**SummaryInternational Personal Finance Plc Q3 2025 Trading Update**
International Personal Finance Plc (IPF) reported a strong third quarter for 2025, driven by robust consumer demand and the successful execution of its Next Gen strategy. Key highlights include
1. **Accelerated Growth**Customer lending grew by 14% in Q3, with standout performances in Mexico (+40% digital, +11% home credit), Australia (+25% digital), Romania (+20% home credit), and Poland (+17%). Overall lending growth stands at 12% year-on-year.
2. **Customer Base Expansion**Group customer numbers returned to growth, increasing by 2.3% year-on-year to 1.7 million, with over 40,000 new customers added in Q3.
3. **Net Receivables Growth**Closing net receivables rose by 14% to £1,007 million, surpassing £1 billion for the first time.
4. **Impairment Rate Increase**The annualised impairment rate increased to 9.8% (from 8.3% in H1) due to higher upfront charges associated with new product growth, particularly in digital and short-term lending.
5. **Strong Financial Position**The Group secured £58 million in bank facilities in Q3 and £141 million year-to-date, maintaining a well-capitalised balance sheet with £83 million in headroom.
6. **Strategic Progress**New products like credit cards, digital hybrid loans, and short-term lending are driving momentum, with Mexico and Australia leading growth.
7. **Outlook**IPF expects full-year results to align with half-year guidance, supported by strong momentum, excellent credit quality, and a robust balance sheet. The Group plans to reinvest in growth opportunities in Mexico, Australia, and digital platforms in 2026.
CEO Gerard Ryan emphasized the Group’s strong operational and financial performance, attributing success to the Next Gen strategy and employee commitment. IPF remains focused on advancing financial inclusion and delivering sustainable returns for stakeholders.
International Personal Finance Plc - Financials and Debt Comparison (Q3 2025 vs Q3 2024)
| Metric | Q3 2025 | Q3 2024 | Year-on-Year Change |
|---|---|---|---|
| Customer Lending Growth | 14% | N/A | Accelerated from previous year |
| Group Customer Numbers | 1.7 million (+2.3%) | ~1.66 million (est.) | +2.3% |
| Closing Net Receivables | £1,007m (+14%) | £883m (est.) | +14% |
| Annualised Impairment Rate | 9.8% | 8.3% | +1.5ppts |
| Bank Facilities Secured (Year-to-Date) | £141m (£58m in Q3) | N/A | £141m secured in 2025 |
| Headroom on Debt Facilities | £83m | N/A | N/A |
| Equity to Receivables Ratio | 52% | N/A | Above target of 40% |