S&U (SUS) Q2 2026 TU earnings summary

Executive summary

• Profitability resurgence is materializing, expected to gain momentum in H2 2025.

• Supreme Court decision on motor finance commissions adds confidence and stability to markets.

• Both motor and property finance segments are experiencing improved trading conditions.

Financial highlights

• Advantage Finance advances exceeded budget at £70.6m at half year.

• Aspen Bridging posted record advances of £28.6m in July and £106.4m for the half year, up 15% year-over-year.

• Aspen's collections reached £108.6m for the half year, 49% higher than 2024.

Outlook and guidance

• Profitability resurgence is expected to accelerate in the second half of the year.

• Growth in both businesses is forecast to require additional funding within two years.

• Management expresses optimism for steady, sustainable growth post-pandemic.