                                is in place, amounted to 31 (Q3 2024: 13), with aggregate loan balances of
                                                £10.4m (Q3 2024: £4.5m), representing less than 1.4% of the Group's total
                                                loan book.

Asset Finance

 ●    Over 100 dealers and introducers are now signed up and accepted to originate
      loans.
 ●    Total loan book, including lending to both businesses and consumers, reached a
      new milestone, closing the period at £10m.
 ●    The Group is encouraged by progress and continues to expect a controlled
      roll-out of lending in this product over the remainder of 2025 before
      accelerating in 2026.

 

Carl D'Ammassa, Chief Executive Officer, commented: "The Group has seen
another period of outstanding growth. We are executing on our strategic plan
and have a significant runway for further growth ahead across all our lending
products. We are pleased with the start we have made with our asset finance
product, the market for which is several times larger than our core inventory
finance product. We enter the final quarter of the year with confidence of
achieving full year results in-line with market expectations and buoyed by our
results so far this year."

 

For further information contact:

 Distribution Finance Capital Holdings plc
 Carl D'Ammassa - Chief Executive Officer                                  +44 (0) 161 413 3391
 Sameera Khaliq - Chief Financial Officer
 Kam Bansil - Head of Investor Relations                                   +44 (0) 7779 229508
 http://www.dfcapital-investors.com (http://www.dfcapital-investors.com/)

 Panmure Liberum Limited (Nomad and Broker)                                +44 (0) 203 100 2000
 Chris Clarke

 William King

 Gaya Bhatt

 Alma Strategic Communications                                             +44 (0) 203 405 0235
 Josh Royston
 Hilary Buchanan
 Hannah Campbell
 Sarah Peters

 

About DF Capital

DF Capital is a speciality lender providing flexible financing solutions that
support the sales and growth of manufacturers, dealers and distributors
operating in attractive underserved retail markets across the UK.

As a bank, DF Capital's lending is underpinned by its award-winning savings
products, straightforward digital platform, and exceptional customer service.

The Group is listed on AIM on the London Stock Exchange under the ticker DFCH.

For more information, please visit www.dfcapital.bank
(http://www.dfcapital.bank/)

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