Shares in Manolete Partners PLC (AIM:MANO) climbed 3.5% to 51.6p after the insolvency claims financing group reported a stronger second-half performance, with higher-value case completions supporting improved profitability.
Realised revenue for the year to 31 March 2026 is expected to be about £28 million, down from £29.5 million the year before but in line with expectations.
Gross cash receipts rose to £26.6 million from £25.6 million, while net debt edged up to £11.5 million.
A small free cash outflow of £0.2 million was recorded, compared with an inflow of £0.5 million a year earlier.
Adjusted realised profit before tax is expected to be £1.9 million, up from £0.6 million, reflecting stronger second-half trading.
The group noted potential provisions of £1.5 million to £2.0 million linked to delayed payments from a small number of large debtors, with total exposure of around £4.7 million.
Manolete increased its forward book to £67 million from £49 million, driven by the higher value case signings.
Chief executive Mena Halton, who was promoted to the role from managing director last year, said continued investment was being made to strengthen the team and the new business development function to support future growth.
She said: "Our forward book has increased significantly in value and we are confident of continuing to build on our market leadership position as UK insolvencies persist at elevated levels."