Fonix Mobile FY26 gross profit rises, helped by market expansion
Fonix Mobile FY26 gross profit rises, helped by market expansion
Overview
UK mobile payments provider's FY26 gross profit rose 12.9% to £21.0 mln
Adjusted EBITDA grew 11% to £16.2 mln, slightly ahead of market expectations
Company completed £2.0 mln share buyback and plans increased final dividend
Outlook
Fonix expects to launch in a fifth European market toward the end of FY27
Company anticipates significant ramp-up in RCS activity from end of H1 FY27
Board expects continued international expansion and sustainable gross profit growth in FY27
Result Drivers
INTERNATIONAL EXPANSION - Co said launches in Portugal, Switzerland, and France, as well as preparations for a fifth market, supported growth
PRODUCT INNOVATION - New product launches, including CompsPortal and rollout of PayFlex, contributed to performance
CLIENT RELATIONSHIPS - Extension of contracts with Global and ITV underpinned recurring income and platform reliability
Company press release: ID:nRSW4656Na
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted EBITDA |
| GBP 16.20 mln |
|
FY Gross Profit |
| GBP 21 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Fonix PLC is GBp293.00, about 80.3% above its July 22 closing price of GBp162.50
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)