Business
Final Results for the year ended 31 March 2025
Final Results for the year ended 31 March 2025.
About this update from Duke Capital Limited
[{"type":"text","content":"\n\n25 June 2025\n \nDuke Capital Limited\n(\"Duke Capital\", \"Duke\" or the \"Company\")\n \nFinal Results for the year ended 31 March 2025\n \nResults reflect disciplined execution while building future value\n \nDuke Capital Limited (AIM: DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, is pleased to announce its audited results for the 12 months ended 31 March 2025 (\"FY25\").\n \nFinancial Highlights:\n \n· Recurring cash revenue* of £25.8 million (2024: £24.3 million), an increase of 6%\n· Total cash revenue of £26.6 million (2024: £30.3 million), a decrease of 12% and reflective of the lack of investment exits in FY25 (2024: three exits)\n· Free cash flow** of £12.6 million (2024: £17.9 million), a decrease of 30%, reflecting lack of exits\n· Free cash flow per share of 2.83 pence per share (2024: 4.34 pence)\n· Net income of £2.0 million (FY24: £11.6 million), down 83% reflecting the non-cash reduction in fair value of the portfolio\n· Adjusted earnings of £15.4 million, (FY24: £20.0 million), a decrease of 23%\n· Dividend of 2.80 pence per share (2024: 2.80 pence)\n· The cash position ended FY25 at £19.8m. With £10m still available on the credit line with Fairfax, Duke's liquidity position at 31 March 2025 was a robust £29.8m\nOperational Highlights:\n \n· Over £24 million deployed into existing capital partners\n· Increased equity stakes in six current partners\n· Completed an oversubscribed £23.5 million equity raise in November 2024 to provide additional capital to current partners to support M&A activity and allow flexibility on the timing of Duke's third-party, non-diluti...