Trufin

TRU · AIM · Financial Services · mcap £54m · 100.0p

TruFin is an AIM-listed holding company that owns Oxygen Finance (early payment programmes for public sector suppliers) and Satago (invoice financing technology). It sold its Playstack games publishing stake in 2026.

Target	Promise	Said	Status
2024
2024	Reiterate market expectations for 2024 and beyond.	4 Jan 2024	✗ Missed · target changed
	“TruFin is reiterating market expectations for 2024 and beyond” Result Guidance was raised repeatedly in 2024; FY24 EBITDA came in at £7.6m versus a loss expected earlier. “TruFin is pleased to announce that its trading performance for the 12 months ended 31 December 2024 is expected to be significantly ahead of market expectations.”13 May 2024 · Trading Statement “Having significantly outperformed market expectations in 2024, including several upgrades to our numbers throughout the year, it is with great pleasure that I can present these exceptional annual results in full.”26 Mar 2025 · Final Results
31 Dec 2024	Release Rise of the Golden Idol sequel in second half of 2024.	22 Feb 2024	✗ Missed
	“Rise of the Golden Idol due for release in the second half of the year” Result September 2024 update moved release to November 2024 on PC, console and Netflix; no later release is confirmed. “Playstack's next major release in November will be Rise of the Golden Idol on PC and Console, and - in partnership with Netflix - on Apple and Google devices.”17 Sep 2024 · Half-year Results
2025
31 Dec 2025	Playstack to release seven to eight games during 2025.	6 Jan 2025	✗ Missed · target changed
	“continued the planned work required for the release of 6 games in the second half of 2025” Also stated 26 Mar 2025 · 17 Sep 2025 Result Target moved from eight to seven titles, then six in H2; Unbeatable launched in late 2025, final count not stated. “Playstack, which won Ukie's "Best UK Publisher" award in March 2025, plans to release seven additional titles during 2025”26 Mar 2025 · Final Results “The Board is confident in a strong H2 driven by key scheduled releases including the recent launches of Abiotic Factor in July and Void/Breaker in August; and the highly anticipated music beat-matching game Unbeatable scheduled for later in the year. Playstack has three other games due for release in 2025.”17 Sep 2025 · Half-year Results
Today · 13 Oct 2026
2026
31 Dec 2026	FY26 revenues over £55m with Group EBITDA margin of at least 20%.	18 Nov 2024	✗ Missed · target changed
	“the Board expects 2026 revenues for the Group to be more than £55m with an expected Group EBITDA margin of no less than 20%” Result Playstack, the main revenue source, was sold in 2026; continuing H1 2026 gross revenue was only £5.9m. 17 Sep 2026 · Interim Results and Directorate Change
31 Dec 2026	Playstack to release eight titles in 2026 including Mortal Shell II and Raccoin.	15 Jan 2026	✗ Missed · target changed
	“Playstack expects to release 8 titles in 2026 including the hotly anticipated Mortal Shell II and Raccoin” Also stated 18 Mar 2026 Result Playstack stake sold, expected to complete June 2026; releases no longer TruFin's to deliver. “Playstack expects to release 8 titles in 2026 including the hotly anticipated Mortal Shell II and Raccoin”18 Mar 2026 · Final Results “TruFin is pleased to announce that it has conditionally agreed to sell its 84.5 per cent. interest in Playstack Limited”21 May 2026 · Proposed disposal of Playstack Limited
31 Dec 2026	Playstack to deliver another year of profitable growth in 2026.	23 Jan 2026	✗ Missed · target changed
	“it will deliver yet another year of profitable growth in 2026 for shareholders” Result Playstack was sold in 2026, so it is reported as discontinued operations. “Profit from discontinued operations was £74.9m following the sale of Playstack Limited and its subsidiaries ("Playstack") during the period”17 Sep 2026 · Interim Results and Directorate Change
2027
17 Mar 2027	Playstack pipeline of 12 title releases over the next 18 months.	17 Sep 2025	✗ Missed · target changed
	“Playstack has already secured a pipeline of 12 further title releases over the next 18 months” Result Playstack was sold in 2026, so the pipeline will not be delivered within TruFin. “TruFin is pleased to announce that it has conditionally agreed to sell its 84.5 per cent. interest in Playstack Limited”21 May 2026 · Proposed disposal of Playstack Limited