LendInvest

LINV · AIM · Financial Services · mcap £40m · 28.5p

LendInvest makes short-term bridging and buy-to-let mortgage loans to UK property investors and developers. It funds these through its own balance sheet, bank lines, securitisations and third-party investor money, earning interest and fees.

Target	Promise	Said	Status
2024
31 Mar 2024	Generate pre-tax profit of at least £10m from residual RMBS securitisation sale in H2 FY24.	19 Dec 2023	✗ Missed · target changed
	“Performance in the second half of FY24 is also expected to benefit from a sale of the residual interests in the most recent RMBS securitisation, which is in progress, and is expected to generate a pre-tax profit of at least £10m.” Result Sale completed with a £12.1m gain, but the gain was withdrawn in June 2024 after an accounting adjustment. “The transaction will generate a net pre-tax gain of c£12.1 million for FY2024.”5 Jan 2024 · Sale of residual economic interest in RMBS “the Company advises the market to reduce expectations for NOI and PBT for FY 2024 by disregarding the previously expected net gain of £12.1 million.”17 Jun 2024 · Update on FY24 guidance
2025
31 Mar 2025	Return the business to profitability during FY2025.	19 Dec 2023	◐ Partly kept
	“Return to profitability expected during FY2025, as previously forecast” Also stated 18 Apr 2024 · 17 Jun 2024 · 24 Jul 2024 Result FY25 full-year loss was £1.2m, though the second half was profitable with £3.2m adjusted EBITDA. “While the strengthening in H2 was not sufficient to deliver full-year profitability on a statutory basis, we narrowed our annual loss before tax to -£1.2m (FY24: -£31.1m), an improvement of 96%.”21 Jul 2025 · Annual Report “We have been profitable for PBT in H2, recording a profit before tax of £0.5m compared to a loss before tax in H1 of £1.7m - an improvement of 129%.”21 Jul 2025 · Annual Report
31 Mar 2025	Reduce administrative expenses to levels similar to FY23 by FY25.	19 Dec 2023	… In progress
	“Anticipated savings contributing to a expense target in line with FY23 levels by FY25.” Also stated 9 Dec 2024 Result Not yet due.
31 Mar 2025	Secure new Separate Account and Forward Flow arrangements across both divisions in FY2025.	18 Apr 2024	✓ Kept
	“we expect to secure new Separate Account/Forward Flow arrangements across both LendInvest divisions over this financial year” Result Funds under management grew to £5.14bn after a £500m investor upsize and a £300m Lloyds renewal. “The FUM total now stands at £5.14bn, boosted by a £500 million upsize from one of the business' existing institutional investors.”27 Jan 2025 · LendInvest grows Funds under Management to £5.14bn “LendInvest has also just agreed a renewal of its £300 million funding facility with Lloyds.”27 Jan 2025 · LendInvest grows Funds under Management to £5.14bn
31 Mar 2025	Achieve run-rate profitability during the rest of FY25.	9 Dec 2024	✓ Kept
	“we remain cautiously optimistic about achieving run-rate profitability during the rest of the year.” Result Second-half FY25 adjusted EBITDA was £3.2m, a return to profit in the half. “Having returned to profitability in September, we delivered a sustained performance throughout the second half of the year - achieving profit before tax of £0.5m for H2 and an adjusted EBITDA of £3.2m for the year.”21 Jul 2025 · Annual Report
2026
31 Mar 2026	Deliver FY26 lending growth and profit in line with market expectations.	21 Jul 2025	✓ Kept
	“Our focus in FY26 is on disciplined execution: driving lending growth, improving efficiency, and growing profitability in line with current market expectations for the year.” Also stated 9 Dec 2025 Result FY26 lending hit a record £1.44bn and pre-tax profit £3.2m; trading update said in line with expectations. “FY26 performance is expected to be in line with market expectations, despite one-off costs incurred in connection with the Group's fifth listed bond issuance.”23 Apr 2026 · LendInvest FY26 Trading Update
31 Mar 2026	Mortgages division origination volumes significantly ahead of the prior year.	28 Oct 2025	✓ Kept
	“the Mortgages Division is positioned to deliver origination volumes that are anticipated to be significantly ahead of the previous year” Result Total FY26 originations were £1.44bn versus £1.23bn; buy-to-let £917m. “Total FY26 originations of £1,437m, including H2 FY26 originations of £774m, reflecting a strong acceleration in activity”23 Apr 2026 · LendInvest FY26 Trading Update “The Group originated a record £1.44bn of loans during FY26, a 17% increase on FY25”15 Jul 2026 · LendInvest FY26 Financial Results
Today · 10 Oct 2026
2027
31 Mar 2027	Begin transition to AI-enabled loan servicing via the Prism platform in FY27.	15 Jul 2026	… In progress
	“Implementation begins in FY27” Status so far Not yet due.
31 Mar 2027	Close the Self-Select platform and run down retail investor balances in an orderly way.	15 Jul 2026	… In progress
	“the Group also took the decision to close the Self-Select platform and commence an orderly rundown of retail investor balances” Status so far Not yet due.