CORRECT (Nov 10): Funding Circle upgrades annual revenue guidance
(Clarifying Funding Circle's 2026 profit guidance.)
(Alliance News) - Funding Circle Holdings PLC on Tuesday upgraded its full-year expectations, citing resilient demand from small and medium-sized enterprises, alias SME.
The London-based lender to small and medium businesses expects 2026 revenue of at least GBP275 million, 7.8% higher than its previous guidance of GBP255 million, as well as up 35% from GBP204.3 million in 2025, which had been 28% higher than GBP160.1 million in 2024.
Further, Funding Circle said it anticipates "profit margins" of around 16% for 2026, without specifying the specific profit measure. Funding Circle had a 9.9% pretax profit margin in 2025.
The company said its previous guidance for 2026 pretax profit was "more than" GBP40 million, which would be nearly doubled from GBP20.3 million in 2025. It did not update this specific guidance on Tuesday, though a 16% pretax profit margin on GBP275 million in revenue would be GBP44 million.
Chief Executive Officer Lisa Jacobs said: "We've carried the strong momentum seen in the first half of 2026 into the autumn, and SME demand has remained resilient despite continued macro uncertainty. As a result, we are upgrading our FY26 expectations."
Shares in Funding Circle were up 3.4% to 242.00 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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