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Analyst Consensus Estimates 2025

£m	Consensus	Min	Max
FX	45.5	44.4	48.0
Payments	28.5	24.6	30.5
Other Banking Income	37.3	35.5	37.8
Gross Income	111.3	110.2	114.6
Underlying Opex (ex D&A)	(78.2)	(80.2)	(77.3)
Adjusted EBITDA	33.2	31.6	34.8
Adj. EBITDA Margin	29.8%	28.7%	31.1%

Date of publication: 9 May 2025

Estimates from 6 out of our 6 covering analysts have been used to produce the consensus figures above. The information is provided purely for convenience to our investors and analysts, for information purposes only, and should not be taken as a recommendation to buy or sell shares in the Company.

The Company makes no warranty or representation as to the accuracy of such information or the likelihood of achieving the figures set out and neither the Company nor its Directors assume any liability for the contents of the information set out above nor any obligation to update, revise or supplement these figures.

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Analyst Consensus Estimates 2025

Date of publication: 9 May 2025

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