Fonix Mobile H1 gross profit rises, raises dividend

Fonix

17/03/2026 07:13

Overview

UK mobile payments firm's H1 gross profit rose 7.1% on growth in payments and messaging

Adjusted EBITDA for H1 up 6.4%, adjusted EPS flat at 6.2p

Company raised interim dividend to 3.1p, citing progressive dividend policy

Outlook

Fonix expects continued positive momentum in UK, Ireland and international markets in H2 FY26

Company targets launch in a fourth European market for early FY27

Board expects any impact from UK gaming tax changes to be manageable and absorbed within growth

Result Drivers

PRODUCT INNOVATION - Co said new products such as PayFlex, CompsPortal, and RichMessaging supported gross profit growth

INTERNATIONAL EXPANSION - Gross profit growth driven by strong performance in Ireland and new services in Portugal, with further European market entries underway

CUSTOMER FORMAT CHANGES - Growth supported by format changes among customers, larger prize funds, organic growth among existing customers, and higher entry price points

Company press release: ID:nRSQ8389Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted EPS
GBP 0.06
H1 Adjusted EBITDA
GBP 8.30 mln
H1 Adjusted Pretax Profit
GBP 8 mln
H1 Gross Profit
GBP 10.50 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 GBp296.50, about 91.9% above its March 16 closing price of GBp154.50

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)