Notice of Trading Update
FY25 revenue and profit before tax expected to exceed market expectations at £36.0m and £7.5m.
vs expectations: ahead
- Expected FY25 Revenue not less than £36.0m (prior £35.1m (market expectations))
- Expected FY25 Profit Before Tax not less than £7.5m (prior £7.2m (market expectations))
Select text to share a quote on X · sign in to keep highlights & notes in your TIME notes
Time Finance plc, the AIM listed independent specialist finance provider, announces that it has continued to enjoy positive trading momentum throughout the first nine months of the 2024/25 financial year ("FY25") and confirms that the Company will provide its planned trading update in respect of Q3 FY25 on Tuesday 25 March 2025.
This positive momentum year-to-date includes record revenues, fifteen consecutive quarters of lending book growth, and arrears remaining well controlled. As a result, the Board is confident that Group performance for FY25 will be ahead of current market expectations1 which were previously raised in November 2024. Following continued strong performance, Revenue and Profit Before Tax for FY25 are now expected to not be less than £36.0m and £7.5m respectively.
1 FY2024/25 market expectations as at the date of this announcement of £35.1m of revenue and £7.2m of profit before tax.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.