S&U (SUS) Q3 2026 TU earnings summary

Executive summary

• Group profit at the end of the third quarter continues to exceed budget, with strong trading momentum, especially in the motor finance segment.

• Net receivables have grown to approximately £491m, up from £447m in 2024, accelerating month by month.

• Regulatory clarity and the end of FCA's s166 process have contributed to a firmer motor finance market.

Financial highlights

• Group net receivables reached c. £491m, up from £447m in 2024.

• Advantage's net receivables increased 14% on the previous quarter to c. £318m.

• Aspen's net receivables rose from £148m at half year to c. £173m.

• Group net borrowings increased to £241m from £180m at the half year.

Outlook and guidance

• The company anticipates minimal impact from the commission redress scheme on current trading.

• Both Advantage and Aspen are expected to continue their strong performance, supporting good shareholder returns in the coming years.