No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Time Finance announced continued positive trading momentum in the first five months of its 2025 financial year on Tuesday, driven by record revenues and a growing lending book.
The AIM-traded finance provider said it now expected its full-year results to exceed market expectations, forecasting revenues of at least £35.1m and profit before tax of no less than £7.2m, up from the previously-anticipated £34.5m in revenue and £6.9m in profit before tax.
It said the optimism was supported by controlled arrears levels, which remained low amidst the company's growth.
Time Finance said it would release a detailed trading update for the first half of the financial year on 29 December.
Its board said it was confident in the group's performance trajectory, and its ability to sustain the strong financial momentum seen so far this financial year.
At 1606 GMT, shares in Time Finance were up 12.4% at 59.01p.
Reporting by Josh White for Sharecast.com.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.
