Australia's Wisr surges on improved quarterly performance

WISR

29/07/2025 04:34

** Shares of Wisr WZR.AX rise as much as 35.7% to A$0.038, their highest since February 26

** Stock marks biggest intraday pct gain since October 30, 2024

** Neo-lender posts 6% rise in qtrly revenue to A$23.9 mln ($15.59 mln), driven by increase in loan book and improved portfolio yield

** Says loan originations grew 154% to A$140.3 mln for qtr

** Reports qtrly NIM of 5.47%, up from 5.14% a year earlier

** About 16.5 mln shares traded, 24.4x the 30-day average

** YTD, stock up 11.5%

($1 = 1.5333 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))