Fonix (FNX) H2 2025 earnings summary

Executive summary

• FY25 trading performance met expectations, with steady mobile payments growth and strong mobile messaging gains.

• Portugal market launched with a major broadcaster; two more European markets progressing.

• Increased ordinary dividend and special dividend paid in February 2025.

• Growth strategy focused on sustainable, long-term profitability and international expansion.

Financial highlights

• Total Payment Value (TPV) was £281m, down 7.4% year-over-year.

• Revenue declined 4% year-over-year to £72.8m, while gross profit rose 4% to £18.6m.

• Adjusted EBITDA increased 6% to £14.6m; adjusted PBT up 2% to £14.3m year-over-year.

• Adjusted operating expenses fell 3% due to lower staff costs and increased software capitalisation.

• Final dividend per share (DPS) of 5.90p proposed; total DPS for the year 11.8p, over 100% of adjusted EPS.

Outlook and guidance

• Strong broadcaster pipeline across multiple European territories.

• Continued focus on product innovation and international market expansion.

• Foundations set for future growth through new products and market entries.