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.
