LendInvest returns to profitable growth in first half

(Sharecast News) - LendInvest reported a return to profitable growth in the first half of its 2026 financial year on Monday, driven by increased lending volumes and improved operational efficiency. The AIM-traded UK property fintech platform posted a profit before tax of £1.2m for the six months ended 30 September, compared with a £2.4m loss a year earlier, marking its second consecutive period of profitability.

Profit after tax was £0.9m, versus a £1.9m loss in the prior comparable period.

New lending rose 23% to £663.6m, supporting net operating income of £21.5m, up 29% year on year.

Net interest income climbed 55% to £9.3m, while net fee income grew 9% to £11.6m.

Adjusted EBITDA turned positive at £3.7m, compared with a £0.3m loss in the first half of the previous financial year.

Total operating expenses increased 6% to £20.3m.

Diluted earnings per share came in at 0.6p, reversing a loss of 1.3p a year earlier.

Funds under management rose 14% to £5.32bn, while platform assets under management increased 17% to £3.45bn, including third-party assets of £2.61bn.

Net assets stood at £72.7m, a 29% improvement.

LendInvest said it continued to expand its capital base without raising fixed overheads, reflecting the scalability of its technology-enabled platform.

The group also highlighted unutilised funding facilities of £1.87bn and noted that, after the reporting period, it completed its seventh residential mortgage-backed securitisation and issued a fifth retail bond to support further lending growth.

Chief executive Rod Lockhart said the results "mark another period of consistent execution, confirming that the structural realignment and disciplined focus initiated in 2024 are now firmly embedded in our business-as-usual operations."

"Adjusted EBITDA for the 6 months to 30th September 2025 rose to £3.7m, underscoring the scalability and efficiency of our platform," he added.

"Profit before tax increased to £1.2m, marking our second consecutive half of positive PBT profitability and extending a clear upward trajectory in earnings."

Lockhart said the business model "combines recurring fee income from third-party capital with interest income from our own principal investments - a balanced, capital-efficient platform designed to deliver sustainable growth," and highlighted that lending growth had been achieved "without increasing fixed overheads, highlighting the strength of our operating leverage."

He noted some temporary softening in activity ahead of the November Budget but said full-year performance remained on track, adding that "LendInvest is well positioned to capture the next phase of growth as market conditions improve."

At 1117 GMT, shares in LendInvest were up 1.33% at 38p.

Reporting by Josh White for Sharecast.com.