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(Sharecast News) - Manolete Partners said on Thursday that it was well positioned for growth in the new financial year, after its forward book increased 37% to 67m in the year ended 31 March.
The AIM-traded insolvency claims financing company said realised revenue fell 6% to 27.9m, reflecting the timing of some large case completions moving into 2027, while gross cash receipts rose to 26.6m from 25.6m.
Adjusted realised profit before tax fell to 0.1m from 0.8m after a 1.8m provision relating to two debtors, although adjusted profit before tax rose 54% to 2.8m including unrealised gains from the larger forward book.
Chief executive Mena Halton said FY26 was "a year of strategic progress", adding that Manolete had strengthened its team and business development function to support growth.
"I am confident we're on track to realise the Company's potential," she said.
At 1026 BST, shares in Manolete Partners were up 11.76% at 38p.
Reporting by Josh White for Sharecast.com.
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