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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.
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Q2 2027 TU earnings summary26 Aug, 2026

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.

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