By Aimee Look
PCI-PAL shares rose after the London-listed payments company reported a rise in fiscal 2025 earnings as it benefits from the board's 'go-to-market' strategy.
Shares were up 12% at 51.0 pence in mid-morning European trading. However, they are currently 18% lower over the year to date.
The company on Tuesday said that adjusted pretax profit--which strips out exceptional and other one-off items--for the year ended June 30 was 810,000 pounds ($1.1 million) compared with a loss of 570,000 pounds in the prior fiscal year. Revenue rose to 22.5 million pounds from 17.96 million pounds.
The company had previously provided an adjusted pretax profit market forecast of 800,000 pounds and revenue of 22.4 million.
Annual recurring revenue, a key industry metric, rose to 19.3 million pounds from 15.45 million pounds, which the company said was the largest increase delivered by the group.
The company said that its performance for fiscal 2026 to date has been in line with management expectations, without providing figures.
"With our enhanced strategy now in place, we fully intend to invest and execute at pace to maximize the significant growth opportunity ahead," Chief Executive James Barham said.
It said the company appointed Kathy Varney as chief marketing officer and Geoff Forsyth as chief information security officer.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
September 09, 2025 05:12 ET (09:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.