TruFin Revenue Surges 20% on Strong Gaming Performance

TruFin Reports Significant Growth in Revenue and EBITDA

TruFin, the UK-based fintech and games publisher, announced a 20% increase in gross revenue for 2025, reaching £65.9 million. The company's adjusted EBITDA saw a substantial 66% year-on-year surge to £12.6 million, signaling strong operational performance in key areas.

Divisional Performance Overview

The primary driver of this growth was the gaming division, Playstack, which generated £55.3 million in revenue, a 24% increase from the previous year. This success was fueled by a robust back catalogue and the release of new titles, including Abiotic Factor and Balatro.

In the fintech sector, TruFin's Oxygen arm recorded healthy 18% revenue growth. This was attributed to the expansion of its Early Payment programmes, high client retention, and growth in its Software as a Service offerings. However, the Satago fintech unit faced challenges, with revenue declining by 50% following the loss of a major banking contract. The company has implemented cost-reduction measures and is refocusing on technology and servicing revenue.

Financial Health and 2026 Outlook

Despite the revenue growth, TruFin reported a full-year pretax loss of £4.10 million. The company has been active in managing its capital, executing £8 million in share buybacks during 2025 and announcing an additional £6 million buyback programme for 2026.

Looking ahead, TruFin stated that group revenue for the first two months of 2026 is tracking Board expectations at no less than £9.3 million. Playstack is set to release eight new titles, including Mortal Shell II, while Satago anticipates an acceleration in subscription revenue growth as new partners are onboarded.

Summary

TruFin's 2025 results highlight the strength of its gaming division, which successfully offset a significant downturn in one of its fintech units. The company's focus on share buybacks and a positive early outlook for 2026 suggest a strategy geared towards balancing growth investments with shareholder returns.

FAQ

Q: What was the main driver of TruFin's revenue growth in 2025?
A: The main driver was its gaming division, Playstack, which saw a 24% increase in revenue to £55.3 million, thanks to strong catalogue performance and new game releases.

Q: Did all of TruFin's business units perform well?
A: No. While the Playstack and Oxygen divisions grew, the Satago fintech unit experienced a 50% revenue decline after losing a significant contract.

Q: What is TruFin's financial outlook for 2026?
A: The company's revenue is tracking expectations for the start of 2026. It plans to release eight new games and expects its Satago unit's subscription revenue to accelerate.

Source: Investing.com