Time Finance PLC Notice of Trading Update
27 Février 2025 - 1:00PM
RNS Regulatory News
RNS Number : 7333Y
Time Finance PLC
27 February 2025
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the retained EU law version of the Market Abuse
Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law
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information is disclosed in accordance with Cavendish's obligations
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the public domain.
27 February 2025
Time
Finance plc
("Time
Finance", the "Group" or the "Company")
Notice of
Trading Update
Full-year results now
expected to be ahead of market expectations
Time Finance plc, the AIM listed
independent specialist finance provider, announces that it has
continued to enjoy positive trading momentum throughout the first
nine months of the 2024/25 financial year ("FY25") and confirms
that the Company will provide its planned trading update in respect
of Q3 FY25 on Tuesday 25 March 2025.
This positive momentum year-to-date
includes record revenues, fifteen consecutive quarters of lending
book growth, and arrears remaining well controlled. As a result,
the Board is confident that Group performance for FY25 will be
ahead of current market expectations1 which were
previously raised in November 2024. Following continued strong
performance, Revenue and Profit Before Tax for FY25 are now
expected to not be less than £36.0m and £7.5m
respectively.
1 FY2024/25 market
expectations as at the date of this announcement of £35.1m of
revenue and £7.2m of profit before tax.
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For
further information, please contact:
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Time Finance plc
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Ed Rimmer, Chief Executive
Officer
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01225
474230
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James Roberts, Chief Financial
Officer
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Cavendish Capital Markets (NOMAD and
Broker)
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0207
220 0500
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Ben Jeynes / Dan Hodkinson (Corporate
Finance)
Michael Johnson / George Budd
/ Charlie Combe (Sales and ECM)
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Walbrook PR
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0207 933
8780
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Nick
Rome / Joe Walker
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Timefinance@walbrookpr.com
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About Time
Finance:
Time Finance's purpose is to help UK
businesses thrive and survive through the provision of flexible
funding facilities. It offers a multi-product range for SMEs
concentrating on Asset, Loan and Invoice Finance. While focussed on
being an 'own-book' lender, the Group does retain the ability to
broke-on deals where appropriate, enabling it to optimize business
levels through market and economic cycles.
More information is available on the
Company website: www.timefinance.com
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END
NORTRMMTMTITBPA
Time Finance (LSE:TIME)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Time Finance (LSE:TIME)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
