Business Performance - The company achieved revenue of approximately £204 million for FY 2025, representing a 28% year-on-year increase, and profit before tax of around £20 million, significantly up from £3 million in FY 2024, surpassing market expectations of £191 million and £17 million respectively [1] - Total credit extended for the year reached £2.5 billion, a 29% increase from FY 2024, with balances under management at £3.0 billion, up from £2.8 billion in FY 2024 [1] Strategic Growth - The Term Loans business saw originations grow to £1.6 billion, up from £1.4 billion in FY 2024, while loans under management remained stable at £2.8 billion, indicating new lending outpaced the amortization of legacy Covid loans [2] - The company signed four forward flow agreements totaling £2.0 billion, contributing to a strong funding pipeline [2] Product Innovation - Significant growth was observed in the FlexiPay and Cashback credit card segments, with transactions for the year amounting to £815 million, up from £491 million in FY 2024, and balances under management increasing to £206 million from £119 million [3] Capital Return - The company announced a third share buyback program in May 2025, with up to £25 million allocated, and has already repurchased 16.5% of its issued share capital [4] Leadership Commentary - The CEO expressed satisfaction with the strong performance, highlighting record customer engagement and the achievement of the medium-term revenue target a year ahead of schedule [5] - The strategic transformation initiated in 2024 is focused on profitable, multi-product growth in the UK, leveraging a capital-light business model and proprietary technology to meet customer demand [6] Market Position - Despite macroeconomic challenges, the company continues to experience strong demand, with product innovation opening new customer segments and use cases [7] - Funding Circle is recognized as the UK's leading SME finance platform, having extended over £17 billion in credit to more than 125,000 UK businesses since its inception in 2010 [9]