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S&U (SUS) investor relations material
S&U Q2 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved robust growth in Q2 2026/27, with capital receivables reaching a record £616m, up 20% year-over-year.
Debt quality remains strong, with up-to-date receivables at 73% for motor finance and late payers in property finance within budget.
Growth and quality position the group well for future profitability despite broader UK economic pessimism.
Financial highlights
Capital receivables increased to £616m from £512m last year, a 20% rise.
Borrowings stand at £285m, well below the £330m facility.
Advantage Finance advances up 50% year-to-date, with advances reaching £105m for the half-year.
Collections against due at 92% year-to-date, up from 90% last year.
Bad debt and written-off accounts fell by nearly a fifth compared to last year.
Outlook and guidance
Profitability expected to improve further in the second half of the year and into 2027/28.
Securitisation project nearing completion, with details to be announced in September.
Cautious optimism for a pro-growth UK government approach, with confidence in continued prosperity.
- Profitability and lending volumes surged, with robust credit quality and new funding secured.SUS
Q1 2027 TU - Profit before tax up 32% to £31.8m, with record lending, strong collections, and funding expansion.SUS
H2 2026 - Record lending, improved margins, and new funding drive strong growth and outlook.SUS
Q4 2026 TU - Profit and receivables growth accelerate, driven by robust motor and property finance performance.SUS
Q3 2026 TU - Profit before tax up 22% to £15.6m, with strong segment growth and improved gearing.SUS
H1 2026 - Profitability and growth are accelerating, supported by legal clarity and strong segment advances.SUS
Q2 2026 TU - Aspen Bridging's growth offset Advantage's decline, keeping group net receivables stable.SUS
Trading Update - Profit before tax fell 40% on higher impairments, but Aspen posted record growth.SUS
H1 2025 - Profit before tax fell to £24.0m, but property finance and bridging hit record highs.SUS
H2 2025
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