Fonix (FNX) H2 2026 TU earnings summary

Executive summary

• Achieved strong full-year performance with accelerated international expansion and growing product traction.

• Maintained 100% platform uptime and high client retention, with most income recurring.

Financial highlights

• Gross profit rose 12.9% year-over-year to £21.0m (FY25: £18.6m).

• Adjusted EBITDA increased 11.0% to £16.2m (FY25: £14.6m), slightly ahead of market expectations.

• Total payment volume grew 8.0% to £303.3m (FY25: £280.9m).

• £0.2m in exceptional legal and consultancy costs for international expansion included in results.

• Completed a £2.0m on-market share buyback, reflecting strong cash generation.

Outlook and guidance

• Entering FY27 with positive momentum in core and international markets.

• Ongoing expansion in Portugal, Switzerland, France, and a fifth European market targeted for late FY27 launch.

• Anticipates significant ramp-up in RCS activity from end of H1 FY27 and continued PayFlex rollout.

• Board confident in delivering sustainable gross profit growth and long-term value.

• Audited final results to be published 22 September 2026; AGM expected November 2026.