DF Capital reports record results for the six months ended 30 June 2025
DF Capital (“The Bank”), the specialist bank providing working capital solutions to dealers and manufacturers across the UK, today announced another record half year financial performance, delivering double-digit growth, launching a new asset finance product and strengthening its dealer and manufacturer partnerships.
Record lending and robust credit quality mark strong half year results
DF Capital has delivered a robust first half, reporting a profit before tax of £9.0m, up approximately 20% on the comparable period last year (H1 2024: adjusted PBT £7.5m). Revenue grew strongly to £43.3m, (H1 2024: £37.9m), reflecting continued momentum across the business.
The Bank achieved record new lending of £828m, up around 17% on H1 2024 (£710m), driven by strong demand across its core markets and continued expansion into adjacent sectors. The loan book reached £728m at the period end, representing growth of approximately 21% on the prior year, underpinned by disciplined lending and high-quality origination.
DF Capital now works with 97 manufacturer partners and 1,491 dealers across the leisure, marine, specialist automotive, industrial, and transport sectors, with total dealer loan facilities reaching £1.4bn.
Retail deposits also grew strongly, reaching £688m across approximately 15,500 accounts (H1 2024: £579m), reflecting growing customer confidence and engagement.
Overall, DF Capital’s first-half performance highlights the strength of its lending model, disciplined growth strategy, and ongoing commitment to supporting its dealer and manufacturer partners.
New asset finance product expands addressable market
During the period DF Capital gained regulatory approval for its new asset finance proposition and has already onboarded more than 75 dealers and has made the first loans. This extends the bank’s support beyond inventory finance, enabling dealers’ customers to finance purchases directly and opening a much larger addressable market.
The platform is fully digital, enabling straight through processing while allowing for personalised ‘human touch’ when needed. Purpose-built for scalability and full regulatory compliance, it delivers a clear point of differentiation in a competitive market.
With an estimated £10bn addressable market within its existing dealer network, the Bank is initially focusing on the Leisure sector before expanding into other markets.
Ongoing momentum underpins confidence in future growth
The Bank expects its loan book to finish the 2025 financial year between £750m and £800m, in line with previous guidance. With its current funding and support from government and banking facilities, the Bank already has capacity to lend around £950m and a clear route to growing its loan book to about £1.3bn without needing to raise extra shareholder funds.
Carl D’Ammassa, chief executive officer, commented: “The Group has made great progress in achieving our strategic ambitions and enjoyed another period of growth which underpins the significant increase in overall profitability. We continue to scale the bank efficiently and the launch of our asset finance product will significantly expand our addressable market opportunity whilst also deepening our relationships with manufacturer and dealer customers in the sectors we currently serve. With this fuller
suite of products and services, DF Capital has an abundance of opportunities to grow lending. The foundations are now in place upon which we can build our medium-term growth plans.
“Given the progress during the period, we expect full year results to be materially ahead of current market expectations, supporting the pace of our journey to deliver on the medium-term targets we laid out at the start of the year including ending FY28 with a loan book of c£1.3bn and a mid-teens return on equity.”
An overview video of the results by CEO Carl D’Ammassa is available to watch on the company’s website: https://www.dfcapital-investors.com/