RNS Number : 4348D
Wise PLC
03 April 2025
 

 

Wise Capital Markets Day

 

Wise, the global technology company building the best way to move and manage the world's money, will host a Capital Markets Day, or 'Owners Day', for financial analysts and investors at 2:30 PM BST today, Thursday 3 April 2025. 

 

Over the past 14 years, Wise has made remarkable progress on its vision of money without borders. To date, our customers have moved over £0.5 trillion across borders and trust us to now hold more than £20 billion of their money.

 

At today's event Wise's leadership team will provide an update on our vision and how we will continue to progress towards this over the medium term, creating exceptional value for customers and shareholders.

 

Wise will provide more detail on our powerful financial model, which creates capacity for disciplined and sustainable growth investments, while targeting a healthy underlying profit before tax (PBT) margin of 13-16% and strong underlying income CAGR of 15-20% over the medium term.

 

Over the next year (FY26), we expect to deliver underlying income growth of 15-20% while the underlying PBT margin is expected to be around the top of our target range, as investments for long term growth ramp up.

 

Today's presentation will include preliminary FY25 figures demonstrating our financial and strategic progress:

 


FY25 (preliminary)

FY24

YoY Movement

(approximate)

Active customers (million)

15.5

12.8

21%

Cross border volumes (£ billion)

145

119

22%

Underlying income (£ billion)

1.36

1.17

16%

Underlying PBT margin (%)

20%

21%

-1pp

Period-end customer holdings (£ billion)

21

16.2

30%

 

Wise is announcing today our intention to expand our programme of share purchases into the Employee Benefit Trust. This expansion takes us beyond those for in-year stock-based compensation (SBC) grants (c9m shares in FY25) to now also begin acquiring shares for historical SBC grants representing c25m shares / c2.5% of issued capital. Once complete, this will ensure that the EBT is fully funded for all outstanding SBC grants, ensuring no shareholder dilution as a result of historic SBC grants.

 

As previously announced, following the reforms introduced by the FCA to the UK listing regime in July 2024, Wise's listing was automatically transferred onto the Equity Shares (Transition) Category. To be eligible to step up to the Equity Shares (Commercial Companies) Category, in addition to needing FCA approval to transfer, Wise would also need to amend certain parts of its Articles of Association. Accordingly, the Board has been extensively consulting with shareholders on the optimal listing arrangements for the Company. The Board expects this review of our listing arrangements to conclude and the outcome to be shared with our owners in the coming weeks.

 

Today's event will be hosted at our new headquarters in Worship Square, London. In-person attendance will be by registration only, with a live webcast available at https://wise.com/owners/. The event will begin at 2:30 PM BST. A webcast replay and presentation materials will be available on the website following the event.

 

As scheduled, Wise will report its Q4 FY25 trading update and FY25 results on 15 April 2025 and 5 June 2025, respectively.

 

Enquiries

Martin Adams - Investor Relations

owners@wise.com

 

Sana Rahman - Communications

press@wise.com

 

Brunswick Group 

Charles Pretzlik / Nick Beswick  Wise@brunswickgroup.com

+44 0 20 7404 5959

 

About Wise

Wise is a global technology company, building the best way to move and manage the worldʼs money. With Wise Account and Wise Business, people and businesses can hold over 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the worldʼs money.

 

One of the world's fastest growing, profitable tech companies, Wise launched in 2011 and is listed on the London Stock Exchange under the ticker, WISE. In fiscal year 2024 Wise supported around 13 million people and businesses, processing approximately £118bn billion in cross-border transactions, and saving customers over £1.8 billion.



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