Fiinu reported its first-ever monthly group-wide net profit in November, marking what the fintech described as a key validation of its operating model as it moves into 2026.
The company credited the improvement to organisational changes, tighter cost discipline and restructuring at its Polish subsidiary Everfex.
The fintech, known for its Plugin Overdraft product, said the November result included exceptional items but warned that performance may continue to fluctuate month to month.
Average monthly cash burn in recent months was below £200,000, while the year-end cash balance stood at about £5.34 million.
The board highlighted major management changes at Everfex following Fiinu’s acquisition of the business in August 2025.
The company added that former leadership figures Karol and Marta Oleksa have been replaced by a more senior team. Dr Marko Sjoblom has taken over as CEO, with Adam Narczewski appointed as a senior executive officer acting under delegated authority. Fiinu said the shift significantly improves governance and oversight at the subsidiary.
The firm has also issued formal notices alleging breaches of non-compete obligations under the share purchase agreement for Everfex. The case is currently in pre-trial proceedings.
Chair David Hopton said the governance review made clear that a new management structure would help accelerate integration.
He added that the profitability milestone reflects both the Everfex acquisition and improved cost control. Fiinu expects to launch the Plugin Overdraft in partnership with Manx Financial Group in the first quarter of 2026.
