STM Group PLC - London-based cross-border financial services provider, operating in the UK, Gibraltar, Malta, Spain and Australia - Says revenue for 2023 is £28.0 million, ahead of market expectations, as a result of higher than forecasted interest income. This is a 6.7% increase from £24.1 million a year ago. Adds that it incurred costs related to the acquistion of by Jambo SRC, as well as an additional £700,000 of exceptional costs. ‘These exceptional costs relate to the write down of certain non-cash items relating to the disposals of the companies and trust services subsidiaries in 2021,’ STM explains.

Current stock price: 57.70 pence, untraded

12-month change: up 4.6%

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