Half-Year results; six months ended 30 June 2026

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ('MAR'), which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, until the release of this announcement

11 September 2026

Fiinu Plc

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

Half-Year results for the six months ended 30 June 2026

Fiinu plc (AIM: BANK), a fintech group, creator of the Plugin Overdraft®, announces its unaudited half-year results for the six months ended 30 June 2026.

Business Highlights

UK White-labelled Plugin Overdraft® Partnership: Substantial progress was made during the period towards the first production deployment of the Plugin Overdraft® with Conister Bank, with implementation materially advanced and remaining work focused on launch preparation.

Plugin Overdraft® Platform Development: The technology platform was further developed during the period to support deployment across European Open Banking architectures and to integrate alongside partners' existing banking infrastructure, supporting the Group's strategy of deploying the Plugin Overdraft® through multiple white-label banking partnerships.

Everfex Operational Remediation and Restructuring: Following a detailed post-acquisition review, the Board took decisive steps to address legacy operational, financial and governance matters within Everfex. Governance, risk oversight, AML/compliance arrangements, credit controls and operating procedures were strengthened, alongside a detailed review of legacy lending, creditor claims and historical transactions.

Capital Discipline and Operational Efficiency: The Group deployed capital and liquidity into continued development of the flagship Plugin Overdraft®, alongside supporting the post-acquisition review of Everfex. Plugin Overdraft® expenditure remained focused on achieving commercial deployment, while measures were implemented to transition Everfex towards a leaner and increasingly self-funded operating model, alongside continued tight management of plc overheads and discretionary expenditure.

Post Period End Highlights

Plugin Overdraft® - Conister Bank Partnership: Fiinu and Conister Bank agreed an addendum to their Master Services Agreement, formalising an updated implementation timetable and long-term commercial framework for the Plugin Overdraft®. The platform has progressed into the production environment, representing a significant milestone launch, targeted for around year-end 2026. The initial deployment is intended to support Conister Bank in extending overdraft facilities to Payment Assist Limited's existing customer base of approximately 1.5 million customers, with readiness for subsequent expansion to the wider market.

Everfex Operational Restructuring: Management has continued to reduce Everfex's operating cost base as part of the wider review of the business. By August 2026, the subsidiary's reported monthly overheads had reduced by approximately 55% compared with August 2025 and by approximately 50% compared with the representative monthly run-rate during 2025.

Strategic Outlook

The Group's strategy is focused on demonstrating the Plugin Overdraft® through its first production banking deployment and using that implementation as a foundation from which to secure additional white-label banking partnerships in the UK and Europe.

European Market Opportunity: During 2026, Fiinu has increased its focus on prospective European banking partners. The Plugin Overdraft® platform has been developed to operate across UK and EEA Open Banking architectures and alongside partners' existing banking infrastructure. European Banking Federation data suggests a banking market of approximately 5,000 institutions, while Fiinu's analysis of publicly available household financial-resilience data suggests over 120 million population of consumers experiencing short-term liquidity constraints which our Plugin Overdraft® solution could address. The Board believes this combination of a large addressable banking-partner market and identifiable consumer need provides a significant potential opportunity for the Group's white-label model.

Commercial Model and Scalability: For prospective white-label deployments, Fiinu's revenue model is based on recurring platform revenue per customer. This provides both the Group and banking partners with a known cost per customer. As the end user base increases for the Plugin Overdraft®, the Group also benefits from material economies of scale from its own supplier and technology cost base.

Based on the Group's current suppliers and technology cost structure, management estimates that this model could generate significant margins that increase further with scale. The technology-led nature of the platform therefore provides the potential for increasing operating leverage as customer volumes and the number of banking partners increase.

Broader Platform Opportunity: The Board views the Plugin Overdraft® as the first application of a broader unbundled-credit architecture, designed to allow banking partners to provide credit products to consumers without requiring customers to move their primary banking relationship. Over time, the Group believes this architecture could potentially support additional consumer and SME credit products.

Everfex: The Group's strategy is to establish Everfex within the enhanced governance, risk and capital frameworks that were introduced following acquisition. The desire remains to see Everfex operate profitably on a self-funded basis. Unfortunately, at this time there remains significant uncertainty with regards to Everfex's ongoing operational outlook due to continued legacy creditor matters and related ongoing restructuring discussions.

Financial Highlights

·      Cash at period end £2.704m

·      Loss after tax for the period £2.147m

Going Concern: The financial statements have been prepared on a going concern basis. In assessing going concern, the Directors have considered the financial position, the financial and cash flow projections, longer-term strategy of the business and the capital and liquidity plans, including stress tests and plans for future capital injections.

Forecasting revenues from financial services products involves inherent uncertainty, and there can be no assurance that anticipated opportunities will translate into revenues at the levels forecast. As such, forecasts, the timing of future commercial revenues and the Group's future cash requirements give rise to a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern. Further details are set out in Note 2

 Dr Marko Sjoblom, Fiinu's Chief Executive said:

"The first half of 2026 has been a period of significant operational progress and active management across both of the Group's principal businesses. For the Plugin Overdraft®, our primary focus has remained the commercial deployment of the technology. We have continued to progress our partnership with Conister Bank and, following the period end, agreed an updated implementation and commercial framework and moved the platform into the production environment. Work is now focused on launch preparation, with the first production deployment targeted for around year-end 2026. We believe this represents an important step towards establishing a live, scalable platform from which the proposition can subsequently expand.

At Everfex, our priorities have evolved considerably following the acquisition. A detailed post-acquisition review identified a number of legacy operational, financial and governance matters which required decisive action. We have strengthened governance, risk management, compliance and credit controls, while reviewing legacy creditor positions and historical transactions. At the same time, management has materially reduced the operating cost base and is working towards establishing Everfex as a leaner and increasingly self-funded business. Our objective is to preserve and develop that business while addressing legacy matters through an appropriate and structured process, whilst carefully managing the Group's exposure to them.

Across Fiinu, we remain focused on disciplined capital allocation and managing liquidity. Our immediate priorities are clear: complete the first commercial deployment of the Plugin Overdraft®, continue to develop opportunities with prospective banking partners, progress the restructuring and operational improvement of Everfex, and maintain tight control over Group expenditure.

Although 2026 has presented challenges, the actions taken during the period and subsequently have created a clearer operational and financial framework for both businesses. We remain focused on execution and on converting the Group's technology, commercial relationships and underlying operating businesses into sustainable long-term shareholder value."

The half-year Interim Report and Accounts for the period ended 30 June 2026 are available on the Company's website at www.fiinuplc.com.

Key Financials

Highlighted below are the key unaudited financial highlights for the six months to 30 June 2026, compared to the six months to 30 June 2025 and the audited year ending 31 December 2025.

Enquiries:

Fiinu Plc ("Fiinu"), founded in 2017, is a publicly traded (LSE: BANK) fintech Group, admitted to trading on the AIM Market of the London Stock Exchange, that has developed the world's first Bank Independent Overdraft® platform. The platform, offered as a white labelled solution to banks, allows lenders to offer Fiinu's flagship product, Plugin Overdraft® to retail consumers. Plugin Overdraft® is an unbundled overdraft solution that allows customers to have an overdraft without changing their existing bank.

Fiinu's vision is that the Bank Independent Plugin Overdraft® platform will create a totally new market, an infrastructure where unbundled overdrafts will increase financial fairness and freedom for everyone, everywhere.

The underlying technology platform is bank agnostic, and it enables Fiinu to serve all other banks' customers. With the customer's consent, the platform can already connect to more than 100 million bank accounts in the UK, i.e. any of the retail customer's existing primary bank accounts, no matter which bank they use. Fiinu's vision is built around Open Banking, and the Board believes that it increases competition and innovation in the financial services market.

For more information, please visit www.fiinuplc.com.

 Consolidated statement of comprehensive income

Consolidated statement of financial position

Consolidated statement of cash flows