Duke Capital flags another rise in recurring cash revenue
By Josh White
Date: Monday 30 Dec 2024
(Sharecast News) - Hybrid business capital specialist Duke Capital said in a trading update on Monday that it anticipated recurring cash revenue of £6.5m for its third quarter, marking a 4% increase compared to £6.3m in the same period in the 2024 financial year.
The AIM-traded firm noted that it would also exceed the prior quarter's record of £6.4m.
It put its growth down to a strong performance in recurring cash revenue, excluding exit premiums and equity sale gains.
Total cash revenue, combining recurring distributions with non-recurring gains, had also remained robust across recent quarters, the board said.
In December, Duke raised £23.5m to support portfolio merger and acquisition activity and advance its non-dilutive funding strategy aimed at accelerating growth.
The company said it had also made significant progress in securing a third-party capital partner to support its next phase of expansion.
Reporting by Josh White for Sharecast.com.
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