Duke Capital Limited (LON: DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, has provided guidance on its trading for the third quarter of the financial year ending 31 March 2025, being the three months ended 31 December 2024.
Trading Update
Based on current trading, Duke expects to achieve recurring* cash revenue of £6.5 million in Q3 FY25. This represents a 4% year-on-year increase on Q3 FY24 (£6.3 million) and an increase on the prior quarter, Q2 FY25, which saw the Company deliver record recurring cash revenue of £6.4 million.
Overview of quarterly revenue growth:
Recurring Cash Revenue* | Total Cash Revenue** | |
Q2 FY24 | £6.2 million | £6.2 million |
Q3 FY24 | £6.3 million | £6.3 million |
Q4 FY24 | £5.8 million | £10.2 million |
Q1 FY25 | £6.3 million | £6.8 million |
Q2 FY25 | £6.4 million | £6.8 million |
* Recurring cash revenue excludes exit premium receipts and cash gains from equity sales
** Total cash revenue is monthly cash distributions from Duke’s partners plus exit premium receipts and cash gains from equity sales