Peel Hunt has reported a pre-tax loss of £3.5m in its latest annual results, widening its losses of £3.3m last year.

The investment bank cited “exceptional group restructuring costs” and suggested there had been “historically low levels” of equity capital markets activity in the UK over the past 12 months.

Peel Hunt said that companies listed in the UK had continued to transact “much less frequently than normal” and added that IPO market activity “remained low”.

Despite this, Peel Hunt’s revenue for the year to 31 March did increase by 6% year-on-year to £91.3m up from £85.8m in its 2024 financial year.

The investment bank did also remain hopeful for its 2026 financial year and suggested that, while equity capital markets activity in the UK remains generally subdued, it could “gain traction” should macroeconomic conditions continue to stabilise.

“In challenging markets, we have delivered an improved revenue performance through our continued focus on diversifying our business and being a trusted advisor to high-quality clients,” said Peel Hunt CEO, Steven Fine.

“Ongoing uncertainty continued to weigh on equity capital markets activity during the period, driven by geopolitical risks, elections, stagflation fears and US trade tariffs. Our diversified offering meant we were able to support clients through these changing market conditions.

“As we continue to make strategic progress, we enter our next financial year well positioned. In the year ahead we will continue to build the business and drive further efficiencies as we target sustained profitability.”

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