REG - Fiinu PLC - Everfex Earn-out Update

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RNS Number : 9390P  Fiinu PLC  22 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
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22 January 2026

 

Fiinu Plc

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

Everfex Earn-out Update

Fiinu Plc (AIM: BANK) announces an update in respect of the earn-out condition
relating to the acquisition of its Polish operating subsidiary, Everfex P.S.A.
("Everfex"), the completion of an independent verification of Everfex's SME
client order book, and the commencement of recruitment for a Country Manager
in Poland.

Pursuant to the Share Purchase Agreement dated 7 August 2025, an independent
review of Everfex's SME client order book has been completed by an external
professional adviser, applying the same methodology used during the
pre-acquisition due diligence process. The review confirmed an aggregate order
book of approximately €340 million as at 31 December 2025.

The earn-out condition required an aggregate order book of not less than
€750 million at 31 December 2025. As this threshold was not met,  none of
the 20 million additional consideration shares will be issued to Granicus
Holdings OŰ.

The Board considers the independent verification process to be a positive
validation of Fiinu's governance framework, methodological consistency, and
commitment to external assurance. The confirmed €340 million of contracted
and credit-approved SME orders demonstrates meaningful commercial traction and
evidences credible demand for Fiinu's currency hedging and foreign exchange
solutions within the Polish SME market.

Since acquisition, Everfex has continued to strengthen its operating controls,
enhance client quality, and deepen commercial relationships under the Group's
current management. To support the next phase of execution and accelerate
conversion of pipeline opportunities, Fiinu has commenced the recruitment of
an experienced Country Manager for Poland. This appointment is expected to
strengthen local leadership capability and support sustainable order book
growth.

Dr Marko Sjoblom, Chief Executive Officer of Fiinu Plc, commented:

"The independently verified order book confirms a solid commercial foundation
and growing demand among Polish SMEs. It reflects the disciplined, transparent
approach Fiinu has applied since acquiring Everfex and provides a strong
platform for future growth. With the recruitment of a Country Manager underway
and continued execution focus across the Group, we believe Fiinu is well
positioned to build long-term shareholder value."

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

 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

 

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

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