Duke Capital Limited (LSE:DUKE) has reported interim results for the six months to 30 September 2025, demonstrating resilience in the face of challenging economic conditions. Recurring cash revenue rose 3% to £13.2 million, while free cash flow held firm at £5.9 million. The company continued to deploy capital strategically, investing more than £15 million into its existing partner portfolio to support acquisitions and organic growth initiatives. Looking ahead, Duke expects recurring cash revenue to grow by around 5% in Q3 FY26 and highlighted recent investment activity, including the acquisition of Galway Bay FM. Despite headwinds, the business remains committed to long-term value creation through disciplined capital allocation and maintaining a strong balance sheet.

The outlook is shaped by mixed financial signals. Pressures on revenue and profitability weigh on sentiment, and technical indicators show limited momentum. Although the shares trade on a high P/E ratio, the elevated dividend yield provides an element of support. The absence of earnings-call detail and corporate developments constrains further insight.

More about Duke Capital

Duke Capital Limited provides hybrid capital solutions to small and mid-sized businesses across Europe and North America, blending elements of equity and debt in long-term financing structures that avoid refinancing risk. Since 2017, the company has focused on generating attractive, risk-adjusted returns for shareholders. Duke is listed on AIM under the ticker DUKE and is headquartered in Guernsey.

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