Wise PLC (LSE:WISE) reported a 16% growth in underlying income for the year to March, as it launched its services in Mexico in the final quarter.
Full-year underlying income grew 16% on a reported basis to £1.36 billion, or 18% on a constant currency basis.
This was down from the 17% growth for the first nine months of the year.
Underlying income growth remained steady in the fourth quarter, climbing 13% to £350.4 million on a reported basis, or 15% in constant currency terms, as cross-border money transfer volumes sped up.
The number of active customers rose 21% for the full year to 15.6 million, while cross-border volumes rose 23% to £145.20 billion.
The preliminary underlying profit before tax margin for FY25 was around 20% and for FY26 the margin is expected to be near the top of the company’s 13% to 16% target range.
Chief executive Kristo Käärmann said the final quarter saw launches in Mexico and Hong Kong, and a new partnership with Itaú Unibanco in Latin America.
New features were added like 'Interest' in Australia and a new hub in Hyderabad was announced "to drive growth in India", building on recent office expansions in London, Tallinn and Singapore.
Wise shares opened lower on Tuesday morning but quickly rose to a 1% gain at 964.5p.