Lendinvest (LINV) investor relations material

Executive summary

• Achieved record lending/originations of GBP 1.44 billion in FY 2026, up 17% year-over-year, despite a challenging property market.

• Funds under management rose 7% to GBP 5.48 billion; assets under management increased 18% to GBP 3.82 billion.

• Returned to full-year profitability, with underlying profit before tax of GBP 4 million versus a loss in the prior year; diluted EPS improved to 1.6p.

• Platform scalability improved, with originations and AuM growth achieved on a reduced headcount.

• Net assets increased 9% to GBP 72.5 million, reflecting profitability and balance sheet strength.

Financial highlights

• Net operating income grew 12% to GBP 43 million; adjusted EBITDA surged 200% to GBP 8.7 million year-over-year.

• Net interest income rose 26% to GBP 20 million, driven by principal investments and long-term lending.

• Net fee income increased 8% to GBP 24 million, with origination fees up 31% year-over-year.

• Underlying administrative expenses fell 5% to GBP 33.3 million despite record lending volumes.

• Diluted EPS returned to positive at GBP +0.016; tangible net asset value up 13% to GBP 64.8 million.

Outlook and guidance

• Entered FY 2027 with the largest lending pipeline to date and GBP 1.66 billion in committed funding capacity.

• Q1 2027 was a record lending quarter; anticipate a temporary dip in Q2 due to higher swap rates but remain confident in meeting full-year growth targets.

• Confident in delivering growth in line with analyst consensus for FY 2027; medium-term ambition to double lending remains unchanged.