TruFin ( (GB:TRU) ) has provided an update.
TruFin plc reported a remarkable financial performance for the year ending December 2024, with a 203% increase in gross revenue to £55.0m and a transition from a loss to profit, driven largely by the success of its subsidiary Playstack, which saw a 455% revenue increase. Despite economic challenges in the UK, TruFin’s strategic focus on diversifying revenue streams and investing in its subsidiaries has positioned the company for continued growth, with significant contributions from Playstack’s successful game launches and Oxygen’s consistent performance. Satago, despite losing a major contract, is poised for future growth with new partnerships and a streamlined cost base.
More about TruFin
TruFin plc is a holding company that operates three growth-focused technology businesses in niche markets, including early payment provision, invoice finance, and games publishing. The company was admitted to AIM in February 2018 and trades under the ticker symbol: TRU.
YTD Price Performance: 0.48%
Technical Sentiment Signal: Sell
Current Market Cap: $108.4M
See more data about TRU stock on TipRanks’ Stock Analysis page.