REG - Fiinu PLC - Year-End Update

FiinuAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260105:nRSE6239Na&default-theme=true

RNS Number : 6239N  Fiinu PLC  05 January 2026

Information contained within this Announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 which forms part of English law by virtue of the European
Union (Withdrawal) Act 2018, as amended. Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

5 January 2026

 

Fiinu Plc

("Fiinu", the "Company" or the "Group")

 

Year-End Update

 

First Profitable Month Achieved & CEO Change in Poland

 

Fiinu Plc (AIM: BANK), the fintech group and creator of the Plugin
Overdraft®, announces a year-end operational update in respect of the Group,
including the achievement of its first profitable month and an update on
governance and legal matters relating to the Group's Polish subsidiary.

 

Group Profitability Milestone

Fiinu achieved its first ever unaudited, Group-wide net profitable month in
November 2025, including exceptional items. While the Board believes this
represents encouraging progress towards sustainable profitability, the Group's
financial performance may continue to vary from month to month.

 

This performance reflects operational and organisational changes implemented
across the Group, including management restructuring of the Polish subsidiary,
new business growth, and a renewed focus on cost discipline and operational
execution.

 

The Board considers this milestone to be an important validation of Fiinu's
strategy and operating model, and a foundation from which the Group can
continue to build sustainable commercial progress in the new year.

 

At the year-end the unaudited Group cash balance was approximately £5.34
million. The past few months' average monthly burn rate, without any unplanned
exceptional items, is under £200,000 per month.

 

Management Changes, Governance and SPA Claims

Since completion of the acquisition of Everfex P.S.A. ("Everfex"), Karol
Oleksa and Marta Oleksa have been replaced by a significantly more senior and
experienced executive leadership team, with Dr Marko Sjoblom appointed as
Chief Executive Officer and Adam Narczewski as a senior executive officer of
Everfex, acting under delegated authority from the CEO. The Fiinu Plc Board
considers these appointments to represent a material strengthening of the
subsidiary's executive capability, governance standards, and operational
oversight relative to the former management.

The Company has also served formal non-compete breach notices against Karol
Oleksa and Marta Oleksa, in respect of the non-compete obligations under
Share Purchase Agreement ("SPA") relating to the acquisition of Everfex. The
case is currently at the pre-trial stage.

These actions form part of a wider governance enhancement and regulatory
compliance programme, under which the previous CEO and Vice-President of the
Group's Polish subsidiary Everfex have been replaced. The Board believes
these measures are necessary to protect shareholder value, enforce contractual
and regulatory obligations, and ensure the Group is appropriately positioned
for its next phase of growth under strengthened leadership.

David Hopton, Chair of Fiinu Plc, commented:

"Fiinu completed the reverse takeover of Everfex with our re-admission to AIM
in August 2025. The Board and Executive then were able to move quickly to
review the systems and controls in place at Everfex in the final quarter of
the year seeking to ensure consistency with our high Group governance
standards and with local laws and regulations in Poland. As the Executive and
Board undertook this work it became apparent that changes in the management
structure were likely to accelerate the integration of Everfex into the Group
culture and discipline. This resulted in the decisions outlined above.

 

"Following on from these decisions, regrettably, we have had to take action to
address breaches of the non-compete clauses in the SPA mentioned above.
However, this must not be permitted to undermine the fact that together with
the acquisition of Everfex, and our careful management of the cost base, Fiinu
has achieved a major milestone in 2025 in recording its first profitable
month. We now look forward to 2026 as we continue to pursue the strategy we
outlined in previous announcements and to the launch in Q1 of the Fiinu Plugin
Overdraft® in association with our first partner Manx Financial Group.

 

"On behalf of everyone at Fiinu Group I would like to thank all our
shareholders for their support throughout the past year, and look forward to
working hard to achieve further steps on our journey in 2026."

The Directors of the Company are responsible for the release of this
announcement.

*ENDS*

 

 

For further information, please contact: 

 Fiinu Plc                                       Tel: +44 (0) 1932 629 532

 Dr. Marko Sjoblom - CEO                         ir@fiinu.com (mailto:ir@fiinu.com)

 SPARK Advisory Partners Limited (Nomad)         Tel: +44 (0) 203 368 3550/3551

 Mark Brady / Angus Campbell                     Email: (mailto:Email:%20fiinu@sparkapl.com) fiinu@sparkapl.com
                                                 (mailto:fiinu@sparkapl.com)

 Marex Financial (Joint Broker)                  Tel: +44 (0) 207 655 6000

 Angelo Sofocleous / Keith Swann / Matt Bailey   Email: corporate@marex.com (mailto:corporate@marex.com)

 Oberon Investment Limited (Joint Broker)        Tel: +44 (0)203 179 5300

 Nick Lovering / Adam Pollock / Mike Seabrook

 Brazil (Financial PR)                           Tel: +44 (0) 207 785 7383

 Joshua van Raalte / Christine Webb              fiinu@agencybrazil.com (mailto:fiinu@agencybrazil.com)

 

For more information, please visit www.fiinuplc.com (http://www.fiinuplc.com)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFFFEVLIISIIR



            Copyright 2019 Regulatory News Service, all rights reserved