Shares in CAB Payments have risen by more than 13% to 75.11p today after the B2B FX and payments provider said it expects to deliver a stronger-than-expected performance for FY25.
The company, which specialises in helping businesses move money into and out of emerging markets, is now forecasting total income of around £119 million for 2025.
That would be well ahead of market expectations, where consensus had been pointing to £110.1m.
The London-based business also expects adjusted EBITDA to come in slightly above the consensus range, after analysts had pencilled in between £28.3m and £33.8m, compared to £30.8m in 2024.
The group said its performance has been driven by increased transaction volumes, a growing client base and new product capabilities, alongside progress deepening relationships with central banks and regulators in key markets.
It also expanded its international presence during the year, opening a New York office in December and securing a licence in principle to operate in Abu Dhabi in October.
“I am very pleased with the progress we are making, returning the business to a sustainable and profitable growth trajectory,” said Neeraj Kapur, CEO of CAB Payments.
“The team’s commitment to our purpose, combined with our strong client proposition, has delivered financial performance ahead of market expectations.
“This is a meaningful step forward which we intend to continue through targeted investment to create ongoing sustainable growth for the group.
“I am energised by the momentum we carry into 2026 and the opportunities we see ahead of us.”
CAB Payments now has a market cap of £190.3m.
It will publish its full-year results on 5th March.