FinTech

Listed FinTech group TruFin expects its adjusted profit before tax to be ahead of previously guided expectations and jump a whopping 720% year-on-year.

After posting 拢900,000 profit in FY24, it expects to report PBT of 拢7.4m in FY25.

Adjusted EBITDA is expected to be in excess of 拢11.8m (FY24: 拢7.6m). Group revenue is expected to be approximately 拢63m (FY24: 拢55m).

The group鈥檚 exceptional financial performance during 2025 was predominantly driven by Playstack, which benefited from continued momentum in 2024 hits Balatro and Abiotic Factor, alongside new 2025 releases Void/Breaker and UNBEATABLE.聽

It upgraded its 2025 outlook just last month after the release of the latter, expecting full-year revenue, adjusted EBITDA and profit before tax to exceed 拢60.3 million, 拢11.2m and 拢7m respectively. These have now yet again been pushed up.聽

Playstack鈥檚 performance has been broad-based, with back-catalogue titles expected to make up around half of its revenue in 2026, while the business also picked up multiple industry accolades over the year.

Last year was TruFin鈥檚 first in the black but 2025鈥檚 figure is a marked improvement – a year which also saw the appointment of gaming industry veteran Sean Brennan as an independent non-executive director.聽

The London-based firm also owns the Oxygen and Satago brands.

Oxygen continued to deliver steady growth despite disruption caused by the Procurement Act, increasing revenue by 17% to 拢9m and growing EBITDA by 48% to 拢3.4m.聽

The business secured four new early payment clients, renewed seven existing contracts, maintained 100% client retention, and ended 2025 with a record 65 clients and 拢1.8bn in signed spend supporting momentum into 2026.

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Satago also made progress after a restructure, with losses expected to narrow to no more than 拢2.7m, following a major cost reduction programme and a refocus on its core credit control platform.聽

The group ended the year with at least 拢12m in cash, after completing 拢8m of share buybacks in 2025 and said it remains focused on delivering profitable growth and disciplined capital allocation in 2026.

Its shares are up to 121p – a 2.5% increase so far today and a 46% increase in the last 12 months.聽

鈥2024 was hard to beat – but we did so convincingly,鈥 said James van den Bergh, CEO of TruFin.

鈥淲ith the foundations firmly in place, we will maintain our disciplined approach to capital allocation and work hard to deliver for shareholders in 2026 and beyond.

鈥淭ruFin’s tactical goal has always been to post years of profitable growth, and this was clearly demonstrated in 2025.聽

鈥淭his profitable growth has also allowed the board to invest further within the group, positioning us to deliver for shareholders in the years ahead.

鈥淲ith eight new releases anticipated in 2026, including the much-anticipated Mortal Shell 2, Playstack has all the ingredients required to continue delivering for shareholders in the years ahead.

鈥淥xygen delivered yet again in 2025, growing the top line by 17% in a challenging environment.

鈥淎s planned, Satago has successfully reduced its cost base, resulting in a significantly improved loss before tax for the year ended 31st December 2025.聽

鈥淭he business is now fully focused on growing usage of its existing platform, leveraging its partnerships and converting its mature pipeline.聽

鈥淎 substantial amount of work has been undertaken over the past 18 months and, while further progress is still to be made, the foundations are now in place for a streamlined and profitable business.

鈥淚 would like to once again thank our shareholders for their continued support. 2025 was another standout year, leaving TruFin in an enviable position from which to drive further shareholder value.鈥

Ex-Halifax, HSBC & Lloyds figure appointed CIO at BGF