Vida Group Holdings Limited, a leading financial services group, announced its interim financial results for the first half of 2025 today. The Group reported a strong financial performance, improved funding strength, and a decrease in risk.
According to the report, there were several key highlights in the first half of 2025 compared to the same period in 2024. These include a profit before tax of £10.7 million, a significant increase from the £1.9 million reported in 2024. Gross mortgage lending also saw a significant increase, rising to £348 million from £165 million in the first half of 2024. The Group’s net interest margin also improved to 2.13%, up from 1.73% in 2024. Operating income also saw a significant increase, rising to £30.8 million from £18.6 million in the first half of 2024.
In addition to the financial performance, Vida also saw strategic progress in the first half of 2025. With its new retail deposit franchise, the Group was able to reduce its dependence on wholesale funding and asset encumbrance. The average cost of funds also decreased to 1.05% over SONIA, compared to 1.46% in 2024. Vida also saw an increase in gross mortgage lending, with an additional £128 million in retention lending. To further improve its balance-sheet flexibility, the Group completed a £250 million securitisation.
Despite these investments in growth and technology, Vida was able to improve its operating efficiency, with a cost-to-income ratio of 63%, compared to 91% in the first half of 2024. The Group also maintained strong credit quality, with loans >90 days in arrears at only 2.3%. Provisions also increased modestly in line with prudent risk management.
Looking ahead, the Board of Vida expects continued momentum in deposits, diversified funding, and disciplined lending growth. The Group’s key priorities include expanding its retail deposit franchise, scaling mortgage origination, maintaining a wholesale funding presence, driving cost efficiency and digital delivery, and maintaining strong liquidity and capital resilience.
Despite the uncertain macroeconomic outlook, the Board is confident that Vida is well positioned to build on its strengthened capital and funding platform. Chief Executive Officer Anth Mooney stated, “This was a strong first half for Vida, reflecting the benefits of our new banking licence, a more diversified funding base, and continued operational discipline. Our strategy of disciplined growth is delivering results, and we are well positioned to build on this success in 2026.”
