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Fiinu PLC on Monday said it achieved its first group-wide net profitable month in November, while also announcing a leadership change at its Polish subsidiary as part of a broader governance overhaul. The Weybridge, Surrey financial technology provider said November marked its first unaudited net profitable month at group level, including exceptional items. Fiinu cautioned that monthly performance may continue to fluctuate but said the milestone represented ‘encouraging progress’ toward sustainable profitability. The company said the improvement reflected operational and organisational changes across the group, including management restructuring at its Polish unit, new business growth and tighter cost controls. Fiinu reported an unaudited cash balance of around £5.3 million at the year-end, with an average monthly cash burn of under £200,000 in recent months, excluding unplanned exceptional items. Alongside the trading update, Fiinu announced changes at its Polish subsidiary Everfex PSA. Former chief executive Karol Oleksa has been replaced by Marko Sjoblom, while Adam Narczewski has been appointed as a senior executive officer acting under the new CEO’s delegated authority. Fiinu said the new leadership team brings greater seniority and experience, and represents a ‘material strengthening’ of governance standards and operational oversight compared with the previous management. The company also confirmed it has served formal non-compete breach notices against Karol Oleksa and Marta Oleksa in relation to obligations under the share purchase agreement for the Everfex acquisition. The matter is currently at the pre-trial stage. Chair David Hopton said the board moved quickly after Fiinu’s re-admission to AIM in August 2025 to review systems and controls at Everfex, concluding that management changes would accelerate integration and improve governance. Hopton added that Fiinu is now focused on 2026 and the planned first-quarter launch of its Plugin Overdraft product in partnership with Manx Financial Group PLC. Fiinu shares were up 0.7% at 8.31 pence in London on Monday morning. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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