Wisr Targeting Stronger FY27 Profit After Record Lending Year

Wisr (ASX: WZR) delivered its first unaudited full-year cash NPAT of $1.0 million in FY26, reversing the prior year’s $5.3m loss and exceeding all four guidance measures.

The fintech lender has guided to cash NPAT of at least $5.0m for FY27, supported by continued loan growth, operating leverage, disciplined cost management, and productivity gains from technology investment.

Loan originations reached a quarterly record of $198.1m in the three months to 30 June 2026, rising 41% from the corresponding period, while revenue increased 26% to $30.0m.

Wisr’s loan book closed FY26 at $1,084.0m, representing growth of 32% from June 2025 and 8% from March 2026.

Guidance Beaten Across Board

Second-half Cash NPAT reached $1.7m, securing the full-year profit result after Wisr had targeted profitability during that six-month period.

Full-year originations climbed 65% to $695.3m against guidance for growth of at least 50%, with personal loans and secured vehicle loans both contributing to the record fourth-quarter result.

Revenue increased 19% to $108.8m, exceeding the minimum 15% growth target, while the cost-to-income ratio improved from 31% to 28% against guidance of less than 29%.

“Having delivered on our FY26 commitments, we enter FY27 with strong momentum and a business that is scaling profitably,” chief executive officer Andrew Goodwin said, calling FY26 a “landmark year” for the company.

“These results reflect continued strong demand and consistent execution across both personal and secured vehicle loans,” he added.

Credit Quality Holding Firm

The average credit score across the loan book remained strong at 807, compared with 804 in June 2025 and 808 at the end of the previous quarter.

Loans more than 90 days in arrears improved by 39 basis points (bps) over the year to 1.01%, while net losses declined 36bps to 1.30% and were 14bps lower than in the March quarter.

Net interest margin (NIM) narrowed 36bps from the corresponding period and 12bps from the prior quarter to 5.11%, reflecting higher funding spreads and a greater weighting towards secured vehicle loans.

Risk-adjusted margin remained broadly stable at 3.81% as improved net losses offset NIM compression and the lower loss profile of secured vehicle lending supported portfolio performance.

Largest ABS Transaction

Wisr priced its sixth and largest asset-backed securities (ABS) transaction during May 2026 at $354m after increasing the deal from $300m, combining personal loans and secured vehicle loans for the first time.

The lender’s three warehouse facilities had total commitments of $887m at the end of FY26, up from $767m in March, with $364m of undrawn capacity and unrestricted cash of $16.6m.

Customer and broker Net Promoter Scores reached +82 and +80 respectively, alongside continued investment in automated fraud detection, vehicle verification, financial document review and income checks.

Wisr expects further substantial Cash NPAT growth in financial year 2028 as scale and operating leverage increase, with audited FY26 results scheduled for release on 26 August 2026.