Travelex Reports Q1 2026 Financial Results

Travelex Issuerco 2 Plc has released its financial performance for the first quarter of 2026, reporting a challenging trading period due to ongoing Middle East conflicts. These disruptions affected regional branches, global currency supply chains, and travel patterns. In response, Travelex has implemented measures to support affected stakeholders.

The Company reported revenue of £93.8 million, which is a decline of £22.3 million compared to the same period in 2025. Excluding Brazilian operations, revenue was £78.4 million, also down £22.3 million. The underlying EBITDA showed a loss of £2.9 million, £3.7 million adverse to Q1 2025, with Brazil-excluded EBITDA at a £3.9 million loss.

Travelex has undertaken cost reduction and operational efficiency measures to mitigate these losses, focusing on cutting overheads and trading costs aligned with income decreases.