Final Results, Annual Report and Notice of AGM

20 October 2025

FISKE PLC

("Fiske" or the "Company" or the "Group")

Final Results, Posting of Annual Report and Notice of AGM

Fiske (AIM:FKE) sets out below its announcement of final audited results for the year ended 30 June 2025.

Highlights

James Harrison, CEO, commenting on the results said:

"We are pleased to report a steady increase in our revenues to £7.9m for the full year to 30 June 2025 (June 2024: £7.4m). Revenue increases across the board were driven by several factors including a steady stream of 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. Our operating profits were heavily impacted in the second half of the year by the compliance driven costs referred to in our interim statement."

Our Annual General Meeting will be held on Thursday 13 November 2025 at 12.30pm at our offices at 100 Wood Street, London EC2V 7AN.

Copies of the 2025 Report and Accounts, including the Notice of AGM and Proxy Voting form will be posted to shareholders shortly and in accordance with rule 26 of the AIM Rules for Companies, this information is also available under the Investor Relations section of the Company's website, www.fiskeplc.com.

The Board has resolved to recommend a final dividend of 0.825p per share for the year to 30 June 2025 (2024: 0.75p). If approved by shareholders at our Annual General Meeting in November, then when added to the interim dividend of 0.275p per share paid to shareholders in April 2025 the total dividend for the year to 30 June 2025 will be 1.1p per share (2024: 1.0p), an increase of 10%. The final dividend will be payable on 14 November 2025 to shareholders on the register on 31 October 2025. The shares will be marked ex-dividend on 30 October 2025.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information, please contact:

Fiske PLCJames Harrison (CEO) Tel: +44 (0) 20 7448 4700100 Wood Street

London

EC2V 7AN

Grant Thornton UK LLP (Nominated Adviser) Tel: +44 (0) 20 7383 5100Samantha Harrison / Harrison Clarke / Elliot Peters

Chairman's and Chief Executive's Report

Trading and revenues

We are pleased to report a steady increase in our revenues to £7.9m for the full year to 30 June 2025 (June 2024: £7.4m). Revenue increases across the board were driven by several factors including a steady stream of 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. Our operating profits were heavily impacted in the second half of the year by the compliance driven costs referred to in our interim statement.

Assets under Management & Administration

Our total client assets under management and administration were £880m as at 30 June 2025 (June 2024: £878m). Of the total client assets 70% are now fee paying and either managed on a discretionary or advisory managed basis.

Costs

Costs have risen by 11% to £7.6m in the year to June 2025. This increase principally relates to increased compliance costs that we have absorbed as we work to improve our compliance related systems and controls following an assessment of our overall compliance framework.

Outturn

Profit on ordinary activities after taxation was £1.35m for the year to June 2025 (June 2024: £821k), an increase of 64% over the year. The cashflow for the year was particularly strong at £1.9m following the receipt of two dividends from our holding in Euroclear during the period.

Net assets

Our shareholder's funds now amount to some £11.4m (2024: £9.8m) which is an increase of 17% over the year. Within this we hold some £6.8m (2024: £4.9m) of cash which is an increase of 38% over the year. Our net asset value has risen to 97p per share (2024: 82p).

Earnings per share

Earnings per share for the year to 30 June 2025 were 11.4p which represents an increase of 65% over the 6.9p for the year to 30 June 2024.

Euroclear

Euroclear's adjusted earnings per share increased by 5% to €367 for the year to 31 December 2024 with a commensurate increase in its dividend. The timing of the dividends paid by Euroclear is such that we received two dividends in this financial year contributing £0.97m to our pre-tax profits.

As in previous years there were several private transactions in Euroclear shares during our financial year and these have helped us to update the appropriate carrying value of our holding in our financial statements to £5.9m (2024: £5.4m). This holding continues to represent a significant store of value on our balance sheet.

Dividend

The Board has resolved to recommend a final dividend of 0.825p per share for the year to 30 June 2025 (2024: 0.75p). If approved by shareholders at our Annual General Meeting in November then when added to the interim dividend of 0.275p per share paid to shareholders in April 2025 the total dividend for the year to 30 June 2025 will be 1.1p per share (2024: 1.0p), an increase of 10%. The final dividend will be payable on 14 November 2025 to shareholders on the register on 31 October 2025. The shares will be marked ex-dividend on 30 October 2025.

Staff

We would like to thank all members of our dedicated staff for their continued commitment and hard work. As a company we have continued to evolve, adapt and improve our operations throughout the year.

Strategy

Our strategy for providing wealth management services includes continuous improvement in our use of technology. During the past year we have invested significant time and effort into upgrading our client data as we adopt a new CRM software system. This new software, which is due to be fully operational this autumn, will allow us to further improve our client servicing capabilities whilst at the same time driving more efficiencies within our operations.

Succession planning remains a key consideration for our recruitment strategy, both for Investment Managers and for our Support and Operations teams.

Consumer Duty & VREQ

Despite our very best efforts to anticipate and implement the requirements of the Consumer Duty as we believed was appropriate for our business, the FCA's data led strategy, in the form of its new annual Wealth sector questionnaire, led them to require the Company to commission a Section 166 report. This was duly completed towards the end of our financial year and resulted in the need to implement several improvements in the compliance related systems and controls which we use to monitor, oversee and manage our investment management business.

As a result of the report the FCA has steered us to enter into Voluntary Requirements whilst we deliver this upgrade in systems and controls. Details of the requirements can be found in the Company's RNS announcement of 24 September 2025. We have already developed a comprehensive plan to deliver these enhancements for our business and are well advanced in implementing these upgrades. We anticipate the majority of this work will be completed within the next six months.

Markets

After the sharp falls in response to President Trump's "Liberation Day" address in the first quarter of 2025, world equity markets have rebounded strongly, and most markets now trade at or near all-time highs. Once again, the mega size US technology stocks were in the vanguard of the recovery since April, however, it has been more broadly based both geographically and across other sectors.

Geopolitical events have not improved over the year and continue to be a cause for concern. President Trump's efforts to broker a peace deal between Russia and Ukraine have been unsuccessful and if anything has emboldened President Putin to provoke further the resolve of Ukraine's Western allies.

President Trump's unpredictable approach to politics and policymaking has made estimating the likely impact of imposing tariffs on its trading partners, cutting government spending and extending tax reductions difficult to forecast. However, recent leading economic indicators would suggest growth rates appear to be trending lower. There is also now more political pressure on the Federal Reserve Board to reduce interest rates at a time when other central banks are holding steady.

While US exceptionalism and investors fear of missing out has driven the US equity market higher the brunt of the uncertainties arising from the current economic policies have been borne by a very weak US dollar, down nearly 10% against sterling this year. It is also no surprise that the price of gold, a traditional currency hedge, has been breaking record highs.

On the domestic front, there is little evidence that the growth mandate promised prior to the Labour Party's landslide election victory is deliverable. On the contrary, higher minimum wages and increases to employer's national insurance costs have hit smaller businesses hard. While the Chancellor tries to stick to her fiscal rules, backtracking on reducing welfare state costs and winter fuel allowance payments has only exacerbated the cost of financing an ever-increasing public sector borrowing requirement. Tax increases in the November budget look inevitable. Meanwhile, yields on long-dated Government Bonds have risen to multi-decade highs as Gilt investors demand a higher return for the likely risks being taken.

Despite all the current uncertainties, over any reasonable time period, equity investments have produced the most attractive returns for the long-term investor, and we believe that this will continue to be the case. At the same time, managing the associated risks of losing permanent capital or controlling short-term volatility is, as ever, best effected through diversification of a portfolio's holdings by maintaining a well spread portfolio containing complementary asset classes.

Outlook

As referred to in our trading statement in September, current trading since the end of FY25 continues in line with management expectations. 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.

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.

Annual General Meeting

Shareholders are invited to attend the Annual General Meeting to be held at our offices at 100 Wood Street, London EC2V 7AN at 12.30 pm on Thursday, 13 November 2025 We would like the opportunity to meet you and for you to meet the management of the Company in which you are invested.

The Board encourages shareholders to submit their votes via the CREST system. Shareholders may also submit questions in advance of the AGM to the Company Secretary via email to [email protected] or by post to the Company Secretary at the address set out on page 60 of the report.

Consolidated Statement of Total Comprehensive Income

For Year ended 30 June 2025

All results are from continuing operations.

Consolidated Statement of Financial Position

At 30 June 2025

These financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025.

Consolidated Statement of Changes in Equity

For Year ended 30 June 2025

Consolidated and Company Statement of Cash Flows

For Year ended 30 June 2025