The lender reported a profit before tax growth to £119.4m from £104.6m the same time last year — however, the firm’s H2 results for last year saw £148.5m in profit before tax.

Total customer lending increased 5% (£728m) from H1 last year to £15.7bn, compared with £14.9bn H1 2024: £14,983m), with the group driving targeted portfolio growth in sub-segments of the market which offer attractive, through-the-cycle returns.

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Net interest income of £297.1m decreased 1% (H1 2024: £301.3m), while other operating income reflects a loss of £1.3m (H1 2024: £7.0m loss), which the firm said was largely driven by the impact of fair value accounting adjustments on derivatives and other financial instruments used to hedge interest rate risk, with the adjustments H1 2025 resulting in a loss of £1.4m (H1 2024: £10.8m loss).

Aldermore’s total income has remained steady throughout the past three half year results with H1 2025 seeing the firm bring in £295.8m, while H2 2024 saw £291.5m and the first half of last year being £294.2m.

Commenting on the results, Steven Cooper, CEO at Aldermore Group said: “We’re pleased to have delivered another strong period of performance, driven by healthy underlying trading, and prudent management of our costs.

“We continue to focus on building our resilience and ability to navigate a still-challenging economic environment, with ongoing inflationary pressures.

“Although interest rates may decline further this year, they remain elevated, and we’re proud to have grown our lending to continue to support our customers, helping empower them to live their lives and successfully build their businesses.”