REG - Fiske PLC - Trading Update - Year to 30 June 2025

FiskeAnnouncement

24/09/2025 07:02

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RNS Number : 5239A  Fiske PLC  24 September 2025

24 September 2025

 

Fiske Plc

('Fiske' or 'the Company')

Trading Update - Year to 30 June 2025

Fiske announces a trading update following the conclusion of its financial
year to 30 June 2025 ("FY25").

As previously announced on 28 February 2025, the Company traded well in the
first half of FY25 for the six-month period to 31 December 2024, growing
revenues and operating profit when compared to the previous half-year period
to 31 December 2023.  The Company is pleased to announce that the business
performed well during the second half of the year with revenues and pre-tax
profits ahead of the prior year.

Based on unaudited numbers, the Company expects revenues for FY 2025 to be in
the region of £7.9m, which is an increase of approximately 6% on the prior
year to 30 June 2024.  Profit on ordinary activities before tax will be in
the region of £1.4m, which is up approximately 43% on the prior year.  This
gives rise to earnings for the year of approximately 11p per share.

The Company's balance sheet remains robust with an increase in its cash
balance during the year to over £6.5m leading to net assets as at 30 June
2025 in excess of £11m.

As the Company stated in the first half results it expected to incur
additional costs during the second half of the year associated with the
ongoing compliance advisory work relating to the Consumer Duty and the
Company's general upgrading of its systems and controls used by its compliance
team.  These expenses were incurred, and this impacted the Company's overall
operating profit performance.

Trading since the end of FY25 is in line with management expectations.  The
Company remains mindful of potentially more volatile market conditions in the
coming months due to the generally uncertain geopolitical environment, and in
particular in the UK in the run-up to the Autumn Budget Statement in November.
 However, management is confident that the growth in revenues seen in FY25
will be maintained whilst budgets for the first half of FY26 incorporate the
operational expenditure required to complete the updating of the Company's
systems and controls.  Going forward there may yet be additional compliance
costs, however management believe any such further costs can be met by the
Company given the strength of its balance sheet and the level of underlying
operating profits.

As acknowledged by the Company in an announcement made today on the agreement
of the Voluntary Requirement ("VREQ") with the Financial Conduct Authority
("FCA"), the Company expects that it will be able to pay a final dividend to
shareholders, should the Board resolve to recommend one, and will confirm the
final dividend arrangements together with notification of the final results.
The Company expects to update the market with its final results for FY25
before the end of October 2025.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 ("UK MAR") which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of UK
MAR. Upon the publication of this announcement, this inside information is now
considered to be in the public domain. 

 

For further information please contact:

 

Fiske PLC

James Harrison (CEO) Tel: +44 (0) 20 7448 4700

 

Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100

Samantha Harrison / Harrison Clarke / Elliot Peters

 

Media Enquiries

Martin Stott

Bulletin PR. Tel: +44 (0) 7956 917978

 

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