Duke Capital’s 4Q26E trading update points to a solid end to FY26E, with record recurring cash revenue up 8% YoY to £7.0m (4Q25A: £6.5m) and continued sequential growth from £6.8m in 3Q26A, demonstrating resilience in the model despite a mixed macro backdrop. Total cash revenues of £8.5m were boosted by the final deferred consideration payment from the Fabrikat exit, which achieved an IRR of c.35%, illustrating Duke’s hybrid model in practice by combining steady yield with equity upside. The gro ....
