• Full-year guidance materially reduced
• 2025 pre-tax loss now forecast
• 2026 and 2027 forecasts cut significantly
Finseta (FIN:17.5p), a challenger brand in international payment solutions, has released disappointing interim results and reduced full-year revenue guidance. The news led to material earnings downgrades and a 21 per cent fall in the share price.
First-half revenue increased 16 per cent to £5.9mn, in line with guidance given by management in the pre-close trading update (‘A fintech recovery buy’, IC, 11 July 2025). As previously announced, revenue growth in the period was constrained by global macroeconomic factors, particularly the impact on foreign exchange rates of US trade policy which led to delays in some payment transactions. A large proportion of customers use Finseta’s services for high-value purchases, such as international real estate.