Lendinvest (LINV) investor relations material

Executive summary

• Achieved record lending 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.

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

• Underlying profit before tax improved to GBP 4 million; diluted EPS returned to positive at GBP +0.016.

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

Financial highlights

• 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.

• Net operating income reached GBP 43 million, up 12% year-over-year; excluding a one-off bond exchange charge, growth was 16%.

• Underlying administrative expenses fell 5% despite record lending volumes.

• Adjusted EBITDA increased 200%; underlying profit before tax improved by GBP 5.3 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 drop in lending in the current quarter due to higher swap rates.

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