Business
Trading Update
Fonix plc reported a strong first half for the period ending December 31, 2025, with gross profit increasing by 7.1% to £10.5 million and adjusted EBITDA growing by 6.4% to £8.3 million, demonstrating growth across both UK and international operations. The company successfully launched commercial services in Portugal and established connectivity in a third European market, with a pilot scheduled for the second half of FY26. Product innovations like PayFlex and CompsPortal are expanding, and total payment volume rose 7% to £160 million. Fonix intends to pay an increased interim dividend and remains confident in meeting full-year expectations, despite noting that gaming operators now represent less than 7% of gross profit. Disclaimer*
About this update from Fonix Plc
Fonix plc ("Fonix" or the "Company") Trading Update Strong growth across the UK and internationally Fonix plc, the mobile payments and messaging provider, is pleased to provide an update on trading for the 6 months ended 31 December 2025 (the "Period"). Financial highlights: ● Gross profit and adjusted EBITDA1 in H1 FY26 have grown in line with management's expectations. ● Gross profit for the Period increased by 7.1% to £10.5m (H1 FY25: £9.8m). ● Adjusted EBITDA1 grew by 6.4% to £8.3m (H1 FY25: £7.8m). Costs include £0.1m of exceptional legal and consultancy costs associated with preparations for future international expansion, which have not been added back. ● Fonix intends to pay an increased interim dividend in March 2026, in line with the Company's progressive dividend policy to pay out at least 75% of adjusted earnings per share. Operating highlights: ● International expansion: ○ In Portugal, Fonix launched full commercial services in late September with a leading broadcaster. The services are scaling well, supported by Fonix's sector expertise and tailored to local market dynamics, and discussions with other leading broadcasters are progressing strongly. Portugal is the second overseas European market after Ireland, in which Fonix has launched. ○ Connectivity with all mobile networks in a new third overseas European market is now complete. A three-month pilot of interactive services is scheduled to launch in H2 FY26 with a leading broadcaster - the first offering of its kind in this country. ○ A legal entity has been established and the first local hire completed in a fourth overseas European market. Engagements with mobile network operators and leading broadcasters are progressing well, with services expected to launch in FY27. ● Product progress: ○ PayFlex expansion: Expanded rollout across all brands of two leading UK radio broadcasters during Q2. The first Irish customer is expected to roll out PayFlex in Q3. ○ CompsPortal: First customer launch completed in December 2025, with a strong pipeline of further prospective customers. ○ RichMessaging: successful pilot...