CAB Payments Holdings plc is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets. CAB Payments uses its strength of network, technology, and expertise to seamlessly move money where it’s needed and is the holding company for Crown Agents Bank, a UK-regulated bank.

14 Aug 2025

Financial & strategic progress, confidence for H2

CAB delivered a solid financial performance in H125 (to 30 Jun), with our FY25 forecasts (and beyond) unchanged. This performance was despite unfavourable market conditions, driven by US tariff and trade policy which depressed cross border flows and increased currency volatility, and the cutback in USAID payments which reduced development aid flows.

H125 was a period where huge progress was made in laying the foundations for a return to strong growth (see pages 2 & 3). Network and client numbers were up; a new US office in New York should accelerate LATAM growth; a new International Money Transfer Operator licence in Nigeria (granted Jul 25) should accelerate growth in that market; and new products such as ‘last mile’ functionality, a deposit guarantee facility, and forex derivative products have the potential to provide a further boost.

Our fundamental value remains 90p per share, using a DCF model (page 8), around 80% above the current share price.

Download as a PDF file

Return to CAB Payments Holdings

Register to be first

Get research on the companies that interest you straight to your inbox

Equity Development is a partner to successful companies looking to enhance their investor relations. Our top-rated analysts produce best in class investment research. Based in London, UK, we help our clients connect with investors via presentations and interviews.

Equity Development Limited 3rd Floor, 80 Cheapside, London, EC2V 6EE

Website design & development by Breckenridge