Manchester-based Distribution Finance Capital Holdings plc (DF Capital), a specialist bank providing financial solutions for manufacturers, dealers and distributors, said new loans advanced to customers in 2025 rose 27% to £1.83 billion, driving a record closing loan book of £846 million, up 27%.
The bank also reported a record number of borrowers, up 14% to 1,522, with 109 manufacturer partners (2024: 88).
Adjusted profit before tax increased 26% to £18.1 million “driven by increasing net income and strong cost control with cost to income ratio falling to 57% (FY24: 59%).”
Gross revenue rose 19% to £90.9 million and net income increased 23% to £56 million.
“The group celebrated its fifth year as a bank in September 2025 and now has completed its fourth year of profitability, underpinned by year-on-year scaling of its lending franchise …” said the bank.
“This strong capital position also allows the group to consider incremental strategic opportunities as they arise as well as returns of capital to shareholders by way of share buybacks or dividends.
“Subject to regulatory approval at the appropriate time, the board expects to initiate its first dividend following the year ending 31 December 2028.”
DF Capital CEO Carl D’Ammassa said: “I’m proud of these outstanding results, undoubtedly our best year so far. We have delivered on our financial targets, exceeding expectations in almost all areas, launched new products and services, continued to invest in technology and delivered record breaking results.
“We’ve launched our new asset finance product through our ‘DFRNT’ brand, built from the ground up to provide customers with a first-class digital experience. Momentum will build in this new area through 2026 as we tap into annual sales of over £10bn across our existing manufacturer and dealer base.
“The market opportunities ahead of us as a multi-product lender, whilst always being committed to the niche segments in which we operate, are significant.
“We have all the tools in our armoury to deliver on our ambitious medium-term objectives through to 2030, building on these exceptional 2025 results. The foundations are all in place and I’m excited for the group’s future prospects.”