Peel Hunt (LSE:PEEL) reported revenue for the year ended 31 March rose 57.1% year‑on‑year to £143.5m, driven by record Investment Banking fees.
Profit before tax swung to a £21.1m profit from a £3.5m loss a year earlier, and adjusted PBT increased to £32m from £0.8m, Peel Hunt, a leading international investment bank specialising in UK mid‑cap and growth companies, said.
Investment Banking revenue rose to £67.1m (FY25: £31.5m) driven by M&A, Execution Services revenue climbed to £47.8m (FY25: £33.7m) and Research & Distribution contributed £28.6m (FY25: £26.1m), with the average market cap of clients up 30% to over £1,130m and 62 FTSE 350 clients retained.
The balance sheet strengthened with cash balances of £36.9m (FY25: £20.4m) and net assets of £108.5m (FY25: £88.7m), and the company said its capital base remains comfortably above regulatory minimums.
Management said diversification, continued investment in proprietary trading technology and the opening of an Abu Dhabi office broadened distribution and supported the result.
"We have taken decisive action on costs and are operating a leaner, more efficient platform," said Steven Fine, Chief Executive Officer.
Peel Hunt warned renewed global inflationary pressure, a volatile interest‑rate outlook and domestic political uncertainty have weighed on UK market confidence and transactional activity since the start of the financial year.
