Fonix Mobile

Website: Fonix Mobile
Index: AIM
EPIC: FNX
Supersector: Technology
Sector: Software and Computer Services
Subsector: Computer Services
Market Cap: £155.59M
Payout Frequency: Semi-Annual

Next Fonix Mobile Dividend

Fonix Mobile next goes ex-dividend on 26/03/2026. This will be the Interim dividend for 2026.

The dividend per share amount is 3.1000p (GBP) and the payment date is 02/04/2026.

Dividend details

Type: Interim dividend
Amount: 3.10p per share (up +6.9% vs prior interim 2.90p)
Ex-dividend date: 26/03/2026
Record date: 27/03/2026
Payment date: 02/04/2026
Policy: Progressive; pay out at least 75% of adjusted EPS as ordinary dividends
H1 FY26 adjusted EPS: 6.2p; interim DPS = ~2.0x EPS cover
Estimated cash cost: c. £3.1m (c. 99.1m shares ex-treasury)

Financial support for the dividend

H1 performance: Gross profit £10.5m (+7.1%), Adjusted EBITDA £8.3m (+6.4%), Adjusted PBT £8.0m (+2.6%).
Cash: Underlying cash at period end £9.2m (down from £11.0m YoY, reflecting higher shareholder distributions and prior special dividend).
Cash generation: Underlying operating cash flow H1 £5.6m, which would cover the newly declared interim (~£3.1m) by ~1.8x.
Balance sheet: No external debt; actual cash (incl. client monies) £27.1m.

Track record and recent distributions

Interim DPS raised to 3.10p (consistent with progressive policy).
Cash out in H1 for dividends was £5.85m (likely FY25 final), broadly matched by underlying operating cash flow.
Prior special dividend of £3m paid in H2 FY25 underscores management’s willingness to return surplus cash.

Analysis: sustainability and growth outlook

Sustainability: High-quality earnings profile with >99% repeating income, long-standing media relationships (ITV contract extended), and 100% platform uptime. Interim DPS is well covered by both EPS and underlying cash flow, with an adequate cash buffer and no leverage.
Growth trajectory: Interim DPS growth of +6.9% is supported by H1 operational growth (all service lines up; international expansion gaining traction). Management reiterates a progressive policy targeting =75% payout of adjusted EPS at the annual level.
Capital allocation: Balanced between shareholder returns and investment. Continued spend on product (capitalised dev £0.72m) and European expansion increases opex, but EBITDA still advancing. Falling interest income and a slightly higher tax rate temper net earnings momentum but do not threaten the current dividend level.

Structural changes or items affecting future dividends

Operational expansion: New subsidiaries and a legal entity established in additional European markets; consolidation presented for the first time. No demergers, M&A, or share consolidation announced.
Contract visibility: ITV contract extension supports forward revenue visibility, a positive underpin for dividends.

Risks and flags to dividend stability

Sector exposure: UK tax changes affecting gaming operators (sector now <6% of gross profit); some customer exits already seen, though volumes may consolidate to remaining operators.
Customer concentration: 3 customers account for >10% of revenue/gross profit, creating concentration risk.
Execution/regulatory risk: European market entries entail regulatory approvals and operator integrations; potential timing and cost risks.
Cash dynamics: Underlying cash down 16.4% YoY after elevated shareholder distributions; continued expansion spend and lower interest income could modestly reduce free cash cover if growth underdelivers.
Tax/R&D: Reduced R&D credits and a higher effective tax rate slightly pressure post-tax cash generation.

Dividends Used in Calculation:

Ex-Dividend Date	Payment Date	Type	Amount	Currency
30/01/2025	12/02/2025	Special	3.00p	GBX
27/03/2025	04/04/2025	Interim	2.90p	GBX
20/11/2025	28/11/2025	Final	5.90p	GBX

Total (Annual Dividends Per Share): 11.80p

Dividend Yield = Annual Dividends Per Share (11.80p) ÷ Share Price (157p) = 7.52%

Ex Dividend Date	Payment Date	Type	Amount	Currency
26/03/2026	02/04/2026	Interim	3.1000p	GBX
20/11/2025	28/11/2025	Final	5.90p	GBX
27/03/2025	04/04/2025	Interim	2.90p	GBX
30/01/2025	12/02/2025	Special	3.00p	GBX
21/11/2024	29/11/2024	Final	5.70p	GBX
21/03/2024	02/04/2024	Interim	2.60p	GBX
16/11/2023	30/11/2023	Final	4.89p	GBX
23/03/2023	31/03/2023	Interim	2.36p	GBX
24/11/2022	30/11/2022	Final	4.50p	GBX
24/03/2022	31/03/2022	Interim	2.00p	GBX
18/11/2021	30/11/2021	Final	3.53p	GBX
04/03/2021	19/03/2021	Interim	1.70p	GBX

Year	Interim	Final	Currency	Total	Change
2024	2.600	5.700	GBX	8.300	14.480
2023	2.360	4.890	GBX	7.250	11.530
2022	2.000	4.500	GBX	6.500	24.280
2021	1.700	3.530	GBX	5.230

Number of Shares:

Payment	Paid	Amount
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