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LEI : 213800N WMK304UWP9N91 9th December 2021 HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 LendInvest plc ( LSE : LINV ; the " Company " or the " Group " ) , a leading technology driven asset manager for property finance in the UK , is pleased to announce its unaudited results for the six months ended 30 September 2021 . Exceptional performance with record first half profits , continued strategic progress Lend Invest plc Assets under management ( Platform AuM ) ( £ m ) ¹ Funds under management ( FuM ) ( £ m ) ¹ Platform Revenue ( £ m ) ¹ Gross profit ( £ m ) Profit from operations ( £ m ) Unaudited Financial Highlights : 6 month period ended 30 September 2021 1,825.9 2,875.2 72.4 26.5 9.5 13.4 6 month period ended 30 September 2020 10.2 1,386.2 2,056.0 56.4 Adjusted EBITDA ( £ m ) ¹ Profit before tax ( £ m ) Diluted earnings per share¹ 6.4 ( 0.4 ) 1 See Glossary for an explanation of these terms and their reconciliation , where relevant , to IFRS measures 17.6 2.0 4.8 ( 0.2 ) Growth 32 % 40 % 28 % 51 % 375 % 179 % Platform AuM increased 32 % to £ 1.8bn ( 30 Sep 2020 : £ 1.4bn ) , driven by a 66 % increase in Buy - to - Let ( " BTL " ) assets since the prior interim period FuM increased 40 % to £ 2.9bn ( 30 Sep 2020 : £ 2.1bn ) as the Group secured a £ 725m separate account agreement with J.P. Morgan and completed its third residential mortgage - backed securitisation ( " RMBS " ) of £ 280m BTL loans in June 2021 Platform Revenue increased 28 % to £ 72.4m ( 30 Sep 2020 : £ 56.4m ) and gross profit increased 51 % to £ 26.5m ( 30 Sep 2020 : £ 17.6m ) reflecting higher fees and interest income generated as a result of the increase in Platform AuM Adjusted EBITDA increased 179 % to £ 13.4m ( 30 Sep 2020 : £ 4.8m ) , driven by continued operational leverage and efficiency from technology investment Profit before tax increased significantly to £ 10.2m ( 30 Sep 2020 : loss before tax £ 0.2m ) . This improved due to the growth in Platform Revenue and the Adjusted EBITDA , in addition to profits arising from the completion of our third securitisation and the transfer of a £ 100m portfolio of BTL assets to J.P. Morgan under the separate account ( the " J.P. Morgan Separate Account " ) agreement Diluted earnings per share increased significantly to 6.4 pence per share ( 30 Sep 2020 : 0.4 pence loss per share ) as a result of our increased profits