Wisr Reports 15% Loan Growth and 11% Revenue Rise in Q1FY26
Wisr Limited reported a robust start to FY26 with a 15% increase in its loan book and improved credit metrics, reaffirming its full-year guidance amid strong momentum.
- Loan book grows 15% year-on-year to $867.6 million
- Revenue rises 11% to $25.0 million driven by personal and secured vehicle loans
- 90+ day arrears fall 26 basis points to 1.14%, net losses down 43 basis points
- Successful $250 million ABS transaction lowers funding costs
- FY26 guidance reaffirmed with October originations exceeding prior quarter
Strong Growth in Loan Book and Revenue
Wisr Limited has kicked off FY26 with impressive momentum, reporting a 15% increase in its loan book to $867.6 million as of September 30, 2025. This growth is underpinned by robust demand across both personal loans and secured vehicle financing, with loan originations surging 90% year-on-year to $146.8 million in the quarter. Revenue followed suit, climbing 11% to $25.0 million, reflecting the expanding loan portfolio and disciplined pricing strategies.
Improved Credit Quality Signals Resilience
Credit performance showed marked improvement, with 90+ day arrears declining by 26 basis points to 1.14%, and net losses falling 43 basis points to 1.63%. These figures highlight Wisr’s effective arrears management and prudent credit underwriting, further evidenced by an increase in the average credit score of new loans to 807. The company’s ability to grow while enhancing credit quality suggests a resilient lending model amid evolving market conditions.
Capital and Funding Advances
Capital markets activity also featured prominently, with Wisr successfully closing its fifth asset-backed securities (ABS) transaction, the $250 million Wisr Freedom Trust 2025-1. The senior tranche received a AAA rating from Moody’s and secured a weighted average margin of 1.39% over one-month BBSW, significantly reducing Wisr’s cost of funds compared to existing warehouse facilities. This transaction boosts the company’s liquidity and funding flexibility, with total warehouse commitments now at $917 million and $216 million undrawn capacity.
Technology and Customer Experience Enhancements
Wisr continues to leverage its technology-led platform to enhance customer experience, introducing a secured personal loan product and enabling instant loan settlements via the New Payments Platform. The refreshed partner portal aims to improve broker efficiency, contributing to a strong customer Net Promoter Score of +76. These innovations support Wisr’s scalable operating model and position it well for sustained growth.
Outlook and Market Positioning
CEO Andrew Goodwin expressed confidence in maintaining the positive trajectory, noting that October originations are on track to surpass the prior quarter. With FY26 guidance reaffirmed, Wisr appears well-positioned to capitalize on its enhanced funding structure, improving credit metrics, and expanding product suite. Investors will be watching closely to see if this momentum can be sustained amid competitive and macroeconomic pressures.
Bottom Line?
Wisr’s strong start to FY26 sets the stage for continued growth, but upcoming quarters will test its ability to sustain credit quality and funding efficiency.
Questions in the middle?
- Will Wisr’s improved credit metrics hold as loan volumes continue to expand?
- How will the lower funding costs from the new ABS transaction impact profitability in coming quarters?
- Can Wisr maintain its growth momentum amid evolving economic conditions and competitive pressures?
