Vanquis 1H26 profit before tax rises 44% to £8.9 million; revenue increases 8% to £237.5 million

• Vanquis posted a 44% rise in statutory profit before tax from continuing operations to £8.9 million, absorbing an £8.5 million IFRS 9 macroeconomic impairment provision increase.
• Total income rose 8% to £237.5 million, while net interest margin narrowed 2.4 percentage points to 15.0% on mix shift and lower card utilization.
• Impairment charges climbed 35% to £102.4 million, though cost of risk stayed controlled at 7.0% and operating costs fell 8% to £126.2 million.
• Gross customer interest-earning balances grew 8% to £3.05 billion, driven by second charge mortgages, while CET1 ratio eased to 15.6%.
• All credit card customers migrated to the new mobile app; FY26 guidance kept balances above £3.3 billion, dividend targeted for FY26 results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vanquis Banking Group plc published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.