DUKE CAPITAL LIMITED

Earnings Release • Sep 29, 2025

National Storage Mechanism | Additional information

RNS Number : 1013B

Duke Capital Limited

29 September 2025

29 September 2025

Duke Capital Limited

("Duke Capital", "Duke" or the "Company")

Trading Update

Duke Capital Limited (AIM: DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, is pleased to provide guidance on its trading for the second quarter of the financial year ending 31 March 2026 ("Q2 FY26").

Trading Update

Based on current trading, Duke expects to achieve recurring cash revenue* of £6.6 million in Q2 FY26. This represents a 3% year-on-year increase on Q2 FY25 (£6.4 million) and in line with the prior quarter, Q1 FY26.

Overview of quarterly revenue growth:

	Recurring Cash Revenue*	Total Cash Revenue**
Q1 FY25	£6.3 million	£6.8 million
Q2 FY25	£6.4 million	£6.8 million
Q3 FY25	£6.5 million	£6.5 million
Q4 FY25	£6.4 million	£6.8 million
Q1 FY26	£6.6 million	£6.6 million

* Recurring cash revenue excludes exit premium receipts and cash gains from equity sales

** Total cash revenue is monthly cash distributions from Duke's partners plus exit premium receipts and cash gains from equity sales

Neil Johnson, CEO of Duke Capital, said:

"Our business model continues to show its resilience in a challenging UK market where we have seen persistent high inflation. Despite this, we have consistently delivered year-on-year increases in our recurring cash revenues. During the last quarter, we were pleased to see the UK base rate fall in August. Our business model and attractiveness to investors benefits with lower interest rates. Along with our strong balance sheet, this will enhance our ability to deliver long-term, sustainable value for shareholders."

***ENDS***

For further information, please visit https://dukecapital.com/ or contact:

Duke Capital Limited	Neil Johnson / Charles Cannon Brookes / Hugo Evans	+44 (0) 1481 231 816
Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)	Stephen Keys / Callum Davidson / Michael Johnson	+44 (0) 207 220 0500
Canaccord Genuity Limited (Joint Broker)	Adam James / Harry Rees	+44 (0) 207 523 8000
SEC Newgate (Financial Communications)	Robin Tozer / Alice Cho / Gwen Samuel	+ +44 (0) 20 3757 6882 [email protected]

About Duke Capital

Duke is a leading provider of hybrid capital solutions for SME business owners in Europe and North America, combining the best features of both equity and debt.

Since 2017, Duke has provided unique long-term financing which eliminates re-financing risk and necessity for a short-term exit by providing a unique 'corporate mortgage' while also aligning its returns to grow with the success of the business.

Duke is focused on generating attractive risk-adjusted returns for shareholders and has a track record of achieving this across market cycles. It's three investment pillars are capital preservation, attractive dividend yield, and to provide upside upon exits.

Duke is listed on the AIM market under the ticker DUKE and is headquartered in Guernsey.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTGCGDCBXDDGUR