Lender is on track to hit its target of over 75% loan origination growth in FY25
Non-bank lender Wisr has reported a 66% increase in loan originations for the first half of the 2025 financial year, reaching $170.8 million.
Growth was recorded across both secured vehicle and personal loan products as non-bank lenders gained a larger share of the market.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose to $0.8 million, up from $0.2 million in the same period last year. The increase was attributed to higher net interest margins driven by front-book repricing strategies and improved funding costs, alongside lower losses.
Wisr reaffirmed its full-year guidance, forecasting loan origination growth of more than 75% in the current financial year.
Secured vehicle loan originations saw the largest increase, surging 143% to $62.1 million, compared to $25.6 million in the first half of the 2024 financial year. Personal loan originations also grew, rising 40% to $108.7 million from $77.5 million in the previous period.
“In the first half of FY25, Wisr continued to execute its growth strategy, evidenced by strong loan origination growth across our secured vehicle and personal loan products,” said Wisr chief executive Andrew Goodwin (pictured above). “This has also led to EBITDA profitability driven by increasing NIM and improved losses, as well as a return to loan book growth in Q2FY25.”
Goodwin noted that non-bank lenders are benefiting from an increasing share of the personal loan market. According to him, Wisr is now leveraging technology-driven automation to improve efficiency and support continued growth.
“As we look ahead to the remainder of FY25, we remain focused on loan origination and book growth while continuing to support Australians in making smarter financial decisions via our platform,” Goodwin said.
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