Wisr (ASX:WZR) reported loan originations of AU$93.5 million in the fiscal second quarter ended Dec. 31, 2024, up 77% from AU$52.9 million last year, according to a Thursday filing with the Australian bourse.
Quarterly revenue from operations increased to AU$22.8 million from AU$22.5 million year on year, due to improvement in the portfolio yield.
The company's loan book grew to AU$757 million, up from AU$753 million last quarter, with net losses decreasing to 1.72% from 2.06% quarter on quarter due to an increasing proportion of secured vehicle loans in the portfolio, the filing said.
Shares of the company fell 11% in recent Thursday trade.
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