IN BRIEF: iForex earnings in line with guidance, revenue "resilient"
iForex Financial Trading Holdings Ltd - British Virgin Islands-based financial services provider - Reports results for the first half of 2026. Revenue decreases 2.2% to USD26.9 million from USD27.6 million the year before, "reflecting resilient client activity despite lower market volatility in the group's core instruments." Adjusted earnings before interest, tax, depreciation and amortisation, which exclude the impact of share-based payment charges and other exceptional costs, fall 74% to USD1.4 million from USD5.4 million, in line with revised guidance announced last week. Cites approximately USD1.8 million of additional costs arising from the strengthening of the Israeli shekel against the US dollar; USD2.4 million in initial public offering and non-recurring public company costs; and a non-cash accounting adjustment of around USD1.0 million. Pretax loss is USD2.4 million, swung from a USD1.7 million profit. Adjusted pretax loss is USD1.9 million, compared with a USD3.3 million profit for the prior year. Company says current trading and outlook are unchanged from last week, when it reiterated 2026 adjusted Ebitda guidance of USD500,000 to USD2.5 million. Read More