IN BRIEF: Sancus says tough backdrop hitting 'activity levels'

Sancus Lending Group Ltd - alternative financial services provider - Revenue in four months to April 30 increases 44% to £8.5 million from £5.9 million a year prior. ‘The board remains encouraged by the continued growth in revenues and assets under management and by the resilience of origination volumes in challenging market conditions. However, the current geo-political and macro-economic backdrop continues to impact activity levels across the group’s markets and has resulted in slower deployment of capital than originally anticipated and a longer duration of loans,’ Sancus Lending says. ‘The board remains focused on disciplined deployment of capital, margin management and growing assets under management through the remainder of the financial year, whilst remaining mindful of the uncertain market environment.’

Sancus reports results for the first half of 2026 in September.

In addition, it has issued £500,000 worth of Sancus Bonds to Somerston Fintech Ltd, its majority shareholder. The bonds have an 8% coupon and they mature in October 2027. ‘The proceeds of the subscription will provide the group with additional working capital flexibility,’ Sancus says.

Current stock price: 1.14 pence, down 8.8% on Tuesday in London

12-month change: up more than double from 0.48p

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