Wisr has passed the $1 billion mark in its loan book and upgraded its growth outlook, as the non-bank lender reports record quarterly originations and improving credit metrics for the March 2026 quarter.
The loan book rose 29% year-on-year to $1.003 billion as of 31 March, up 8% on the December quarter. Quarterly loan originations climbed 68% on the prior year to a record $186.1 million, with a 13% lift on the previous quarter, driven by both personal and secured vehicle lending.
“Q3FY26 marked a significant milestone for Wisr, with our loan book growing 29% to over $1 billion, and revenue increasing 22% to $27.4 million,” Chief executive Andrew Goodwin (pictured) said.
Goodwin added that the result was “supported by a 68% increase in loan originations to a record $186.1 million, reflecting continued strong demand and consistent execution across both personal and secured vehicle loans.”
On the back of this momentum, Wisr has raised its FY26 loan origination guidance from 40%+ to 50%+ growth. The company continues to target Cash NPAT profitability in the second half of FY26, supported by revenue growth and disciplined cost-to-income performance.
That guidance comes as non-bank lenders continue to expand as a source of finance for housing and business borrowers, with RBA noting that strong growth in non-bank lending has been supported by favourable capital market funding up to early 2026, even though non-banks still account for only a small share of total financial system assets.
Quarterly revenue increased 22% year-on-year to $27.4 million, up 3% on the December quarter, underpinned by the expanding loan book. At the same time, portfolio yield eased to 10.99%, reflecting a shift toward higher credit quality borrowers and a greater share of secured vehicle loans, with net interest margin also slightly lower.
To counter higher funding costs driven by geopolitical factors, Wisr increased front-book pricing on new originations during the quarter, with the benefit expected to flow progressively through portfolio yield.
Credit metrics also improved, with the average loan book credit score rising to 808 and 90+ day arrears falling to 1.14%. Net losses declined year-on-year to 1.44%, in line with seasonal expectations.
Goodwin said this growth came alongside “continued improvement in credit performance, with 90+ day arrears decreasing 34 basis points to 1.14%, and net losses decreasing 55 basis points to 1.44%, demonstrating the effectiveness of our disciplined credit settings and robust arrears management framework.”
The lender also highlighted a series of digital initiatives for customers, including automated income verification and AI-driven settlement and collections tools, as well as a third consecutive WeMoney “Best Mobile Experience” award.
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