Time Finance plc (LON:TIME), the AIM listed independent specialist finance provider, has announced its unaudited interim results for the six-months ended 30 November 2024. The Results reflect continued strong demand from businesses across the UK for the range of alternative finance products offered by the Group.
Financial Highlights:
· Revenue up 16% to £18.2m (H1 2023/24: £15.7m)
· Profit before Tax (“PBT”) up 44% to £3.9m (H1 2023/24: £2.7m)
· PBT margin improved to 21% (H1 2023/24: 17%)
· Earnings Per Share (“EPS”) up 39% to 3.24 pence per share (H1 2023/24: 2.33 pence per share)
· Net Assets up 8% to £69.0m at 30 November 2024 (30 November 2023: £63.9m)
· Net Tangible Assets up 14% to £41.5m at 30 November 2024 (30 November 2023: £36.4m)
· Gross lending book up 11% to a record £209.4m at 30 November 2024 (30 November 2023: £188.6m)