Time Finance reports record interim results
By Josh White
Date: Tuesday 27 Jan 2026
(Sharecast News) - Time Finance reported record interim results for the six months ended 30 November on Tuesday, driven by continued strong demand from UK SMEs and sustained growth in its lending book.
The AIM-traded specialist finance provider said own-book new business origination rose 48% year on year to £62.6m, while the gross lending book increased 12% to a record £235.3m, marking the 18th consecutive quarter of lending book growth.
Revenue increased 4% to £18.8m, while profit before tax rose 10% to £4.3m.
The profit margin improved to 23% from 22%, and earnings per share increased 7% to 3.47p.
Balance sheet strength also improved, with net assets rising 9% to £75m and net tangible assets up 14% to £47.2m.
Credit quality metrics strengthened over the period, with net deals in arrears falling to 4.5% of the gross lending book from 5.3% a year earlier, while net bad debt write-offs declined to 1.0% of the average gross lending book.
Unearned income rose 13% to £29.6m, providing increased visibility over future earnings.
Secured lending accounted for 87% of the total lending book, up from 77% a year earlier, while own-book origination represented 98% of all new deals written.
The board said trading momentum continued into December, underpinning confidence that performance for the year ending 31 May would be at least in line with market expectations.
Non-executive chair Tanya Raynes said the group had made a strong start to the financial year.
"The first six months trading of the 2026 financial year mark a solid financial performance and strong start in terms of delivery against our current strategic plan through to May 2028, with robust demand from UK SMEs helping to drive the lending book to record highs," she said.
"While revenues continue to grow, the focus on efficiencies has resulted in growth in both margins, profits and earnings per share."
Raynes added that the balance sheet and credit quality remained strong.
"Net tangible assets are at an all-time high; cash reserves and funding sources remain healthy; while arrears and write-offs have both fallen, reflecting the strong credit controls in place across the group," she said, adding that the board remained confident in the group's ability to deliver long-term growth and shareholder value.
At 1351 GMT, shares in Time Finance were down 1.89% at 52p.
Reporting by Josh White for Sharecast.com.
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