DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC - Results for the six months ended 30 June 2026

Distribution Finance Capital Holdings PLC (DF Capital) delivered record financial results for the six months ended 30 June 2026, supported by strong loan origination, resilient margins, disciplined cost management and robust credit quality. New lending reached almost £1.1 billion, up 31% year-on-year, driving a 27% increase in the loan book to £932 million. Profit before tax rose almost 50% to a record £13.4 million, while return on tangible equity increased to 15.4%. Net interest margin remained strong at 7.5%, despite beginning to normalise towards the Group’s long-term target of around 7%, while the cost-to-income ratio improved from 58.1% to 53% and cost of risk declined to 0.49%. DF Capital’s growth strategy continues to focus on diversification beyond inventory finance, with structured finance and asset finance providing additional growth opportunities. Asset finance achieved £28 million of new lending during H1 and reached a £40 million loan book, with management targeting £100 million over the coming months and preparing to launch a direct-to-consumer proposition in Q4 2026. Looking ahead, management expects the year-end loan book to reach £920–950 million and remains focused on achieving a £1.5 billion loan book and approximately 20% return on equity by 2030, supported by operational leverage, organic capital generation and continued product diversification.