REG - Time Finance PLC - Notice of Trading Update

Time FinanceAnnouncement

27/02/2025 12:15

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RNS Number : 7333Y  Time Finance PLC  27 February 2025

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27 February 2025

 

Time Finance plc

("Time Finance", the "Group" or the "Company")

 

Notice of Trading Update

 

Full-year results now expected to be ahead of market expectations

 

Time Finance plc, the AIM listed independent specialist finance provider,
announces that it has continued to enjoy positive trading momentum throughout
the first nine months of the 2024/25 financial year ("FY25") and confirms that
the Company will provide its planned trading update in respect of Q3 FY25 on
Tuesday 25 March 2025.

 

This positive momentum year-to-date includes record revenues, fifteen
consecutive quarters of lending book growth, and arrears remaining well
controlled. As a result, the Board is confident that Group performance for
FY25 will be ahead of current market expectations(1) which were previously
raised in November 2024. Following continued strong performance, Revenue and
Profit Before Tax for FY25 are now expected to not be less than £36.0m and
£7.5m respectively.

 

 

1       FY2024/25 market expectations as at the date of this
announcement of £35.1m of revenue and £7.2m of profit before tax.

 

 

 For further information, please contact:

 Time Finance plc
 Ed Rimmer, Chief Executive Officer                              01225 474230
 James Roberts, Chief Financial Officer

 Cavendish Capital Markets (NOMAD and Broker)                    0207 220 0500
 Ben Jeynes / Dan Hodkinson (Corporate Finance)

 Michael Johnson / George Budd / Charlie Combe (Sales and ECM)

 Walbrook PR                                                     0207 933 8780
 Nick Rome / Joe Walker                                          Timefinance@walbrookpr.com

About Time Finance:

Time Finance's purpose is to help UK businesses thrive and survive through the
provision of flexible funding facilities. It offers a multi-product range for
SMEs concentrating on Asset, Loan and Invoice Finance. While focussed on being
an 'own-book' lender, the Group does retain the ability to broke-on deals
where appropriate, enabling it to optimize business levels through market and
economic cycles.

 

More information is available on the Company website: www.timefinance.com
(http://www.timefinance.com)

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