CAB Payments profit falls amid higher costs but confident in future

CAB Payments Holdings PLC on Thursday hailed a ‘significant market opportunity’ for the company, saying it is confident for the second half of the year.

The London-based payment processing and foreign exchange provider said pretax profit fell 78% to £3.1 million in the first half of 2025 from £13.7 million a year ago.

Net interest income rose 42% to £13.2 million from £9.3 million.

Operating expenses increased 13% to £48.1 million from £42.4 million. Notably, non-underlying items costs increased to £4.2 million from £1.0 million.

Chief Executive Officer Neeraj Kapur said: ‘There is a significant market opportunity for us to serve more clients in hard-to-reach currencies. The foundations we have built in the first half give us confidence to continue growing into the second half of the year.’

Looking ahead, CAB Payments said: ‘The business has made strong strategic progress during the first half of 2025, with financial performance stabilised and income showing modest growth compared to the second half of 2024.

‘Given the progress made on key strategic priorities, the increase in the number of active clients and market initiatives now live, the business is expecting an improved performance in the second half of 2025 and maintains the expectation of overall year-on-year income growth for the 2025 financial year along with more meaningful growth in 2026.’

CAB Payments shares were down 7.0% to 46.35 pence on Thursday afternoon in London.

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