Business
Full Year Results
Full Year Results.
About this update from Manolete Partners Plc
[{"type":"text","content":"\n\n26 June 2025\n \nMANOLETE PARTNERS PLC\n(\"Manolete\" or the \"Company\")\n \nAudited results for the year ended 31 March 2025\n \nStrong momentum continues with significant macro-economic tailwinds supporting growth.\nManolete (AIM:MANO), the leading UK-listed insolvency litigation financing company, today announces its audited results for the year ended 31 March 2025 (\"FY25\").\nSteven Cooklin, Chief Executive Officer, commented:\n\"We are delighted to report our highest ever revenues of £30.5m for FY25 and a strong increase in profitability, well ahead of market forecasts[1]. Cash generation has also been particularly impressive with a 45% increase in gross cash receipts for the year. In FY25 we also recorded lifetime highs in the number of new case referrals from Manolete's nationwide proprietary referral network. FY26 has got off to a strong start with new case signings already 27% higher than the whole of Q1 FY25 and further concrete evidence of larger average case sizes feeding into our portfolio of more recent case signings. The continued strong tailwinds of challenging market conditions faced by many UK corporates provide the Board with optimism for further good progress in the new financial year.\"\nFinancial (statutory and non-statutory) highlights:\n· Record total revenues £30.5m, an increase of 16% (FY24: £26.3m)[2]\n· Realised revenues on completed cases were £29.5m, an increase of 22% (FY24: £24.2m).\n· 97% of total revenues represented by realised revenues on fully completed cases (FY24: 92%).\n· EBIT increased by 19% to £3.0m (FY24: £2.5m).\n· Realised EBIT (excluding all Unrealised Profits) increased to £2.0m in FY25 from £0.4m in FY24.\n· Gross cash receipts from completed cases were £25.6m, an increase of 45% (FY24: £17.7m).\n· The Company's net cash income from completed cases (after all legal costs and payments to Insolvent Estates) was £15.2m, an increase of 40% (FY24: £10.8m).\n· Cash generated from operations (after all completed case costs and all overheads but before new case investments, interest and taxation) was £9.4m (FY24: £5.0m).\n· &nb...