LendInvest returns to profitability in second half as lending grows

Published 21/07/2025, 07:48
LendInvest returns to profitability in second half as lending grows

LONDON - Property finance platform LendInvest plc (LSE:LINV) reported a return to profitability in the second half of its fiscal year ended March 31, with total new lending growing 39% year-on-year to £1.23 billion.

The company recorded a profit before tax of £0.5 million in the second half, compared to a £1.7 million loss in the first half. For the full year, LendInvest narrowed its annual loss before tax to £1.2 million, a 96% improvement from the £31.1 million loss reported the previous year.

Adjusted EBITDA swung to a positive £3.2 million for the year, compared to a £19.0 million loss in the prior year, representing a 117% improvement.

The company’s Mortgages Division showed particularly strong momentum with lending rising 62% year-on-year. Platform Assets under Management increased by 16% to £3.23 billion, with 79% of those assets now managed on behalf of third parties.

Net fee income rose 48% to £22 million, while net interest income nearly doubled to £15.7 million, supported by new and renewed financing partnerships. Total (EPA:TTEF) operating expenses decreased by 22% to £39.8 million, with administrative expenses falling by 14%.

"FY25 marks a turning point for LendInvest," said Rod Lockhart, Chief Executive Officer. "Having returned to profitability in September, we delivered a sustained performance throughout the second half of the year."

The company secured several funding milestones during the year, including a £500 million upsize to its JP Morgan Separate Account, bringing it to £1.5 billion, and a £300 million syndicate with BNP Paribas (OTC:BNPQY) and HSBC renewed on improved terms.

LendInvest also completed its sixth securitization, which included its first securitization of owner-occupied loans.

The company reported operational efficiency gains, with Buy-to-Let underwriters now processing up to 6 cases per day, up from 4 in the previous fiscal year, representing a 50% increase in productivity.

According to the press release statement, LendInvest’s focus for the current fiscal year is on driving lending growth, improving efficiency, and growing profitability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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