UK's Fiske reports stable HY revenue, operating loss due to higher costs from system updates

Reuters02-26 15:19

UK's Fiske reports stable HY revenue, operating loss due to higher costs from system updates

Overview

UK financial intermediary's interim revenue stable at £3.91 mln, aligning with expectations
Operating loss of £0.292 mln due to increased costs from system updates
Company increased interim dividend by 10% to 0.3025p

Outlook

Company anticipates receiving a £0.55 mln dividend from Euroclear in June 2026
Fiske increases interim dividend by 10% to 0.3025p
Company continues compliance work to enhance business model sustainability

Result Drivers

SYSTEM UPDATES - Increased operational costs due to ongoing updates to systems and controls, necessary for compliance and future growth
ASSETS UNDER MANAGEMENT - Assets under management increased by 8% to £950 mln, reflecting positive investment management performance

Company press release: ID:nRSZ4316Ua

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
H1 Revenue		GBP 3.92 mln
H1 EBIT		-GBP 292,000
H1 Operating Expenses		-GBP 4.21 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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