H1 results saw Total Income rise to £67.6m, up 31% y-o-y (H125: £51.8m) with Income excl. Deposit Net Interest Income up 48% to £52.3m.
This was mostly driven by volume growth in Emerging Markets and take-rate expansion, which benefitted from the fees derived from CAB’s additional services to EM central banks.
Management have reiterated confidence in their growth guidance of high-teens to low-twenties percentage CAGR in Total Income (excl. Deposit NII).
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Price Chart(Sign Up to Access)
CAB Payments: H1 income +31% y-o-y, growth guidance reiterated