Duke Capital reports interim results, steady growth in recurring revenue

Duke Capital Limited (LON: DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, has announced its interim results for the six-months ended 30 September 2024.

Financial Highlights

·        Recurring cash revenue* totalled £12.7 million, an increase of 4% on Interim 2024 (£12.2 million)

·        Total cash revenue of £13.5 million, down 4% from the prior period (Interim 2024: £14.1 million)

·        Free cash flow** of £5.9 million, down 26% from Interim 2024 (£7.9 million) – fewer investment exits delivered in the current period compared to Interim 2024

·        Cash dividends of 1.40 pence per share paid to shareholders (Interim 2024: 1.40 pence per share)

Operational Highlights

·        Deployed over £15 million of capital into existing Capital Partners

·        Completed a £23.5 million fundraise post period end to support portfolio M&A and progress Duke’s third party, non-dilutive funding strategy to accelerate scale

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