Manolete Partners (MANO) Q4 2026 TU earnings summary

Executive summary

• Achieved strong trading performance in H2 FY26, with higher value and margin case completions as forecast.

• Continued investment in operations and business development, including three new legal hires and leadership changes.

Financial highlights

• FY26 Realised Revenue of approximately £28.0m, slightly below FY25 (£29.5m), in line with expectations.

• Gross cash receipts increased to £26.6m from £25.6m year-over-year.

• Net debt rose to £11.5m (FY25: £11.1m); free cash outflow of £0.2m (FY25: inflow of £0.5m).

• Adjusted Realised Profit Before Tax expected at £1.9m (FY25: £0.6m), before potential bad debt provision.

Outlook and guidance

• Forward book value increased to £67m (FY25: £49m), driven by new case signings and business development.

• Board confident of increasing Realised Revenue and Realised PBT in FY27, supported by an improving insolvency market.