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Highlights
- Q3 recurring cash revenue up 4%: Duke Capital achieved £6.5 million in recurring cash revenue for the third quarter, surpassing the prior record.
- Total cash revenue remains robust: The firm reported steady performance in both recurring and non-recurring cash streams.
- £23.5 million raised for growth: Recent fundraising will fuel merger and acquisition activity and support non-dilutive funding strategies.
Duke Capital, a specialist in hybrid business capital, has reported strong revenue growth in its third-quarter trading update. Recurring cash revenue reached £6.5 million, reflecting a 4% year-on-year increase from £6.3 million in the same period last year. The figure also exceeded the previous quarter's record of £6.4 million, marking another milestone for the AIM-listed firm.
The company attributed its consistent growth to solid performance in recurring cash revenue, excluding contributions from exit premiums and equity sale gains. Total cash revenue, which combines recurring distributions with non-recurring gains, also remained robust, demonstrating the firm’s diversified income streams.
Strategic Fundraising Boosts Growth Initiatives
Duke Capital raised £23.5 million in December to bolster its portfolio-focused merger and acquisition activity and further its non-dilutive funding strategy. The funds are intended to accelerate growth across its portfolio while maintaining its commitment to sustainable expansion.
This capital injection is part of the company’s broader efforts to enhance its position in the market and pursue new opportunities. By focusing on targeted investments, Duke aims to strengthen its portfolio companies while generating value through strategic partnerships.
Progress in Securing Third-Party Capital Partnerships
The firm has also made notable strides in securing a third-party capital partner to support its next phase of expansion. The addition of external capital is expected to provide significant leverage for future growth, enabling Duke to scale its operations and reinforce its hybrid capital model.
This move aligns with Duke Capital's ongoing strategy to blend recurring revenue streams with strategic gains from mergers, acquisitions, and equity partnerships. It underscores the company’s commitment to long-term growth and adaptability in the evolving financial landscape.
Outlook and Future Plans
As Duke Capital enters its next phase of growth, the company is well-positioned to capitalize on its momentum. The consistent increase in recurring cash revenue, coupled with its ability to secure substantial funding, highlights the strength of its business model.
With additional resources and new partnerships in development, Duke aims to continue delivering value to its stakeholders while expanding its market presence. The company’s focus on sustainable growth and strategic investments remains central to its approach as it builds on its success in the third quarter.
