Finseta plc (LON:FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, has announced its audited final results for the year ended 31 December 2025. In addition, the Group gives notice of its annual general meeting and the publication of its annual report.
Financial Summary
· Revenue of £12.4m (2024: £11.4m), growth of 9%
· Gross margin of 62.0% (2024: 65.7%) reflecting a higher proportion of corporate customer payments activity in the revenue mix
· Adjusted1 EBITDA of £0.2m (2024: £2.0m) as planned investments were made in the Group’s new strategic initiatives to broaden capabilities and accelerate growth in the medium term
· Cash and cash equivalents at 31 December 2025 were £1.5m (31 December 2024: £2.6m) with net debt of £0.3m2 (31 December 2024: net cash of £0.6m); post year end, the balance sheet was strengthened through a fundraise of £0.9m before expenses
Operational Highlights
· Growth in active customers3 to 1,101 (H1 2024: 1,059) and an increase in average revenue per customer
· Strong growth among corporate customers reflecting increased focus on business-to-business offering, offsetting reduced payments activity of high net worth individual (“HNWI”) clients due to the impact of macroeconomic conditions
· Received regulatory approval to provide payments services in the United Arab Emirates (“UAE”) and launched full-service office in Dubai, resulting in significant revenue growth in the region
· Implemented agency banking in the UK, which significantly enhances the Group’s offering and will enable it to attract a wider range of customers
· Commenced trading in Canada, including becoming integrated with local banking
· Implemented multiple platform enhancements, with features targeted at corporate customers
Current Trading and Outlook
· Continued growth in customer acquisition, including good traction with corporate customers
· In Dubai, the strong momentum generated in 2025 has been sustained through 2026 to date. With an expanded sales capability, the Group expects to continue to deliver healthy growth in this market
· Alongside this, the Group has made further strategic progress, including towards expanding its regulatory permissions into Europe, and is confident that its planned investments in 2025 will lead to accelerated sales growth and increased profitability in the medium term
James Hickman, CEO of Finseta, said: “In 2025, we delivered progress against our strategic and operational objectives for the year – most notably with the ramp up of our operation in Dubai and completing the implementation of UK agency banking. Our increased focus on our business-to-business offering resulted in strong growth with corporate customers – and this momentum has been sustained into the current year, including attracting larger corporates that have more complex requirements. We continue to strengthen our capabilities that will enable Finseta to become the primary payments provider for customers in sectors that are typically underserved by traditional banks and to make progress towards further expanding our international reach and regulatory permissions. Accordingly, the Board continues to have strong levels of confidence in Finseta’s prospects and in our ability to accelerate sales growth and increase profitability in the medium term.”
