Time Finance expects FY25 performance to surpass market expectations

Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced that it has continued to enjoy positive trading momentum throughout the first five months of the 2024/25 financial year (FY25) and confirms that the Company will provide a scheduled trading update in respect of H1 FY25 on Thursday 19 December 2024.

This positive momentum year-to-date includes record revenues, a lending book hitting new heights, and arrears remaining well under control. As a result, the Board now has increased confidence that Group performance for FY25 will be ahead of current market expectations¹. Revenue and Profit Before Tax for FY25 are now expected to not be less than £35.1m and £7.2m respectively.

1 FY2024/25 market expectations as at the date of this announcement of £34.5m of revenue and £6.9m of profit before tax.

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Written by: Amilia Stone

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