TruFin plc (TRFNF) Q2 2026 Earnings Call Transcript

TruFin plc ( TRFNF ) Q2 2026 Earnings Call September 21, 2026 6:00 AM EDT Company Participants James Van Den Bergh - CEO & Executive Director James Hussey - Chief Financial Officer Presentation Operator Good morning. Welcome to the TruFin plc Investor Presentation. [Operator Instructions] Before we begin, I'd like to submit the following poll. And I'd like to hand you over to James Van Den Bergh, CEO. Good morning, sir. James Van Den Bergh CEO & Executive Director Good morning, Charlie. Thank you for hosting us today. So I'm James Van Den Bergh, I'm the CEO of TruFin. And with me today is James Hussey, the CFO of TruFin. Thank you all. Thank you all for joining us. So as you all know, hopefully, you all know, we are a holding company. We've got 2 businesses, majority stakes in two businesses, Oxygen and Satago. And we're going to go into both of those in more detail later. And we also have 25 -- approximately GBP 25 million of cash. So just to put that in perspective, that equates to 46.4p per share. So that's about half the current market cap. So we've got about half the current market cap in cash, and then we have majority stakes in Oxygen and Satago. So how do we get this cash? Well, we sold Playstack in June this year, GBP 125 million. And what do we do with the proceeds? Well, we did exactly what we said we would do. We returned the money to shareholders. So we returned it via buyback and via a dividend. We bought back 40.6 million shares of TruFin shares at GBP 1.40. And just to sort of step back a little bit, that means over the last 18 months, we bought back in total from internally generated proceeds and from our proceeds from the Playstack sale. We bought back 52.6 million