Finseta H1 Revenue Slips to £5.4 Million as EBITDA Swings to £1 Million Loss

The useful part

Finseta's first-half revenue slipped 8.5% to GBP 5.4 million (about $7.31 million), the AIM-listed payments company said today (Tuesday). Active customers rose 26% to 1,389, but the larger base generated less revenue. That extends the earnings pressure reported in Finseta's 2025 results and leaves the company expecting about GBP 11 million of revenue for 2026, roughly 11% below last year's total.

How it works

• Finseta reported 42% first-half revenue growth in 2024, followed by full-year revenue of GBP 11.3 million and adjusted EBITDA of GBP 2 million.
• Revenue per Customer Falls as Client Count Rises Revenue per active customer was about GBP 3,888, based on the figures in Tuesday's update.
• That is nearly 28% below the roughly GBP 5,359 generated in the first half of 2025.
• Finseta attributed the decline to macroeconomic pressure across its main markets, which it said reduced customer demand and lengthened sales cycles.
• The company had reported 16% revenue growth in the year-earlier period, when active customers reached 1,101.

Details worth keeping

The company used 63% as the H1 2025 comparison in Tuesday's announcement. Its preliminary update last July had put the margin at about 62%. [#highlighted-links#] The direction was different two years ago.