Fonix plc disclosed its FY26 financial results on September 23, 2026, highlighting robust growth across key metrics and a strategic push into Europe. The company’s total revenue rose 15% year-over-year to £83.3 million, with gross profit expanding 12.9% to £21.0 million. Adjusted EBITDA grew 11.0% to £16.2 million, while adjusted profit before tax increased 8.4% to £15.5 million. Net profit climbed 7% to £11.9 million, reflecting a long-term compound annual growth rate (CAGR) of 19% for gross profit and 23% for adjusted EBITDA from FY18 to FY26.
The company’s total payment volume (TPV) reached £303 million, up 8.0% year-over-year. Operating cash flow before tax stood at £16.7 million, while total assets grew 14% to £66.3 million, with cash and cash equivalents rising 30% to £28.6 million. Total equity increased 7% to £11.3 million, though underlying cash excluding customer funds dipped slightly to £9.4 million from £9.9 million in FY25.
Fonix’s segmental performance showed strength in mobile payments and messaging, with gross profit from these segments accounting for 97% of total gross profit. Mobile payments revenue grew 63% to £52.9 million, while mobile messaging revenue surged 30% to £28.3 million. Gross profit in mobile payments rose 11% to £16.5 million, representing 79% of total gross profit. In contrast, managed services gross profit declined 6% to £774,000.
Geographically, the UK remained the dominant market, contributing £18.3 million (87% of gross profit) to a 12% year-over-year increase. Rest of Europe gross profit grew 16% to £2.7 million, marking Fonix’s expansion into new markets. The company has operated in Ireland since 2022, launched in Switzerland in March 2026 with partnerships like CH Media and Media One Group, and entered Portugal in September 2025. France is in the market entry phase, with a legal entity established and senior local expertise added, targeting a market size of approximately €100 million annually. A sixth European market is set for launch by the end of FY27.
Fonix’s product suite includes PayFlex, an alternative payment mechanism for failed SMS transactions via credit/debit cards, Google Pay, or PayPal, slated for full rollout by the end of FY27. The company also operates CompsPortal, a centralized competition platform for media companies, and RichMessaging, leveraging RCS technology for interactive multimedia messaging. The platform maintained 100% uptime throughout FY26, with 58 employees and 8 new mobile network operator and payment service provider connections added during the year.
Capital allocation remained disciplined, with a £2.4 million share buyback program completed in FY26, compared to a £2.97 million special dividend in FY25. Fonix declared a final dividend of 6.20 pence per share, up from 5.90 pence in the prior year, and a total ordinary dividend of 9.30 pence (up from 8.80 pence ordinary plus a 3 pence special dividend in FY25).
Three Mobile Ireland praised Fonix’s reinvigoration of premium and interactive services in Ireland, while Nicola Bomio, Head of Regional TV & Radio at CH Media, highlighted Fonix as a partner for interactive content offerings.
Fonix’s financial health reflects steady growth and strategic expansion, with 99% of income recurring and an average contract length exceeding nine years for top customers.
