REG - Time Finance PLC - Q1 Trading Update

Time FinanceAnnouncement

24/09/2025 07:02

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RNS Number : 4899A  Time Finance PLC  24 September 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as amended by regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310. Upon the publication of this announcement via
Regulatory Information Service, this inside information is now considered to
be in the public domain.

 

24 September 2025

 

Time Finance plc

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

 

Q1 Trading Update

 

Record Quarterly Revenues, Record Net Tangible Assets and Record Lending Book

 

Time Finance plc, the AIM listed independent specialist finance provider is
pleased to provide the following update on the Group's trading performance for
the first quarter of the current financial year covering the three months to
31 August 2025. The results reflect the continued strong demand for the
Group's multi-product funding offering which has resulted in further growth
across all key financial metrics. The lending book has now enjoyed seventeen
consecutive quarters of growth, while the Group's continued lending discipline
has delivered unchanged levels of arrears and write-offs.

 

Unaudited Q1 2025/26 financial highlights:

·      Own-Book Lending Origination up 30% to £28.5m (Q1 2024/25:
£22.0m)

·      Revenue up 3% to £9.4m (Q1 2024/25: £9.1m)

·      Profit before Tax up 11% to £2.1m (Q1 2024/25: £1.9m)

·      Profit Before Tax margin up 100 bps to 22% (Q1 2024/25: 21%)

·      Net Tangible Assets up 14% to £45.6m at 31 August 2025 (31
August 2024: £40.1m)

·      Gross Lending Book up 8% to £221.1m at 31 August 2025 (31 August
2024: £205.3m)

·      Net Arrears unchanged at 5% of the gross lending book at 31
August 2025 (31 August 2024: 5%)

·     Net Bad Debt Write-Offs unchanged at 1% of the average gross lending
book at 31 August 2025 (31 August 2024: 1%)

 

As targeted in the Company's three-year strategic plan through to May 2028
that was launched in January 2025, the Group's focus on secured lending
through its Invoice Finance division and the 'Hard' subset of the wider Asset
division has continued. These two product sets now account for approximately
85% of the entire lending book, up from 76% twelve months earlier. They have
also accounted for over 95% of all new deals written in the first quarter of
this financial year.

 

Ed Rimmer, Chief Executive Officer commented:

"As we enter the first year of our new three-year medium-term strategic plan,
I am very encouraged that the initial quarter has continued to deliver
increased growth in our lending book; a strengthened Balance Sheet with
increased Net Tangible Assets; and record quarterly Revenues and Profit Before
Tax. The lending book has now seen consistent increases for seventeen
consecutive quarters, reflecting the demand for our multi-product offering and
the value that is placed on our first-class customer service by UK businesses
seeking access to finance. Net arrears and Net Bad Debt write-offs also
continue to be well within our target ranges and underline our commitment to
responsible and sustainable lending. The Board, therefore, retains confidence
that the Group is positioned for further growth and will build increased value
for its shareholders over time."

 

Outlook

The Board confirms that it continues to expect the Group's trading for the
current financial year ending 31 May 2026 to be at least in line with
market expectations.

 

 

Notice of Investor Presentation

As previously announced, the Company will deliver a live presentation relating
to this trading update and the simultaneously released FY 2024/25 audited
annual results announcement via the Group's investor website at 1pm BST today.
The presentation is open to all existing and potential shareholders who can
sign up via:
https://investors.timefinance.com/webinars/oPB5mr-fy-results-2024-2025-webinar.

 

For more information and the chance to have your questions directly answered
by the management team, please head to our interactive investor hub via:
https://investors.timefinance.com/s/71ba43
(https://investors.timefinance.com/s/71ba43) . Here you will find all company
news and additional content to further explain Time Finance's strategy and
developments.

 

Ends

 

 For further information, please contact:

 Time Finance plc                               01225 474230
 Ed Rimmer (CEO) / James Roberts (CFO           ir@timefinance.com

 Cavendish (NOMAD and Broker)                   0207 220 0500
 Ben Jeynes / Teddy Whiley (Corporate Finance)

 Michael Johnson / Matt Lewis (Sales and ECM)

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

 

 

 

Subscribe to our news alert service:
https://investors.timefinance.com/auth/signup
(https://investors.timefinance.com/auth/signup)

 

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 primarily concentrating on Asset Finance 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) , and the interactive investor hub,
https://investors.timefinance.com (https://investors.timefinance.com) .

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