Wise plc (WISE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And can I just check we live now on the web stream. Yes, we are great Thank you good morning, everybody, thank you very much for joining us here today for wise plc half year results for fyi 25. we've got some prepared slides which we will talk you through and then we'll move on to a Q amp a session where we'll start in the room and then we'll move to our zoom webinar for any further questions. So, we have our CEO and co-founder, Christo Karmann, who's going to speak to us a little bit about the progress that we're making, business and strategy at the infrastructure. And then we have our newly appointed CFO, Emmanuel Thomasson, who will share with us our financial results. So, with that, over to you, Christo. Thank you. Obviously, we have Clicker. Great. Thanks, everyone, for coming in in person. Good morning. And... Before we actually go into the results and look at the progress that we've made in the last six months, I thought it's a good moment, again, to zoom out a little bit. So look at the period of, let's say, four years since we listed and now. So what's happened? So you see that compared to the four years back, our cross-border business, effectively the active customers, active cross-border customers and cross-border volume, has grown about three times over these four years. And the wise count, which back then was in its early days, the investments there have kind of started to show now. So over the four years, this has grown more than six times. But maybe... More interesting even on the slide is that when we look at the underlying income now, this has grown faster than the business that we're building. So the business has grown like three times. We've managed to reduce our fees over time, get a more aggressive price point, and yet still our underlying income...