Solvar (ASX: SVR) — Company Overview, News & Financial Data
Solvar is an Australian non-bank provider of consumer and commercial finance, offering secured and unsecured loans to excluded customers.
Solvar
Solvar is a provider of automotive and personal finance operating across Australia and New Zealand. The company specialises in providing flexible secured and unsecured vehicle loans and personal finance solutions to consumer and commercial customers, particularly those underserved by traditional banking institutions. Operating through established consumer lending brands, Solvar manages a consumer loan portfolio funded through diversified debt facilities. Its operating units deliver automotive finance, commercial vehicle loans, and personal lending products via direct online channels and an extensive broker network across its core geographical markets.
Snapshot
Operations
Products and/or services of Solvar
- Automotive Loans: Secured consumer vehicle loan products providing flexible financing for new and used automobiles, commercial vans, motorbikes, and caravans to borrowers across Australia through direct online channels and nationwide finance broker networks.
- Personal Loans: Fixed-rate secured and unsecured personal financing solutions offered to individual consumer borrowers across Australia for debt consolidation, vehicle repairs, medical bills, and general personal expenditure through streamlined online approval workflows.
- Commercial Vehicle & Equipment Financing: Tailored loan structures and credit facilities designed for small to medium enterprises, sole traders, and self-employed business owners purchasing light commercial vehicles and business equipment across Australian capital cities and regional centers.
- New Zealand Automotive Finance: Dedicated consumer vehicle loan origination and loan servicing operations delivering customized automotive financing solutions to personal vehicle buyers across New Zealand through independent motor vehicle dealership networks and online channels.
- Digital Finance Platforms: Technology-enabled consumer lending portals providing automated credit scoring, customized risk-based loan pricing, electronic document verification, and digital customer onboarding for personal loan and automotive financing applicants across target consumer demographics.
- Broker & Dealer Distribution Network: Point-of-sale financing origination infrastructure partnering with accredited finance brokers and motor vehicle dealerships across Australia and New Zealand to originate secured automotive and commercial equipment loan portfolios.
Solvar executive team
- Scott Joseph BaldwinCEO, MD & Executive Director
- Siva SubramaniChief Financial Officer
- Pushkar PendseChief Operating Officer
- Simon HinsleyHead of Investor Relations
- Tessa GeorgisHead of HR, People & Culture
- Zoe SmithChief Risk Officer
- Michael SapountzisCompany Secretary
Latest news about Solvar
Recent announcements
What Solvar (SVR) has told the market, newest first.
- Change in substantial holding
- Change of Director's Interest Notice
- Update - Notification of buy-back - SVR
- Update - Notification of buy-back - SVR
Dividend history
Dividends per share paid by Solvar , by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2027(to date) | A$0.0850 | — | — | A$0.0850 |
| FY2026 | A$0.0800 | A$0.0250 | — | A$0.1900 |
| FY2025 | A$0.0500 | A$0.0600 | — | A$0.1100 |
| FY2024 | A$0.0900 | A$0.0500 | — | A$0.1400 |
| FY2023 | A$0.0700 | A$0.0750 | — | A$0.1450 |
Key financials
Reported results for Solvar , in AUD.
- Market cap
- 261M
- Revenue (TTM)
- 96.9M
- P/E ratio
- 9.3
- EPS (diluted, TTM)
- 0.1
- Dividend yield
- 8.6%
- Profit margin
- 30.4%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 193.4M | 92.7M | 29.5M | |
| 4.2M | 44.7M | 31.4M | |
| 220.7M | 38.3M | 17M | |
| 209.3M | 66.6M | 47.6M |