Resultados provisionales
12 de marzo de 2024
Fonix Móvil plc
("Fonix" o la "Compañía")
Resultados intermedios de los seis meses finalizados el 31 de diciembre de 2023
Strong trading momentum continues with further international growth opportunities
Fonix, the UK focused mobile payments and messaging company, is pleased to announce its unaudited interim results for the six months to 31 December 2023 (the "Period").
Aspectos financieros más destacados
1S del año fiscal 24 | 1S del año fiscal 23 | Cambios | |
Beneficio bruto | 9.2m | 7.8m | + 17.9% |
EBITDA ajustado1 | 7.3m | 6.2m | + 17.7% |
Interim DPS | 2.60p | 2.36p | + 10.2% |
PBT ajustado2 | 7.4m | 5.9m | + 25.4% |
EPS ajustado3 | 5.7p | 4.9p | + 16.3% |
Underlying cash at period end4 | 11.2m | 8.4m | + 33.3% |
Flujos de efectivo libres subyacentes netos de las actividades operativas4 | 6.6m | 5.5m | + 20.0% |
Aspectos operacionales destacados
· Record levels of commercial trade were achieved in December.
· New Subscription Manager product has now been released in preparation for major charity events in 2024.
· Fonix continúa manteniendo una alta retención de clientes, con más del 99% de los ingresos de naturaleza recurrente.
· 100% platform uptime throughout the Period whilst supporting record levels of transactions and consumer engagement.
· Fonix's key service lines have each grown in the Period and the business retains a significant pipeline of enterprise prospects going into H2 FY24.
· Increased interim dividend of 2.6p (FY23: 2.36p) per share, in line with the company's progressive dividend policy to pay out at least 75% of adjusted EPS.
· Underlying free cash at £11.2m (H1 FY23: £8.4m) at the Period end, with the Board considering options for use of surplus cash, which may be returned to shareholders in the form of a special dividend or further share buy-backs.
Outlook
The second half of the year has started strongly with performance in line with recently upgraded expectations. As was the case in previous years, we are expecting gross profit to be slightly weighted towards the first half of this financial year, due to some seasonality in the trade of our significant media customers.
In line with our growth plans, we will continue to invest more in future growth, with further investment into product as well as investments in organic international growth, as we look to continue to deliver sustainable, highly profitable growth for our shareholders.
The Company has a strong pipeline of commercial opportunities, including significant enterprise deals in the UK and overseas, which provides the Board with confidence in the ongoing success of the business. We look forward to updating shareholders at the appropriate time as we progress through the current financial year.
Notas
1 El EBITDA ajustado excluye los cargos por pagos basados en acciones junto con la depreciación, amortización, intereses e impuestos de la medida de ganancias.
2 El PBT ajustado es la ganancia antes de impuestos, excluyendo los cargos por pagos basados en acciones.
3 Las EPS ajustadas son las ganancias por acción, excluyendo los cargos por pagos basados en acciones.
4 El efectivo subyacente es el efectivo real, excluyendo el efectivo mantenido en nombre de los clientes.
Rob Weisz, director ejecutivo, comentó:
"We've made excellent progress on our strategic priorities in the period, once again nurturing significant growth from both established clients and newly onboarded customers alike.
As we have begun to explore overseas markets we have identified territories with favourable market dynamics and exciting growth potential. At the same time we have continued to add significant additional depth to our product offering, expanding our competitive advantage and creating the founding dimensions for growth into the future."
Consultas
Fonix Móvil plc Tel: +44 20 8114 7000
Robert Weisz, director ejecutivo
Michael Foulkes, director financiero
Cavendish Capital Markets Limited (Nomad y Broker) Tel: +44 20 7220 0500
Jonny Franklin-Adams / Seamus Fricker (Finanzas corporativas)
Sunila de Silva (ECM)
Sobre Fonix
Fundada en 2006, Fonix ofrece pagos móviles y servicios de mensajería para clientes en medios, telecomunicaciones, entretenimiento, empresas y comercio.
Cuando los consumidores realizan pagos, se les carga a la factura de su teléfono móvil. Este servicio se puede utilizar para emisión de boletos, contenido, depósitos en efectivo y donaciones. El servicio de Fonix funciona cargando pagos digitales a la factura del teléfono móvil, ya sea a través de la facturación del operador o de la facturación por SMS. Fonix también ofrece soluciones de mensajería.
Con sede en Londres, Fonix es una empresa de rápido crecimiento impulsada por clientes de primera línea como ITV, Bauer Media, RTÉ, Global Media, Comic Relief y Children in Need, por nombrar algunos.
revisión del director general
Fonix has continued to make strong progress on its strategic and financial goals in the first six months of the financial year, achieving double-digit period-on-period growth in gross margins and profitability. Gross profit growth has been particularly strong outside the UK where customers onboarded in the previous financial year have continued to see substantial growth this financial year.
Fonix's two core business lines of mobile payments and mobile messaging have each grown strongly in the period, increasing by 14% and 53% year-on-year respectively. Mobile payments remains the business's primary commercial focus and represented 82% (H1 FY23: 84%) of gross profits. Mobile messaging continued to grow strongly due to higher demand from existing customers, who increased their adoption of Campaign Manager's marketing capabilities, as well as strong demand from new clients.
Total Payment Value (TPV) represents the gross value of consumer spend on both commercial and charity customer services. TPV growth from Fonix's commercial clients remained strong in the period and was largely proportional to the increase in gross profits. Charity TPV grew marginally year-on-year as we started to see a slight recovery in the level of consumer giving this financial year.
Oportunidad de mercado
The market for Fonix's services in our core markets continues to be significant and growing, with Fonix considered to be the leading provider of interactive services in both the UK & Ireland.
By maintaining our strategy of focusing on sectors where we see sustainable growth potential, we see many opportunities to expand our services into new geographical markets and broaden our business offering through the value chain of our existing customers. Through our collaborative customer relationships, our Campaign Manager product is gradually evolving to become agnostic to particular payment methods and messaging channels. This shift means that we increasingly view alternatives to mobile payments and SMS, such as debit card payments or WhatsApp messaging as opportunities for further growth and differentiation. Once again, working in partnership with our key customers, we are already on a journey of engineering these technologies into our core products.
Estrategia de crecimiento
Fonix continues to take a balanced approach to sustainable growth, looking to achieve a material percentage growth in gross profits, whilst ensuring we allocate ample resources to enhancing our products and geographical presence. Guided by this strategy, the company has bolstered its planned investment in product development and dedicated resources to facilitate international expansion.
The business has made good progress with each of its growth strategy pillars, which continue to guide our decision making and how we invest:
1. Grow & deepen existing relationships
Gross profits from key commercial customers have continued to grow solidly in the period, demonstrating the continued resilience of Fonix's business model in a challenging economic environment. We continue to forge deeper relationships with our biggest clients and find new commercial opportunities for growth from these accounts. At the same time, the majority of our larger customers now refer to Fonix as a 'partner' (rather than a supplier) signifying the collaborative nature of our relationship and emphasising the mutual trust, shared goals, and commitment to long-term success. These alliances remain one of Fonix's most understated competitive advantages. The company continues to have over 120 active customers.
In the Republic of Ireland we have further elevated our position in the market by helping coordinate the industry response to the proposed new gambling regulation bill, which has the potential to span into the governance of interactive services in the region. Whilst the new legislation may pose a risk to the operation of prize draw competition services in Ireland (as described in more detail on page 25 of the company's Annual report and Accounts 2023), our past experience of liaising with regulators in the UK has proved invaluable in helping us guide customers and operators on the best way to respond and engage with regulators.
2. Take a disciplined sector focus
We continue to take a sector focused approach to growth, leveraging our significant reference clients and partnerships, as well as building sophisticated industry specific features into our products.
The media sector remains the cornerstone of our business, comprising 80% of gross profits during the period. As well as advancing customer prospects in the UK and Ireland, media broadcasters also represent our primary commercial focus when exploring new international markets. Leveraging over a decade of significant product investment in this domain, Fonix maintains a substantial competitive edge, positioning us favourably for expansion into new overseas territories.
This financial year has seen the beginning of a recovery in consumer donations to charity, suggesting the downward pressure from the cost of living crisis may be tapering off. The market for charity donations continues to be significant, and with carrier billing payments offering a 'near-free' commission model, coupled with Fonix's outstanding reference clients, there remains many more opportunities for expansion in this market.
Beyond media and charity, we continue to target a number of new opportunities in online services, particularly in gaming and e-mobility sectors, where we can clearly demonstrate the reduction in basket abandonment achieved by incorporating carrier billing as an alternative payment option in a consumer's checkout flow.
3. Create sustainable, long-term profitability for shareholders
Fonix continues to achieve material growth in gross profits and adjusted EBITDA, with both growing 17.9% and 17.7% respectively year-on-year in the period. With our core commercial focus remaining on large, multinational clients with relatively long sales cycles, and our priority on nurturing new clients to ensure that they are transacting to their full potential, we continue to take a considered approach to growth by balancing new business wins and international expansion efforts with driving transactions with existing clients. We believe this remains the best approach for providing a long-term return to shareholders.
4. Be client and partner led with international expansion
We continue to leverage our network of multinational clients and operator partnerships to establish direct connectivity in further overseas markets with the aim of launching services with a number of media clients in new international territories over the next few years. We are confident this is the best strategy for achieving sustainable, highly valued growth, where our domain expertise can be expanded into new markets.
As we explore international market opportunities, we have now identified several other European countries with well regulated markets, conducive to operating interactive services. These markets are typically characterised as having a few small incumbent providers with modest technological capabilities, often operating as minor divisions within larger organisations where interactive services are not a core strategic focus. These markets represent medium to long-term growth prospects for the business, instilling confidence in the board regarding the business' ability to sustain its international expansion strategy for years to come.
5. Widen our technological and operational advantage
We have continued to make a substantial investment in our world leading interactive services product, Campaign Manager, making significant user interface improvements, alongside adding support for subscriptions, Interactive Voice Response (IVR) voting and enhanced promotional offers to consumers. Having onboarded several new enterprise scale clients in 2023, the platform has sustained 100% uptime during the period, processing record levels of consumer transactions and interactions without interruption. Once more, the robustness and reliability of our technology in supporting high profile live events remains one of our key competitive advantages.
The business has continued to build on its exemplary reputation for compliance in the industry, extending our strong relationships with mobile operators and regulators in the UK to counterparts in Ireland. We strongly believe this trusted relationship with our partners continues to provide a pivotal role when winning new business and increases the barriers to entry to new providers looking to enter the market.
Personas
The company takes immense pride in its reputation as a market leader, fostering a culture where our team members can truly thrive. Attracting and retaining the best industry leading talent continues to be a top priority for the business in maintaining this status. Our headcount grew by 10% year-on-year to an average of 45 in the period (H1 FY23: 41) and we continue to maintain a diverse workforce, with 45% of our staff identifying as female.
Like many businesses, we found it necessary to provide our staff with pay raises above the historic average in the latest pay review, acknowledging the continued challenges posed to people by the rising cost of living. However, I'm pleased to report that we successfully incorporated these increases into our existing growth projections and managed to offset any additional costs by implementing savings measures elsewhere. We continue to be mindful of inflation moving forward, and continue to be confident of managing additional costs within our existing plans.
Producto
Driven by demand from our customers, during the period we launched the first iteration of our subscription manager add-on to Campaign Manager, which will allow our largest charity clients to maintain ongoing transactions with their supporters throughout the year and beyond their annual telethon events. At the same time we have rebuilt the interface of Campaign Manager, providing a more intuitive and faster experience to our users.
Financial Review,en
Indicadores clave de rendimiento
Finanzas | 1S del año fiscal 24 | 1S del año fiscal 23 | Cambios |
Beneficio bruto | 9.2m | 7.8m | 17.9% |
EBITDA ajustado1 | 7.3m | 6.2m | 17.7% |
PBT ajustado2 | 7.4m | 5.9m | 25.4% |
Efectivo subyacente3 | 11.2m | 8.4m | 33.3% |
EPS ajustado4 | 5.7p | 4.9p | 16.3% |
No financiero | 1S del año fiscal 24 | 1S del año fiscal 23 | Cambios |
Valor total de pagos (TPV) | 158m | 137m | 15.3% |
1 El EBITDA ajustado excluye los cargos por pagos basados en acciones junto con la depreciación, amortización, intereses e impuestos de la medida de ganancias.
2 El PBT ajustado es la ganancia antes de impuestos, excluyendo los cargos por pagos basados en acciones.
3 El efectivo subyacente es el efectivo real, excluyendo el efectivo mantenido en nombre de los clientes.
4 Las EPS ajustadas son las ganancias por acción, excluyendo los cargos por pagos basados en acciones.
Ingresos
Company revenues for the period were £39.7m (H1 FY23: £32.8m) growing 21% on the previous year, driven by strong growth across mobile payments and mobile messaging service lines. Revenues recognised for mobile payments relate to the total commission charged to customers, including the Mobile Network Operator (MNO) share of a transaction, with the MNO commission also recognised within cost of sales. The Directors therefore monitor results and performance of the Company based upon the gross profit generated, which is considered the more meaningful measure of performance.
Revenue and gross profit grew more strongly than TPV, as charity related TPV, which is a relatively low margin product, only grew marginally by 2% year-on-year and was overshadowed by growth in more profitable commercial payments products.
Beneficio bruto
La ganancia bruta es el indicador financiero más importante del negocio, ya que representa la participación de la empresa en los ingresos por procesar pagos móviles y mensajes SMS.
Gross profit for the period increased to £9.2m (H1 FY23: £7.8m) growing 17.9% on the previous period, with mobile payments growing 14%, mobile messaging growing 53% and managed services growing 2%. The shallow growth in managed service fees, which makes up a relatively small amount of gross profit was attributable to only a marginal increase in the number and size of charity campaigns in the period.
Blended gross profit margins decreased slightly to 23.2% (H1 FY23: 23.8%) attributable to changes in the product and client mix affecting mobile payments and mobile messaging gross margin percentages.
Gastos operativos ajustados
Operating costs have remained firmly under control despite significant inflationary pressure in the wider economy, with costs generally only increasing where the business has invested more in product and internationally focused resources. Adjusted operating costs increased 16.6% in the period to £1.90m (H1 FY23: £1.63m). The majority of the increase related to additional staff costs.
Staff related costs and incentives increased to £2.0m (H1 FY23: £1.6m) in the period reflecting the additional investment in product and exploring international markets. Average headcount for the period was 45 (H1 FY23: 41).
Software development costs of £509k (H1 FY23: £344k) were capitalised in the period, representing 65% (H1 FY23: 56%) of development costs. The increase in capitalised expenditure reflects the additional focus on new product innovations and significant efforts onboarding new customers (at the expense of product development) in the previous year. The capitalisation of current period development spend was offset by an amortisation charge of £325k (H1 FY23: £267k). Development costs are amortised on a straight-line basis over 3-years.
EBITDA ajustado
The growth in gross profit and the continued control of costs has resulted in an equivalent increase in adjusted EBITDA, which is up 17.7% at £7.3m (H1 FY23: £6.2m) for the period. To provide a better guide to the underlying business performance, adjusted EBITDA excludes share-based payment charges along with depreciation, amortisation, interest and tax from the measure of profit.
Ingresos y gastos financieros
Finance expenses which relate to the unwinding of the discounted lease liability were £4k (H1 FY23: £3k) as the business renewed its office lease in November 2023 for a further three years.
Interest income on bank deposits increased due to the increase in bank interest rates during 2023.
impuesto de sociedades
Following the increase in the headline rate of UK corporation tax to 25% part way through the prior financial year, combined with some significant changes to the R&D tax credit scheme, we are anticipating our effective rate of corporation tax to increase to over 23% this financial year (FY24). Our effective rate of corporation tax is also expected to marginally increase again in FY25 due to proposed changes to the SME R&D scheme from April 2024 onwards.
Estado de situación financiera
The company had net assets of £10.3m at the period end (H1 FY23: £8.2m), including capitalised software development costs with a carrying value of £1,423k (H1 FY23: £1,072k). The movement in net assets reflects profits after tax less dividend payments and share buy-backs.
The company pays out monies to customers (merchants) once reconciliations have been completed and the equivalent monies have been received from mobile network operators. As a result, the company often holds significant amounts of customer related receivables, payables and cash, which can vary substantially from period to period, depending on timing of customer campaigns and mobile operator outpayments.
Current assets increased to £74m (H1 HY23: £67m) at the period end, largely in line with the increase in trade. Trade and Other Receivables, which includes monies receivable on behalf of customers, decreased in the period and was offset by an increase in actual cash. This was purely due to the timing of some mobile network operator outpayments at the period end, which were paid a few days earlier than the previous period. Current liabilities increased to £65m (H1 FY23: £60m), again largely attributable to an increase in trading.
Non-current liabilities increased to £0.4m (H1 FY23: £0.1m) as the company signed a new three year lease for its office premise in November 2023.
Efectivo y efectivo subyacente
El consejo distingue entre efectivo real, que incluye efectivo mantenido en nombre de los clientes, y efectivo subyacente, que excluye el efectivo mantenido en nombre de los clientes.
Underlying cash far better represents the free cash flow available to the business. Underlying cash increased 33% to £11.2m (H1 FY23: £8.4m) due to additional retained earnings.
Actual cash, which includes cash held on behalf of customers, varies substantially from period to period and is particularly sensitive to the timing of mobile network operator payments at month end, as well as pass-through outpayments for customer charity campaigns. Actual cash held at the period end was £29.5m (H1 FY23: £20.4m) in the period. The increase is down to higher retained earnings along with mobile network operator payments being paid a few days earlier at the period end (than the previous year).
Dividends declaration
We are pleased to declare our increased interim dividend of 2.6p per share, in line with the company's progressive dividend policy to pay out at least 75% of adjusted EPS to shareholders in the form of an ordinary dividend each period. The interim dividend will be paid on 29 March 2024 to shareholders on the register on 22 March 2024, with an ex-dividend date of 21 March 2024.
Outlook
The second half of the year has started strongly with performance in line with recently upgraded expectations. As was the case in previous years, we are expecting gross profit to be slightly weighted towards the first half of this financial year, due to some seasonality in the trade of our significant media customers.
In line with our growth plans, we will continue to invest more in future growth, with further investment into product as well as investments in organic international growth, as we look to continue to deliver sustainable, highly profitable growth for our shareholders.
The Company has a strong pipeline of commercial opportunities, including significant enterprise deals in the UK and overseas, which provides the Board with confidence in the ongoing success of the business. We look forward to updating shareholders at the appropriate time as we progress through the current financial year.
Roberto Weisz
Director Ejecutivo
Unaudited interim results for the 6 months ended 31 December 2023
Estado del resultado integral
Por los 6 meses terminados el 31 de diciembre de 2023
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | ||
Note | 000 £ | 000 £ | 000 £ | |
Operaciones continuas | ||||
Ingresos | 4 | 39,658 | 32,815 | 64,916 |
El costo de ventas | (30,460) | (25,009) | (49,841) | |
Beneficio bruto | 3 | 9,198 | 7,806 | 15,075 |
Otros ingresos | - | - | - | |
Gastos operativos ajustados1 | (1,895) | (1,626) | (3,508) | |
Utilidad antes de intereses, impuestos, depreciación, amortización, cargo por pago basado en acciones y costos excepcionales | 7,303 | 6,180 | 11,567 | |
Cargo por pago basado en acciones | (46) | (64) | (125) | |
depreciación y amortización | (389) | (333) | (924) | |
Beneficio operativo | 6,868 | 5,783 | 10,518 | |
Ingresos financieros | 496 | 55 | 341 | |
Gastos financieros | (4) | (3) | (5) | |
Beneficio antes de impuestos | 7,360 | 5,835 | 10,854 | |
Taxation | (1,675) | (990) | (2,057) | |
Beneficio integral total del período | 5,685 | 4,845 | 8,797 |
1 Los gastos operativos ajustados excluyen el cargo por pagos basados en acciones, la depreciación y la amortización.
Ganancias por acción | Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Ganancias básicas por acción | 5.7p | 4.8p | 8.8p | |
Ganancias diluidas por acción | 5.7p | 4.8p | 8.7p | |
Utilidad básica ajustada por acción | 5.7p | 4.9p | 8.9p |
Estado de situación financiera
Al 31 de diciembre de 2023
Sin auditar 31 diciembre 2023 | Sin auditar 31 de diciembre 2022 | auditado 30 junio 2023 | ||
000 £ | 000 £ | 000 £ | ||
Activos no corrientes |
| |||
Activo intangible | 1,423 | 1,072 | 1,239 | |
Activo por derecho de uso | 346 | 99 | 42 | |
Activos tangibles | 27 | 22 | 28 | |
1,796 | 1,193 | 1,309 | ||
Activos circulantes | ||||
Cuentas comerciales y otras cuentas por cobrar | 44,032 | 46,658 | 36,058 | |
Efectivo y su equivalente en efectivo | 29,548 | 20,438 | 20,648 | |
73,580 | 67,096 | 56,706 | ||
los activos totales | 75,376 | 68,289 | 58,015 | |
Patrimonio y pasivos | ||||
Equidad | ||||
Capital social | 100 | 100 | 100 | |
Compartir cuenta premium | 679 | 679 | 679 | |
Acciones del Tesoro | (242) | - | (495) | |
Reservas de opciones sobre acciones | 309 | 236 | 297 | |
Ganancias retenidas | 9,503 | 7,215 | 8,807 | |
10,349 | 8,230 | 9,388 | ||
Pasivos | ||||
Pasivos no corrientes | ||||
Pasivos por impuestos diferidos | 145 | 148 | 157 | |
Pasivos por arrendamiento | 206 | - | - | |
351 | 148 | 157 | ||
Pasivo circulante | ||||
Comerciales y otras cuentas a pagar | 64,566 | 59,835 | 48,453 | |
Pasivos por arrendamiento | 110 | 76 | 17 | |
64,676 | 59,911 | 48,470 | ||
Pasivos totales |
| 65,027 | 60,059 | 48,627 |
Total patrimonio y pasivos |
| 75,376 | 68,289 | 58,015 |
Estado de cambios en el Patrimonio Neto
Por los 6 meses terminados el 31 de diciembre de 2023
Capital social | Compartir premium | Reserva de opciones sobre acciones | Acciones del Tesoro | Ganancias retenidas | Total | |
000 £ | 000 £ | 000 £ | 000 £ | 000 £ | 000 £ | |
Saldo al 1 de julio de 2022 | 100 | 679 | 172 | - | 6,870 | 7,821 |
Beneficio del período | - | - | - | - | 4,845 | 4,845 |
- | - | - | - | 4,845 | 4,845 | |
Transacciones con accionistas | ||||||
Dividendos | - | - | - | - | (4,500) | (4,500) |
Cargo por pago basado en acciones | - | - | 64 | - | - | 64 |
- | - | 64 | - | (4,500) | (4,436) | |
Saldo al 31 de diciembre de 2022 | 100 | 679 | 236 |
| 7,215 | 8,230 |
Beneficio del período | - | - | - | - | 3,952 | 3,952 |
- | - | - | - | 3,952 | 3,952 | |
Transacciones con accionistas | ||||||
Dividendos | - | - | - | - | (2,360) | (2,360) |
Cargo por pago basado en acciones | - | - | 61 | - | - | 61 |
Compra de acciones propias | - | - | - | (495) | - | (495) |
- | - | 61 | (495) | (2,360) | (2,794) | |
Saldo al 30 de junio de 2023 | 100 | 679 | 297 | (495) | 8,807 | 9,388 |
Beneficio del período | - | - | - | - | 5,685 | 5,685 |
- | - | - | - | 5,685 | 5,685 | |
Transacciones con accionistas | ||||||
Dividendos | - | - | - | - | (4,884) | (4,884) |
Cargo por pago basado en acciones | - | - | 46 | - | - | 46 |
Exercise of share options issued from treasury shares | - | - | - | 253 | (139) | 114 |
Fair value of options exercised in the period | - | - | (34) | - | 34 | - |
- | - | 12 | 253 | (4,989) | (4,724) | |
Saldo al 31 de diciembre de 2023 | 100 | 679 | 309 | (242) | 9,503 | 10,349 |
Estado de flujos de efectivo
Por los 6 meses terminados el 31 de diciembre de 2023
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |||
000 £ | 000 £ | 000 £ | |||
flujos de efectivo por actividades operacionales | |||||
Beneficio antes de impuestos | 7,360 | 5,835 | 10,854 | ||
Ajustes para | |||||
Depreciación | 7 | 10 | 16 | ||
Amortización | 382 | 323 | 908 | ||
Cargo por pago basado en acciones | 46 | 64 | 125 | ||
Ingresos financieros | (496) | (55) | (341) | ||
Gastos financieros | 4 | 3 | 5 | ||
(Aumento) / disminución de cuentas por cobrar comerciales y otras | (7,975) | (14,683) | (4,083) | ||
Aumento / (disminución) de cuentas comerciales y otras cuentas por pagar | 15,120 | 17,355 | 6,115 | ||
Impuesto a las ganancias pagado | (693) | (550) | (1,750) | ||
Flujos de efectivo netos de las actividades operativas | 13,755 | 8,302 | 11,849 | ||
Flujos de efectivo de actividades de inversión | |||||
Interés recibido | 496 | 55 | 341 | ||
Pagos para adquirir activos tangibles | (6) | (7) | (19) | ||
Pagos para adquirir activos intangibles | (510) | (344) | (1,040) | ||
Flujos de efectivo netos de actividades de inversión | (20) | (296) | (718) | ||
Flujos de efectivo de actividades de financiación | |||||
Ingresos netos de la emisión de acciones | 114 | - | - | ||
Dividendos pagados | (4,884) | (4,500) | (6,860) | ||
Compra de acciones propias | - | - | (495) | ||
Pagos de capital con respecto a arrendamientos | (61) | (57) | (116) | ||
Intereses pagados por arrendamientos | (4) | (3) | (4) | ||
Flujos de efectivo netos de actividades de financiación | (4,835) | (4,560) | (7,475) | ||
Aumento neto de efectivo y equivalentes de efectivo para el período | 8,900 | 3,446 | 3,656 | ||
Efectivo y equivalentes de efectivo al comienzo del período | 20,648 | 16,992 | 16,992 | ||
Efectivo y equivalentes de efectivo al final del período | 29,548 | 20,438 | 20,648 |
Estado de flujos de efectivo libres subyacentes
Por los 6 meses terminados el 31 de diciembre de 2023
El segmento de pagos móviles de la Compañía involucra el cobro de efectivo en nombre de los clientes, que luego se paga a los clientes neto de la participación de la Compañía en los ingresos o las tarifas asociadas con el cobro del efectivo. Por lo tanto, el saldo de efectivo de la Compañía fluctúa según el momento en que se recibe y se paga el efectivo "transferido".
El análisis a continuación muestra los movimientos en el flujo de efectivo subyacente libre de la Compañía, excluyendo el dinero mantenido en nombre de los clientes. El efectivo subyacente se deriva del efectivo real ajustando las cuentas comerciales y otras cuentas por cobrar relacionadas con los clientes menos las cuentas comerciales y otras cuentas por pagar relacionadas con los clientes y los pasivos por IVA relacionados con los clientes.
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |||
000 £ | 000 £ | 000 £ | |||
Flujos de efectivo libres subyacentes de las actividades operativas | |||||
Beneficio antes de impuestos | 7,360 | 5,835 | 10,854 | ||
Ajustes para | |||||
Depreciación | 7 | 10 | 16 | ||
Amortización | 382 | 323 | 908 | ||
Cargo por pago basado en acciones | 46 | 64 | 125 | ||
Ingresos financieros | (496) | (55) | (341) | ||
Gastos financieros | 4 | 3 | 5 | ||
(Aumento) / disminución de cuentas por cobrar comerciales y otras | (50) | (19) | 11 | ||
Aumento / (disminución) de cuentas comerciales y otras cuentas por pagar | 69 | (116) | 24 | ||
Impuesto a las ganancias pagado | (693) | (550) | (1,750) | ||
Flujos de efectivo libres subyacentes netos de las actividades operativas | 6,629 | 5,495 | 9,852 | ||
Flujos de efectivo libres subyacentes de las actividades de inversión | |||||
Interés recibido | 496 | 55 | 341 | ||
Pagos para adquirir activos tangibles | (6) | (7) | (19) | ||
Pagos para adquirir activos intangibles | (510) | (344) | (1,039) | ||
Flujos de efectivo libres subyacentes netos de actividades de inversión | (20) | (296) | (717) | ||
Flujos de efectivo libres subyacentes de las actividades de financiación | |||||
Ingresos netos de la emisión de acciones | 114 | - | - | ||
Dividendos pagados | (4,884) | (4,500) | (6,860) | ||
Compra de acciones propias | - | - | (495) | ||
Pagos de capital con respecto a arrendamientos | (61) | (57) | (116) | ||
Intereses pagados por arrendamientos | (4) | (3) | (4) | ||
Flujos de efectivo libres subyacentes netos de las actividades de financiación | (4,835) | (4,560) | (7,475) | ||
Net increase in underlying free cash for the period | 1,774 | 639 | 1,660 | ||
Efectivo disponible subyacente al comienzo del período | 9,446 | 7,786 | 7,786 | ||
Equivalentes de efectivo libre subyacente al final del período | 11,220 | 8,425 | 9,446 |
Notas a la información financiera preliminar
1. Base de preparación
The financial information relating to the half year ended 31 December 2023 is unaudited and does not constitute statutory financial statements as defined in section 434 of the Companies Act 2006.
The Company is a public limited company incorporated and domiciled in England & Wales and whose shares are quoted on AIM, a market operated by The London Stock Exchange. The presentational and functional currency of the Company is Sterling. Results in this financial information have been prepared to the nearest £1,000.
Si bien la información financiera incluida en estas cuentas intermedias ha sido preparada de acuerdo con las NIIF, no contienen información suficiente para cumplir con las NIIF. Además, este informe no está preparado de acuerdo con la NIC 34.
The profit before interest, tax, depreciation, amortisation and share-based payment charge is presented in the statement of total comprehensive income as the Directors consider this performance measure provides a more accurate indication of the underlying performance of the Company and is commonly used by City analysts and investors.
The comparative financial information for the year ended 30 June 2023 has been extracted from the annual financial statements of Fonix Mobile plc. These interim results for the period ended 31 December 2023, which are not audited, do not comprise statutory accounts within the meaning of section 434 of the Companies Act 2006. The financial information does not therefore include all of the information and disclosures required in the annual financial statements.
Full audited accounts of the Company in respect of the year ended 30 June 2023, which received an unqualified audit opinion and did not contain a statement under section 498(2) or (3) of the Companies Act 2006, have been delivered to the Registrar of Companies.
2. Empresa en marcha
At the time of approving the financial information, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Fonix Mobile is not externally funded and accordingly is not affected by borrowing covenants. In addition the cost of capital represents the dividend distributions - which are discretionary.
At 31 December 2023 the Company had Cash and Cash Equivalents of £29.5 million (31 December 2022: £20.4 million) and Net Current Assets of £8.9 million (31 December 2022: £7.2 million). The business model of Fonix Mobile is cash generative - with increased sales impacting positively on the working capital cycle and profits from trading activities being rapidly reflected in cash at bank.
Accordingly the Directors continue to adopt the going concern basis of accounting in preparing this financial information.
3. Informes segmentarios
La gerencia actualmente identifica un segmento operativo en la Compañía según la NIIF 8, que es la facilitación de pagos móviles y mensajería. Sin embargo, los Directores monitorean los resultados y el desempeño con base en la Utilidad Bruta generada por las líneas de Servicio de la siguiente manera:
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Beneficio bruto | 000 £ | 000 £ | 000 £ |
Pagos Móviles | 7,522 | 6,589 | 12,689 |
Mensajería móvil | 1,308 | 856 | 1,626 |
Servicios Gestionados | 368 | 361 | 760 |
9,198 | 7,806 | 15,075 |
Differences between the way in which the single operating segment is reported in the financial information and the internal reporting to the Board for monitoring and strategic decisions, relates to the recording of revenue in line with IFRS 15. The IFRS adjustments do not impact on the calculation or reporting of Gross Profit.
Las ganancias brutas se pueden atribuir a las siguientes ubicaciones geográficas, según la ubicación del usuario final y de los operadores de redes móviles asociados:
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Beneficio bruto por geografía | 000 £ | 000 £ | 000 £ |
Reino Unido | 8,078 | 7,096 | 13,534 |
El resto de Europa | 1,120 | 710 | 1,541 |
9,198 | 7,806 | 15,075 |
4. Ingresos
La Compañía desagrega los ingresos entre los diferentes flujos descritos, ya que esto pretende mostrar su naturaleza y monto.
Los ingresos totales de la Compañía se derivan de su actividad principal realizada íntegramente en el Reino Unido y la UE.
Los ingresos se reconocen en el momento de cada transacción cuando se recibe el beneficio económico. Los ingresos totales de la Compañía por Línea de Servicio son los siguientes:
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Ingresos por línea de servicio | 000 £ | 000 £ | 000 £ |
Pagos Móviles | 28,375 | 24,633 | 47,607 |
Mensajería móvil | 10,281 | 7,326 | 15,513 |
Servicios Gestionados | 1,002 | 856 | 1,796 |
39,658 | 32,815 | 64,916 |
The number of customers representing more than 10% of revenue in period were 3 (31 December 2022: 3)
Los ingresos se pueden atribuir a las siguientes ubicaciones geográficas, según la ubicación del usuario final y de los operadores de redes móviles asociados:
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Ingresos por geografía | 000 £ | 000 £ | 000 £ |
Reino Unido | 33,401 | 28,136 | 55,352 |
El resto de Europa | 6,257 | 4,679 | 9,564 |
39,658 | 32,815 | 64,916 |
5. Beneficio por acción
Los cálculos de utilidad por acción se basan en las siguientes utilidades y número de acciones:
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
000 £ | 000 £ | 000 £ | |
Beneficio retenido del período | 5,685 | 4,845 | 8,797 |
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Numero de veces compartido | Número | Número | Número |
Número medio ponderado de acciones | 99,783,276 | 100,000,000 | 99,970,504 |
Compartir opciones | 656,941 | 619,959 | 760,799 |
100,440,217 | 100,619,959 | 100,731,303 | |
Utilidad por acción ordinaria | |||
Basic | 5.7p | 4.8p | 8.8p |
Diluido | 5.7p | 4.8p | 8.7p |
At 31 December 2023 the company had 100,000,000 (31 December 2022: 100,000,000) shares in issue of which 122,443 (31 December 2022: nil) were held in treasury.
Los cálculos de las ganancias por acción ajustadas se basan en las siguientes ganancias ajustadas y el número de acciones enumerados anteriormente:
Sin auditar meses a 6 31 diciembre 2023 | Sin auditar meses a 6 31 diciembre 2022 | auditado Año hasta 30 junio 2023 | |
Ganancias ajustadas por acción | 000 £ | 000 £ | 000 £ |
Beneficio retenido del período | 5,685 | 4,845 | 8,797 |
Ajustes | |||
Cargo por pago basado en acciones | 46 | 64 | 125 |
Ajustes netos | 46 | 64 | 125 |
Ingresos ajustados | 5,731 | 4,909 | 8,922 |
Utilidad básica ajustada por acción ordinaria | 5.7p | 4.9p | 8.9p |
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.