Allica Bank reports record 2025 results with profit up 34%

Allica Bank has reported record financial results for 2025, marking its third consecutive year of profitability and continued growth across its SME lending and banking proposition.

Underlying pre-tax profit increased 34% to £43.7m (FY24: £32.5m), despite £30m of strategic investment in products and go-to-market activity.

Gross profit after risk rose 32% to £145.3m (£110.2m), while gross revenue increased 27% to £371.3m (£293.1m).

Total lending grew 23% to £3.7bn (£3.0bn), with growth across all core products, including:

• Commercial mortgages up 35% to £2.4bn
• Asset finance up 19% to £507m
• Growth finance up 127% to £171m
• Bridging finance up 85% to £121m

Customer deposits increased 29% to £5.7bn (£4.4bn), while active Business Rewards Account customers rose 133% to over 14,000.

Allica advanced more than £1.3bn in new SME lending during the year, marking its second consecutive year exceeding £1bn in annual lending.

The bank also launched a “bridge-to-term” product, strengthening its bridging proposition and creating further alignment with its wider commercial property lending.

Alongside financial growth, Allica accelerated investment in its proprietary technology platform, expanding the use of AI across the business to support faster decision-making and improved customer outcomes.

The bank has now reached over 6% penetration of the established SME market and is targeting 10% by 2028, supported by a recent $155m Series D funding round.

Richard Davies, CEO of Allica Bank, said:

“2025 was our strongest year yet. We delivered a 34% increase in underlying pre-tax profit while continuing to invest in our technology and proposition.

The number of established SMEs choosing Allica as their primary bank has more than doubled, demonstrating strong demand for our full-service model.

We are entering a new phase where our proprietary technology and AI capabilities give us a structural advantage in SME lending.”

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