Fonix shares rise as profit and revenue climb; confident in outlook

Fonix PLC on Tuesday said Portugal represents one of its biggest opportunities as it reported a rise in annual profit and revenue.

The London-based mobile payments and messaging services provider said pretax profit climbed 8.4% to £15.6 million in the financial year ended June 30, from £14.4 million a year prior.

Adjusted earnings before interest, tax, depreciation and amortisation were 11% higher at £16.2 million compared to £14.6 million.

Revenue rose 15% to £83.3 million from £72.8 million, while cost of sales increased 15% to £62.3 million from £54.2 million.

The company made 83% of its revenue in the UK in both financial years 2026 and 2025, with the rest made in Europe.

Fonix recommended a final dividend per share of 6.20 pence, up 5.1% from 5.90p a year ago. This brings the total annual payout to 9.30p, down 24% from 11.80p but up 2.3% from 8.80p when excluding financial 2025's special dividend of 3.00p. Regarding the prior special dividend, Fonix at the time said it reflected "the company’s continued robust financial performance and strong cash generation."

Chief Executive Officer Rob Weisz said: "Internationally, we expect Portugal, Switzerland and France to contribute to growth this year. Portugal represents one of our biggest opportunities and we are actively working to unlock the market constraints that have held back faster progress. Both of our Swiss broadcast customers want to scale, and in France we expect to move beyond this year's connectivity work and into direct commercial engagement with broadcasters. We have also completed mobile network connectivity in a sixth market, laying the groundwork for a further international launch as we move through FY27.

"Six markets, multiple products, one platform: I have never been more confident in Fonix's ability to deliver its next phase of growth."

Fonix shares rose 12% to 191.35 pence each on Tuesday afternoon in London.

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