Year-End Update

Information contained within this Announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

5 January 2026

Fiinu Plc

("Fiinu", the "Company" or the "Group")

Year-End Update

First Profitable Month Achieved & CEO Change in Poland

Fiinu Plc (AIM: BANK), the fintech group and creator of the Plugin Overdraft®, announces a year-end operational update in respect of the Group, including the achievement of its first profitable month and an update on governance and legal matters relating to the Group's Polish subsidiary.

Group Profitability Milestone

Fiinu achieved its first ever unaudited, Group-wide net profitable month in November 2025, including exceptional items. While the Board believes this represents encouraging progress towards sustainable profitability, the Group's financial performance may continue to vary from month to month.

This performance reflects operational and organisational changes implemented across the Group, including management restructuring of the Polish subsidiary, new business growth, and a renewed focus on cost discipline and operational execution.

The Board considers this milestone to be an important validation of Fiinu's strategy and operating model, and a foundation from which the Group can continue to build sustainable commercial progress in the new year.

At the year-end the unaudited Group cash balance was approximately £5.34 million. The past few months' average monthly burn rate, without any unplanned exceptional items, is under £200,000 per month.

Management Changes, Governance and SPA Claims

Since completion of the acquisition of Everfex P.S.A. ("Everfex"), Karol Oleksa and Marta Oleksa have been replaced by a significantly more senior and experienced executive leadership team, with Dr Marko Sjoblom appointed as Chief Executive Officer and Adam Narczewski as a senior executive officer of Everfex, acting under delegated authority from the CEO. The Fiinu Plc Board considers these appointments to represent a material strengthening of the subsidiary's executive capability, governance standards, and operational oversight relative to the former management.

The Company has also served formal non-compete breach notices against Karol Oleksa and Marta Oleksa, in respect of the non-compete obligations under Share Purchase Agreement ("SPA") relating to the acquisition of Everfex. The case is currently at the pre-trial stage.

These actions form part of a wider governance enhancement and regulatory compliance programme, under which the previous CEO and Vice-President of the Group's Polish subsidiary Everfex have been replaced. The Board believes these measures are necessary to protect shareholder value, enforce contractual and regulatory obligations, and ensure the Group is appropriately positioned for its next phase of growth under strengthened leadership.

David Hopton, Chair of Fiinu Plc, commented:

"Fiinu completed the reverse takeover of Everfex with our re-admission to AIM in August 2025. The Board and Executive then were able to move quickly to review the systems and controls in place at Everfex in the final quarter of the year seeking to ensure consistency with our high Group governance standards and with local laws and regulations in Poland. As the Executive and Board undertook this work it became apparent that changes in the management structure were likely to accelerate the integration of Everfex into the Group culture and discipline. This resulted in the decisions outlined above.

"Following on from these decisions, regrettably, we have had to take action to address breaches of the non-compete clauses in the SPA mentioned above. However, this must not be permitted to undermine the fact that together with the acquisition of Everfex, and our careful management of the cost base, Fiinu has achieved a major milestone in 2025 in recording its first profitable month. We now look forward to 2026 as we continue to pursue the strategy we outlined in previous announcements and to the launch in Q1 of the Fiinu Plugin Overdraft® in association with our first partner Manx Financial Group. 

"On behalf of everyone at Fiinu Group I would like to thank all our shareholders for their support throughout the past year, and look forward to working hard to achieve further steps on our journey in 2026."

The Directors of the Company are responsible for the release of this announcement.

*ENDS*

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For more information, please visit www.fiinuplc.com