Pollen Street

POLN · Main Market · Financial Services · mcap £527m · 893.0p

Beta Briefing, track record and signals & risks are not ready for Pollen Street yet.

We follow 964 UK small caps and every one of their announcements – often hundreds per company. 71 companies are already wired into a briefing: browse them.

Financials · balance sheet 30 Jun 26 · last twelve months · today’s market value

Source: results 15 Sep 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £490.3m
Owner’s net cash: −£175.9m
Net cash / market cap: -36%
EV ex leases: £666.2m
Price / tangible book: 1.34×

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 26 (six months to 30 Jun 26), published 15 Sep 26 · read the results ↗

Source ↗

	2026 £’000	2025 £’000
Management fee income	31,098	35,180
Carried interest and performance fee income	5,757	1,955
Interest income on Credit Assets held at amortised cost	13,606	16,970
Gains on Investment Assets held at fair value net of equalisation	3,877	9,733
Total income	54,338	63,838
Expected credit loss release	374	762
Third-party servicing costs	(490)	(566)
Net operating income	54,222	64,034
Administration costs	(24,917)	(24,882)
Finance costs	(7,476)	(8,295)
Operating profit	21,829	30,857
Depreciation	(1,220)	(921)
Amortisation	(320)	(320)
Profit before tax	20,289	29,616
Tax charge	(410)	(1,689)
Profit after tax	19,879	27,927
Other comprehensive income Foreign currency translation reserve	539	(425)
Total comprehensive income	20,418	27,502
Earnings per share (basic and diluted)	33.3 pence	46.0 pence

Source ↗

	30 June 2026 £’000	31 December 2025 £’000
Non-current assets
Credit Assets at amortised cost	244,123	300,098
Investment Assets held at fair value through profit or loss	255,054	236,054
Fixed assets	793	916
Lease assets	3,051	3,763
Goodwill and intangible assets	226,140	226,460
Carried interest	37,673	31,916
Total non-current assets	766,834	799,207
Current assets
Trade and other receivables	33,920	32,475
Current tax receivable	4,570	7,275
Derivative financial assets	-	688
Cash and cash equivalents	14,733	11,899
Total current assets	53,223	52,337
Total assets	820,057	851,544
Current liabilities
Interest-bearing borrowings	286	121
Trade and other payables	25,337	40,399
Lease liabilities	1,578	1,512
Derivative financial liabilities	324	-
Total current liabilities	27,525	42,032
Total assets less current liabilities	792,532	809,512
Non-current liabilities
Interest-bearing borrowings	190,351	199,538
Lease liabilities	1,585	2,352
Deferred tax liability	9,462	10,608
Total non-current liabilities	201,398	212,498
Net assets	591,134	597,014
Shareholders’ funds
Ordinary share capital	593	601
Share premium	535,323	543,129
Retained earnings	54,379	52,984
Other reserves	839	300
Total shareholders’ funds	591,134	597,014

Source ↗

	2026 £’000	2025 £’000
Cash flows from operating activities:
Cash generated from operations	3,703	13,536
Investment in Credit Assets at amortised cost	(44,719)	(63,073)
Distributions received on Credit Assets at amortised cost	111,825	64,667
Purchase of investments at fair value	(47,558)	(19,082)
Proceeds from disposal of investments at fair value	23,112	14,657
Tax paid	-	(1,050)
Net cash inflow from operating activities	46,363	9,655
Cash flows from investing activities
Purchase of fixed assets	(325)	(296)
Net cash outflow from investing activities	(325)	(296)
Cash flows from financing activities
Payment of lease liabilities	(845)	(811)
Drawdown of interest-bearing borrowings	57,020	64,205
Repayments of interest-bearing borrowings	(66,572)	(47,000)
Transaction costs for financing activities	365	385
Interest paid on financing activities	(6,874)	(7,766)
Share buybacks	(7,814)	(6,315)
Dividends paid in the period	(18,484)	(16,528)
Net cash outflow from financing activities	(43,204)	(13,830)
Net change in cash and cash equivalents	2,834	(4,471)
Cash and cash equivalents at the beginning of the period	11,899	11,195
Cash and cash equivalents at the end of the period	14,733	6,724

	H1 26	vs H1 25	H1 25
Revenue to operating profit
EBITDA	21.8	−30%	31.0
Operating profit	21.8	−29%	30.9
Amortisation	(0.3)	0%	(0.3)
Operating profit to net income
Finance costs	(7.5)	−10%	(8.3)
Profit before tax	20.3	−31%	29.6
Tax	(0.4)	−76%	(1.7)
Net income (owners)	19.9	−29%	27.9
Per share
EPS basic	33.3p	–	46.0p
EPS diluted	33.3p	–	46.0p
Dividend per share	28.5p	–	27.0p

	H1 26	vs H1 25	H1 25
Operating activities
Cash from operations	46.4	+380%	9.7
Interest paid	(6.9)	−11%	(7.8)
Tax paid	0.0	n/m	(1.1)
Investing activities
Capex (PP&E)	(0.3)	+10%	(0.3)
Financing activities
Lease principal paid	(0.8)	+4%	(0.8)
Dividends paid	(18.5)	+12%	(16.5)
Share buybacks	(7.8)	+24%	(6.3)

	30 Jun 26	31 Dec 25
Non-current assets
Goodwill	226.1	226.5
Property, plant & equipment	0.8	0.9
Non-current assets	766.8	799.2
Current assets
Trade receivables	33.9	32.5
Cash	14.7	11.9
Current assets	53.2	52.3
Total assets	820.1	851.5
Current liabilities
Trade payables	25.3	40.4
Borrowings, current	0.3	0.1
Lease liabilities, current	1.6	1.5
Current liabilities	27.5	42.0
Non-current liabilities
Borrowings, non-current	190.4	199.5
Lease liabilities, non-current	1.6	2.4
Equity
Total equity	591.1	597.0
Net cash and other figures
Undrawn facilities	48.0	–

	30 Jun 26
Non-current assets
Goodwill	226.1
Property, plant & equipment	0.8
Non-current assets	766.8
Current assets
Trade receivables	33.9
Cash	14.7
Current assets	53.2
Total assets	820.1
Current liabilities
Trade payables	25.3
Borrowings, current	0.3
Lease liabilities, current	1.6
Current liabilities	27.5
Non-current liabilities
Borrowings, non-current	190.4
Lease liabilities, non-current	1.6
Equity
Total equity	591.1
Net cash and other figures
Undrawn facilities	48.0

No annual income statement figures were extracted for this company yet. See the latest results ↗

Read automatically from each results announcement. Check the source before relying on a figure.

Spotted an error in this income statement? Report it

Company filings. Not investment advice.