REG - Duke Capital - Trading and Operational Update

Duke CapitalAnnouncement

31/03/2025 07:15

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RNS Number : 7681C  Duke Capital Limited  31 March 2025

31 March 2025

Duke Capital Limited

 

("Duke Capital", "Duke" or the "Company")

 

Trading and Operational Update

 

Duke Capital Limited (AIM: DUKE), a leading provider of hybrid capital
solutions for SME business owners in Europe and North America, is pleased to
provide guidance on its trading for the fourth quarter of the financial year
ending 31 March 2025 ("Q4 FY25").

 

Trading Update

 

Based on current trading, Duke expects to achieve recurring cash revenue* of
£6.5 million in Q4 FY25. This represents a 12% year-on-year increase on Q4
FY24 (£5.8 million) and equal to the prior quarter, Q3 FY25, which saw the
Company deliver recurring cash revenue of £6.5 million.

 

Overview of quarterly revenue growth:

 

          Recurring Cash Revenue*  Total Cash Revenue**
 Q3 FY24  £6.3 million             £6.3 million
 Q4 FY24  £5.8 million             £10.2 million
 Q1 FY25  £6.3 million             £6.8 million
 Q2 FY25  £6.4 million             £6.8 million
 Q3 FY25  £6.5 million             £6.5 million

 

* Recurring cash revenue excludes exit premium receipts and cash gains from
equity sales

** Total cash revenue is monthly cash distributions from Duke's partners plus
exit premium receipts and cash gains from equity sales

 

 

Operational Update

 

In February, Duke completed a £1.9 million follow-on investment into BPVA
(Ireland) Limited to facilitate the acquisition of Pinta Crew Limited, an
Irish consultancy business specialising in helping Irish and international
organisations optimise their people, processes and resources.

 

Neil Johnson, CEO of Duke Capital, said:

 

"Despite the UK's stickier inflationary pressures, we are pleased to report
that we are on track to achieve a solid year-on-year increase in recurring
cash revenues for Q4 FY25. This performance reflects the strength of our
business model in navigating challenging market conditions, while our
follow-on investment in BPVA underscores our commitment to supporting our
portfolio. With a strong balance sheet, we are confident we can deliver
long-term, sustainable value for shareholders."

 

***ENDS***

 

For further information, please visit https://dukecapital.com/
(https://dukecapital.com/) or contact:

 

 Duke Capital Limited                                                    Neil Johnson / Charles Cannon Brookes / Hugo Evans  +44 (0) 1481 231 816

 Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)  Stephen Keys / Callum Davidson / Michael Johnson    +44 (0) 207 220 0500

 Canaccord Genuity Limited                                               Adam James / Harry Rees                             +44 (0) 207 523 8000

 (Joint Broker)

 SEC Newgate (Financial Communications)                                  Robin Tozer / Alice Cho / Olivia Hart               + +44 (0) 20 3757 6882 dukecapital@secnewgate.co.uk

 

 

About Duke Capital

 

Duke is a leading provider of hybrid capital solutions for SME business owners
in Europe and North America, combining the best features of both equity and
debt.

 

Since 2017, Duke has provided unique long-term financing which eliminates
re-financing risk and necessity for a short-term exit by providing a unique
'corporate mortgage' while also aligning its returns to grow with the success
of the business.

 

Duke is focused on generating attractive risk-adjusted returns for
shareholders and has a track record of achieving this across market cycles.
It's three investment pillars are capital preservation, attractive dividend
yield, and to provide upside upon exits.

 

Duke is listed on the AIM market under the ticker DUKE and is headquartered in
Guernsey.

 

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