Payments firm Fonix Mobile's FY26 gross profit rises, aided by Portugal market strength
Payments firm Fonix Mobile's FY26 gross profit rises, aided by Portugal market strength
Overview
UK mobile payments provider's FY26 gross profit grew 12.9%, with adjusted EBITDA up 11%
Adjusted EPS for FY26 rose 7.1% year-on-year
Company returned £2.4 mln via share buybacks and raised final dividend
Outlook
Fonix expects Portugal, Switzerland and France to contribute to growth in FY27
Company targets significant increase in PayFlex transaction volumes through expanded rollout
Fonix plans to launch in a sixth European market towards end of FY27
Result Drivers
MOBILE PAYMENTS & MESSAGING - Growth in gross profit was driven by continued strength in the media sector and increased contributions from Portugal and Switzerland, with mobile payments up 11% and mobile messaging up 28%
PRODUCT INNOVATION - Launch and adoption of PayFlex and CompsPortal, along with RichMessaging trials, contributed to growth
REVENUE MIX SHIFT - Blended gross profit margin decreased slightly due to growth in lower-margin mobile messaging and a decline in managed services gross profit
Company press release: ID:nRSV6464Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted EPS |
| GBP 0.121 |
|
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 71.3% above its September 21 closing price of GBp171.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 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.)