IN BRIEF: iForex earnings in line with guidance, revenue "resilient"

iForex Financial Trading Holdings Ltd - British Virgin Islands-based financial services provider - Reports results for the first half of 2026. Revenue decreases 2.2% to USD26.9 million from USD27.6 million the year before, "reflecting resilient client activity despite lower market volatility in the group's core instruments." Adjusted earnings before interest, tax, depreciation and amortisation, which exclude the impact of share-based payment charges and other exceptional costs, fall 74% to USD1.4 million from USD5.4 million, in line with revised guidance announced last week. Cites approximately USD1.8 million of additional costs arising from the strengthening of the Israeli shekel against the US dollar; USD2.4 million in initial public offering and non-recurring public company costs; and a non-cash accounting adjustment of around USD1.0 million. Pretax loss is USD2.4 million, swung from a USD1.7 million profit. Adjusted pretax loss is USD1.9 million, compared with a USD3.3 million profit for the prior year. Company says current trading and outlook are unchanged from last week, when it reiterated 2026 adjusted Ebitda guidance of USD500,000 to USD2.5 million.

"Client acquisition remained strong, we continued to invest in our platform and AI capabilities, and we advanced our plans for geographic expansion," says Chief Executive Officer Itai Sadeh. "Our early months as a listed company have been impacted by challenging trading conditions, but the fundamentals that brought us to market remain intact...We have also been encouraged by trading since the update on [August 19] and remain focused on restoring profitability and delivering sustainable long-term value for shareholders."

Current stock price: 141.00 pence, down 2.8% in London on Thursday

12-month change: down 32%

Copyright 2026 Alliance News Ltd. All Rights Reserved.