Trading Update
Q2 FY26 recurring cash revenue expected at £6.6m, up 3% year-on-year and in line with Q1 FY26.
- Recurring cash revenue Q2 FY26 £6.6 million
- Recurring cash revenue Q2 FY25 £6.4 million
- Year-on-year growth 3%
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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 second quarter of the financial year ending 31 March 2026 ("Q2 FY26").
Trading Update
Based on current trading, Duke expects to achieve recurring cash revenue* of £6.6 million in Q2 FY26. This represents a 3% year-on-year increase on Q2 FY25 (£6.4 million) and in line with the prior quarter, Q1 FY26.
Overview of quarterly revenue growth:
| Recurring Cash Revenue* | Total Cash Revenue** | |
| Q1 FY25 | £6.3 million | £6.8 million |
| Q2 FY25 | £6.4 million | £6.8 million |
| Q3 FY25 | £6.5 million | £6.5 million |
| Q4 FY25 | £6.4 million | £6.8 million |
| Q1 FY26 | £6.6 million | £6.6 million |
* Recurring cash revenue excludes exit premium receipts and cash gains from equity sales
Neil Johnson, CEO of Duke Capital, said:
"Our business model continues to show its resilience in a challenging UK market where we have seen persistent high inflation. Despite this, we have consistently delivered year-on-year increases in our recurring cash revenues. During the last quarter, we were pleased to see the UK base rate fall in August. Our business model and attractiveness to investors benefits with lower interest rates. Along with our strong balance sheet, this will enhance our ability to deliver long-term, sustainable value for shareholders."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.