The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m.
FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.
FD
Technologies (LSE: FDP) reported today (Tuesday) a 7% decline in revenue to
£118.2 million for the first half of fiscal year 2025 (H1 FY25), highlighting
ongoing challenges in its business transformation journey. The company's
financial results revealed mounting pressures on profitability despite stable
gross margins.
The
technology firm's adjusted EBITDA dropped 26% to £10.5 million, while net debt
increased significantly to £19.8 million, up 84% from the previous year's £10.8
million. The company's bottom line showed a widening loss before tax from
continuing operations of £11.1 million, compared to a £1.6 million loss in the
same period last year.
Despite the
revenue headwinds, FD Technologies maintained its gross profit relatively
stable at £52.1 million, demonstrating resilience in its core business margins.
The company acknowledged an expected churn rate of 8–10% in the current fiscal
year, with improvements anticipated in FY26 and beyond.
Source: FD Technologies
The
financial results reflect the company's ongoing strategic repositioning, with
reported diluted loss per share increasing to 54.6 pence, compared to 22.2
pence in the previous year. Adjusted earnings metrics also showed pressure,
with adjusted diluted loss per share at 8.1 pence, down from a positive 4.4
pence in the comparative period.
Revenue of the Sold First
Derivative Also Declines
FD
Technologies recently announced a plan to sell its First Derivative business to EPAM Systems for £230
million. The transaction, expected to close before year-end, is part of the
company's strategic move to concentrate on its high-growth KX division, which
specializes in real-time analytics and AI-driven solutions.
“We have
made significant strategic and operational progress in the first half, with the
divestment of First Derivative and strong execution in KX,” commented Seamus Keating, the
CEO of FD Technologies. “Following the completion of the sale of
First Derivative, we expect to return cash to shareholders, in line with our
disciplined approach to capital allocation, and KX will be a pure-play,
high-growth software.”
Meanwhile,
the KX division saw a 5% revenue growth, reaching £39.5 million. Its annual
contract value (ACV) also increased to £7.4 million, aligning with the
company's forecasted range of £6–8 million.
Regarding the fiscal year 2024, FD Technologies reported a total revenue of
£248.9 million. The KX division showcased robust performance, with revenue
increasing by 12% in constant currencies to £79 million. Recurring revenue
emerged as a key growth driver for KX, rising 19% year-over-year. This
recurring component now represents 86% of the division’s total revenue, up from
81% in the previous fiscal period, underscoring the division's growing reliance
on stable, long-term revenue streams.
FD
Technologies (LSE: FDP) reported today (Tuesday) a 7% decline in revenue to
£118.2 million for the first half of fiscal year 2025 (H1 FY25), highlighting
ongoing challenges in its business transformation journey. The company's
financial results revealed mounting pressures on profitability despite stable
gross margins.
The
technology firm's adjusted EBITDA dropped 26% to £10.5 million, while net debt
increased significantly to £19.8 million, up 84% from the previous year's £10.8
million. The company's bottom line showed a widening loss before tax from
continuing operations of £11.1 million, compared to a £1.6 million loss in the
same period last year.
Despite the
revenue headwinds, FD Technologies maintained its gross profit relatively
stable at £52.1 million, demonstrating resilience in its core business margins.
The company acknowledged an expected churn rate of 8–10% in the current fiscal
year, with improvements anticipated in FY26 and beyond.
Source: FD Technologies
The
financial results reflect the company's ongoing strategic repositioning, with
reported diluted loss per share increasing to 54.6 pence, compared to 22.2
pence in the previous year. Adjusted earnings metrics also showed pressure,
with adjusted diluted loss per share at 8.1 pence, down from a positive 4.4
pence in the comparative period.
Revenue of the Sold First
Derivative Also Declines
FD
Technologies recently announced a plan to sell its First Derivative business to EPAM Systems for £230
million. The transaction, expected to close before year-end, is part of the
company's strategic move to concentrate on its high-growth KX division, which
specializes in real-time analytics and AI-driven solutions.
“We have
made significant strategic and operational progress in the first half, with the
divestment of First Derivative and strong execution in KX,” commented Seamus Keating, the
CEO of FD Technologies. “Following the completion of the sale of
First Derivative, we expect to return cash to shareholders, in line with our
disciplined approach to capital allocation, and KX will be a pure-play,
high-growth software.”
Meanwhile,
the KX division saw a 5% revenue growth, reaching £39.5 million. Its annual
contract value (ACV) also increased to £7.4 million, aligning with the
company's forecasted range of £6–8 million.
Regarding the fiscal year 2024, FD Technologies reported a total revenue of
£248.9 million. The KX division showcased robust performance, with revenue
increasing by 12% in constant currencies to £79 million. Recurring revenue
emerged as a key growth driver for KX, rising 19% year-over-year. This
recurring component now represents 86% of the division’s total revenue, up from
81% in the previous fiscal period, underscoring the division's growing reliance
on stable, long-term revenue streams.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
ASX Faces $150M Capital Charge After Scathing Inquiry Finds Years of Neglect
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
