Peel Hunt reported a 5% year-on-year increase in revenue, despite challenging market conditions in the second half of its financial year, in a trading update released Tuesday.
UK Investment Bank Peel Hunt Expects 5% Revenue Rise Despite Macroeconomic Uncertainty
The UK investment bank said full-year revenue for the year ended 31 March 2025 is expected to be approximately £90 million, up from £85.8 million in FY24.
However, macroeconomic uncertainty weighed on market volumes and corporate activity in the latter half of the year.
Peel Hunt noted that cost-cutting measures helped mitigate losses, with the company now expecting a smaller loss before tax than market expectations.
Despite slow market conditions, the investment bank highlighted strong progress on its strategic priorities, continuing to attract mid-cap and growth companies to its platform.
It now acts for 52 FTSE 350 clients, including five in the FTSE 100.
Looking ahead, the firm pointed to an encouraging pipeline of investment banking transactions despite slowing market conditions.
The pipeline is said to span mergers and acquisitions and initial public offerings. Several announced M&A deals are expected to be completed in the first quarter of the new financial year.
Peel Hunt will publish its FY25 preliminary results on 16 June 2025.
