Time Finance, an independent specialist finance provider, has announced an upward revision of its full-year financial outlook for the 2024/25 fiscal year (FY25), citing sustained positive trading momentum. The company now expects its FY25 results to exceed market expectations, reflecting strong performance throughout the year.
Time Finance confirmed it will release its scheduled Q3 FY25 trading update on March 25, 2025. Over the first nine months of the financial year, the company has seen record revenues, fifteen consecutive quarters of lending book growth, and well-controlled arrears.
Due to this continued strong financial performance, the Board now anticipates that revenue for FY25 will not be less than £36.0 million, and profit before tax will reach at least £7.5 million. This is a significant upward revision from previous market expectations, which projected £35.1 million in revenue and £7.2 million in profit before tax, as set in November 2024.
With this solid performance, Time Finance continues to demonstrate resilience and growth, positioning itself well for the remainder of the fiscal year.
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