Time Finance PLC - Notice of Trading Update
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 by virtue of the European Union (Withdrawal) Act 2018. The
information is disclosed in accordance with Cavendish's obligations under Article 17 of the UK MAR.
Upon the publication of this announcement, this inside information is now considered to be in 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.
For further information, please contact:
Time Finance plc
Ed Rimmer, Chief Executive Officer
James Roberts, Chief Financial Officer
CavendishCapital Markets (NOMAD and Broker)
Ben Jeynes / Dan Hodkinson(Corporate Finance)
Michael Johnson / George Budd/ Charlie Combe(Salesand
ECM)
Walbrook PR
Nick Rome/ Joe Walker
01225 474230
0207 220 0500
0207 933 8780
Timefinance@walbrookpr.com
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of
this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy
Policy.
END
NORTRMMTMTITBPA
Share your feedback
Discover