Sparks commentary

TMT

Sparks

Fonix (AIM: FNX) in line FY25 trading update
Published by Katherine Thompson

In its year-end trading update (year to 30 June 2025), Fonix reported 3.9% growth in gross profit to £18.6m (consensus £18.2m) and adjusted EBITDA growth of 6.6% to £14.6m (consensus £14.5m).  TPV declined 7.3% to £281m reflecting a lower number of charity campaigns and the planned exit of low margin services. In FY25, the company maintained its leading position in the UK, secured new wins with GB News and News UK, and continued to grow across the UK and Ireland. Demand for new products was strong, particularly in Q425 and these offerings are expected to drive meaningful new revenue streams from FY26. For FY26 and beyond, Fonix expects to drive growth through geographic expansion (full commercial launch in Portugal expected in September, overseas entities are being established in two additional European countries, and the company plans to enter a third new market) and exploiting new products (PayFlex, CompsPortal and RCS).

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