CAB Payments (LSE:CABP) reported a strong set of interim results for the six months ended 30 June 2026, with total income rising 31% year-on-year to £67.6 million. Adjusted profit after tax increased by 152% to £13.6 million, lifting adjusted return on target capital to more than 26%. The group also benefited from improved operating leverage and wider margins, while maintaining a robust capital position with a CET1 ratio of 21.7%, reinforcing confidence in its medium-term growth objectives.
The company also unveiled a new capital allocation framework and declared its first interim dividend of 2.1p per share, representing around 40% of adjusted first-half earnings. Alongside returning capital to shareholders, CAB Payments continued to expand its international footprint by securing new major clients, extending its correspondent banking relationship with Deutsche Bank, advancing its stablecoin programme and establishing, or planning, new offices in Abu Dhabi, New York, Amsterdam, Guyana and several African markets. These initiatives are intended to support higher transaction volumes despite ongoing macroeconomic uncertainty and delays linked to regional conflicts.
The group’s investment outlook remains balanced. A strong balance sheet with conservative leverage provides financial resilience, although volatile cash generation and inconsistent revenue and margin trends continue to present challenges. Technical indicators are relatively constructive, with the shares trading above key moving averages, while valuation appears reasonable based on earnings multiples, although dividend yield data remains limited.
About CAB Payments Holdings Limited
CAB Payments Holdings plc operates through its subsidiary, Crown Agents Bank, providing specialist cross-border payments and foreign exchange services for businesses and institutions operating across emerging and frontier markets. The bank enables access to complex payment corridors through digital platforms, APIs and tailored financial solutions, supporting transactions in 124 currencies and more than 800 currency pairs.
The group focuses on connecting underserved markets with the global financial system while maintaining a strong emphasis on responsible business practices. CAB Payments holds B Corporation certification, has received a Platinum sustainability rating from EcoVadis and is listed on the London Stock Exchange under the ticker CABP.
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