RNS numbers25 Nov 2021 09:09
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=OBE
Highlights
Funds under management and administration ('FUMA') increased 141% to £765m as at 30 September 2021 (2020: £317m)
Revenue increased by 186% to £3.4m (2020: £1.2m) with growth across all areas of business
EBITDA £295k (2020: loss EBITDA £436k), profit before tax: £128k (2020: loss before tax of £514k)
Strong balance sheet with net assets of £3.7m (2020: £1.9m) including net cash of £1.5m (2020: £0.7m)
Further strengthening of key teams across fund management, compliance and operations
Considerable investment in wealth technology platform to greatly improve customer experience as it rolls out across client base
Oberon Capital completed 12 fundraises in the period, raising money for clients through IPOs and private placings
Current Trading and Outlook
Post period end, Oberon continues to experience strong growth across all divisions
FUMA continues to increase rapidly, achieved entirely through organic growth and client recommendation
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A number of corporate transactions are currently completing through Oberon Capital, supported by a strong future pipeline of deals. Oberon Capital is also increasing its retained client base through referrals from existing corporate clients
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Oberon expects to launch a number of funds and new products for clients in 2022, which will further add to our service offering and generate new revenue opportunities