Guernsey's Duke Capital FY26 cash revenue rises 7%

Duke Capital

Today 07:12

Overview
Guernsey hybrid capital provider's FY26 cash revenue rose 7% yr/yr
Adjusted earnings for FY26 fell 10% due to absence of full investment exit
FY26 free cash flow rose 13%, driven by revenue growth and cost control

Outlook
Duke expects recurring cash revenue of £7.0 mln in Q1 FY27
Company sees macro uncertainty and persistent inflation likely to continue through FY27
Duke says growth in the portfolio is a lower-probability outcome in the near term

Result Drivers
FOLLOW-ON INVESTMENTS - Co deployed £21 mln into existing capital partners to support acquisitions and growth, reflecting a focus on portfolio support over new investments
COST DISCIPLINE - Operating expenses rose 4% to £4.4 mln, supporting free cash flow growth despite challenging conditions
REDUCED FAIR VALUE LOSSES - Profit after tax rose due to a lower drag from non-cash fair value decreases across the investment portfolio

Company press release: ID:nRSR7426Ia

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Cash Revenue
 
GBP 28.60 mln
 
FY Adjusted Net Income
 
GBP 13.90 mln
 
FY Free Cash Flow
 
GBP 14.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Duke Capital Ltd is GBp43.00, about 60.7% above its June 17 closing price of GBp26.75
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)