Wisr delivers EBITDA profitability on increased loan originations

In H1FY25, Wisr has increased loan originations by 66% across its secured vehicle and personal loan products, against a backdrop of strong increases in non-bank lender market share. Wisr has delivered EBITDA of $0.8 million (H1FY24: $0.2 million), driven by continued Net Interest Margin (NIM) expansion from front book repricing initiatives and improved funding margins, while also delivering lower losses.

Wisr reaffirms its guidance of 75%+ loan origination growth in FY25.

Wisr’s loan originations increased 66% to of $170.8 million, compared to H1FY24 of $103.1 million.

Secured vehicle loan originations also increased to $62.1 million, a rise of 143% on H1FY24 ($25.6 million) and personal loan originations grew to $108.7 million, an increase of 40% on H1FY24 ($77.5 million).

Andrew Goodwin (pictured), Wisr’s Chief Executive Officer, said, “In the first half of FY25, Wisr continued to execute its growth strategy, evidenced by strong loan origination growth across our secured vehicle and personal loan products. This has also led to EBITDA profitability driven by increasing NIM and improved losses, as well as a return to loan book growth (in Q2FY25).

“Wisr continues to benefit from structural tailwinds which include the increase in personal loan market share of non-bank lenders. At the same time, the Company has been focused on delivering efficiencies and growth through technology-driven automation which will see Wisr well-placed to continue scaling efficiently.

“As we look ahead to the remainder of FY25, we remain focused on loan origination and book growth while continuing to support Australians in making smarter financial decisions via our award-winning platform,” concluded Goodwin.