Vanquis Banking Group plc released its first-quarter trading statement for 2025, highlighting a return to profitability and growth in gross customer interest-earning balances. The Groups CEO, Ian McLaughlin, attributed this performance to their strategic delivery, well-controlled operating costs, and robust credit quality. The Group also welcomed the revised Financial Ombudsman Service (FOS) fee structure, which reduced unmerited CMC complaint referrals. Key financial metrics include a 0.2% quarterly growth in gross customer interest-earning balances (£2,313 million), a 1.0% increase in net receivables (£2,176 million), a stable net interest margin (NIM) of 17.8%, and a Tier 1 capital ratio of 18.8%. Vanquis strengthened its platform with a new IT platform for centralized customer data, a 10% increase in active Snoop users, and progress on the Gateway transformation. Complaint costs were in line with expectations, and Vanquis continues to engage with regulators regarding industry-wide complaint challenges. The Group is also awaiting the outcome of a Supreme Court appeal regarding motor finance commission disclosure practices, for which it has recognized a contingent liability.