Compared to last year, this is up from an EBITDA loss of £389,000 and the average monthly losses in 2022 were £897,000. This decreased to £385,000 in the first five months of the year.
Habito said annualised losses in 2023 were expected to be £2m in 2023, down from £10.7m in 2022.
The company was launched in 2016 and has helped more than 500,000 people to “understand their mortgage needs” and submitted over £10bn of mortgages.
The broker said it was on-track to reach “full-year profitability” by the end of next year.
Ying Tan (pictured) joined the broker firm as chief executive in June this year, taking over from Daniel Hegarty, and led an earlier funding round by exiting investors Augmentum Fintech, SBI Investment, Volution and Bootstrap Europe.
The company said since Tan’s arrival, the focus had been on a “fast track route to profits and sustainable growth rather than expansive and loss-making growth plans”.
Tan said: “Since investing and joining Habito as CEO in May I have been blown away by the dedication and hardwork of the team. The passion for the brand and delivering stellar service for our customers is plain to see, this is ratified by our excellent five-star Google and Trustpilot reviews.
“Our customers are at the heart of all we do, and we are on a mission to improve their financial wellbeing and transform their relationship with property and mortgages.”
He added: “I believe we are the stand-out player in mortgages and tech, and we’re firing on all cylinders to achieve our bold and big ambitions. It is a long road ahead and the market conditions are challenging but we are very much on the right trajectory.”
