Net revenue was £7.7m (Q1 FY26: £8.2m), reflecting the planned transition to a leaner sales organisation focused on higher-value merchants, driving a more profitable estate. Merchant Rentals grew to £2.8m (Q1 FY26: £2.6m), supported by continued terminal deployments and partner activity, and Business Finance funding was £7.6m (Q1 FY26: £7.4m). Continued progress in strengthening the Merchant Services proposition through enhancements to our payments offering and the ongoing development of our mid-market pipeline. “Our underlying business performance for the quarter was consistent with our expectations and, against a strong prior year comparator, has established a solid platform for the year ahead. In Merchant Services, our new go-to-market strategy is underway, supported by continued partnership growth in Merchant Rentals and Business Finance.”