International Personal Finance FY profits rise, backs improved BasePoint offer

(Sharecast News) - Financial services business International Personal Finance said on Wednesday that it had delivered another year of solid progress, supported by strong operational performance and continued execution of its Next Gen strategy. International Personal Finance said pre‑exceptional profits before tax had risen to £88.6m in 2025, up from £85.2m a year earlier, even as its revenue yield decreased by 2.2 percentage points to 52.5%, driven primarily by the impact of lower interest base rates set by central banks during the year.

Customer lending grew 11.8%, while closing net receivables were up 13.9%, with all three divisions contributing to the uplift. Customer numbers increased 4.7% year-on-year to 1.7m, supported by firm demand and an expanded product range,

IPF also reported "robust credit quality and customer repayment performance", delivering an impairment rate of 9%, an improvement on the 9.6% recorded last year, despite absorbing higher up‑front IFRS 9 charges.

As a result, the FTSE 250-listed group proposed a final dividend of 9p per share, taking its full‑year payout to 12.8p, up from 11.4p in FY24.

IPF also recommended its proposed acquisition by IPF Parent Holdings, known as BasePoint, at an increased final offer value of 250p per share, including a 15p special dividend - with the offer representing a premium of around 40% to the stock's closing price of 179.2p on 29 July 2025, the last business day before the offer period began.

As of 0930 GMT, IPF shares were up 6.82% at 250.50p.

Reporting by Iain Gilbert at Sharecast.com