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Wisr has reported a robust performance for the third quarter of FY25 (3Q25), continuing its strong momentum in loan originations and achieving a second consecutive quarter of loan book expansion.
Total loan originations rose by 115 per cent to $111.0 million, compared with $51.6 million in 3Q24, supported by growth across both secured vehicle and personal loan products.
Secured vehicle loan originations totalled $37.2 million, representing a 255 per cent jump from $10.5 million a year ago, while personal loan originations reached $73.8 million, up 80 per cent from $41.1 million in 3Q24.
The company’s closing loan book increased to $777 million as of March 2025, up from $757 million at the end of December 2024, marking two consecutive quarters of loan book growth since Wisr shifted its focus back to origination in 4Q24.
Credit quality remains a key focus, with the average borrower credit score climbing to 800, up from 794 in March 2024. Portfolio yield improved to 11.25 per cent for the quarter, compared to 10.71 per cent a year earlier, aided by the ongoing repricing of the loan book.
Wisr’s CEO Andrew Goodwin attributed the continued growth to investments in automation and technology.
“This momentum reflects the positive impact of our investment in automation and technology-led processes, which have delivered efficiency and scalability across both our secured vehicle and personal loan products,” he said.
“At the same time, we’ve maintained a strong credit profile, with an average credit score of 800 and continued improvement in arrears.”
Arrears over 90 days improved to 1.48 per cent, down 23 bps from 1.71 per cent in March 2024, and 7 bps lower than 1.55 per cent in December 2024.
Net losses stood at 1.99 per cent – an improvement of 23 bps from 2.22 per cent in 3Q24 – though slightly higher than 1.72 per cent in 2Q25. The company confirmed this result remains within its risk appetite.
Despite a revenue dip to $22.4 million from $23.1 million in 3Q24 – largely due to a lower average loan balance during the period – Wisr expects revenue to grow as loan volumes scale under favourable market conditions.
Reflecting the strong year-to-date performance, Wisr has upgraded its full-year FY25 guidance to over 90 per cent growth in loan originations, up from its previous forecast of 75 per cent.
“As we head into the final quarter of FY25, our priorities remain firmly centred on sustainable and disciplined loan book growth, risk-adjusted returns, and platform enhancement,” Goodwin said.
“We remain committed to supporting our customers and helping more Australians make smarter financial decisions.”
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