Manolete Partners PLC delivered a comprehensive investor update showcasing resilient financial performance, strong operational momentum, and a robust growth strategy despite a challenging litigation environment. Interim financial results highlighted total revenue of £12.7m, realised revenue of £14m, gross profit of £4m and a stable 31% gross margin, supported by disciplined cost control and a flat overhead base. While EBIT was impacted by a £1.9m non-cash cartel portfolio revaluation, adjusted EBIT rose to £2m, underscoring improving profitability, stronger margins, and the scalability of the company’s unique model. As the UK’s leading insolvency litigation financing specialist, Mandalay reiterated the strength of its differentiated strategy—purchasing claims rather than funding them—providing full control of litigation, enhanced recovery rates and consistent, high-return outcomes. The company has financed over 1,700 claims, completed 1,335 cases and generated £175m in aggregate value with a long-term IRR of 130% and ROI of 111%. Market conditions remain favourable, with rising UK insolvencies, increased compulsory liquidations, and growing volumes of high-value claims, particularly those linked to HMRC petitions. KPIs demonstrated continuing momentum: record new case inquiries, higher average settlement values, strong case signings, and accelerating cash realisations. The balance sheet remains stable with £40m invested in live cases, £30m in receivables and improving net debt, while the company continues to generate sufficient operating cash to fund overheads and new case investments. Management highlighted a strong start to the second half, continued growth in the order book, and an expanding pipeline of higher-value opportunities. Mandalay reaffirmed its core growth strategy focused on UK insolvency claims, disciplined capital allocation and maintaining a balanced portfolio across small, mid-market and large-scale cases. With proven market leadership, high-quality recoveries and strong cash generation, the company remains well-positioned to deliver sustained revenue growth and enhanced shareholder value.