Funding Circle profit jumps in 2025; ups guidance for 2026

(Alliance News) - Funding Circle Holdings PLC on Thursday reported a sharp rise in annual profit and revenue for 2025, as assets under management and lending volumes increased, and upgraded its guidance for 2026.

The London-based lending platform focused on small and medium enterprises posted revenue of GBP204.3 million for the year ended December 31, up 28% from GBP160.1 million in 2024.

Pretax profit from continuing operations rose to GBP20.3 million, compared with GBP3.4 million before exceptional items in 2024 and GBP800,000 after exceptional items in the same year.

Profit after tax for 2025 increased to GBP46.0 million from GBP8.6 million in 2024.

Assets under management grew to GBP2.96 billion at December 31 from GBP2.83 billion a year earlier, while credit extended rose 29% to GBP2.45 billion from GBP1.90 billion.

Within its core term loans business, originations increased 16% to GBP1.64 billion, and profit before tax rose to GBP32.2 million from GBP19.0 million, before exceptional items.

In its FlexiPay and card segment, transactions climbed 66% to GBP815 million, narrowing the pretax loss to GBP11.9 million from GBP15.6 million before exceptional items.

Chief Executive Lisa Jacobs said the company had delivered a "standout performance" and achieved its 2026 revenue guidance a year early.

Looking ahead, Funding Circle upgraded its 2026 guidance to revenue of around GBP235 million and pretax profit of at least GBP35 million. It also set new medium-term targets to 2029, including revenue of GBP300 million to GBP350 million and pretax profit margins in the low to mid-20% range.

Shares in the company were down 3.7% at 140.60 pence in London at midday on Thursday.

By Eva Castanedo, Alliance News reporter

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