In today’s FY25 year-end trading summary for the period 1 Apr 24 – 31 Mar 25, Mercia  has announced it expects EBITDA to be ‘materially ahead’ of expectations. This seems to be driven by a ‘continuing focus on efficiencies.’ It also reported a jump in net inflows in Q4 (£250m). This is hugely impressive given such an uncertain market and economic environment.