RE: Reverse takeover6 Aug 2025 18:44
Yes, **Everfex** is a profitable Polish FX brokerage company, as evidenced by its recent financial performance and growth metrics. Here’s a detailed breakdown based on the search results:
### **Key Financial Highlights**
1. **Profitability**:
- Everfex reported **£600,000 profit before tax** for the four-month period ending **30 April 2025**, according to unaudited results .
- Its parent company, **Stały Kurs** (acquired by Everfex in January 2025), demonstrated consistent year-on-year growth in revenue and profitability, driven by SME client expansion and operational efficiency .
2. **Revenue Growth**:
- Everfex executed **over $1 billion in spot, swap, and forward contracts** in 2024 .
- Its **SME client base grew by 1,300% in 2024**, indicating rapid market traction .
3. **Business Model**:
- Focuses on **currency hedging solutions** for Polish SMEs exposed to PLN fluctuations (e.g., import/export businesses). A case study with **Kredania-Polska** showcased how Everfex stabilized profit margins by locking in USD/PLN rates for long-term contracts .
- Plans to expand into **regulated FX payment services**, further diversifying revenue streams .
4. **Recent Acquisition**:
- **Fiinu Plc** (a UK-based firm) proposed acquiring Everfex for **up to £12 million**, with £8 million paid upfront in shares and an additional £4 million tied to performance milestones by 2026 . This underscores investor confidence in Everfex’s profitability and scalability.
### **Conclusion**
Everfex is not only profitable but also **growing rapidly**, leveraging Poland’s SME market and strategic acquisitions like Stały Kurs. Its pending acquisition by Fiinu highlights its financial health and potential for further expansion .
For more details, refer to Fiinu’s announcement [here](https://www.investegate.co.uk/announcement/rns/fiinu--bank/proposed-acquisition-subscription-and-suspension/9032863) or Everfex’s case studies [here](https://www.linkedin.com/posts/karol-oleksa-0b1116128_real-world-impact-case-study-kredania-polska-activity-7281573140101517312-JOA8).
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