Orchard Funding (ORCH.L) has traded strongly in FY25 (July) YTD, with the insurance premium funding business driving revenue growth. The Group benefitted from higher margins and a reduction in expected credit loss (ECL), and management now expects FY25 PBT to be materially ahead of existing market expectations (ACLe: £2.9m). Consequently, forecasts have been upgraded for the second time in three months. Key changes to FY25 and FY26 forecasts include higher gross margins and lower ECL provisions. ....
