International Personal Finance (IPF) investor relations material

Executive summary

• Achieved a strong start to 2026 with 23% year-on-year growth in customer lending, driven by robust demand and effective execution of the Next Gen Strategy.

• Customer numbers rose 5% year-on-year to 1.724 million, with growth across all divisions and markets.

• Closing net receivables increased 16% to £1,081m, reflecting sustained lending momentum.

Financial highlights

• Group customer lending up 23% year-on-year; Provident Europe led with 30% growth, mainly from credit card lending in Poland.

• IPF Digital and Provident Mexico posted lending growth of 17% and 11% year-on-year, respectively.

• Annualised revenue yield decreased by 2.0ppts to 52.2% year-on-year, impacted by lower base rates and growth in lower-yielding Polish receivables.

• Annualised impairment rate increased by 1.3ppts since 2025 year-end to 10.3%, reflecting lending growth.

• Cost-income ratio improved by 0.3ppts year-on-year to 61.1%.

Outlook and guidance

• Positive growth momentum expected to continue, supported by strong credit quality and balance sheet.

• Ongoing investment in Mexico and Australia, as well as product and channel development, may impact short-term returns but is expected to drive sustainable medium-term growth.