S & U PLC - Preliminary Results

S&U plc’s latest investor update highlights a strong recovery in company performance, with profit before tax increasing 32% to £31.8 million, reflecting improved financial results across its Advantage motor finance and Aspen property bridging divisions. Despite a modest decline in revenue due to cautious lending earlier in the year, the group delivered robust second-half growth, supported by enhanced credit quality, stronger collections and reduced impairment charges. Group receivables approached £500 million, with Advantage reaching £317 million and Aspen delivering record lending volumes, repayments and £8.8 million PBT, demonstrating the strength of its specialist lending model. The company continues to invest in technology, AI and operational infrastructure to drive efficiency and support scalable growth. S&U’s growth strategy is underpinned by a major securitisation and refinancing programme, expected to significantly increase funding capacity, improve margins and optimise cost of capital, while maintaining disciplined underwriting standards. Management highlighted a positive start to 2026, a strong pipeline of lending opportunities and potential to gain market share amid evolving regulatory conditions. Overall, S&U plc is positioned for sustainable revenue growth, improved EBITDA and long-term expansion, with a resilient balance sheet and increasing investor confidence in its future earnings potential.