Business
Trading Update
Duke Capital Limited announced its trading update for the second quarter of the financial year ending March 31, 2026. The company anticipates recurring cash revenue of £6.6 million for Q2 FY26, marking a 3% increase compared to the £6.4 million reported in Q2 FY25. This revenue figure is consistent with the previous quarter, Q1 FY26, which also reported £6.6 million in recurring cash revenue. Total cash revenue for Q1 FY25 was £6.8 million, while recurring cash revenue was £6.3 million. Disclaimer*
About this update from Duke Capital Limited
[{"type":"text","content":"\n\n29 September 2025\nDuke Capital Limited\n \n(\"Duke Capital\", \"Duke\" or the \"Company\")\n \nTrading Update\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 provide guidance on its trading for the second quarter of the financial year ending 31 March 2026 (\"Q2 FY26\").\n \nTrading Update\n \nBased on current trading, Duke expects to achieve recurring cash revenue* of £6.6 million in Q2 FY26. This represents a 3% year-on-year increase on Q2 FY25 (£6.4 million) and in line with the prior quarter, Q1 FY26.\n \nOverview of quarterly revenue growth:\n \n\n\n\n\n \n\n\nRecurring Cash Revenue*\n\n\nTotal Cash Revenue**\n\n\n\n\nQ1 FY25\n\n\n£6.3 million\n\n\n£6.8 million\n\n\n\n\nQ2 FY25\n\n\n£6.4 million\n\n\n£6.8 million\n\n\n\n\nQ3 FY25\n\n\n£6.5 million\n\n\n£6.5 million\n\n\n\n\nQ4 FY25\n\n\n£6.4 million\n\n\n£6.8 million\n\n\n\n\nQ1 FY26\n\n\n£6.6 million\n\n\n£6.6 million\n\n\n\n\n \n* Recurring cash revenue excludes exit premium receipts and cash gains from equity sales\n** Total cash revenue is monthly cash distributions from Duke's partners plus exit premium receipts and cash gains from equity sales\n \n \nNeil Johnson, CEO of Duke Capital, said:\n \n\"Our business model continues to show its resilience in a challenging UK market where we have seen persistent high inflation. Despite this, we have consistently delivered year-on-year increases in our recurring cash revenues. During the last quarter, we were pleased to see the UK base rate fall in August. Our business model and attractiveness to investors benefits with lower interest rates. Along with our strong balance sheet, this will enhance our ability to deliver long-term, sustainable value for shareholders.\"\n \n \n***ENDS***\n \nFor further information, please visit https://dukecapital.com/ or contact:\n \n\n\n\n\nDuke Capital Limited\n\n\nNeil Johnson / Charles Cannon Brookes / Hugo Evans\n \n\n\n+44 (0) 1481 231 816\n\n\n\n\nCavendish Capital Markets Limited (Nominated Adviser and Joint Broker)\n\n\nStephen Keys / Callum Davidson / Michael Johnson \n\n\n+44 (0) 207 220 0500\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Genuity Limited\n(Joint Broker)\n \n\n\nAdam J...