CAB Payments Holdings plc (LSE:CABP) said it now expects full-year 2025 total income to reach approximately £119 million, with adjusted EBITDA coming in slightly ahead of current market consensus, following a strong performance in the second half of the year.
The upgrade reflects rising transaction volumes, continued expansion of the client base, and the rollout of enhanced product capabilities. CAB Payments has also strengthened engagement with central banks and regulatory bodies, while extending its international presence through the opening of a New York office and the receipt of an in-principle licence in Abu Dhabi. These developments are supporting improved operating leverage and point to a return to more consistent and sustainable growth heading into 2026.
Despite the positive trading update, investor sentiment remains tempered by the group’s uneven recent financial history, including a decline in revenue during 2024 and periods of volatile cash generation. However, improving technical indicators and supportive corporate progress provide some offset. Valuation metrics also represent a moderate constraint, with the shares trading at around 25 times earnings and no declared dividend yield.
More about CAB Payments Holdings Limited
CAB Payments Holdings plc operates through its subsidiary Crown Agents Bank Limited as a business-to-business foreign exchange and payments specialist focused on emerging markets. Leveraging a network built over more than 180 years, the group enables cross-border payments across 125 currencies and more than 800 currency pairs via APIs, digital platforms and tailored solutions. CAB Payments has also been recognised for its sustainability credentials, holding B Corporation certification and a Platinum Sustainability Rating from EcoVadis.
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