Business
Trading Update - Year to 30 June 2025
Fiske PLC's trading update for the year ending June 30, 2025, reveals revenue growth of approximately 6% to £7.9m compared to the previous year. Pre-tax profits increased by roughly 43% to £1.4m, resulting in earnings of approximately 11p per share. The company's cash balance increased to over £6.5m, contributing to net assets exceeding £11m as of June 30, 2025. While additional costs related to compliance advisory work and system upgrades impacted operating profit, trading since year-end aligns with management expectations. The company anticipates announcing its final results for FY25 before the end of October 2025 and expects to be able to pay a final dividend to shareholders, should the Board resolve to recommend one. Disclaimer*
About this update from Fiske Plc
[{"type":"text","content":"\n\n24 September 2025\n \nFiske Plc\n('Fiske' or 'the Company')\nTrading Update - Year to 30 June 2025\nFiske announces a trading update following the conclusion of its financial year to 30 June 2025 (\"FY25\").\nAs previously announced on 28 February 2025, the Company traded well in the first half of FY25 for the six-month period to 31 December 2024, growing revenues and operating profit when compared to the previous half-year period to 31 December 2023. The Company is pleased to announce that the business performed well during the second half of the year with revenues and pre-tax profits ahead of the prior year.\nBased on unaudited numbers, the Company expects revenues for FY 2025 to be in the region of £7.9m, which is an increase of approximately 6% on the prior year to 30 June 2024. Profit on ordinary activities before tax will be in the region of £1.4m, which is up approximately 43% on the prior year. This gives rise to earnings for the year of approximately 11p per share.\nThe Company's balance sheet remains robust with an increase in its cash balance during the year to over £6.5m leading to net assets as at 30 June 2025 in excess of £11m.\nAs the Company stated in the first half results it expected to incur additional costs during the second half of the year associated with the ongoing compliance advisory work relating to the Consumer Duty and the Company's general upgrading of its systems and controls used by its compliance team. These expenses were incurred, and this impacted the Company's overall operating profit performance. \nTrading since the end of FY25 is in line with management expectations. The Company remains mindful of potentially more volatile market conditions in the coming months due to the generally uncertain geopolitical environment, and in particular in the UK in the run-up to the Autumn Budget Statement in November. However, management is confident that the growth in revenues seen in FY25 will be maintained whilst budgets for the first half of FY26 incorporate the operational expenditure required to complete the updating of the Company's systems and controls. Going forward there may yet be additional compliance costs, however management believe any such further costs can be met by the Company given the strength of its balance sheet and the level of und...