Loan Originations Surge 154% as Wisr’s Loan Book Hits $824M
Wisr has reported a robust Q4FY25 with a 154% surge in loan originations and a growing loan book now at $824 million, underpinned by improved credit metrics and strong capitalisation.
- 154% year-on-year growth in loan originations to $140.3M
- Loan book expands for third consecutive quarter to $824M
- Credit quality improves with 90+ day arrears down to 1.40%
- Executed third warehouse facility with $267M committed funding
- Technology investments enhance automation and arrears management
Strong Momentum in Loan Originations
Wisr has delivered an impressive performance in the fourth quarter of fiscal 2025, reporting a 154% increase in loan originations compared to the same period last year. Total originations reached $140.3 million, driven by a 111% rise in personal loans and a striking 296% jump in secured vehicle loans. This marks the company’s fifth consecutive quarter of strong origination growth, signaling robust demand across its core lending segments.
Sustained Loan Book Expansion
The company’s loan book grew for the third straight quarter, closing at $824 million as of June 2025. Personal loans accounted for $535 million of this total, up 6% year-on-year, while secured vehicle loans increased 9% to $289 million. This steady expansion reflects Wisr’s disciplined execution and ability to scale its lending operations effectively.
Improved Credit Quality and Portfolio Metrics
Credit quality continues to strengthen, with the average credit score of new borrowers rising to 804, the highest in four quarters. The company’s 90+ day arrears rate declined by 18 basis points to 1.40%, and net losses fell significantly to 1.66%, down from 2.75% a year earlier. Portfolio yield improved to 11.20%, while the net interest margin increased to 5.47%, underscoring Wisr’s ability to maintain profitability alongside credit discipline.
Robust Funding and Capital Position
Wisr’s capital position remains strong, supported by the execution of a third warehouse facility with $267 million in committed funding, primarily backed by Barclays. Alongside existing personal loan and secured vehicle loan warehouses, this new facility enhances the company’s funding flexibility. Unrestricted cash stood at $14.1 million, with an additional $15 million undrawn from the corporate facility, providing ample liquidity to support ongoing growth.
Technology and Automation Driving Efficiency
Investments in proprietary technology and automation continue to pay dividends. Approximately 80% of loan approvals are now processed automatically via an AI-powered decision engine, enabling Wisr to manage higher volumes without compromising credit quality or operational costs. The company’s arrears management platform leverages real-time data and multiple payment channels, contributing to improved credit outcomes and customer engagement.
Market Tailwinds and Strategic Positioning
Wisr benefits from structural shifts in the Australian lending market, where major banks are retreating from personal and secured vehicle lending. This creates opportunities for non-bank lenders like Wisr to capture market share. With a diversified customer base across multiple states and a focus on both personal and vehicle loans, Wisr is well positioned to capitalize on these trends.
Bottom Line?
Wisr’s strong Q4FY25 results set the stage for continued growth, but investors will watch closely how the company sustains credit quality amid rapid expansion.
Questions in the middle?
- Can Wisr maintain its credit quality as loan originations accelerate further?
- How will the new warehouse facility impact funding costs and flexibility?
- What competitive pressures might arise as banks exit personal and vehicle lending?
