Wisr (ASX:WZR) Upgrades FY25 Guidance with Strong Q3 Results
Financial Performance
Wisr reported revenue of $22.4 million in Q3FY25, a 3% decrease compared to Q3FY24. Portfolio net interest margin (NIM) increased by 36 basis points to 5.60%, and portfolio yield rose by 54 basis points to 11.25%.
Loan Origination and Book Growth
The company achieved $111.0 million in loan originations for Q3FY25, marking a 115% increase year-over-year and a 19% rise from Q2FY25. Wisr upgraded its FY25 loan origination growth guidance to over 90%, up from 75%.
Portfolio Quality and Yield
Wisr’s total loan book grew to $777 million as of March 2025, an almost 3% increase from December 2024. The average credit score improved to 800, and 90+ day arrears decreased to 1.48%. Net losses improved to 1.99%, remaining within the company’s risk appetite.
Funding and Capital Position
The company is well-capitalised with $22.5 million in unrestricted cash and $15.0 million available from the undrawn corporate facility. Wisr has raised $875 million across four ABS transactions and is progressing on a third funding warehouse.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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