Trading and Operational Update
Q4 FY25 recurring cash revenue expected at £6.5m, up 12% year-on-year. Follow-on investment completed.
- Q4 FY25 recurring cash revenue £6.5 million (prior £5.8 million)
- Year-on-year growth 12%
- Follow-on investment in BPVA £1.9 million
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Duke Capital Limited (AIM: DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, is pleased to provide guidance on its trading for the fourth quarter of the financial year ending 31 March 2025 ("Q4 FY25").
Trading Update
Based on current trading, Duke expects to achieve recurring cash revenue* of £6.5 million in Q4 FY25. This represents a 12% year-on-year increase on Q4 FY24 (£5.8 million) and equal to the prior quarter, Q3 FY25, which saw the Company deliver recurring cash revenue of £6.5 million.
Overview of quarterly revenue growth:
| Recurring Cash Revenue* | Total Cash Revenue** | |
| Q3 FY24 | £6.3 million | £6.3 million |
| Q4 FY24 | £5.8 million | £10.2 million |
| Q1 FY25 | £6.3 million | £6.8 million |
| Q2 FY25 | £6.4 million | £6.8 million |
| Q3 FY25 | £6.5 million | £6.5 million |
* Recurring cash revenue excludes exit premium receipts and cash gains from equity sales
Operational Update
In February, Duke completed a £1.9 million follow-on investment into BPVA (Ireland) Limited to facilitate the acquisition of Pinta Crew Limited, an Irish consultancy business specialising in helping Irish and international organisations optimise their people, processes and resources.
Neil Johnson, CEO of Duke Capital, said:
"Despite the UK's stickier inflationary pressures, we are pleased to report that we are on track to achieve a solid year-on-year increase in recurring cash revenues for Q4 FY25. This performance reflects the strength of our business model in navigating challenging market conditions, while our follow-on investment in BPVA underscores our commitment to supporting our portfolio. With a strong balance sheet, we are confident we can deliver long-term, sustainable value for shareholders."
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