Wisr Ltd (ASX:WZR) has moved closer to sustained profitability after delivering strong loan book growth and achieving cash net profit after tax (NPAT) profitability in the second quarter of FY26.
The fintech lender reported a 23% lift in its closing loan book to $928.5 million as of December 31, 2025, while first-half originations jumped 82% year-on-year to $311.0 million. Revenue rose 14% to $51.5 million, reflecting continued momentum in personal and secured vehicle lending.
Cash NPAT for the half was a loss of $0.7 million, a $1.6 million improvement on the prior corresponding period, with the company tipping into cash profitability in Q2FY26. Underlying earnings (EBITDA) increased to $2.0 million from $0.8 million a year earlier.
Credit metrics also strengthened, with 90+ day arrears falling to 1.13% and net losses declining to 1.38%, alongside an uplift in the average loan book credit score.
Wisr reaffirmed upgraded FY26 guidance, targeting cash NPAT profitability in the second half, loan originations growth of more than 40% and revenue growth above 15% for the full year.
"The results delivered represent a fundamental business turnaround over the last 18 months, culminating in the achievement of Cash NPAT profitability for Q2FY26,” CEO Andrew Goodwin said.