Finseta Plc · LSE:FIN
Finseta — H1 2025 Earnings Presentation
26 slides from Finseta's earnings presentation, 2025
Slide 1: Premium Payment Solutions: Interim Results 2025
PREMIUM PAYMENT SOLUTIONS Interim Results 2025
Slide 2: Introduction
Finseta > 01 & Demo & Tost Overview Balances Cotency Introducti Cur Pending Payments
Slide 3: Presenters
Presenters James Hickman Judy Happe CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER Over 25 years in the Financial Services industry with Judy has extensive experience of raising growth the last 20 years' experience within the FX and capital and executing M&A strategies at digital payments industrie
Slide 4: About Finseta
About Finseta Proprietary technology platform WHAT WE DO? Currency risk management, payment and electronic 165+ COUNTRIES account services CUSTOMERS CAN Solving currency and Innovating through SEND FUNDS TO payment challenges partnerships and expanding its payment for businesses and capabilities ind
Slide 5: 2025 H1 Highlights
2025 H1 Highlights Financial performance • Increased Revenue • Focused Investment Investment in sales team is • Increase in number of active clients and pipeline value driving growth • Continued Expansion of introducer network • Continued diversification of revenue streams Diversification • UK Sales
Slide 6: Our Strategy
Our Strategy
Slide 7: Our Strategy
Our Strategy Expanding our Geographic and Market footprint Enhancing our product capabilities Future-proofing the business 7 CONFIDENTIAL | COPYRIGHT 2025
Slide 8: Payments Infrastructure Strategy
Payments Infrastructure Strategy Our vision is to allow clients to collect and send money to and from anywhere in the world, in their channel of choice 8 CONFIDENTIAL | COPYRIGHT 2025
Slide 9: Progress against Strategy
Progress against Strategy
Slide 10: Progress: Expanding our Geographic and Market footprint
Progress CANADA Expanding our Geographic and Market footprint UAE UK Dubai Canada Regulatory Expansion • DFSA Licence granted • Banking and operational set • Global Compliance up complete Programme • New DIFC office opened to increase capacity • Added experienced sales • Reviewing options for next c
Slide 11: Progress: Enhancing our product capabilities
Progress Global eIDV SCREENING Enhancing our product capabilities A Agency Banking New Counterparties Enhancements • Finseta SWIFT Code • Ability to serve additional • Improved customer onboarding Dynamic Risk Implementation of A.I real-time Based markets and segments ONBOARDING • VIBAN Generation t
Slide 12: Progress: Future-proofing the business
Progress Future-proofing the business Diversification Financial Platform • People • Increased Revenue • Mass Payment STP • Revenue Streams • Investment Focus • Automated vulnerability and stability testing • Client Type • Increased Customer Base • Automated the collection of • Brand Partnerships cli
Slide 13: 2025 H1 Financial Summary
> 2025 HI Fina a Liane anci an “ag 316 s 39%
Slide 14: Continued top line delivery
Continued top line delivery YOY Growth Revenue (£m) £'000 H1 2025 H1 2024 25/24 7.0 Revenue 5,862 5,060 16% 1,101 5.9 6.0 5.1 ACTIVE CUSTOMERS 5.0 +16% 4.0 3.6 Driven by continued expansion of sales team and introducer network 3.0 1.9 UAE performing ahead of expectations 2.0 1.0 Partially offsetting
Slide 15: Focused investment evident in cost base
Focused investment evident in cost base Year over year adjusted costs (£m) 4.0 3.5 0.1 3.4 0.3 0.5 Investment in sales teams in UK, Canada and 3.0 Dubai to support accelerated top line growth 2.5 2.5 2.0 Further fixed cost base additions in Platform Fees due to local payment rails and Card Program 1
Slide 16: In-year profitability reflecting investment
In-year profitability reflecting investment Adjusted EBITDA (£m) YOY Growth 1.0 0.8 £'000 H1 2025 H1 2024 25/24 0.8 Revenue 5,862 5,060 16% 0.6 0.4 0.3 0.2 Gross Profit 3,677 3,326 11% 0.2 Gross Margin 63% 66% -3% - -0.2 Adjusted costs (3,391) (2,495) 36% -0.4 -0.6 -0.8 -0.5 Adj. EBITDA 286 831 -66%
Slide 17: Consistent cash flow conversion
Consistent cash flow conversion H1 2025 Operating Cash flow (£m) 0.6 YOY Growth 0.5 0.0 £'000 H1 2025 H1 2024 25/24 0.7 (Loss)/Profit before tax (259) 569 -146% 0.4 0.4 -0.1 Non-cash items 705 602 17% 0.3 Finance & investing items 48 (83) 158% Working capital (134) (307) 56% 0.2 0.1 Operating cash f
Slide 18: Net Cash position
Net Cash position YOY Growth £'000 H1 2025 H1 2024 25/24 Closing Cash (£m) Non-current asset additions (377) (249) 51% 3.0 2.8 Subsidiary disposal proceeds - 150 n/a 2.6 2.4 2.5 2.3 Deferred consideration & loan notes - (105) n/a 2.0 Investing cash flow (377) (204) 85% 1.5 Shares issued 55 - n/a 1.0
Slide 19: Current trading & outlook
Current trading & outlook USD-related business has improved but not to the extent previously anticipated Therefore, taking more cautious view of full year revenue Cost discipline is being maintained - staged additions to operating cost base resulting in overall costs lower than previously expected C
Slide 20: Governance & Risk
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Slide 21: Governance & Risk
Governance & Risk Experienced PLC Board Experienced Executive Team Regularly audited regulatory & compliance processes Strong financial rigor No principal positions Not MIFID regulated and do not undertake MIFID business Multiple oversight committees 21 CONFIDENTIAL | COPYRIGHT 2025
Slide 22: Summary
Summary
Slide 23: Summary
Summary Diversifying revenue Strong multi- Expanding Robust and agile Experienced team streams jurisdictional payments payments and executing a clear capabilities capabilities and banking platform strategy introducer network Significant progress against strategy Well positioned for sustainable growt
Slide 24: Appendix
Appendix
Slide 25: Prudent approach to adjusted measures
Prudent approach to adjusted measures Share based Acquisition Right of use Interest on Total Adjusted £'000 IFRS compensation related costs asset client balances adjustments measure EBITDA 408 97 (176) (43) (122) 286 Depreciation & amortisation (608) 62 155 217 (391) EBIT (200) 95 (105) Finance inco
Slide 26: CONFIDENTIAL | COPYRIGHT 2025
26 CONFIDENTIAL | COPYRIGHT 2025