23rd Jan 2025 11:59
Fonix PLC - London-based mobile payments and messaging services for media, telecommunications and other enterprise clients - Expects to report gross profit of GBP9.8 million in the six months to December 31, up 6.5% from GBP9.2 million a year prior, and in line with its own expectations. Adjusted earnings before interest, tax, depreciation and amortisation climbs 6.8% on-year to GBP7.8 million from GBP7.3 million. Fonix declares a special dividend of 3.0 pence per share, which it says underscores its confidence in its business model and its ability to generate sustainable returns for stakeholders. Further, the company intends to pay an increased dividend in March, compared to a 2.6p per share dividend it had declared in March 2024.
While noting that in Portugal the company has secured contracts with all mobile network operators, Chief Executive Officer Rob Weisz says: "At the same time, we continue to make good progress on exploring new opportunities in other European markets and advancing innovations on our product roadmap, which we expect to drive revenue growth from FY26 onwards. These achievements position us well for long-term success."
Current stock price: 216.90p each, up 5.3% on late Thursday morning in London
12-month change: up 0.9%
By Tom Budszus, Alliance News slot editor
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