Finseta (AIM: FIN), a provider of foreign exchange and payment solutions, expects a 16 per cent increase in its revenue for the first six months of 2025, which is forecast to reach £5.9 million.
Adding More Customers
According to the company, revenue for the first half of the year was supported by a rise in active customers, which increased to 1,101 from 952 in the same period last year.
The company also noted that both private and corporate client numbers grew in 2025. Private clients, who are mostly high-net-worth individuals, contributed 42 per cent of total revenue, while the rest came from corporations.
James Hickman, CEO of Finseta
A large number of Finseta’s customers are using its services for high-value purchases, such as overseas property. Some transactions were also delayed until H2 2025.
“While global economic conditions led to some customers delaying transactions, our strong customer growth means we are in a good position as markets stabilise in H2,” said James Hickman, CEO of Finseta.
In 2024, the company ended the year with £11.3 million in revenue, a 26 per cent rise and above market expectations.
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Profitability Took a Hit as Future Growth Is the Goal
However, EBITDA is expected to be around £0.3 million, down from £0.8 million in H1 2024. The company’s gross margin also fell to about 62 per cent from 65.7 per cent.
The company said that its investment in strategic plans is behind the drop in margin and EBITDA. It expects these efforts to help increase sales and raise profitability in the medium term.
Meanwhile, Finseta has expanded beyond the UK and launched a corporate card scheme and operations in Canada and Dubai. Revenue from these markets has already started to come in and is expected to grow further in the second half of the year.
“We remain on track to achieve strong revenue growth for FY 2025 and are confident about what lies ahead,” Hickman added.
Finseta (AIM: FIN), a provider of foreign exchange and payment solutions, expects a 16 per cent increase in its revenue for the first six months of 2025, which is forecast to reach £5.9 million.
Adding More Customers
According to the company, revenue for the first half of the year was supported by a rise in active customers, which increased to 1,101 from 952 in the same period last year.
The company also noted that both private and corporate client numbers grew in 2025. Private clients, who are mostly high-net-worth individuals, contributed 42 per cent of total revenue, while the rest came from corporations.
James Hickman, CEO of Finseta
A large number of Finseta’s customers are using its services for high-value purchases, such as overseas property. Some transactions were also delayed until H2 2025.
“While global economic conditions led to some customers delaying transactions, our strong customer growth means we are in a good position as markets stabilise in H2,” said James Hickman, CEO of Finseta.
In 2024, the company ended the year with £11.3 million in revenue, a 26 per cent rise and above market expectations.
You may also like: Plus500’s H1 All-Time-High Deposits Pushes Q2 Revenue Higher
Profitability Took a Hit as Future Growth Is the Goal
However, EBITDA is expected to be around £0.3 million, down from £0.8 million in H1 2024. The company’s gross margin also fell to about 62 per cent from 65.7 per cent.
The company said that its investment in strategic plans is behind the drop in margin and EBITDA. It expects these efforts to help increase sales and raise profitability in the medium term.
Meanwhile, Finseta has expanded beyond the UK and launched a corporate card scheme and operations in Canada and Dubai. Revenue from these markets has already started to come in and is expected to grow further in the second half of the year.
“We remain on track to achieve strong revenue growth for FY 2025 and are confident about what lies ahead,” Hickman added.
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