20th Oct 2025 11:27
(Alliance News) - Fiske PLC on Monday reported full-year profit and revenue gains, as it noted current trading remains in line with management expectations.
The London-based stockbroker and investor said pre-tax profit increased 57% to GBP1.5 million in the financial year that ended June 30, from GBP942,000 a year prior.
Revenue advanced 6.9% to GBP7.9 million from GBP7.4 million, with Chief Executive James Harrison noting the "steady increase" in revenue was driven by factors including "new client wins, higher asset prices, increased levels of trading, improving service mix (more clients opting for advisory and discretionary services) and an increase in interest income."
However, bottom line gains were driven by advances in investment revenue and finance income as Fiske faced higher operating expenses.
Operating expenses rose 11% to GBP7.6 million from GBP6.9 million, with Fiske attributing the increase to higher compliance costs. The company said it working to improve compliance related systems and controls following an assessment of its framework.
Investment revenue multiplied to GBP970,000 from GBP253,000, with a 46% increase in finance income to GBP229,000 from GBP157,000 further supporting earnings.
Fiske proposed a final dividend of 0.825 pence per share, up 10% from 0.75p. This brings the total dividend for the financial year to 1.1p, up 10% from 1.0p.
Describing its outlook, Fiske said current trading since the end of financial 2025 "continues in line with management expectations".
Shares in the company were up 4.0% at 65.00 pence on Monday morning in London.
"We remain mindful of potentially more volatile market conditions in the coming months due to the generally uncertain geopolitical environment, and particularly in the run-up to the UK autumn budget statement in November," said the company.
"However, we are confident that the growth in revenues delivered in FY25 will be maintained, whilst budgets for the first half of FY26 incorporate the operational expenditure required to complete the updating of the company's systems and controls. Going forward there may yet be additional compliance costs, however we believe any such further costs can be readily met by the Company out of its existing resources," Fiske continued.
By Roya Shahidi, Alliance News reporter
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