Together Financial Services Limited, the Cheadle, Cheshire-based non-bank relationship lender, announced its results for its second quarter, ended December 31, 2025, saying its group net loan book increased to £8.1 billion, up 5.6% on Q2 of 2025.

Together Financial reported average monthly lending of £300.6 million, up 6.1% on Q2 of 2025.

Underlying quarterly profit before tax rose 6.5% to £59.3 million.

“Arrears continue to improve at 5.2% (Q2‘25: 5.7%; Q1‘26: 5.5%) …” said the firm.

“Interest receivable and similar income of £218.7m, down 0.7% on Q2’25 (£220.2m) and up 0.1% on Q1’26 (£218.5m).

“Underlying net interest margin remains attractive at 5.3% (Q2’25: 5.4%; Q1’26: 5.3%), driven by our successful product pricing and funding strategy …

“Underlying profit before tax of £59.3m, up 6.5% on Q2’25 (£55.7m), and up 6.5% on Q1’26 (£55.7m) as the Group continues to grow its loan book whilst focusing on cost control.

“Underlying cost to income ratio remaining low at 29.9% (Q2’25: 32.2%; Q1’26: 30.4%)

“Cash receipts of £952.3m (Q2’25: £913.4m; Q1’26: £902.5m) following a strong quarter for redemptions.”

Together Financial CEO Richard Rowntree said: “We are pleased to report another strong quarter, with robust originations driving our loan book to a new high, supported by an attractive net interest margin and a continued increase in underlying profit before tax.

“We continued to execute our strategic plan at pace, advancing our transformation programme, enhancing our Board and maintaining our funding momentum, demonstrating both the strength of our platform and the confidence of our partners.

“I am equally proud that our team’s expertise and commitment were recognised through several industry awards, reflecting our focus on supporting our customers and delivering sustainable growth.

“Looking ahead, while we remain mindful of the ongoing economic headwinds facing the UK, with a successful 52-year track record and strong structural demand in our market, we are well positioned to help customers achieve their property ambitions and create long-term value for our stakeholders.”