Wisr Limited Reports $1.1 Billion Loan Portfolio and 65% Origination Growth, Achieves Profitability in FY26

Record Quarterly Loan Originations and Sustained Growth Over Nine Consecutive Quarters

Wisr achieved a record $198.1 million in loan originations during Q4FY26, a 41% increase from $140.3 million in Q4FY25 and a 6% rise over the prior quarter’s $186.1 million. This marks the ninth consecutive quarter of robust loan origination growth. Personal loan originations reached $108.7 million, up 22% year-over-year, while secured vehicle loan originations surged 74% to $89.4 million compared to $51.4 million in Q4FY25. The rapid growth in secured vehicle lending is attributed to Wisr capturing market share as major banks exit this segment.

For the full year ending 30 June 2026, Wisr recorded 65% loan origination growth to $695 million, significantly surpassing its guidance of 50% or greater. This consistent momentum underscores the effectiveness of Wisr’s broker-centric distribution model and the rising demand for non-bank personal and vehicle loans in Australia. The company’s loan panel now supports over 13,500 brokers, enhancing its capacity for future origination growth.

Loan Book Reaches $1.1 Billion with Balanced Segment Growth

As of 30 June 2026, Wisr’s total loan book expanded 32% year-over-year to $1.084 billion, up from $824 million at June 2025 and an 8% sequential increase from $1.003 billion at March 2026. This represents the seventh consecutive quarter of loan book growth. The personal loan book grew 24% year-over-year to $664.8 million, accounting for 61% of the total portfolio, while the secured vehicle loan book rose 45% to $419.2 million, representing 39% of the loan book. This reflects Wisr’s strategic focus on expanding its higher-growth secured vehicle lending segment.

The loan portfolio maintains strong credit quality, with an average credit score of 807 as of June 2026, slightly down from 808 in March 2026 but improved from 804 in June 2025. The average new loan size in Q4FY26 was $35,760. This diversified loan mix supports Wisr’s risk management and profitability objectives.

FY26 Cash NPAT Profitability Achieved; FY27 Guidance Targets Fivefold Increase

Wisr reported cash NPAT of $1.0 million in FY26 (unaudited), marking its first full year of cash profitability. This follows an updated FY25 cash NPAT of $5.3 million (revised from $4.5 million after non-cash amortisation adjustments), signaling a normalization after a growth phase. In H2FY26 alone, cash NPAT was $1.7 million, indicating accelerating profitability. For FY27, Wisr projects at least $5.0 million in cash NPAT, a fivefold increase over FY26 and a return to FY25 profit levels.

Growth in FY27 is expected to be driven by continued loan origination and loan book expansion, operating leverage from scale, disciplined cost control, and productivity improvements from automation and technology investments. The company anticipates further substantial cash NPAT growth in FY28 as scale and operating leverage intensify, marking a transition from growth investment to profitability-focused expansion.

Exceeded FY26 Guidance on Revenue, Originations, and Cost Efficiency

Wisr outperformed its FY26 guidance across key metrics: revenue grew 19% to $109 million (vs. guidance of 15%+), loan originations increased 65% to $695 million (vs. 50%+ guidance), and the cost-to-income ratio improved to 28%, better than the target of less than 29%. These results demonstrate enhanced operational execution and efficiency gains, with a 300 basis point improvement from FY25’s 31% ratio, reflecting the benefits of automation and platform scaling.

$354 Million ABS Transaction Strengthens Funding Platform

In Q4FY26, Wisr completed a $354 million asset-backed securities transaction, its largest ABS facility to date. This milestone highlights growing institutional investor confidence in Wisr’s loan portfolio and diversifies the company’s funding sources beyond corporate banking. The ABS issuance aligns with broader growth in non-bank lending ABS markets, supported by Wisr’s infrastructure of three warehouses and six term deals, including two called during the period. This funding capacity supports ongoing loan origination growth with reduced reliance on traditional bank funding.

Automation-Driven Platform Delivers 82% Automated Loan Approvals

Wisr’s automation-first fintech platform leverages AI-powered decision engines, automatically approving 48% of loans and partially automating 82% of loan verifications. This results in faster processing, lower costs, and enhanced customer experience. The company’s comprehensive AI tools streamline underwriting, settlements, servicing, and collections.

Customer satisfaction is reflected in a net promoter score of +82 and recognition as The Adviser’s top non-bank personal loan lender, voted by its broker network. These accolades affirm that Wisr’s technology-driven approach enhances service quality without sacrificing customer experience.

Structural Market Shifts Create Growth Opportunities Amid Declining Major Bank Lending

Wisr’s growth occurs amid significant structural changes in Australian consumer lending. Major banks’ share of household lending declined from 73% in June 2020 to 58% in June 2025, as banks refocus on mortgages and business loans, exiting personal lending segments. Two major banks have also exited secured vehicle lending, expanding market share opportunities for non-bank lenders like Wisr.

Wisr currently holds approximately 3.5% market share in personal loan originations (within a ~$12 billion market) and about 0.6% in secured vehicle loan originations (within a ~$46 billion market), indicating substantial room for growth. The company’s addressable market includes broader consumer and commercial lending sectors, positioning Wisr for multi-year expansion as it captures share vacated by major banks.

Improving Credit Quality Evident in Arrears and Loss Metrics

Wisr’s portfolio credit quality improved with 90+ day arrears declining to 1.01% in June 2026 from 1.14% in March 2026 and 1.40% in June 2025. Net loan losses decreased to 1.30% of the loan book, down 36 basis points from 1.66% in Q4FY25, reflecting prudent underwriting and effective risk management enhanced by automation and AI servicing tools.

Portfolio net interest margin (NIM) declined to 5.11% in Q4FY26 from 5.47% in Q4FY25, primarily due to higher funding costs and a portfolio shift toward lower-yield secured vehicle loans. However, absolute net interest income rose 7% sequentially to $13.2 million and 21% year-over-year, demonstrating strengthened income generation despite margin compression. Portfolio yield stabilized at 11.00% in Q4FY26.

Robust Balance Sheet with $16.6 Million Cash and $22.5 Million Undrawn Facilities

As of 30 June 2026, Wisr held $16.6 million in unrestricted cash and $22.5 million in undrawn corporate facility capacity ($10.0 million committed and $12.5 million uncommitted), totaling $39.1 million in accessible liquidity. This strong liquidity position supports operational needs and strategic initiatives.

Wisr’s capital structure benefits from its ABS funding platform, providing medium-term financing without heavy reliance on corporate banking. The diversified funding sources reduce concentration risk and enhance financial flexibility in a competitive lending environment where funding costs impact profitability and pricing.

Strategic Positioning as Preferred Non-Bank Lender Amid Market Tailwinds

Wisr is well-positioned within the Australian consumer lending market, benefiting from multiple structural tailwinds favoring non-bank lenders. As major banks retreat from personal and vehicle lending, Wisr leverages expanding ABS issuance, a dominant broker distribution network, and advanced automation technology. Its strong metrics—including The Adviser’s top non-bank lender award, a +82 customer NPS, and growing market share—underscore its status as a preferred alternative to traditional banks and competitors.

The company’s strategy focuses on continued technology investment, disciplined underwriting, cost management, and broker network expansion. FY27 cash NPAT guidance of at least $5.0 million and expectations for significant FY28 growth reflect confidence in sustaining growth and converting originations into amplified profits through operating leverage. Wisr’s latest update signals its evolution from a fintech startup to a profitable, scalable non-bank lending platform with clear multi-year growth prospects.