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Wisr Limited has swung back to profit after more than doubling its loan originations in the year ending June 30, 2025, signalling a turnaround after a slower period of growth.
The company issued $422 million in new loans during the year, a 101% increase from FY24. Personal loans made up $271 million of that total, while secured vehicle loans jumped to $151 million.
Wisr CEO Andrew Goodwin (pictured) said the surge in lending marked a turning point: “FY25 was a pivotal year for Wisr. After navigating a challenging macroeconomic environment, we returned to growth, demonstrating the strength and resilience of our business model.”
By June, the loan book had expanded 7% to $824 million. The company also recorded an EBITDA profit of $0.8 million, compared with a $2.3 million loss in FY24. Goodwin said stronger origination activity, higher margins and lower net losses combined to deliver the result.
“Our strong loan origination performance drove a return to loan book growth, which together with higher net interest margins and lower net losses, delivered EBITDA profitability,” Goodwin said.
Credit performance improved, with 90+ day arrears falling to 1.40% from 1.58% and net losses down to 1.79% from 2.40%. The average credit score of the loan book also rose to 804.
To support further expansion, Wisr secured a $267 million funding facility with Barclays Bank PLC in May. This lifted the company’s total warehouse commitments to $917 million, with $287 million still available. An additional $15 million remained undrawn from its corporate facility. Wisr ended the year with $14.1 million in unrestricted cash.
Revenue for FY25 came in at $91.6 million, largely unchanged from the previous year, although the company noted it returned to growth in the second half. Portfolio yield increased to 11.20% and net interest margin to 5.46%.
Looking to FY26, Wisr is targeting loan origination growth of more than 40%, revenue growth above 15%, and a cost-to-income ratio below 29%. Goodwin said the company is “well-positioned for sustained growth” following the expansion of its funding base.
