**Summary of Finseta PLCs Interim Results for H1 2025**
Finseta PLC, a foreign exchange and payments solutions company, reported its interim results for the six months ended 30 June 2025, highlighting significant strategic and operational progress.
**Financial Performance**
**Revenue Growth** Revenue increased by 16% to £5.9 million compared to H1 2024 (£5.1 million), driven by a rise in active customers to 1,101 (up from 952 in H1 2024).
**Gross Margin** Gross margin decreased to 62.7% from 65.7% in H1 2024 due to changes in revenue mix.
**Adjusted EBITDA** Adjusted EBITDA was £0.3 million, down from £0.8 million in H1 2024, reflecting planned investments in new strategic initiatives.
**Cash Position** Cash and cash equivalents stood at £2.4 million, with net cash at £0.4 million.
**Operational Highlights**
**Regulatory Approval** Received approval to provide payments services in the UAE, leading to significant revenue growth in the region.
**Geographic Expansion** Established a full-service office in Canada, which has started generating revenue.
**Product Launch** Launched the Finseta Corporate Card scheme, offering an alternative payment method to customers.
**Agency Banking** Successfully implemented agency banking post-period, enhancing the Groups offering and customer reach.
**Strategic Initiatives**
**Geographic Footprint** Expanded into Dubai and Canada, diversifying revenue streams.
**Payment Methods** Introduced the Finseta Corporate Card, broadening payment options.
**Counterparty Partnerships** Expanded global payments network by establishing new counterparty relationships, increasing the number of currencies and countries served.
**Challenges and Outlook**
**USD-Related Business** Impacted by FX rate fluctuations due to tariff-related developments, but showing improvement in H2 2025.
**Revenue Growth Forecast** The Board expects year-on-year revenue growth of approximately 11% for FY 2025, taking a cautious view due to macroeconomic factors.
**Cost Discipline** Maintaining cost discipline with total operating costs expected to be slightly lower than initially anticipated for FY 2025.
**CEO Commentary**
James Hickman, CEO, emphasized the periods strategic delivery, including investments in initiatives that diversify revenue streams and position the company for sustainable growth. He highlighted the strong performance in Dubai and the potential for accelerated sales and increased profitability in the medium term.
**Conclusion**
Finseta PLC demonstrated robust strategic and operational progress in H1 2025, despite challenges in the USD-related business. The companys expansion into new markets, product innovation, and regulatory approvals have strengthened its position, with a focus on sustainable growth and value creation for shareholders.