**Summary**
TruFin PLC released a trading update on January 15, 2026, announcing strong financial performance for 2025, significantly exceeding previous guidance. Key highlights include
1. **Financial Performance**
Adjusted profit before tax (PBT) is expected to surpass ยฃ7.4 million, a 720% increase from ยฃ0.9 million in FY24.
Adjusted EBITDA is projected to exceed ยฃ11.8 million (FY24: ยฃ7.6 million).
Group revenue is estimated at approximately ยฃ63.0 million (FY24: ยฃ55.0 million).
2. **Playstack**
Drove exceptional growth, fueled by successful game releases like *Balatro*, *Abiotic Factor*, *Void/Breaker*, and *UNBEATABLE*.
Back-catalogue revenue is expected to account for 50% of Playstackโs revenue in 2026.
Recognized as Publisher of the Year by UKIE and named Publishing Star at the Develop: Star Awards.
3. **Oxygen**
Delivered 17% revenue growth to ยฃ9.0 million (FY24: ยฃ7.7 million) despite challenges from the Procurement Act.
Secured four new Early Payment (EP) clients and renewed seven contracts, ending 2025 with a record 65 EP clients.
Transacted spend and net signed spend increased by over 17%, supporting growth into 2026.
4. **Satago**
Reduced cost base, improving loss before tax to no more than ยฃ2.7 million (FY24: ยฃ4.8 million).
Focused on core credit control offerings, with steady platform usage growth and a strong pipeline for embedded finance solutions.
5. **Shareholder Returns**
Completed two share buybacks totaling ยฃ8.0 million in 2025, with year-end cash expected to be at least ยฃ12.0 million.
6. **CEO Commentary**
James van den Bergh highlighted TruFinโs disciplined capital allocation, profitable growth, and strategic investments to drive future shareholder value.
Emphasized Playstackโs sustained performance, Oxygenโs resilience, and Satagoโs progress toward profitability.
TruFin remains well-positioned for continued growth in 2026, with a strong portfolio of upcoming game releases and robust performance across its subsidiaries.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
### Notes:
1. **Debt Information**: The provided text does not include specific debt figures for either year, so debt comparison is not included in the table.
2. **Percentage Changes**: Calculations are based on the available data. For metrics with "greater than" (>) values, the percentage change is approximate.
3. **Satago Loss**: The improvement in Satago's loss before tax is shown as a positive percentage change, indicating a reduction in losses. This table summarizes the key financial metrics and their year-on-year changes in a structured format.