ASX-listed non-bank lender Wisr has posted its first full-year cash net profit after tax, delivering $1 million for FY26 and exceeding all four of its guidance targets for the year. The result was underpinned by record quarterly loan originations of $198.1 million in the June quarter, up 41% on the same period last year.
Wisr's loan book closed the year at $1,084 million, up 32% on June 2025, while quarterly revenue rose 26% to $30 million. The lender's cost-to-income ratio improved to 28%, from 31% a year earlier, while 90-plus day arrears fell 39 basis points to 1.01%.
Chief executive Andrew Goodwin (pictured) said the result reflected consistent execution across the business.
"FY26 was a landmark year for Wisr,” Goodwin said. “We exceeded all four guidance metrics and delivered our first full year of Cash NPAT profitability. The loan book increased 32% to $1,084.0M, and full-year revenue increased 19% to $108.8M, supported by record loan originations of $695.3M, up 65% on FY25."
The result builds on already-upgraded expectations — Wisr lifted its FY26 origination growth guidance from 40%+ to 50%+ back in April, after its loan book first crossed $1 billion in the March quarter.
Goodwin said the expansion had not come at the expense of loan quality.
"Importantly, this growth was achieved alongside continued improvement in credit performance. 90+ day arrears improved by 39 basis points to 1.01%, reflecting our disciplined credit settings and robust arrears management," he said.
The lender's largest asset-backed securitisation to date — released approximately $7.5 million in cash and created $354 million in additional warehouse capacity to support continued loan book growth.
Wisr has guided to FY27 cash NPAT of at least $5 million, more than quadrupling its FY26 result. Goodwin said the business was entering the new financial year with momentum.
"Having delivered on our FY26 commitments, we enter FY27 with strong momentum and a business that is scaling profitably. We are pleased to provide FY27 Cash NPAT guidance of at least $5m, supported by continued loan book growth, operating leverage and disciplined cost management," he said.
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