The fintech lender has posted a sharp rise in half-year loan volumes as it flags a step change in profitability.
Digital lender Wisr has reported a sharp acceleration in loan book and origination growth in the first half of the financial year 2026, pushing its portfolio close to the $1 billion mark.
Loan book closes in on $1bn milestone
Wisr’s closing loan book reached $928.5 million at 31 December 2025, up 23 per cent from $756.8 million in December 2024 and 13 per cent from $824 million at June 2025.
Personal loans account for $598 million of the book, up 21 per cent on the pcp, while secured vehicle loans stand at $331 million, up 25 per cent over the same period.
This leaves personal credit at around 64 per cent of the portfolio and secured vehicle loans at 36 per cent.
For the first time, total loan originations for the half came in at $311 million, an 82 per cent lift on H1 FY25’s $170.8 million, while personal loan originations rose to $198.9 million, up 83 per cent year-on-year.
Secured vehicle originations reached about $112 million, up 81 per cent on the prior corresponding period.
CEO Andrew Goodwin said the latest numbers capped a lengthy turnaround program.
“The results delivered represent a fundamental business turnaround over the last 18 months, culminating in the achievement of Cash NPAT profitability for Q2FY26. The foundations are now very much in place to expand on this outcome,” he said.
Credit quality strengthens as volumes rise
Wisr highlighted that growth had been accompanied by improving arrears and losses.
The average credit score across the loan book lifted to 807 from 798 in December 2024, reflecting what the lender described as disciplined underwriting and a tilt toward higher-quality borrowers.
The average new loan size is $35,536 with an average borrower score of 807.
Ninety-plus-day arrears fell to 1.13 per cent, a reduction of 42 basis points compared with December 2024 and 27 bps compared with June 2025.
Net losses, meanwhile, decreased to 1.38 per cent, down 49 bps on H1 FY25, with Wisr outlining that the combination of higher scores, tighter underwriting, and improved collections performance underpinned the stronger loss profile.
The lender’s portfolio is skewed towards vehicle-related borrowing, with 64 per cent of customers using funds for vehicles, 12 per cent for debt consolidation, 12 per cent for home improvements and contents, and 4 per cent for other purposes.
Full-time workers make up 74 per cent of the customer base, with 4 per cent self-employed, 8 per cent part-time, and 14 per cent casual.
Wisr also reported a Net Promoter Score of +82 and pointed to “instant” loan settlements via the New Payments Platform and a refreshed partner portal aimed at improving third-party distribution.
Margins, funding, and capital reshape
Portfolio net interest margin for the half was 5.26 per cent, down 49 bps on H1 FY25 and 20 bps on the prior half.
Wisr attributed the compression to temporarily elevated undrawn costs following the launch of its third warehouse facility, noting that NIM recovered to 5.30 per cent in Q2 FY26 as utilisation increased.
Cash NPAT for H1 FY26 was a loss of $0.7 million, yet an improvement of $1.6 million on the pcps $2.3 million loss, while EBITDA rose to $2.0 million from $0.8 million.
The lender said it had achieved cash NPAT profitability at a quarterly level in 2Q FY26.
Goodwin said capital and funding initiatives completed over recent months had accelerated the shift towards sustainable profitability.
Majors retreat as non-banks gain ground
Wisr said it was leaning into what it describes as “structural tailwinds”, with major banks continuing to narrow their focus to mortgages and business lending and easing back from smaller-ticket personal and vehicle finance.
Over recent years, several large institutions have scaled back or exited segments of car and unsecured lending, opening more room for specialist and fintech providers.
Goodwin said the group’s technology platform and scale put it in a strong position as these markets continued to evolve.
“With continued growth and our platform driving increased automation and operational efficiency, we are well-positioned to continue scaling profitably and creating value for shareholders,” he said.
[Related: Wisr launches secured motorcycle loans]
