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Fonix Mobile PLC ( (GB:FNX) ) just unveiled an announcement.
Fonix Mobile PLC has reported a positive trading update for the first half of FY25, with gross profit and adjusted EBITDA increasing by 6.5% and 6.8% respectively. The company is declaring a special dividend in addition to its interim dividend, reflecting strong cash generation and financial performance. Fonix has achieved significant milestones by securing contracts with major mobile network operators in Portugal and forming a strategic partnership with NOS, enhancing its position in the market. The company is also expanding its product portfolio with innovations like PayFlex and DonationPortal, and continues to explore opportunities in other European markets, indicating robust long-term growth potential.
More about Fonix Mobile PLC
Fonix Mobile PLC, founded in 2006 and based in London, offers mobile payments and messaging services across various sectors including media, telecoms, entertainment, enterprise, and commerce. The company facilitates digital payments charged to mobile phone bills and provides messaging solutions, catering to prominent clients like ITV, Bauer Media, and BBC Children in Need.
YTD Price Performance: -6.88%
Average Trading Volume: 113,423
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £201.1M
Learn more about FNX stock on TipRanks’ Stock Analysis page.
