NETWORK INTL HLDGS PLC ORD GBP0.10
Symbol: NETW
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Company
Business Summary
Network International Holdings PLC is a UK-based entity which is an enabler of digital commerce across the Middle East and Africa (MEA) by providing technology-enabled payments solutions. The Company’s solutions include Merchant solutions and Issuer solutions through N-Genius Payment Devices, N-Genius Mini Payment Devices, on the go payment devices, and N-Genius online. Under Merchant solutions, the Group provides services for merchants, acquirer processing services for financial institutions, omnichannel payment acceptance solutions, loyalty solutions, dynamic currency conversion, data analytics and payment plans.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Network International Holdings PLC revenues increased 13% to $490.1M. Net income decreased 17% to $65.7M. Revenues reflect Merchant services segment increase of 28% to $231.9M, Outsourced payment services segment increase of 3% to $250.7M, Middle East segment increase of 23% to $354.1M. Net income was offset by Salaries and allowances increase of 9% to $104M (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 490.13 | 438.37 | 352.25 | 284.84 | 334.91 | 262.01 |
Gross profit | 404.23 | 355.58 | 273.46 | 217.04 | 237.68 | 208.98 |
Operating Profit/Loss | 111.40 | 109.34 | 78.00 | 39.02 | 90.49 | 105.23 |
Profit Before Tax | 79.00 | 93.44 | 63.38 | 10.30 | 65.64 | 86.31 |
Profit After Tax | 66.51 | 80.10 | 56.56 | 5.60 | 59.01 | 80.62 |
Equity Holders of Parent Company | 65.69 | 80.13 | 57.44 | 6.16 | 57.60 | 54.07 |
Minority Interest | -0.16 | -0.14 | -0.45 | 0.10 | -1.22 | 2.16 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 820.94 | 792.91 | 810.97 | 564.09 | 563.41 | 510.96 |
Total Current Assets | 953.97 | 785.86 | 813.89 | 684.64 | 373.53 | 517.96 |
Total Assets | 1,774.91 | 1,578.77 | 1,624.87 | 1,248.73 | 936.94 | 1,028.91 |
Total Liabilities | 1,145.55 | 951.09 | 1,012.45 | 750.77 | 698.23 | 772.89 |
Total Net Assets | 629.36 | 627.68 | 612.41 | 497.96 | 238.71 | 256.02 |
Shareholders Funds | 628.71 | 627.84 | 613.75 | 498.42 | 240.57 | 254.42 |
Minority Interests | -0.16 | -0.14 | -0.45 | 0.10 | -1.22 | 2.16 |
Total Equity | 629.36 | 627.68 | 612.41 | 497.96 | 238.71 | 256.02 |
Outlook
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
30th Mar 2023 | JP Morgan Cazenove | Reiteration | 248p | 0p | 470p | Overweight |
19th Jan 2023 | Credit Suisse | Reiteration | 284p | 390p | 360p | Outperform |
20th Oct 2022 | Berenberg Bank | Reiteration | 323p | 450p | 450p | Buy |
20th Oct 2022 | Barclays | Reiteration | 323p | 370p | 370p | Overweight |
12th Aug 2022 | Berenberg Bank | Reiteration | 245p | 450p | 450p | Buy |
12th Aug 2022 | Barclays | Reiteration | 245p | 290p | 305p | Overweight |
18th Jul 2022 | JP Morgan Cazenove | Reiteration | 188p | 470p | 470p | Overweight |
15th Jul 2022 | Barclays | Reiteration | 181p | 355p | 290p | Overweight |
19th May 2022 | Barclays | Reiteration | 221p | 0p | 355p | Overweight |
11th May 2022 | Morgan Stanley | Reiteration | 225p | 0p | 0p | Overweight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
25 Apr 2024 | 08:03 | 393.608 | 762 | Sell |
25 Apr 2024 | 08:00 | 394 | 2,509 | Buy |
25 Apr 2024 | 08:00 | 394 | 117,500 | Buy |
24 Apr 2024 | 16:35 | 393.8 | 95,240 | Buy |
24 Apr 2024 | 16:20 | 393.6 | 1,416 | Sell |
24 Apr 2024 | 16:20 | 393.6 | 1,416 | Sell |
24 Apr 2024 | 16:20 | 393.6 | 1,417 | Sell |
24 Apr 2024 | 16:11 | 393.6 | 1,558 | Sell |
24 Apr 2024 | 16:11 | 393.6 | 773 | Sell |
24 Apr 2024 | 16:11 | 393.6 | 898 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.