Manolete Partners PLC (MANO.L), a UK insolvency claims financing company, Friday reported strong trading performance for the second half, and said it expects significantly higher adjusted realised profit before tax for fiscal 2026, above expectations. Meanwhile, revenues for the year would be lower than last year, but in line with expectations.
Further ahead, for fiscal 2027, the company said its Board is confident of increasing realised revenue and realised profit before tax, citing the growth in the forward book and the backdrop of an improving insolvency market.
On the LSE, shares of Manolete were losing around 16 percent, trading at 42.00 pence.
In its full-year trading statement, the company said it expects adjusted realised profit before tax to be 1.9 million pounds, versus 0.6 million pounds a year ago.
Manolete expects fiscal 2026 realised revenue of about 28.0 million pounds, compared to 29.5 million last year. The revenue outturn reflects more higher-value, higher-margin case completions in the second half, as expected.
The company compiled consensus for realised profit before tax was 1.5 million pounds and realised revenue was 28.3 million pounds.
The forward book rose 37 percent to 67 million pounds from 49 million pounds a year earlier. According to the firm, the growth supports confidence for increased revenue and profits in fiscal 2027.
Large cases with a forecast revenue over 0.5 million pounds comprise 32 million pounds of the forward book, up from 21 million at prior year end, reflecting higher-value cases being signed.
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