What’s going on here?16 Dec 2025 06:55
So much for a good 2nd half! This has dropped from highs of 34p, not happy! Below is what was stated in the September RNS (interims). I don’t progress so a market update would be welcomed right now as this has drifted lower and lower….
Current Trading and Outlook
· Following the previously announced delays to some payment transactions in H1 2025, the Group has experienced an improvement in its USD-related business as FX rates normalise, albeit, to date, to a lesser extent than previously anticipated. As a result, the Board is taking a more cautious view of the full year and now expects to report year-on-year revenue growth for FY 2025 of c. 11%
· Cost discipline is being maintained and total operating costs are anticipated to be slightly lower than initially expected for FY 2025
· In the medium term, the strategic actions that the Group has taken position Finseta to substantially accelerate sales growth and increase profitability
James Hickman, CEO of Finseta, said: "This has been another period of significant strategic delivery for Finseta. We have invested in several initiatives that are diversifying our revenue streams and position us for sustainable growth. We are already experiencing the benefits of this strategy, which is set to accelerate our sales and increase our profit in the medium term. While our revenue growth has been constrained by global macroeconomic factors, particularly the impact on foreign exchange rates of US trade policy, it is pleasing to see more positive momentum as we progress through H2, albeit to a lesser extent than initially expected. In addition, we are particularly excited about the prospects for our Dubai operation, which is performing ahead of our expectations and will make an important contribution to our expected revenue growth for the full year. Accordingly, with the foundations of our business having been further enhanced, we remain confident in our ability to deliver sustained value for our shareholders."
BRV Capricorn