Wisr Q1FY25 financial performance highlights

Wisr (ASX:WZR), an Australian fintech lender, has announced a robust 54% growth in loan originations for Q1FY25, reaching $77.3 million. The company has successfully reduced its 90+ day arrears to 1.40% while expanding its net interest margin to 5.64%. Wisr's loan book currently stands at $753 million.

Wisr's strategic outlook and future goals

Wisr has demonstrated significant progress in Q1FY25 with a 54% increase in loan originations. The company has improved its net interest margin and reduced arrears and net losses, indicating strong operational performance. Wisr holds a loan book of $753 million with a high average credit score. The company remains committed to scaling its operations, enhancing unit economics, and maintaining high-quality credit standards. With substantial unrestricted cash and warehouse facilities, Wisr is well-positioned to support its growth and achieve a self-sustaining capital position.

CEO commentary on Wisr's strategic growth

We are pleased with the growth achieved in Q1FY25, which reflects our strategic pivot to an active growth phase. The improvements in yield, credit score maintenance, and reduced arrears and losses are particularly gratifying. Our focus remains on scaling the business towards profitability and achieving a self-sustaining capital position.