Non-bank lender Wisr has reported a strong Q2FY26, with rapid loan book and revenue growth, improving credit performance and fresh capital to support further expansion.
The ASX-listed lender’s loan book rose 23% year-on-year to $928.5 million at 31 December (Q2FY25: $756.8m) and 7% on the prior quarter (Q1FY26: $867.6m). Revenue increased 16% to $26.5 million (Q2FY25: $22.8m), driven by what the company described as “sustained momentum” in loan originations.
Total originations climbed 76% year-on-year to $164.2 million (Q2FY25: $93.5m) and 12% quarter-on-quarter. Personal loan originations rose 95% to $106.2m, while secured vehicle loans were up 48% to $58.0m.
Wisr CEO Andrew Goodwin (pictured) said the lender had managed to grow without sacrificing asset quality.
“Growth accelerated in Q2FY26, with a 23% increase in loan book to $928.5M, driving a 16% increase in revenue to $26.5 million,” Goodwin said in an ASX release. “This result was driven by a 76% increase in loan originations to $164.2M, reflecting strong demand and efficient execution across both personal and secured vehicle loans.”
These results come as Australian finance brokers are increasingly steering SME clients to non‑bank lenders, with speed, efficiency, and smoother processes driving more business away from major banks.
For brokers, the direction of Wisr’s credit metrics will be key when positioning the lender with clients.
The average credit score of the loan book increased to 807 (Dec-24: 798). Ninety-plus day arrears fell 42 basis points year-on-year to 1.13% (Dec-24: 1.55%) and edged down from 1.14% in the prior quarter. Net losses decreased 57 bps year-on-year to 1.15% and 48 bps versus Q1FY26 (1.63%).
Goodwin said these trends show “material improvements in credit performance, with 90+ day arrears decreasing to 1.13% and net losses decreasing 48 basis points to 1.15%, demonstrating the effectiveness of our disciplined credit settings and robust arrears management framework.”
Quarterly portfolio yield remained broadly stable at 11.08% (Q2FY25: 11.20%, Q1FY26: 11.14%). Net interest margin came in at 5.30%, slightly higher than 5.26% in Q1FY26 as warehouse utilisation improved and funding costs eased after earlier restructuring.
In November, Wisr completed a $10.6 million equity capital raise, repaying $7.5 million of its corporate debt facility and boosting unrestricted cash to $16.3 million by quarter-end.
“During November, we completed a $10.6 million equity capital raise and refinanced our corporate debt facility, materially reducing the interest margin on the facility and strengthening the balance sheet,” Goodwin said.
“These initiatives have accelerated our pathway to profitability, leading us to upgrade our FY26 guidance in November 2025, with Cash NPAT profitability now expected in H2FY26.”
For brokers, Wisr flagged “continued momentum in the recently launched secured personal loan product”, instant loan settlements via the New Payments Platform (NPP), and a refreshed partner portal aimed at improving broker experience and efficiency. The lender also reported a customer Net Promoter Score of +82, signalling strong satisfaction among its borrower base.
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