REG - Finseta PLC - 2025 Full Year Trading Update

FinsetaAnnouncement

15/01/2026 07:00

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RNS Number : 9573O  Finseta PLC  15 January 2026

Certain information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this announcement, this information is now considered to be in
the public domain.

 

15 January 2026

 

Finseta plc

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

 

2025 Full Year Trading Update

 

Finseta (AIM: FIN), a foreign exchange and payments solutions company offering
multi-currency accounts to businesses and individuals through its proprietary
technology platform, provides the following update on trading for the year
ended 31 December 2025 ("FY 2025").

 

The Group expects to report FY 2025 revenue of £12.4m (FY 2024: £11.4m), an
increase of 9%, reflecting growth in both active customers to 1,101(1) (FY
2024: 1,059) and average revenue per customer. After receiving regulatory
approval in March 2025 to provide payment services in the United Arab Emirates
("UAE"), the Group achieved significant growth in its Dubai operation, ahead
of the Board's initial expectations, and consequently invested further in the
sales team to support accelerated future growth in the region. Together with
further expansion of the UK sales teams in 2025, the Group also saw strong
growth in business with corporate clients in the UK. Total revenues from
corporate clients increased by 54% compared with FY 2024 and represented 57%
of FY 2025 Group revenues (FY 2024: 41%). The growth in revenues from Dubai
and from corporate clients served to largely mitigate the impact of the
previously-reported effects on foreign exchange rates and the global economy
of tariff-related developments, which continued to constrain active customer
conversion and payments activity during the second half of the year,
particularly amongst high net worth individual ("HNWI") clients.

 

The Group's gross margin is expected to be approximately 61% (FY 2024: 65.7%),
as a result of the greater weighting towards corporate clients in the FY 2025
revenue mix. Whilst corporate client gross margins are lower than HNWIs,
corporate clients typically transact more regularly and provide greater
revenue recurrence.

 

During 2025 the business made substantial strategic and operational progress,
with the receipt of regulatory approval to provide payments services in the
UAE, the establishment of a full-service office in Canada, the launch of the
Finseta Corporate Card scheme, the establishment of new counterparty
partnerships and the implementation of UK agency banking in Q3, which enables
Finseta to issue its own account numbers and connect indirectly to the Faster
Payments System. The Group made planned investments in FY 2025 to support
these activities and position Finseta to benefit from expanded geographical
and market reach, and a broader product and service offering, which it
believes will lead to accelerated sales growth and increased profitability in
the medium term. Whilst doing so, Finseta has maintained cost discipline with
total operating costs for the year anticipated to be in line with the Board's
expectations at the time of the interim results in September 2025. As a result
of the planned investment in sales, compliance and overhead functions, and
trading conditions during FY 2025, the Group expects to report adjusted
EBITDA(2) of approximately £0.1m (FY 2024: £2.0m).

 

Cash and cash equivalents at 31 December 2025 were £1.5m (31 December 2024:
£2.6m) resulting in net debt(3) of £0.3m (31 December 2024: net cash of
£0.6m). This primarily reflects reduced operating cash flow in FY 2025 and a
cash outflow from investing activities of approximately £1.1m (FY 2024:
£1.3m), on account of the Group's planned investment in its strategic growth
initiatives, which will support growth in future periods. The Group expects to
return to cash flow generation in H2 2026.

 

James Hickman, CEO of Finseta, said: "2025 was a year of substantial strategic
progress. We delivered against all of our strategic objectives for the year -
most notably with the ramp up of our operation in Dubai and completing the
implementation of UK agency banking. While our revenue growth was constrained
by macroeconomic factors, the strategic progress and investments we made
during the year position us to broaden our offering, accelerate sales growth
and increase profitability in the medium term."

 

Investor Presentation

 

Finseta plc is pleased to announce that James Hickman, CEO, and Judy Happe,
CFO, will provide a live presentation relating to the 2025 Full Year Trading
Update via Investor Meet Company on 22 January 2026 at 9.30am GMT.

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via the Investor Meet Company dashboard up until
9.00am GMT on 21 January 2026, or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet
Finseta via: https://www.investormeetcompany.com/finseta-plc/register-investor
(https://protect.checkpoint.com/v2/r02/___https:/www.investormeetcompany.com/finseta-plc/register-investor___.YXAxZTpzaG9yZWNhcDpjOm86MTYxOTkzYzNlODgzZGRkMDQxMjRmZGZjNTYyMzI3YzY6NzoxYmZiOjYyNDJiMWUyNDE1Mzg4MDBhOWU2OGZlMWJjZDE2ZGQwYzljYzgzMTVkODY0NzI5NTc1NzNjZTkwZjc5OTRiY2U6cDpUOk4)

 

( )

Notes

(1) Defined as customers who traded through Finseta during the twelve-month
periods to 31 December 2025 and 31 December 2024 respectively

(2) Adjusted to exclude other operating income, share-based compensation,
profit from the disposal of a subsidiary (in 2024), and the rental cost of the
Group's corporate premises

(3) Defined as cash and cash equivalents less loan notes

 

Enquiries

 

 Finseta plc                                     +44 (0)203 971 4865
 James Hickman, Chief Executive Officer

 Judy Happe, Chief Financial Officer

 Shore Capital (Nominated Adviser and Broker)    +44 (0)207 408 4090
 Daniel Bush, Tom Knibbs

 Gracechurch Group (Financial PR)                +44 (0)204 582 3500
 Harry Chathli, Claire Norbury

 

About Finseta plc

 

Finseta plc (AIM: FIN) is a foreign exchange and payments company offering
multi-currency accounts and payment solutions to businesses and individuals.
Headquartered in the City of London, Finseta combines a proprietary technology
platform with a high level of personalised service to support clients with
payments in over 165 countries in 150 currencies. With a track record of over
15 years, Finseta has the expertise, experience and expanding global partner
network to be able to execute complex cross-border payments. It is fully
regulated, through its wholly-owned subsidiaries, by the Financial Conduct
Authority as an Electronic Money Institution; by the Financial Transactions
and Reports Analysis Centre of Canada as a Money Services Business; and by the
Dubai Financial Services Authority under a Category 3D licence.
www.finseta.com
(https://protect.checkpoint.com/v2/r02/___http:/www.finseta.com___.YXAxZTpzaG9yZWNhcDpjOm86YjE1OTNmMWI1NmE4OTExZTRhYWYxODBhNDYzMjNjMzY6NzpkZmIwOjMzNGI4NTc5NjJkMzdlMWFkYmU5NDFiMTE4ZmRmNzQ1YzE5ZDJhYTFmYjc1OWY5ZTc1OTYxZTc3MTI1NDhlOGU6cDpGOk4)

 

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