UK's Cavendish Financial FY26 revenue rises slightly on equity trading strength

Cavendish

01/04/2026 07:13

Overview

UK investment bank reported FY26 revenue up slightly yr/yr, remained consistently profitable

Net cash balances fell to £19.2 mln, with strong, debt-free balance sheet maintained

Company added 27 new clients, with net positive client movement in second half

Outlook

Cavendish expects a strengthening pipeline and higher recurring retainers in FY27

Company sees stronger equity distribution and regional offices capturing higher-value deal flow

Company cites geopolitical risks and market uncertainty as potential headwinds for outlook

Result Drivers

EQUITY MARKETS - Robust performance in public markets, supported by MHA IPO and increased contribution from equity trading and investment companies

CLIENT ORIGINATION - Increased focus and investment in client origination led to addition of 27 new clients and net positive client movement in second half

PRIVATE MARKET FEES - Private market revenues declined due to smaller average deal sizes, but underlying deal economics improved with higher median fees

Company press release: ID:nRSA9437Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 56 mln
GBP 55.60 mln (1 Analyst)

Analyst Coverage

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)