**SummaryFinseta PLC 2025 Full Year Trading Update**
Finseta PLC, a foreign exchange and payments solutions company, released its 2025 full-year trading update on January 15, 2026, highlighting key financial and operational achievements.
**Financial Performance**
**Revenue Growth** FY 2025 revenue increased by 9% to £12.4 million (FY 2024: £11.4 million), driven by a rise in active customers to 1,101 (from 1,059) and higher average revenue per customer.
**Corporate Client Growth** Revenue from corporate clients surged by 54%, accounting for 57% of total revenue (up from 41% in FY 2024), partially offsetting challenges from macroeconomic factors and FX rate impacts.
**Gross Margin** Expected to be approximately 61% (FY 2024: 65.7%), reflecting a shift toward lower-margin but more recurrent corporate clients.
**Adjusted EBITDA** Anticipated at £0.1 million (FY 2024: £2.0 million), due to strategic investments in sales, compliance, and growth initiatives.
**Cash Position** Cash and cash equivalents decreased to £1.5 million (FY 2024: £2.6 million), resulting in net debt of £0.3 million, primarily due to reduced operating cash flow and investments in growth.
**Strategic Progress**
**Geographical Expansion** Received regulatory approval to operate in the UAE, with the Dubai operation exceeding initial expectations, prompting further investment in the sales team.
**New Initiatives** Launched the Finseta Corporate Card scheme, established a full-service office in Canada, and implemented UK agency banking, enabling direct issuance of account numbers and Faster Payments System connectivity.
**Partnerships** Formed new counterparty partnerships to enhance service offerings.
**Outlook**
Despite macroeconomic challenges, Finseta made substantial strategic progress in 2025, positioning itself for accelerated growth and increased profitability in the medium term. The company expects to return to cash flow generation in H2 2026.
**Investor Engagement**
CEO James Hickman and CFO Judy Happe will present the trading update via Investor Meet Company on January 22, 2026, at 9:30 am GMT, open to all existing and potential shareholders.
**Key Contacts**
Finseta’s management and advisors (Shore Capital and Gracechurch Group) are available for further inquiries.
**About Finseta**
Headquartered in London, Finseta offers multi-currency accounts and payment solutions in over 165 countries and 150 currencies, regulated by the FCA, FINTRAC, and DFSA.
This update underscores Finseta’s focus on strategic growth, despite short-term financial pressures, with a clear vision for future expansion and profitability.
| Metric | FY 2025 | FY 2024 | Change |
|---|---|---|---|
| Revenue (£m) | 12.4 | 11.4 | +9% |
| Active Customers | 1,101 | 1,059 | +4% |
| Gross Margin (%) | 61% | 65.7% | -4.7% |
| Adjusted EBITDA (£m) | 0.1 | 2.0 | -95% |
| Cash and Cash Equivalents (£m) | 1.5 | 2.6 | -42% |
| Net Debt/Cash (£m) | Net Debt: 0.3 | Net Cash: 0.6 | N/A |
| Corporate Client Revenue Growth (%) | +54% | N/A | N/A |
| Corporate Client Revenue Share (%) | 57% | 41% | +16% |