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(Sharecast News) - Time Finance said on Tuesday that its gross lending book had reached 250m for the first time, marking an all-time high for the AIM-listed specialist finance provider.
The AIM-traded company said robust trading seen over the first three quarters of its financial year had continued through the final quarter to 31 May, supported by ongoing demand from UK businesses for its multi-product funding offering.
Time Finance said the gross lending book had risen from 217m at 31 May 2025 to 250m, representing its 20th consecutive quarter of loan book growth.
The group said the milestone left it on track with its strategic plan, which targets a lending book of more than 300m by 31 May 2028.
Time Finance said it would publish a full-year trading update for the year ended 31 May 2026 on 25 June.
Its audited final results and annual report for the 2026 financial year are scheduled for release on 23 September, when the company will also provide a trading update for the first quarter of the 2027 financial year.
At 1011 BST, shares in Time Finance were up 3.87% at 47p.
Reporting by Josh White for Sharecast.com.
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