Time Finance has reported profit before tax of £4.3m ($5.7m) for the six months ended 30 November 2025 (H1 FY25/26), up 10% from £3.9m recorded in the same period last year (H1 FY24/25).

The company’s lending book registered growth for 18 consecutive quarters alongside a decline in arrears and write-offs.

The full unaudited interim results are expected to be published on 27 January 2026.

During the first half, new business origination on the company’s own book rose by 48%, reaching £62m from £42m in H1 FY24/25.

Gross lending book expanded by 12% to £235m as of 30 November 2025.

Revenue moved higher by 3%, totalling £18.8m for the period compared to £18.2m a year earlier.

Net tangible assets were recorded at £47.2m at the close of November 2025, representing a rise of 14% from £41.5m 12 months prior.

Net arrears as a proportion of the gross lending book decreased by 0.8% to 4.5% by the end of November 2025, compared to 5.3% at the same point last year.

Record monthly volumes were reported in both asset finance and invoice finance operations over this half-year period.

The group continues to maintain its focus on secured lending through its invoice finance business and what it identifies as the ‘Hard’ subset within its asset division. 

These two offerings together now represent nearly 87% of the total lending book, rising from a share of 78% one year ago.

In addition, they accounted for more than 98% of new deals recorded in the first half of this financial year.

Time Finance CEO Ed Rimmer said: “The first half of FY25/26 has been really encouraging. Despite the wider macro-economic headwinds, the balance sheet has further strengthened with net tangible assets now in excess of £47m. At the same time, the lending book has continued its consistent growth but, crucially, not at the expense of quality, with arrears and write-offs continuing to improve.

“The business has also managed to invest in its Business Improvement function, which drives operational efficiencies, while still achieving record six-monthly revenues and levels of profit before tax. The board, therefore, continues to remain confident that the group is well-positioned for further growth and to build increased value for its shareholders over time.

Earlier this month, Time Finance appointed Geoff Worrall as head of structured credit within its asset finance division, in line with ongoing plans to expand UK asset finance activities.