sur Funding Circle Plc (isin : GB00BG0TPX62)
Funding Circle Plc Reports Positive 2024 Financial Performance
Funding Circle Holdings plc, the UK's leading SME lending platform, has released its trading update for the fiscal year ending December 31, 2024. The company reports strong business performance, aligning with the Board’s expectations, and anticipates positive profit before tax for the full year, consistent with its upgraded guidance announced in September 2024.
In October 2024, Funding Circle initiated a £25 million share buyback program, with £10 million in ordinary shares already repurchased and cancelled. This strategic move is part of the company's focus on streamlining operations and enhancing shareholder value.
CEO Lisa Jacobs emphasizes the successful simplification and profitability efforts, including the sale of the US business last July. Looking forward, Funding Circle aims to advance its medium-term plan and expand finance options for SMEs further into 2025.
R. H.
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