Business
Everfex Earn-out Update
Fiinu Plc announced an update regarding the earn-out condition for its Polish subsidiary, Everfex P.S.A., confirming an independently verified SME client order book of approximately €340 million as of December 31, 2025. This figure falls short of the €750 million threshold required for the issuance of 20 million additional consideration shares to Granicus Holdings OŰ. Despite not meeting the earn-out, the company views the verified order book as a positive validation of its governance and a demonstration of meaningful commercial traction and demand for its currency hedging and foreign exchange solutions. Fiinu is also commencing recruitment for a Country Manager in Poland to support future growth and accelerate pipeline conversion. Disclaimer*
About this update from Fiinu Plc
[{"type":"text","content":"\n\nInformation contained within this Announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n22 January 2026\n \nFiinu Plc\n(\"Fiinu\", the \"Company\" or the \"Group\")\n Everfex Earn-out Update\nFiinu Plc (AIM: BANK) announces an update in respect of the earn-out condition relating to the acquisition of its Polish operating subsidiary, Everfex P.S.A. (\"Everfex\"), the completion of an independent verification of Everfex's SME client order book, and the commencement of recruitment for a Country Manager in Poland.\nPursuant to the Share Purchase Agreement dated 7 August 2025, an independent review of Everfex's SME client order book has been completed by an external professional adviser, applying the same methodology used during the pre-acquisition due diligence process. The review confirmed an aggregate order book of approximately €340 million as at 31 December 2025.\nThe earn-out condition required an aggregate order book of not less than €750 million at 31 December 2025. As this threshold was not met, none of the 20 million additional consideration shares will be issued to Granicus Holdings OŰ.\nThe Board considers the independent verification process to be a positive validation of Fiinu's governance framework, methodological consistency, and commitment to external assurance. The confirmed €340 million of contracted and credit-approved SME orders demonstrates meaningful commercial traction and evidences credible demand for Fiinu's currency hedging and foreign exchange solutions within the Polish SME market.\nSince acquisition, Everfex has continued to strengthen its operating controls, enhance client quality, and deepen commercial relationships under the Group's current management. To support the next phase of execution and accelerate conversion of pipeline opportunities, Fiinu has commenced the recruitment of an experienced Country Manager for Poland. This appointment is expected to strengthen local leadership capability and support sustainable order book growth.\nDr Marko Sjoblom,...