Fonix (FNX) H2 2025 TU earnings summary

Executive summary

• Achieved strong growth in both UK and international markets for the six months ended 31 December 2025.

• Trading momentum is at its highest run-rate, with a robust pipeline of opportunities in both existing and new markets.

Financial highlights

• Gross profit increased by 7.1% to £10.5m compared to H1 FY25.

• Adjusted EBITDA grew by 6.4% to £8.3m, including £0.1m in exceptional legal and consultancy costs for international expansion.

• Total payment volume rose 7% to £160m year-over-year.

• Plans to pay an increased interim dividend in March 2026, maintaining a policy of at least 75% payout of adjusted EPS.

Outlook and guidance

• Positive trading momentum expected to continue into H2 FY26, with the strongest trading run-rate to date.

• International expansion, especially in Portugal, is gaining traction, with further launches targeted in the current financial year.

• Board remains confident in meeting full-year expectations.