Aldermore Group’s profit after tax dropped by 24% to £141.1m for the financial year ending June 30, 2025. The decline was due to a £60.6m charge related to historical motor finance commissions, compared to £18.1m in the previous year. Despite this, total income rose by 2% to £600.4m.

CEO Steven Cooper highlighted the company’s resilient profitability and growth in lending balance. Customer lending increased by 8% to £16.60bn, while customer deposits grew by 5% to £17.04bn. The group maintained strong capital ratios, with the CET1 ratio improving to 16.1% before a dividend payout.

Aldermore Group remains focused on disciplined cost management and capital allocation to ensure long-term resilience and growth. The company’s performance was bolstered by strong lending growth and increased savings products. The group’s CET1 ratio stood at 14.9% after accounting for the dividend, exceeding its medium-term target range of 13% to 14%.

Read more at Yahoo Finance: Aldermore Group reports 24% decline in annual profits