DJ Funding Circle Plc: TST- Full Year 2024 Trading Update
Funding Circle Plc (FCH)
Funding Circle Plc: TST- Full Year 2024 Trading Update
14-Jan-2025 / 07:00 GMT/BST
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14 January 2025
Funding Circle Holdings plc
Full Year 2024 Trading Update
Funding Circle Holdings plc ("Funding Circle" or the "Group"), the UK's leading SME lending platform, is pleased to
provide a trading update for the full year ended 31 December 2024.
Business Performance
Building on the strong half-year results published in September 2024, the Group delivered a good performance in the
second half of the year, consistent with the Board's expectations. Accordingly, we expect to deliver positive Group
profit before tax for the full year in line with the upgraded guidance as set out in September 2024 and we remain on
track with our medium term guidance.
Funding Circle's results for the full year ended 31 December 2024 will be published on 6 March 2025.
Capital Return Update
In October 2024, the Board announced a further GBP25m share buyback programme which is expected to be completed in Q2
2025. To date, approximately GBP10m of ordinary shares have been repurchased and cancelled.
Lisa Jacobs, Funding Circle CEO, says:
"Last March we set out a plan to be a simpler, leaner and profitable business whilst continuing to show strong growth.
We successfully completed the sale of the US business in July, have simplified the UK business and delivered on our
upgraded guidance. We enter 2025 well-placed to make further progress against our medium-term plan and help get finance
to even more SMEs."
For further details:
Funding Circle Holdings plc ir@fundingcircle.com
Lisa Jacobs, Chief Executive Officer
Tony Nicol, Chief Financial Officer
Headland Consultancy
Stephen Malthouse and Jack Gault (+44 20 3805 4822)
About Funding Circle:
Funding Circle (LSE: FCH) is the UK's leading SME lending platform. Its mission is to build the place where small
businesses get the funding they need to win. Funding Circle enables small businesses to access funding - offering an
unrivalled customer experience powered by data and technology. For institutional investors, Funding Circle provides
access to an alternative asset class in an underserved market, with robust and attractive returns. Globally, Funding
Circle has extended more than GBP16bn in credit to c.150,000 businesses.
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BG0TPX62
Category Code: TST
TIDM: FCH
LEI Code: 2138003EK6UAINBBUS19
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 370240
EQS News ID: 2066703
End of Announcement EQS News Service
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January 14, 2025 02:00 ET (07:00 GMT)
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