Business
Wise Capital Markets Day
Wise Capital Markets Day.
About this update from Wise Plc Class A
[{"type":"text","content":"\n\n \nWise Capital Markets Day\n \nWise, the global technology company building the best way to move and manage the world's money, will host a Capital Markets Day, or 'Owners Day', for financial analysts and investors at 2:30 PM BST today, Thursday 3 April 2025. \n \nOver the past 14 years, Wise has made remarkable progress on its vision of money without borders. To date, our customers have moved over £0.5 trillion across borders and trust us to now hold more than £20 billion of their money.\n \nAt today's event Wise's leadership team will provide an update on our vision and how we will continue to progress towards this over the medium term, creating exceptional value for customers and shareholders.\n \nWise will provide more detail on our powerful financial model, which creates capacity for disciplined and sustainable growth investments, while targeting a healthy underlying profit before tax (PBT) margin of 13-16% and strong underlying income CAGR of 15-20% over the medium term.\n \nOver the next year (FY26), we expect to deliver underlying income growth of 15-20% while the underlying PBT margin is expected to be around the top of our target range, as investments for long term growth ramp up.\n \nToday's presentation will include preliminary FY25 figures demonstrating our financial and strategic progress:\n \n\n\n\n\n\n\n\nFY25 (preliminary)\n\n\nFY24\n\n\nYoY Movement\n(approximate)\n\n\n\n\nActive customers (million)\n\n\n15.5\n\n\n12.8\n\n\n21%\n\n\n\n\nCross border volumes (£ billion)\n\n\n145\n\n\n119\n\n\n22%\n\n\n\n\nUnderlying income (£ billion)\n\n\n1.36\n\n\n1.17\n\n\n16%\n\n\n\n\nUnderlying PBT margin (%)\n\n\n20%\n\n\n21%\n\n\n-1pp\n\n\n\n\nPeriod-end customer holdings (£ billion)\n\n\n21\n\n\n16.2\n\n\n30%\n\n\n\n\n \nWise is announcing today our intention to expand our programme of share purchases into the Employee Benefit Trust. This expansion takes us beyond those for in-year stock-based compensation (SBC) grants (c9m shares in FY25) to now also begin acquiring shares for historical SBC grants representing c25m shares / c2.5% of issued capital. Once complete, this will ensure that the EBT is fully funded for all outstanding SBC grants, ensuring no shareholder dilution as a result of historic SBC grants.\n \nAs previously announced, following the reforms int...