RE: Positive RNS9 Jul 2025 08:50
Considering the "very, very, very strong start of the year with all records being broken" mentioned by Judit at the beginning of 2025, these 1H results are disappointing, significantly below my expectations considering all the new revenues streams that came online during 1H (cards, Canada, Emirates).
At this point it becomes even more important imho the strategy for further expanding the business (new jurisdictions, new monetizable products) in order to diversify business risk from the overall economic environment which is against Finseta at the moment and for the foreseable future.
A bullish 2H expecation carries now a lighter weight after 1H results landed short of expectations.
Don't expect the SP to go anywhere for the time being (maybe a little further down after today's major selloff) until FY results or unless of some major news releases. Growth now seems to have normalized to a 15-30% y-o-y which doesn't command the multiple that FIN was trading last year when growth was well above 50% y-o-y.
Things may just be delayed as per the update, but i don't think there's enough confidence right now to push SP higher.
Just mho