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Wise PLC on Monday said it ended its financial year with an increase in income and volumes, and it added that is changing how it will report results ahead of its US listing. Shares in the company climbed 5.0% to 1,020.50 in London on Monday morning for a £10.16 billion market capitalisation. The London-based money transfer services provider said cross-border volume grew 26% on-year to £49.4 billion in the quarter to March 31. At constant currency, it increased 27% at constant currency. Active customers for the quarter were 22% higher at 11.3 million. Underlying income grew 24% both on a reported and constant currency basis to £435.3 million from £350.4 million a year earlier. For the full-year, it said active customers were 21% higher at 18.9 million, with cross-border volumes up 25% to £181.7 billion on a reported basis. Underlying income climbed 18% to £1.61 billion on a reported basis, and 19% at constant currency to £1.62 billion. Wise still sees its underlying pretax profit margin landing at the top of a 13% to 16% range for the full-year, down from 21% in financial 2025. Wise said it will present annual results on a US GAAP basis and in dollars, switching from IFRS and sterling. The move coincides with a planned dual-listing. ‘We believe that the addition of a primary US listing would bring a number of strategic and capital markets benefits to Wise and its owners, including greater visibility in the United States, the biggest market opportunity for our products today, and better access to the world’s deepest and most liquid capital market,’ Wise added. ‘In connection with our primary US listing, a Registration Statement (which has not yet been declared effective by the US Securities & Exchange Commission) has been filed with the SEC.’ It is on track to seal the dual listing this quarter, with an expected date for trading on the Nasdaq of May 11. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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