Vanquis Banking Group (LSE:VANQ) has revised the presentation of its 2024 financial results to align with changes in statutory reporting and reflect its streamlined business structure. Key updates include the discontinuation of adjusted income statement reporting and a reallocation of interest income and expenses by product line. These changes are intended to enhance the clarity and transparency of the company’s financial disclosures, enabling investors and stakeholders to better assess its operational performance.

Importantly, these reporting adjustments do not affect the company’s overall financial results for 2024. Vanquis has also reaffirmed its financial guidance for 2025, maintaining a stable outlook despite ongoing profitability pressures. While valuation concerns remain, they are offset by a strong dividend yield and improved cash flow. Technical indicators show upward momentum, though caution is advised due to signals of a potentially overbought market. Recent insider buying by the CFO adds a further note of confidence in the company’s forward prospects.

About Vanquis Banking Group

Vanquis Banking Group is a UK-based specialist lender offering a range of financial services, including credit cards, vehicle finance, and second charge mortgages. The company is committed to delivering straightforward, transparent financial solutions tailored to underserved segments of the market.

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