Half Year 2026 Lendinvest PLC Earnings Call Transcript
Key Points
- LendInvest PLC (LSE:LINV) reported a 23% year-on-year increase in new lending, reaching GBP664 million in H1 FY26.
- Platform Assets under Management (AuM) grew by 17% to GBP3.45 billion, indicating strong growth and investor confidence.
- The company achieved a GBP3.7 million profit in adjusted EBITDA, a significant improvement from a GBP300,000 loss in the previous year.
- Net operating income increased by 29% to GBP21.5 million, showcasing strong revenue growth.
- LendInvest PLC successfully completed its seventh RMBS securitisation, raising GBP310 million, which was its best-priced deal since 2021.
- The company experienced a temporary slowdown in property purchases ahead of the November budget, affecting lending in certain areas.
- Despite growth, unrestricted cash reduced to GBP7 million, reflecting liquidity deployment into principal investments.
- Interest-bearing liabilities increased by 18%, indicating higher debt levels associated with principal investments.
- The bond exchange program incurred a one-off cost of around GBP1 million, impacting short-term financials.
- The market environment remains challenging with potential risks of lending standards slipping due to increased capital in the sector.
(audio in progress) (Operator Instructions) I would like to remind all participants that this call is being recorded.
I will now hand over to the CEO of LendInvest, Rod Lockhart, to open the presentation. Please go ahead.
Good morning everyone and thanks for joining us today. I'm delighted to share our LendInvest interim results for H1 FY26. I'm joined this morning by Hugo Davies, our Chief Capital Officer; Stephen Shipley, our CFO. Over the next 20 minutes, we'll deep dive into our H1 FY26 performance, showcasing how we continue to grow our profitability and execute our medium-term strategy.
These interim results tell an important story. Last year, we were transforming the business, modernising operations, strengthening the balance sheet, reducing cost and embedding automation. This year, that approach has become business as usual. We're seeing the impact of this with our growing profitability.
Today's agenda is as follows. I'll start with the H1
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