Wisr Ltd Q1FY27 Company Update
Key points
- FY27 Cash NPAT guidance upgraded to at least $7.0M
- Loan book increased 40% to $1,211.0M
- Record quarterly originations of $253.8M
- Customer NPS +80, Broker NPS +81
- Improved credit performance and reduced losses
Full summary
Wisr Ltd announced an upgrade in its FY27 Cash NPAT guidance to at least $7.0M, a 40% increase from the original guidance of at least $5.0M. This upgrade is driven by continued loan origination and loan book growth, operating leverage, disciplined cost management, and productivity gains from investments in automation and technology. The company's loan book increased by 40% to $1.211 billion, with record quarterly originations of $253.8 million, representing a $1 billion annual run-rate. Customer credit performance improved, with 90+ day arrears decreasing to 0.86%. Net losses improved to 1.19%. Customer and broker satisfaction metrics also improved, with Net Promoter Scores of +80 and +81, respectively.
Guidance
Wisr expects FY27 Cash NPAT of at least $7.0M
Outlook
Wisr expects Cash NPAT to grow substantially in FY28 as the business benefits from increased scale and further operating leverage.
Summary generated by a large language model. Please interpret with care.