Shares in money transfer firm Wise surged six percent in early morning trading as it shared preliminary figures ahead of its capital markets day event.
The company, which is set to release its full year results in June, anticipates a 21 percent increase in active customers, reaching 15 million, along with a 16 percent rise in underlying income, resulting in £1.4 billion in revenue.
Wise reports that its pre-tax profit margins are at the upper end of expectations, with underlying income growth projected between 15 to 20 percent for the 2026 financial year and a robust underlying profit before tax (PBT) margin of 13-16%.
Over the past 14 years, Wise has facilitated the movement of over £0.5 trillion across borders for its customers, who now trust the company with £20 billion of their funds.
The firm has been actively investing in its infrastructure to establish direct access to payment rails in key markets, with Japan being the latest to go live.
In the first half results presentation in November, co-founder and CEO Kristo Kaarmann stated that Wise aims to surpass the billion-pound transaction processing mark and facilitate the movement of trillions of pounds globally.