{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "wiseplc": "http://wiseplc.com/xbrl/2023", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://wiseplc.com/xbrl/2023/213800LD9XCHIC1C4V71-2025-03-31.xsd" ] }, "facts": { "fact-11": { "value": "1211900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-12": { "value": "1052000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-13": { "value": "594300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestRevenueCalculatedUsingEffectiveInterestMethod", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-14": { "value": "485200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestRevenueCalculatedUsingEffectiveInterestMethod", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-15": { "value": "161200000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:BenefitsPaidRelatingToCustomerBalances", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-16": { "value": "124900000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:BenefitsPaidRelatingToCustomerBalances", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-17": { "value": "328100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-18": { "value": "307400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-19": { "value": "9100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-20": { "value": "12500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-21": { "value": "1307800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-22": { "value": "1092400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-23": { "value": "768600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-24": { "value": "615900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-25": { "value": "33300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestRevenueExpense", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-26": { "value": "19700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestRevenueExpense", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-27": { "value": "7100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-28": { "value": "5700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-29": { "value": "579600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-30": { "value": "501900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-31": { "value": "700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-32": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-33": { "value": "15500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-34": { "value": "20500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-35": { "value": "564800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-36": { "value": "481400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-37": { "value": "148100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-38": { "value": "126800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-39": { "value": "416700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-40": { "value": "354600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-41": { "value": "10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-42": { "value": "10900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-43": { "value": "-10400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-44": { "value": "-7000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-45": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-46": { "value": "3900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-47": { "value": "416600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-48": { "value": "358500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-49": { "value": "0.4037", "decimals": 4, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP/xbrli:shares" } }, "fact-50": { "value": "0.342", "decimals": 4, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP/xbrli:shares" } }, "fact-51": { "value": "0.3973", "decimals": 4, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP/xbrli:shares" } }, "fact-52": { "value": "0.3373", "decimals": 4, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP/xbrli:shares" } }, "fact-53": { "value": "1645000000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:AlternativePerformanceMeasuresIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-54": { "value": "1412300000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:AlternativePerformanceMeasuresIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-55": { "value": "1362300000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:UnderlyingIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-56": { "value": "1172700000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:UnderlyingIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-57": { "value": "282100000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:UnderlyingProfitBeforeTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-58": { "value": "241800000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:UnderlyingProfitBeforeTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-59": { "value": "84700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-60": { "value": "103000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-61": { "value": "115900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-62": { "value": "34300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-63": { "value": "4000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-64": { "value": "6500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-65": { "value": "38800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentReceivables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-66": { "value": "32100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentReceivables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-67": { "value": "243400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-68": { "value": "175900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-69": { "value": "15000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-70": { "value": "4000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-71": { "value": "347600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-72": { "value": "442800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-73": { "value": "4654900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-74": { "value": "4033900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentFinancialAssetsAtFairValueThroughOtherComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-75": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-76": { "value": "1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-77": { "value": "13982800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-78": { "value": "10479200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-79": { "value": "19002800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-80": { "value": "14961500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-81": { "value": "19246200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-82": { "value": "15137400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-83": { "value": "45800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentPayables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-84": { "value": "46100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentPayables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-85": { "value": "98100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-86": { "value": "198400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-87": { "value": "75900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-88": { "value": "14800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-89": { "value": "4000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-90": { "value": "2400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-91": { "value": "11900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-92": { "value": "6300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-93": { "value": "235700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-94": { "value": "268000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-95": { "value": "17578800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-96": { "value": "13861800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-97": { "value": "1300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ShorttermBorrowings", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-98": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ShorttermBorrowings", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-99": { "value": "10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-100": { "value": "6700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-101": { "value": "4400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-102": { "value": "6000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-103": { "value": "3700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-104": { "value": "1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentDerivativeFinancialLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-105": { "value": "25800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-106": { "value": "9100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-107": { "value": "17624300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-108": { "value": "13889500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-109": { "value": "17860000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-110": { "value": "14157500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-111": { "value": "10200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-112": { "value": "10200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-113": { "value": "-8000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-114": { "value": "-8000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-115": { "value": "299400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfSharebasedPayments", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-116": { "value": "306500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfSharebasedPayments", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-117": { "value": "66800000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:OwnSharesReserve", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-118": { "value": "55500000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:OwnSharesReserve", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-119": { "value": "-2100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-120": { "value": "-12400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-121": { "value": "-14200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-122": { "value": "-3800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-123": { "value": "1167700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-124": { "value": "742900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-125": { "value": "1386200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-126": { "value": "979900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-127": { "value": "19246200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-128": { "value": "15137400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-1": { "value": "The Group consolidated financial statements on pages 126 to 154 were authorised for issue by the Board of Directors on 5 June and were signed on its behalf by: Kristo K\u00e4\u00e4rmann Co-founder and CEO", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-129": { "value": "10200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-130": { "value": "-8000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-131": { "value": "247400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-132": { "value": "-10400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-133": { "value": "-23300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-134": { "value": "3200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-135": { "value": "357800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-136": { "value": "576900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-137": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-138": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-139": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-140": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-141": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-142": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-143": { "value": "354600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-144": { "value": "354600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-145": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-146": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-147": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-148": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-149": { "value": "10900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-150": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-151": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-152": { "value": "10900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-153": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-154": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-155": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-156": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-157": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-158": { "value": "-7000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-159": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-160": { "value": "-7000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-161": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-162": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-163": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-164": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-165": { "value": "10900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-166": { "value": "-7000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-167": { "value": "354600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-168": { "value": "358500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-169": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-170": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-171": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-172": { "value": "69900000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-173": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-174": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-175": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-176": { "value": "69900000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-177": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-178": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-179": { "value": "72500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-180": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-181": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-182": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-183": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-184": { "value": "72500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-185": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-186": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-187": { "value": "-40800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-188": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-189": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-190": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-191": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-192": { "value": "-40800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-193": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-194": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-195": { "value": "-54200000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-196": { "value": "24800000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-197": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-198": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-199": { "value": "30500000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-200": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-201": { "value": "10200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-202": { "value": "-8000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-203": { "value": "306500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-204": { "value": "-55500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-205": { "value": "-12400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-206": { "value": "-3800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-207": { "value": "742900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-208": { "value": "979900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-209": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-210": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-211": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-212": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-213": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-214": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-215": { "value": "416700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-216": { "value": "416700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-217": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-218": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-219": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-220": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-221": { "value": "10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-222": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-223": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-224": { "value": "10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-225": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-226": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-227": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-228": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-229": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-230": { "value": "-10400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-231": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-232": { "value": "-10400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-233": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-234": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-235": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-236": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-237": { "value": "10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-238": { "value": "-10400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-239": { "value": "416700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-240": { "value": "416600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-241": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-242": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-243": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-244": { "value": "71000000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-245": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-246": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-247": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-248": { "value": "71000000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:SharesAcquiresByEPOSTrust", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-249": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-250": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-251": { "value": "58900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-252": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-253": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-254": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-255": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-256": { "value": "58900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-257": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-258": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-259": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-260": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-261": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-262": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-263": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-264": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-265": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-266": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-267": { "value": "-66500000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-268": { "value": "59700000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-269": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-270": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-271": { "value": "8100000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-272": { "value": "1300000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:EmployeeShareSchemes", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-273": { "value": "10200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GIP" } }, "fact-274": { "value": "-8000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:GIP" } }, "fact-275": { "value": "299400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfSharebasedPaymentsMember", "unit": "iso4217:GIP" } }, "fact-276": { "value": "-66800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "wiseplc:OwnSharesReserveMember", "unit": "iso4217:GIP" } }, "fact-277": { "value": "-2100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:GIP" } }, "fact-278": { "value": "-14200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GIP" } }, "fact-279": { "value": "1167700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GIP" } }, "fact-280": { "value": "1386200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-2": { "value": "10300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-4": { "value": "10900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-3": { "value": "-3500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-5": { "value": "-3500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-281": { "value": "4137200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-282": { "value": "2994900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-283": { "value": "515500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-284": { "value": "344400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-285": { "value": "14700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-286": { "value": "16700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-287": { "value": "143600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-288": { "value": "73700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-289": { "value": "4494400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-290": { "value": "3248900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-291": { "value": "34500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-292": { "value": "10600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-293": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-294": { "value": "2400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-295": { "value": "6455600000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:PaymentsForFinancialAssetsAtFVOCIClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-296": { "value": "9552300000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:PaymentsForFinancialAssetsAtFVOCIClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-297": { "value": "5892600000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:ProceedsFromSaleAndMaturityOfFinancialAssetsAtFVOCIClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-298": { "value": "9422600000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:ProceedsFromSaleAndMaturityOfFinancialAssetsAtFVOCIClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-299": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "wiseplc:ProceedsFromSubleaseClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-300": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "wiseplc:ProceedsFromSubleaseClassifiedAsInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-301": { "value": "-598400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-302": { "value": "-142600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-303": { "value": "72600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-304": { "value": "68400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-305": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-306": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-307": { "value": "200000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-308": { "value": "420000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-309": { "value": "300000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-310": { "value": "470000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-311": { "value": "6100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-312": { "value": "7100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-313": { "value": "3600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-314": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-315": { "value": "-181300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-316": { "value": "-125600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-317": { "value": "3714700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-318": { "value": "2980700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-319": { "value": "10479200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-320": { "value": "7679400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-321": { "value": "-211100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-322": { "value": "-180900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-323": { "value": "13982800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2025-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-324": { "value": "10479200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00", "unit": "iso4217:GIP" } }, "fact-328": { "value": "1.1 General information Wise plc (the \u2018Company\u2019) is a public limited company and is incorporated and domiciled in England. The address of its registered office is 1 st Floor Worship Square, 65 Clifton Street, London, United Kingdom, EC2A 4JE . The principal activity of the Company and its subsidiaries (the \u2018Group\u2019) is the provision of cross-border and domestic financial services. Further information on the Group\u2019s operations and principal activities is presented in the Strategic Report.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-6": { "value": "Wise plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-7": { "value": "public limited company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-8": { "value": "England", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-325": { "value": "England", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-10": { "value": "1 st Floor Worship Square, 65 Clifton Street, London, United Kingdom, EC2A 4JE ", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-9": { "value": "The principal activity of the Company and its subsidiaries (the \u2018Group\u2019) is the provision of cross-border and domestic financial services.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-326": { "value": "1.2 Accounting information and policies Introduction This section describes the basis of preparation of the consolidated financial statements and the Group\u2019s accounting policies that are applicable to the financial statements as a whole. The Group\u2019s material accounting policies and critical accounting estimates and judgements specific to a note, are included in the note to which they relate. Furthermore, the section details new accounting standards, amendments and interpretations, that the Group has adopted in the current financial year or will adopt in subsequent years. (a) Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with the UK-adopted International Accounting Standards in conformity with the applicable legal requirements of the Companies Act 2006. The accounting policies applied are consistent with those of the preceding financial year, unless otherwise stated. The financial statements are prepared on a going concern basis. All financial information is presented in millions of pounds sterling (\u2018\u00a3\u2019), which is the Group\u2019s presentation currency, rounded to the nearest \u00a30.1m, unless otherwise stated. The financial statements have been prepared under the historical cost convention modified to include the fair valuation of particular financial instruments, to the extent required or permitted under IFRS as set out in the relevant accounting policies. (b) Going concern The Group\u2019s business activities together with the factors likely to affect its future development and position are set out in the Strategic report. The financial statements are prepared on a going concern basis as the Directors are satisfied that the Group has the available resources to continue in business for the foreseeable future. The going concern assessment is based on the detailed forecast prepared by management and approved by the Board (base plan). As part of the going concern review, the Directors have considered severe, but plausible, downside scenarios to stress test the viability of the business. These downside scenarios covered reduction in revenues, profitability, cash position and liquidity as well as the Group\u2019s ability to meet its regulatory capital and liquidity requirements. Appropriate assumptions have been made in respect of revenue growth and profitability, based on the economic outlook over the forecast period. Appropriate sensitivities have been applied in order to stress test the base plan, considering situations with lower revenue growth and profitability compared to the base plan, where future trading is less than forecasted. Management expects that sufficient liquidity and regulatory capital requirement headroom are maintained throughout the forecast period. The Directors have made inquiries of management and considered forecasts for the Group and have, at the time of approving these financial statements, a reasonable expectation that the Group has adequate resources to continue in operations for the foreseeable future. Further details are contained in the Viability Statement of the Strategic Report. (c) Basis of consolidation The financial statements comprise the consolidated financial statements of Wise plc and its subsidiaries as at 31 March 2025. Subsidiaries are all entities over which the Group has control. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is obtained by the Group and are de-consolidated from the date that control ceases. Inter-company transactions, balances and unrealised gains on transactions between companies within the Group are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Group accounting policies are consistently applied to all entities and transactions. (d) Foreign currency translation The Group\u2019s consolidated financial statements are presented in pounds sterling. Items included in the financial statements of each of the Group\u2019s entities are measured using the currency of the primary economic environment in which the entity operates (\u2018the functional currency\u2019).
Transactions and balances
Transactions in foreign currencies are initially recorded by the Group\u2019s entities at their respective
functional currency spot rates at the date the transaction is recognised.
Foreign exchange gains and losses resulting from the settlement of such transactions and from
the translation of monetary assets and liabilities denominated in foreign currencies at year end
exchange rates are recognised in profit or loss (either as cost of sales or administrative expenses).
Non-monetary assets and liabilities are translated at historical exchange rates if held at historical
cost, or year end exchange rates if held at fair value, and the resulting foreign exchange gains or
losses are recognised in either the income statement or shareholders\u2019 equity depending on the
treatment of the gain or loss on the asset or liability.
Group companies
On consolidation, the results and financial position of foreign operations (none of which has the
currency of a hyperinflationary economy) are translated into pounds sterling as follows:
\u2022 assets and liabilities for each balance sheet presented are translated at the closing exchange
rate at the reporting date;
\u2022 income and expenses are translated at average monthly exchange rates; and
\u2022 all resulting exchange differences are recognised in other comprehensive income.
(e) Changes in material accounting policies and disclosures
Adoption of new or revised standards and interpretations
The following new or revised standards and interpretations became effective for the Group from
1 April 2024:
a. Amendment to IAS 1 \u2013 Classification of Liabilities as Current or Non-current and Non-current
Liabilities with Covenants
As a result of the adoption of the amendments to IAS 1, the Group has classified its borrowings
as non-current, because it has the right to defer payment for more than 12 months. Refer to
note 17 for further details.
b. Other amendments:
\u2022 Amendments to IFRS 16 \u2013 Lease Liability in a Sale and Leaseback
\u2022 Amendments to IAS 7 and IFRS 7 \u2013 Supplier Finance Arrangements
The adoption of the other amendments did not have a material impact on the Group. There are
no other new or revised standards or interpretations that are effective for the first time for the
financial year beginning on or after 1 April 2024 that would be expected to have a material
impact on the Group.
New standards, amendments and interpretations not yet adopted
The following amendments have been published by the IASB and are effective for annual
periods beginning on or after 1 January 2025; the amendments have not been early-adopted
by the Group:
a. New standard issue \u2013 IFRS 18 Primary Financial Statements
The new standard, which replaces IAS 1, creates detailed requirements for the classification
and aggregation of income and expenses in the income statement, and disclosure requirements
for management-defined performance measures. The new standard is effective from 1 January
2027, but has not yet been endorsed for use in the UK. It is anticipated that the application
of the new standard will have an impact in the Group\u2019s presentation of the consolidated
financial statements.
b. Amendments to IFRS 9 and IFRS 7 \u2013 Classification and Measurement of Financial Instruments
The amendments clarify the derecognition of financial liabilities via electronic payments, refine the
classification of financial assets with ESG-linked features, and enhance disclosure requirements
for equity instruments at FVOCI. The amendments are effective for reporting periods beginning
on or after 1 January 2026. It is anticipated that the application of these amendments may have
an impact in the Group\u2019s consolidated financial statements in future periods.
c. Other amendments:
\u2022 Amendments to IAS 21 \u2013 Lack of Exchangeability
\u2022 IFRS 19 Subsidiaries without Public Accountability: Disclosures
Neither of the other amendments is expected to have a material impact on the Group in the
current or future reporting periods or on foreseeable future transactions.
(f) Climate change considerations
The impact of climate change has been considered as part of the assessment of estimates
and judgements in preparing the Group\u2019s consolidated financial statements. Our climate risk
assessment has primarily focused on short-term risks to determine if they pose a material threat
to the business, and it has concluded that climate-related risks do not currently pose a material
risk to Wise, and has identified no material financial impact to these financial statements.
Accounting policy
The Group is managed on the basis of a single segment. The information regularly
reported to the Chief Operating Decision Maker (\u2018CODM\u2019), which is currently the Board
of Directors of the Group, for the purposes of resource allocation and the assessment of
performance, is based wholly on the overall activities of the Group. Based on the Group\u2019s
business model, the Group has determined that it has only one reportable segment under
IFRS 8, which is provision of cross-border and domestic financial services.
Accounting policy
The Group generates revenue from contracts with customers by transferring the
following services:
Cross-border
The Group primarily generates revenue from cross-border services, which includes money
transfers, conversions and Wise accounts. The applicable fees depend on a number of
factors, including the currency route, the transaction size, the type of transaction being
undertaken and the payment method used.
A customer enters into a contract with the Group at the time of opening a Wise account
or initiating a money transfer. The customer agrees to the contractual terms by formally
accepting the terms and conditions of the respective service, on Wise\u2019s website or
the app.
The revenue is recognised at the point in time the performance obligation has been
satisfied. For money transfers, the revenue is recognised upon delivery of funds to the
recipient. For money conversions, it is recognised when a customer balance is converted
into a different currency in their account.
The time required for the Group to process the payment to the recipient, and therefore
to satisfy its performance obligations, largely depends on the processing time its banking
partners require to deliver funds to the recipient. As such the revenue is deferred until the
funds are delivered. Transactions in certain jurisdictions, where the Group has settlement
accounts with central banks, transfers between Wise accounts or conversions within a
Wise account, are generally fulfilled instantly.
Card
Card revenue refers to debit card services and mainly comprises interchange fees and
card usage fees.
A customer enters into a contract with the Group at the time the card, either virtual or
physical, is made available for use and the customer is able to either make a payment or
a withdrawal.
The fees for card transactions are in accordance with the agreed terms and conditions.
They have a single performance obligation and the revenue is recognised upon transaction
capture, that the performance obligation is deemed to have been satisfied.
Other
Other revenue mainly comprises:
\u2022 Revenue earned from the top-up of Wise account balances or transfers to recipients in
the same currencies. The revenue is recognised on transaction completion for top-ups
and delivery of funds to the recipient for transfers.
\u2022 One-time fee charged to Wise business customers for setting up an account; the
revenue is recognised over time, throughout the period the customer is expected to
use the business account.
\u2022 Fees earned for the provision or replacement of physical cards; the revenue is
recognised over time throughout the period the debit card services are provided,
which is expected to be the life of the card.
\u2022 Revenue from the multi-currency investment feature called Wise Assets (\u2018Assets\u2019),
where Wise generates revenue from charging a fee based on the value of the assets
under custody. The revenue is accrued on a daily basis, based on the daily value of
the assets under custody, and is recognised over time in line with the period the Group
provides its services to Assets customers. The Group acts as an agent on behalf of the
customers and does not retain control nor benefits from the Assets, thus it does not
recognise the financial assets and the respective liabilities for the Assets, and
derecognises customer funds on purchase.
Rebates
Wise offers certain rebates in the form of a fee refund or cashback for eligible revenue-
generating transactions. The rebate is recognised as a liability at the time of completion
of the eligible transaction and is deducted from revenue.
Accounting policy
Interest income on customer balances is earned from holding customer funds as cash
and cash equivalents or investing them into highly liquid permitted financial assets. These
amounts are recognised in the income statement using the effective interest rate method.
Accounting policy
Benefits paid relating to customer balances are provided to customers for holding eligible
balances in their Wise accounts. These are calculated as a percentage of those eligible
balances and they are recognised in the income statement in the period for which the
customer receives the benefit.
Accounting policy
Cost of sales comprises the costs that are directly associated with the Group\u2019s principal
revenue streams of money transfer, conversion services and debit card services.
This includes:
\u2022 banking and other fees, net of applicable rebates, incurred in processing customer
transfers and the costs of providing cards to customers;
\u2022 net foreign exchange costs generated due to customer transactions, including the costs
related to the difference between the published mid-market rate offered to customers
and the rate obtained by the Group in acquiring currency. Within the same line are
included the net foreign exchange differences from the revaluation of customer
balances at period end. Other product costs include product losses that are directly
generated from customer transactions, including chargeback losses, as well as taxes
directly attributable to customer activity.
Accounting policy
Interest expense related to the Revolving Credit Facility is recognised in finance expense
over the term of the facility using the effective interest method. The effective interest rate
represents the true cost of borrowing and is the rate that discounts the estimated future
cash payments through the expected life of the Revolving Credit Facility.
Accounting policy
The tax expense for the year comprises current and deferred tax. Tax is recognised in
the income statement, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, the tax is also recognised in
other comprehensive income or directly in equity, respectively.
The current tax charge is calculated on the basis of the tax laws enacted or substantively
enacted at the balance sheet date in the countries where the Company and its subsidiaries
operate and generate taxable income. Management periodically evaluates positions taken
in tax returns with respect to situations in which applicable tax regulation is subject to
interpretation. It establishes provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Deferred tax is recognised on temporary differences arising between the tax bases
of assets and liabilities and their carrying amounts in the Group financial statements.
Deferred tax is determined using tax rates (and laws) that have been enacted or
substantively enacted by the balance sheet date and are expected to apply when the
related deferred tax asset is realised, or the deferred tax liability is settled. Deferred
tax assets and liabilities are classified as non-current assets and liabilities.
Deferred tax assets are recognised only to the extent that it is probable that future taxable
profit will be available against which the temporary differences can be utilised. Deferred
tax assets on share-based payments are recognised for the share options not exercised at
the balance sheet date. The deferred tax assets on share-based payments are determined
based on the share price at the balance sheet date. The impact of recognition is split
between income tax expense in profit or loss for the year, for the element up to the
cumulative remuneration expense; and the share-based payment reserve, recognised
directly in equity, for the element in excess of the related cumulative
remuneration expense.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to
offset current tax assets against current tax liabilities and when the deferred tax assets
and liabilities relate to income taxes levied by the same taxation authority on either the
same taxable entity or different taxable entities and there is an intention to settle the
balances on a net basis.
Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in
which the Group operates. The Group has applied a temporary mandatory exception from
deferred tax accounting for the impacts of the top-up taxes and accounts for these as
current tax when incurred.
Accounting policy
Property, plant and equipment is stated at historical cost less accumulated depreciation
and any accumulated impairment losses. Items of property, plant and equipment are
derecognised on disposal or when no future economic benefits are expected to arise
from the continued use of the asset.
Computer equipment is not recorded in property, plant and equipment, but expensed as
low-value short-lived equipment.
The accounting policy for right-of-use assets is included in note 18.
Depreciation
Depreciation is charged on a straight-line basis from the time the asset is available for use,
so as to allocate the cost of assets less their residual value over their estimated useful
lives; these values and lives are reviewed each year. Subject to these reviews, the
estimated useful lives assigned to principal categories of assets are as follows:
\u2022 Right-of-use assets: lease term (1-10 years)
\u2022 Leased office improvements: lease term (1-10 years)
\u2022 Office equipment: 5 years
1
Change in estimates
During the financial year, the Group has entered into new long-term leases in several
locations and conducted a review of the useful lives of leased office improvements and
office equipment. As a result, the expected useful life of the leasehold improvements was
updated to the lease term and the useful life of the office equipment increased from 2 to 5
years. The effect of these changes on the depreciation expense for the financial year and
the future periods, included in administrative expenses, is not material.
Impairment of property, plant and equipment
Reviews are carried out if there is an indication that assets may be impaired, to ensure that
property, plant and equipment are not carried at above their recoverable amounts.
1.
Except Brazil where 10 years is used to align with local accounting rules.
Accounting policy Intangible assets predominantly relate to internally generated software and other intangible assets and are stated at cost less accumulated amortisation. Internally generated software The Group develops software used in the provision of its services. Only the development costs that are directly attributable to the design, development and testing of new software controlled by the Group are capitalised. Other development expenditures that do not meet the recognition criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period. Costs associated with maintaining computer software are recognised as an expense as incurred. Directly attributable costs that are capitalised as part of the software product comprise software development employee costs. Other intangible assets Other intangible assets primarily include licences and domain purchases. They are amortised on a straight-line basis over their useful economic life or the term of the contract. Amortisation The Group amortises intangible assets on a straight-line basis over 3 years, except for mobile applications which are amortised over 2 years, and licence purchases that are amortised over a period of 2-10 years. Impairment of intangible assets Intangible assets are assessed for impairment whenever there is an indicator that they might be impaired, for example when the assets are no longer in use and need to be decommissioned.
The Group recognises impairment loss allowances for expected credit losses on financial
assets that are measured at amortised cost. The impairment loss allowance, recognised
during the year, relates to chargebacks and negative customer balances. For chargebacks,
the Group has established a provision matrix that is based on its historical credit loss
experience, adjusted for forward-looking factors specific to the debtors and the economic
environment. For negative customer balances, if an active non-fraudulent account goes
more than 30 days past due, according to the Group policy, it is perceived as an indication
of a significant increase in credit risk and the receivable is provided in full.
Refer to note 19 for further information on expected credit losses.
Accounting policy
Trade and other receivables primarily consist of amounts due from payment processors,
partners, brokers and customers, and collateral deposits the Group holds with its
counterparties. Trade and other receivables are initially recognised at fair value and
subsequently measured at amortised cost less impairment for expected credit losses.
The carrying values of current trade receivables approximate their fair values due to
their short maturity.
Trade and other receivables are presented as current in the statement of financial position
if it is expected to be realised or intended to be sold or consumed in the normal operating
cycle; and/or expected to be realised within 12 months after the reporting period. All other
assets are classified as non-current.
Accounting policy
Cash and cash equivalents include on-demand deposits, term deposits used for meeting
short-term cash commitments, deposits (with collateral) held, money market funds
(MMFs) and other short-term high-quality liquid investments with original maturities
of 3 months or less, and e-money held with payment processing partners. Due to the
short duration of the cash and cash equivalents (less than 3 months), the fair value
approximates the carrying value at each reporting period.
Cash and cash equivalents is presented as current in the statement of financial position,
unless it is restricted from being exchanged or used to settle a liability for at least twelve
months after the reporting period.
Cash in transit to customers represents cash that has been paid out from the Group bank
accounts but has not been delivered to the bank account of the beneficiary.
Cash collateral deposits the Group holds with its counterparties are recognised under
\u2018Trade and other receivables\u2019 in the statement of financial position.
Customer deposits
As disclosed above, the Group recognises financial assets and liabilities for the funds
customers hold in their Wise accounts, and the funds collected from customers as part
of the money transfer settlement process that have not yet been processed. The liability
is recognised upon receipt of cash or capture confirmation (depending on pay-in method),
and is derecognised when cash is delivered to the beneficiary.
Principles to determine the point of delivery are the same as applied in revenue
recognition, see note 3.
Critical accounting judgement
Customer balances
The Group recognises financial assets and corresponding liabilities for the funds
customers hold in their Wise accounts and the funds the Group receives as part of
the money transfer settlement process. At the point that the cash is received from the
customer, the Group becomes party to a contract and has a right and an ability to control
the economic benefit from the cash flows associated with this balance. Additionally,
pursuant to IAS 32, the Group considers it does not have a legally enforceable right to
set off these financial assets and liabilities, or an intention to settle them on a net basis
or settle them simultaneously. Therefore, management has concluded that the recognition
of the financial assets and their respective liabilities on the balance sheet is appropriate.
Accounting policy
Accounts payable consist of obligations to pay for goods and services that have been
acquired in the ordinary course of business from suppliers on the basis of normal credit
terms and do not bear interest.
Wise accounts relate to the funds customers hold in their Wise accounts and the funds the
Group receives as part of the money transfer settlement process. They are non-derivative
liabilities to personal or business customers for money they hold with the Group and do
not constitute borrowings. Refer to note 15 for details of the judgement management has
exercised in relation to customers\u2019 balances and the recognition of the financial assets and
their respective liabilities on the balance sheet.
Outstanding money transmission liabilities represent transfers that have not yet been paid
out or delivered to a recipient.
Payables are initially recognised at fair value and subsequently measured at amortised cost.
Trade and other payables are presented as current in the statement of financial position
if it is expected to be settled in the normal operating cycle; or expected to be settled
within 12 months after the reporting period; or there is no unconditional right to defer the
settlement of the liability for at least twelve months after the reporting period. All other
liabilities are classified as non-current.
Trade and other payables are unsecured unless otherwise indicated; due to the short-term
nature of current payables, their carrying values approximate their fair value.
Accounting policy
Borrowings, consisting of a Revolving Credit Facility (RCF), are recognised initially at fair
value, net of transaction costs incurred, and are subsequently carried at amortised cost.
Any difference between the proceeds (net of transaction costs) and the redemption value
is recognised as interest expense using the effective interest method over the term of the
borrowing. Fees paid on the establishment of loan facilities are recognised as transaction
costs of the loan to the extent that it is probable that some or all of the facility will be
drawn down. In this case, the fee is deferred and treated as a transaction cost when
the draw-down occurs. The Group presents the impact of transaction costs as part of
financing cash flows.
Borrowings are classified as current liabilities unless, at the end of the reporting period,
the Group has a right to defer settlement of the liability for at least 12 months after the
reporting period. Covenants that the Group is required to comply with, on or before the
end of the reporting period, affect whether the right to defer exists at the reporting date
and therefore impact the classification of loan arrangements with covenants as current
or non-current. Covenants that the Group is required to comply with after the reporting
period do not affect the classification.
Accounting policy
Where the Group is the lessee, the right-of-use assets are recorded within the \u2018Property,
plant and equipment\u2019 line in the statement of financial position and are measured at an
amount equal to the lease liability. These relate to office spaces leased in various locations
and are depreciated on a straight-line basis with the charge recognised in administrative
expenses. The liability, recognised as part of the lease liabilities, is measured at a
discounted value and any interest is charged to finance charges. The Group presents
the payments of principal and interest on lease liabilities as part of financing cash flows.
The Group has elected not to apply the requirements of IFRS 16 to short-term leases
(leases with a lease term of 12 months or less) and leases for which the underlying asset
is of low value. Low-value assets comprise IT and office equipment with a purchase price
under \u00a35,000. Payments associated with short-term and low-value assets are recognised
on a straight-line basis as an expense in profit or loss.
Extension and termination options are included in a number of office space leases across
the Group to maximise operational flexibility and they are exercisable only by the Group
and not by the lessors. The Group assesses at the lease commencement date whether
it is reasonably certain to exercise the extension options. The Group reassesses whether
it is reasonably certain to exercise the options if there is a significant event or significant
changes in circumstances within its control.
Accounting policy
Financial assets
The Group classifies its financial assets, at initial recognition, and subsequently measures
them at:
\u2022 amortised cost;
\u2022 fair value through profit or loss (FVTPL); and
\u2022 fair value through other comprehensive income (FVOCI).
The classification of financial assets at initial recognition depends on the financial asset\u2019s
contractual cash flows and the Group\u2019s business model for managing them. The Group\u2019s
business model for managing financial assets refers to how they are used in order to
generate cash flows. The business model determines whether cash flows will result
from collecting contractual cash flows, selling the financial assets, or both. Cash flows
in relation to purchase or sale of these instruments are classified as investing activities
in the consolidated cash flow statement.
Financial assets at amortised cost
The Group classifies its financial assets at amortised cost only if both of the following
criteria are met:
\u2022 the asset is held within a business model whose objective is to collect the contractual
cash flows; and
\u2022 the contractual terms give rise to cash flows that are solely payments of principal
and interest.
Financial assets at amortised cost are subsequently measured using the effective
interest method and are subject to impairment. Gains and losses are recognised in
the profit or loss when the asset is derecognised, modified or impaired. Financial assets
measured at amortised cost are predominantly trade and other receivables and cash and
cash equivalents.
Financial assets at fair value through other comprehensive income (FVOCI)
The Group classifies debt securities (e.g. bonds) as FVOCI, as the contractual cash flows
are solely payments of principal and interest, and the objective of the Group\u2019s business
model is achieved both by collecting contractual cash flows and selling financial assets.
Financial assets through profit or loss (FVTPL)
Financial assets are classified at fair value through profit or loss when they do
not meet the criteria to be measured at amortised cost or fair value through other
comprehensive income, as described above. This includes debt instruments that do not
meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets .
Interest earned on assets mandatorily required to be measured at FVTPL is recorded using
the contractual interest rate.
Impairment of financial assets
The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019)
on financial assets that are measured at amortised cost or fair value through other
comprehensive income. The ECL assessment considers both the 12-month and the
lifetime ECL, as per IFRS 9 requirements.
The Group considers that the below elements have low credit risk based on the credit
quality of the counterparties:
a. cash and cash equivalents;
b. debt instruments held at FVOCI;
c. collateral deposits the Group holds with its counterparties; and
d. receivables from payment processors, partners and brokers.
ECLs on these instruments are measured on a 12-month basis; nevertheless, when there
has been a significant increase in credit risk since initial recognition, the allowance will be
based on the lifetime ECL. At every reporting date, the Group evaluates whether there has
been a significant increase in credit risk since initial recognition using all reasonable and
supportable information that is available without undue cost or effort. The Group uses
external credit ratings if available both to determine whether the financial instrument
has significantly increased in credit risk and to the estimate ECLs. If a bank or other
counterparty has no external credit rating, the Group evaluates its credit quality,
where necessary, by analysing its financial position, past experience, and other factors.
The Group\u2019s policy only allows exposures to banks and counterparties with sound credit
quality and limits the exposures to a maximum amount, considering their level of risk.
Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI
consist of quoted bonds and other fixed asset securities that are graded in the top
investment categories (rated A- and above) and, therefore, are considered to be low
credit risk investments.
The Group\u2019s receivables from customers qualify for the simplified approach in calculating
ECLs, as they do not contain a significant financing component. Therefore, the Group does
not track changes in credit risk, but instead recognises a loss allowance based on lifetime
ECLs at each reporting date. To measure the ECLs, receivables from customers have been
grouped based on shared credit risk characteristics and number of days past due.
In calculating the ECLs on receivables recognised for chargebacks, the Group has
established a provision matrix that is based on its historical credit loss experience,
adjusted for forward-looking factors specific to the debtors and the economic
environment. For negative customer balances, if an active non-fraudulent account
goes more than 30 days past due, according to Group policy, it is perceived as an
indication of a significant increase in credit risk and the receivable is provided in full.
Financial liabilities
Financial liabilities are measured at amortised cost, except for derivative liabilities,
which are classified as financial liabilities measured at fair value through profit or loss.
Derivative financial instruments
Derivative financial instruments are used to manage exposure to market risks. The principal
derivative instruments used by the Group are foreign currency swaps, foreign exchange
forwards and non-deliverable foreign exchange forwards. Such derivative financial
instruments are initially recognised at fair value on the date on which a derivative contract
is entered into and are subsequently remeasured at fair value through profit and loss at
each reporting date. The Group does not hold or issue derivative financial instruments
for trading or speculative purposes.
The fair value of the derivative financial instruments is determined by mark-to market
valuation technique. The key inputs in the valuation model are the observable foreign
exchange rates for the currencies involved. These inputs are considered level 2 within
the fair value hierarchy, as they are observable, but may not be quoted directly for the
specific instruments.
Accounting policy
Provisions are liabilities where the exact timing and amount of the obligation are uncertain.
Provisions are recognised when the Group has a present obligation (legal or constructive)
as a result of past events, when an outflow of resources is probable to settle the obligation
and when an amount can be reliably estimated. The carrying amounts of provisions are
reviewed at each balance sheet date and adjusted to reflect the current best estimate.
Accounting policy
Own share reserve
Own share reserve represents the weighted average cost of shares of Wise plc that
are held by the employee share trust for the purpose of fulfilling obligations in respect
of various employee share plans. Own shares are treated as a deduction from equity, and
on exercising of employee awards, are transferred from own shares to retained earnings
at their weighted average cost.
Employee share trust
The Group provides financing to the Employee Share Ownership Plan (ESOP) Trust to
either purchase the Company\u2019s shares on the open market, or to subscribe for newly
issued share capital, to meet the Group\u2019s obligation to provide shares when employees
exercise their options or awards. Costs of running the ESOP Trust are charged to the
consolidated income statement. The Group consolidates this share trust.
Shares held by the ESOP Trust are deducted from reserves and presented in equity as
own shares until such time that employees exercise their awards. The consideration paid,
including any directly attributable incremental costs (net of income taxes), on purchase
of Company\u2019s equity instruments is deducted from equity.
Accounting policy
The Group operates a number of employee equity-settled schemes as part of its reward
strategy, which are designed to provide long-term incentives for all employees to deliver
long-term shareholder returns. Under the plans, participants are granted share awards
of the Company, which vest gradually over the vesting period and are equity settled
for shares within Wise plc. The maximum term of share awards granted is 10 years.
The total amount to be expensed is determined by reference to the fair value of the
awards granted and it is calculated using the closing share price at the grant date. It is
recognised in employee benefit expenses together with a corresponding increase in equity
(share-based payment reserve), over the period in which the service and the performance
conditions are fulfilled (the vesting period). Upon exercise of share options, the impact is
recognised in retained earnings.
For non-market-based awards, vesting conditions are included in the assumptions of
the number of options and awards that are expected to vest. At each reporting date, the
entity revises its estimates of the number of options and awards that are expected to vest.
It recognises the impact of the revision to original estimates, if any, in the statement of
comprehensive income, with a corresponding adjustment to the share-based payment
reserve. For awards subject to a market-based performance condition, no subsequent
adjustments may be made.
Employee share award plans
The awards are subject to service conditions, i.e. the requirement for recipients of awards
to remain in employment with the Group over the vesting period, which typically is 4 years.
Market-based awards
For market-based awards, the vesting is conditional on achievement of the relative total
shareholder return (TSR) compared to the FTSE 250 and volume growth performance
measures over the 3-year performance period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-329": { "value": "
(a) Basis of preparation
The consolidated financial statements of the Group have been prepared in accordance with
the UK-adopted International Accounting Standards in conformity with the applicable legal
requirements of the Companies Act 2006. The accounting policies applied are consistent
with those of the preceding financial year, unless otherwise stated.
The financial statements are prepared on a going concern basis. All financial information
is presented in millions of pounds sterling (\u2018\u00a3\u2019), which is the Group\u2019s presentation currency,
rounded to the nearest \u00a30.1m, unless otherwise stated. The financial statements have been
prepared under the historical cost convention modified to include the fair valuation of particular
financial instruments, to the extent required or permitted under IFRS as set out in the relevant
accounting policies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-358": { "value": "The consolidated financial statements of the Group have been prepared in accordance with the UK-adopted International Accounting Standards in conformity with the applicable legal requirements of the Companies Act 2006. The accounting policies applied are consistent with those of the preceding financial year, unless otherwise stated. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-331": { "value": "
(b) Going concern
The Group\u2019s business activities together with the factors likely to affect its future development
and position are set out in the Strategic report.
The financial statements are prepared on a going concern basis as the Directors are satisfied
that the Group has the available resources to continue in business for the foreseeable future.
The going concern assessment is based on the detailed forecast prepared by management
and approved by the Board (base plan). As part of the going concern review, the Directors have
considered severe, but plausible, downside scenarios to stress test the viability of the business.
These downside scenarios covered reduction in revenues, profitability, cash position and
liquidity as well as the Group\u2019s ability to meet its regulatory capital and liquidity requirements.
Appropriate assumptions have been made in respect of revenue growth and profitability, based
on the economic outlook over the forecast period. Appropriate sensitivities have been applied
in order to stress test the base plan, considering situations with lower revenue growth and
profitability compared to the base plan, where future trading is less than forecasted. Management
expects that sufficient liquidity and regulatory capital requirement headroom are maintained
throughout the forecast period.
The Directors have made inquiries of management and considered forecasts for the Group
and have, at the time of approving these financial statements, a reasonable expectation
that the Group has adequate resources to continue in operations for the foreseeable future.
Further details are contained in the Viability Statement of the Strategic Report.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-330": { "value": "
(c) Basis of consolidation
The financial statements comprise the consolidated financial statements of Wise plc and its
subsidiaries as at 31 March 2025.
Subsidiaries are all entities over which the Group has control. The Group controls an entity when
it is exposed to, or has rights to, variable returns from its involvement with the entity and has the
ability to affect those returns through its power over the entity.
Subsidiaries are fully consolidated from the date on which control is obtained by the Group and
are de-consolidated from the date that control ceases.
Inter-company transactions, balances and unrealised gains on transactions between companies
within the Group are eliminated on consolidation. Unrealised losses are also eliminated unless
the transaction provides evidence of an impairment of the transferred asset. Group accounting
policies are consistently applied to all entities and transactions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-359": { "value": "Subsidiaries are all entities over which the Group has control. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is obtained by the Group and are de-consolidated from the date that control ceases. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-332": { "value": "
(d) Foreign currency translation
The Group\u2019s consolidated financial statements are presented in pounds sterling. Items included
in the financial statements of each of the Group\u2019s entities are measured using the currency of
the primary economic environment in which the entity operates (\u2018the functional currency\u2019).
Transactions and balances Transactions in foreign currencies are initially recorded by the Group\u2019s entities at their respective functional currency spot rates at the date the transaction is recognised. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are recognised in profit or loss (either as cost of sales or administrative expenses). Non-monetary assets and liabilities are translated at historical exchange rates if held at historical cost, or year end exchange rates if held at fair value, and the resulting foreign exchange gains or losses are recognised in either the income statement or shareholders\u2019 equity depending on the treatment of the gain or loss on the asset or liability. Group companies On consolidation, the results and financial position of foreign operations (none of which has the currency of a hyperinflationary economy) are translated into pounds sterling as follows: \u2022 assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the reporting date; \u2022 income and expenses are translated at average monthly exchange rates; and \u2022 all resulting exchange differences are recognised in other comprehensive income. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-360": { "value": "The Group\u2019s consolidated financial statements are presented in pounds sterling. Items included in the financial statements of each of the Group\u2019s entities are measured using the currency of the primary economic environment in which the entity operates (\u2018the functional currency\u2019). ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-333": { "value": "(e) Changes in material accounting policies and disclosures Adoption of new or revised standards and interpretations The following new or revised standards and interpretations became effective for the Group from 1 April 2024: a. Amendment to IAS 1 \u2013 Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants As a result of the adoption of the amendments to IAS 1, the Group has classified its borrowings as non-current, because it has the right to defer payment for more than 12 months. Refer to note 17 for further details. b. Other amendments: \u2022 Amendments to IFRS 16 \u2013 Lease Liability in a Sale and Leaseback \u2022 Amendments to IAS 7 and IFRS 7 \u2013 Supplier Finance Arrangements The adoption of the other amendments did not have a material impact on the Group. There are no other new or revised standards or interpretations that are effective for the first time for the financial year beginning on or after 1 April 2024 that would be expected to have a material impact on the Group. New standards, amendments and interpretations not yet adopted The following amendments have been published by the IASB and are effective for annual periods beginning on or after 1 January 2025; the amendments have not been early-adopted by the Group: a. New standard issue \u2013 IFRS 18 Primary Financial Statements The new standard, which replaces IAS 1, creates detailed requirements for the classification and aggregation of income and expenses in the income statement, and disclosure requirements for management-defined performance measures. The new standard is effective from 1 January 2027, but has not yet been endorsed for use in the UK. It is anticipated that the application of the new standard will have an impact in the Group\u2019s presentation of the consolidated financial statements. b. Amendments to IFRS 9 and IFRS 7 \u2013 Classification and Measurement of Financial Instruments The amendments clarify the derecognition of financial liabilities via electronic payments, refine the classification of financial assets with ESG-linked features, and enhance disclosure requirements for equity instruments at FVOCI. The amendments are effective for reporting periods beginning on or after 1 January 2026. It is anticipated that the application of these amendments may have an impact in the Group\u2019s consolidated financial statements in future periods. c. Other amendments: \u2022 Amendments to IAS 21 \u2013 Lack of Exchangeability \u2022 IFRS 19 Subsidiaries without Public Accountability: Disclosures Neither of the other amendments is expected to have a material impact on the Group in the current or future reporting periods or on foreseeable future transactions. ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-361": { "value": "Adoption of new or revised standards and interpretations The following new or revised standards and interpretations became effective for the Group from 1 April 2024: a. Amendment to IAS 1 \u2013 Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants As a result of the adoption of the amendments to IAS 1, the Group has classified its borrowings as non-current, because it has the right to defer payment for more than 12 months. Refer to note 17 for further details. b. Other amendments: \u2022 Amendments to IFRS 16 \u2013 Lease Liability in a Sale and Leaseback \u2022 Amendments to IAS 7 and IFRS 7 \u2013 Supplier Finance Arrangements The adoption of the other amendments did not have a material impact on the Group. There are no other new or revised standards or interpretations that are effective for the first time for the financial year beginning on or after 1 April 2024 that would be expected to have a material impact on the Group. ", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-362": { "value": "New standards, amendments and interpretations not yet adopted The following amendments have been published by the IASB and are effective for annual periods beginning on or after 1 January 2025; the amendments have not been early-adopted by the Group: a. New standard issue \u2013 IFRS 18 Primary Financial Statements The new standard, which replaces IAS 1, creates detailed requirements for the classification and aggregation of income and expenses in the income statement, and disclosure requirements for management-defined performance measures. The new standard is effective from 1 January 2027, but has not yet been endorsed for use in the UK. It is anticipated that the application of the new standard will have an impact in the Group\u2019s presentation of the consolidated financial statements. b. Amendments to IFRS 9 and IFRS 7 \u2013 Classification and Measurement of Financial Instruments The amendments clarify the derecognition of financial liabilities via electronic payments, refine the classification of financial assets with ESG-linked features, and enhance disclosure requirements for equity instruments at FVOCI. The amendments are effective for reporting periods beginning on or after 1 January 2026. It is anticipated that the application of these amendments may have an impact in the Group\u2019s consolidated financial statements in future periods. c. Other amendments: \u2022 Amendments to IAS 21 \u2013 Lack of Exchangeability \u2022 IFRS 19 Subsidiaries without Public Accountability: Disclosures Neither of the other amendments is expected to have a material impact on the Group in the current or future reporting periods or on foreseeable future transactions. ", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-334": { "value": "(f) Climate change considerations The impact of climate change has been considered as part of the assessment of estimates and judgements in preparing the Group\u2019s consolidated financial statements. Our climate risk assessment has primarily focused on short-term risks to determine if they pose a material threat to the business, and it has concluded that climate-related risks do not currently pose a material risk to Wise, and has identified no material financial impact to these financial statements. ", "dimensions": { "concept": "wiseplc:DescriptionOfAccountingPolicyForClimateChangeConsiderations", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-327": { "value": "1.3. Critical accounting judgements and key sources of estimation uncertainty Details of the critical judgement which the Directors consider could have a significant impact on these financial statements is set out in the following notes: \u2022 Customer balances (recognition of the financial assets and their respective liabilities on the balance sheet) \u2013 note 15 and note 16 Management has concluded that there are no critical accounting areas of estimation. Critical accounting judgement Customer balances The Group recognises financial assets and corresponding liabilities for the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. At the point that the cash is received from the customer, the Group becomes party to a contract and has a right and an ability to control the economic benefit from the cash flows associated with this balance. Additionally, pursuant to IAS 32, the Group considers it does not have a legally enforceable right to set off these financial assets and liabilities, or an intention to settle them on a net basis or settle them simultaneously. Therefore, management has concluded that the recognition of the financial assets and their respective liabilities on the balance sheet is appropriate. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-335": { "value": "Note 2. Segment information Accounting policy The Group is managed on the basis of a single segment. The information regularly reported to the Chief Operating Decision Maker (\u2018CODM\u2019), which is currently the Board of Directors of the Group, for the purposes of resource allocation and the assessment of performance, is based wholly on the overall activities of the Group. Based on the Group\u2019s business model, the Group has determined that it has only one reportable segment under IFRS 8, which is provision of cross-border and domestic financial services. The Group\u2019s revenue, assets and liabilities for the reportable segment can be determined by reference to the statement of comprehensive income and the statement of financial position. The analysis of revenue by type of customer and geographical region is set out in note 3. At the end of each reporting period, the majority of the non-current assets were carried by Wise Payments Limited in the UK and its branch in Estonia. Based on the location of the non-current asset, the following geographical breakdown of non-current assets is provided:
2025 2024
\u00a3m \u00a3m
Non-current assets by geographical region
1
United Kingdom
87.6
40.5
Rest of Europe
48.9
13.9
Rest of the world
15.7
15.6
Total non-current assets
152.2
70.0
1. Non-current assets exclude deferred tax assets and financial instruments", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-403": { "value": "Accounting policy The Group is managed on the basis of a single segment. The information regularly reported to the Chief Operating Decision Maker (\u2018CODM\u2019), which is currently the Board of Directors of the Group, for the purposes of resource allocation and the assessment of performance, is based wholly on the overall activities of the Group. Based on the Group\u2019s business model, the Group has determined that it has only one reportable segment under IFRS 8, which is provision of cross-border and domestic financial services. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-363": { "value": "Note 3. Revenue Accounting policy The Group generates revenue from contracts with customers by transferring the following services: Cross-border The Group primarily generates revenue from cross-border services, which includes money transfers, conversions and Wise accounts. The applicable fees depend on a number of factors, including the currency route, the transaction size, the type of transaction being undertaken and the payment method used. A customer enters into a contract with the Group at the time of opening a Wise account or initiating a money transfer. The customer agrees to the contractual terms by formally accepting the terms and conditions of the respective service, on Wise\u2019s website or the app. The revenue is recognised at the point in time the performance obligation has been satisfied. For money transfers, the revenue is recognised upon delivery of funds to the recipient. For money conversions, it is recognised when a customer balance is converted into a different currency in their account. The time required for the Group to process the payment to the recipient, and therefore to satisfy its performance obligations, largely depends on the processing time its banking partners require to deliver funds to the recipient. As such the revenue is deferred until the funds are delivered. Transactions in certain jurisdictions, where the Group has settlement accounts with central banks, transfers between Wise accounts or conversions within a Wise account, are generally fulfilled instantly. Card Card revenue refers to debit card services and mainly comprises interchange fees and card usage fees. A customer enters into a contract with the Group at the time the card, either virtual or physical, is made available for use and the customer is able to either make a payment or a withdrawal. The fees for card transactions are in accordance with the agreed terms and conditions. They have a single performance obligation and the revenue is recognised upon transaction capture, that the performance obligation is deemed to have been satisfied. Other Other revenue mainly comprises: \u2022 Revenue earned from the top-up of Wise account balances or transfers to recipients in the same currencies. The revenue is recognised on transaction completion for top-ups and delivery of funds to the recipient for transfers. \u2022 One-time fee charged to Wise business customers for setting up an account; the revenue is recognised over time, throughout the period the customer is expected to use the business account. \u2022 Fees earned for the provision or replacement of physical cards; the revenue is recognised over time throughout the period the debit card services are provided, which is expected to be the life of the card. \u2022 Revenue from the multi-currency investment feature called Wise Assets (\u2018Assets\u2019), where Wise generates revenue from charging a fee based on the value of the assets under custody. The revenue is accrued on a daily basis, based on the daily value of the assets under custody, and is recognised over time in line with the period the Group provides its services to Assets customers. The Group acts as an agent on behalf of the customers and does not retain control nor benefits from the Assets, thus it does not recognise the financial assets and the respective liabilities for the Assets, and derecognises customer funds on purchase. Rebates Wise offers certain rebates in the form of a fee refund or cashback for eligible revenue- generating transactions. The rebate is recognised as a liability at the time of completion of the eligible transaction and is deducted from revenue.
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Revenue by nature
Cross-border
840.4
795.2
Card
219.8
168.0
Other
151.7
88.8
Total revenue
1,211.9
1,052.0
Disaggregation of revenues In the following table, revenue is disaggregated by major geographical market:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Revenue by geographical region
Europe (excluding UK)
369.6
323.9
Asia-Pacific
263.8
216.2
North America
237.2
214.5
United Kingdom
226.2
202.5
Rest of the world
115.1
94.9
Total revenue
1,211.9
1,052.0
The geographical market disclosed depends on the type of the service provided and is based either on customer address or the source currency. No individual customer contributed more than 10% to Wise\u2019s total revenue in 2025 and 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-336": { "value": "Note 3. Revenue Accounting policy The Group generates revenue from contracts with customers by transferring the following services: Cross-border The Group primarily generates revenue from cross-border services, which includes money transfers, conversions and Wise accounts. The applicable fees depend on a number of factors, including the currency route, the transaction size, the type of transaction being undertaken and the payment method used. A customer enters into a contract with the Group at the time of opening a Wise account or initiating a money transfer. The customer agrees to the contractual terms by formally accepting the terms and conditions of the respective service, on Wise\u2019s website or the app. The revenue is recognised at the point in time the performance obligation has been satisfied. For money transfers, the revenue is recognised upon delivery of funds to the recipient. For money conversions, it is recognised when a customer balance is converted into a different currency in their account. The time required for the Group to process the payment to the recipient, and therefore to satisfy its performance obligations, largely depends on the processing time its banking partners require to deliver funds to the recipient. As such the revenue is deferred until the funds are delivered. Transactions in certain jurisdictions, where the Group has settlement accounts with central banks, transfers between Wise accounts or conversions within a Wise account, are generally fulfilled instantly. Card Card revenue refers to debit card services and mainly comprises interchange fees and card usage fees. A customer enters into a contract with the Group at the time the card, either virtual or physical, is made available for use and the customer is able to either make a payment or a withdrawal. The fees for card transactions are in accordance with the agreed terms and conditions. They have a single performance obligation and the revenue is recognised upon transaction capture, that the performance obligation is deemed to have been satisfied. Other Other revenue mainly comprises: \u2022 Revenue earned from the top-up of Wise account balances or transfers to recipients in the same currencies. The revenue is recognised on transaction completion for top-ups and delivery of funds to the recipient for transfers. \u2022 One-time fee charged to Wise business customers for setting up an account; the revenue is recognised over time, throughout the period the customer is expected to use the business account. \u2022 Fees earned for the provision or replacement of physical cards; the revenue is recognised over time throughout the period the debit card services are provided, which is expected to be the life of the card. \u2022 Revenue from the multi-currency investment feature called Wise Assets (\u2018Assets\u2019), where Wise generates revenue from charging a fee based on the value of the assets under custody. The revenue is accrued on a daily basis, based on the daily value of the assets under custody, and is recognised over time in line with the period the Group provides its services to Assets customers. The Group acts as an agent on behalf of the customers and does not retain control nor benefits from the Assets, thus it does not recognise the financial assets and the respective liabilities for the Assets, and derecognises customer funds on purchase. Rebates Wise offers certain rebates in the form of a fee refund or cashback for eligible revenue- generating transactions. The rebate is recognised as a liability at the time of completion of the eligible transaction and is deducted from revenue.
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Revenue by nature
Cross-border
840.4
795.2
Card
219.8
168.0
Other
151.7
88.8
Total revenue
1,211.9
1,052.0
Disaggregation of revenues
In the following table, revenue is disaggregated by major geographical market:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Revenue by geographical region
Europe (excluding UK)
369.6
323.9
Asia-Pacific
263.8
216.2
North America
237.2
214.5
United Kingdom
226.2
202.5
Rest of the world
115.1
94.9
Total revenue
1,211.9
1,052.0
The geographical market disclosed depends on the type of the service provided and is based
either on customer address or the source currency.
No individual customer contributed more than 10% to Wise\u2019s total revenue in 2025 and 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-404": { "value": "Accounting policy The Group generates revenue from contracts with customers by transferring the following services: Cross-border The Group primarily generates revenue from cross-border services, which includes money transfers, conversions and Wise accounts. The applicable fees depend on a number of factors, including the currency route, the transaction size, the type of transaction being undertaken and the payment method used. A customer enters into a contract with the Group at the time of opening a Wise account or initiating a money transfer. The customer agrees to the contractual terms by formally accepting the terms and conditions of the respective service, on Wise\u2019s website or the app. The revenue is recognised at the point in time the performance obligation has been satisfied. For money transfers, the revenue is recognised upon delivery of funds to the recipient. For money conversions, it is recognised when a customer balance is converted into a different currency in their account. The time required for the Group to process the payment to the recipient, and therefore to satisfy its performance obligations, largely depends on the processing time its banking partners require to deliver funds to the recipient. As such the revenue is deferred until the funds are delivered. Transactions in certain jurisdictions, where the Group has settlement accounts with central banks, transfers between Wise accounts or conversions within a Wise account, are generally fulfilled instantly. Card Card revenue refers to debit card services and mainly comprises interchange fees and card usage fees. A customer enters into a contract with the Group at the time the card, either virtual or physical, is made available for use and the customer is able to either make a payment or a withdrawal. The fees for card transactions are in accordance with the agreed terms and conditions. They have a single performance obligation and the revenue is recognised upon transaction capture, that the performance obligation is deemed to have been satisfied. Other Other revenue mainly comprises: \u2022 Revenue earned from the top-up of Wise account balances or transfers to recipients in the same currencies. The revenue is recognised on transaction completion for top-ups and delivery of funds to the recipient for transfers. \u2022 One-time fee charged to Wise business customers for setting up an account; the revenue is recognised over time, throughout the period the customer is expected to use the business account. \u2022 Fees earned for the provision or replacement of physical cards; the revenue is recognised over time throughout the period the debit card services are provided, which is expected to be the life of the card. \u2022 Revenue from the multi-currency investment feature called Wise Assets (\u2018Assets\u2019), where Wise generates revenue from charging a fee based on the value of the assets under custody. The revenue is accrued on a daily basis, based on the daily value of the assets under custody, and is recognised over time in line with the period the Group provides its services to Assets customers. The Group acts as an agent on behalf of the customers and does not retain control nor benefits from the Assets, thus it does not recognise the financial assets and the respective liabilities for the Assets, and derecognises customer funds on purchase. Rebates Wise offers certain rebates in the form of a fee refund or cashback for eligible revenue- generating transactions. The rebate is recognised as a liability at the time of completion of the eligible transaction and is deducted from revenue. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-379": { "value": "Disaggregation of revenues In the following table, revenue is disaggregated by major geographical market:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Revenue by geographical region
Europe (excluding UK)
369.6
323.9
Asia-Pacific
263.8
216.2
North America
237.2
214.5
United Kingdom
226.2
202.5
Rest of the world
115.1
94.9
Total revenue
1,211.9
1,052.0
The geographical market disclosed depends on the type of the service provided and is based either on customer address or the source currency. No individual customer contributed more than 10% to Wise\u2019s total revenue in 2025 and 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-394": { "value": "In the following table, revenue is disaggregated by major geographical market:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Revenue by geographical region
Europe (excluding UK)
369.6
323.9
Asia-Pacific
263.8
216.2
North America
237.2
214.5
United Kingdom
226.2
202.5
Rest of the world
115.1
94.9
Total revenue
1,211.9
1,052.0
The geographical market disclosed depends on the type of the service provided and is based either on customer address or the source currency. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-395": { "value": "No individual customer contributed more than 10% to Wise\u2019s total revenue in 2025 and 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfSegmentsMajorCustomersExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-337": { "value": "Note 4. Interest income on customer balances Accounting policy Interest income on customer balances is earned from holding customer funds as cash and cash equivalents or investing them into highly liquid permitted financial assets. These amounts are recognised in the income statement using the effective interest rate method.
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Interest income
Interest income from cash at banks
220.6
162.2
Interest income from investments in money market funds (MMFs)
202.4
153.7
Interest income from investments in listed bonds
171.3
169.3
Total interest income
594.3
485.2
", "dimensions": { "concept": "wiseplc:DisclosureOfInterestIncomeOnCustomerBalances", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-405": { "value": "Accounting policy Interest income on customer balances is earned from holding customer funds as cash and cash equivalents or investing them into highly liquid permitted financial assets. These amounts are recognised in the income statement using the effective interest rate method. ", "dimensions": { "concept": "wiseplc:DescriptionOfAccountingPolicyForInterestIncomeOnCustomerBalances", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-338": { "value": "Note 5. Benefits paid relating to customer balances Accounting policy Benefits paid relating to customer balances are provided to customers for holding eligible balances in their Wise accounts. These are calculated as a percentage of those eligible balances and they are recognised in the income statement in the period for which the customer receives the benefit.
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Benefits paid relating to customer balances
EU cashback
121.3
107.9
US interest
38.5
17.0
Other
1.4
\u2013
Total benefits paid relating to customer balances
161.2
124.9
", "dimensions": { "concept": "wiseplc:DisclosureOfBenefitsPaidRelatingToCustomerBalances", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-406": { "value": "Accounting policy Benefits paid relating to customer balances are provided to customers for holding eligible balances in their Wise accounts. These are calculated as a percentage of those eligible balances and they are recognised in the income statement in the period for which the customer receives the benefit. ", "dimensions": { "concept": "wiseplc:DescriptionOfAccountingPolicyForBenefitsPaidRelatingToCustomerBalances", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-339": { "value": "Note 6. Cost of sales and net credit losses on financial assets Accounting policy Cost of sales comprises the costs that are directly associated with the Group\u2019s principal revenue streams of money transfer, conversion services and debit card services. This includes: \u2022 banking and other fees, net of applicable rebates, incurred in processing customer transfers and the costs of providing cards to customers; \u2022 net foreign exchange costs generated due to customer transactions, including the costs related to the difference between the published mid-market rate offered to customers and the rate obtained by the Group in acquiring currency. Within the same line are included the net foreign exchange differences from the revaluation of customer balances at period end. Other product costs include product losses that are directly generated from customer transactions, including chargeback losses, as well as taxes directly attributable to customer activity.
Breakdown of expenses by nature:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Cost of sales
Banking and customer-related fees
263.1
252.5
Net foreign exchange movements and other product costs
65.0
54.9
Total cost of sales
328.1
307.4
Net credit losses on financial assets
Amounts charged to credit losses on financial assets
9.1
12.5
Net credit losses
9.1
12.5
Expected credit losses are presented as net credit losses within gross profit and subsequent
recoveries of amounts previously written off are credited against the same line item. Subsequent
recoveries of amounts previously written off are immaterial in both the current and prior year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-407": { "value": "Accounting policy Cost of sales comprises the costs that are directly associated with the Group\u2019s principal revenue streams of money transfer, conversion services and debit card services. This includes: \u2022 banking and other fees, net of applicable rebates, incurred in processing customer transfers and the costs of providing cards to customers; \u2022 net foreign exchange costs generated due to customer transactions, including the costs related to the difference between the published mid-market rate offered to customers and the rate obtained by the Group in acquiring currency. Within the same line are included the net foreign exchange differences from the revaluation of customer balances at period end. Other product costs include product losses that are directly generated from customer transactions, including chargeback losses, as well as taxes directly attributable to customer activity. ", "dimensions": { "concept": "wiseplc:DescriptionOfAccountingPolicyForCostOfSalesAndNetCreditLossesOnFinancialAssets", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-340": { "value": "
Note 7. Administrative expenses
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Administrative expenses
Employee benefit expenses
1
412.7
377.3
Consultancy and outsourced services
128.1
90.4
Other administrative expenses
78.2
42.0
Technology
65.9
53.5
Marketing
53.8
36.5
Depreciation and amortisation
18.4
18.3
Impairment of property, plant and equipment
11.5
\u2013
Less: Capitalisation of staff costs
\u2013
(2.1)
Total administrative expenses
768.6
615.9
1.
For further details on employee benefit expenses, including accounting policies, refer to note 8.
During the financial year ended 31 March 2025, the Group expensed \u00a3129.0m of product
engineering costs (2024: \u00a3115.8m). These costs directly relate to the development of the
Group\u2019s product offerings and primarily comprise employee costs of the Engineering and
Product teams.
During the year, the Group (including its overseas subsidiaries) obtained the following services
from the Company\u2019s auditors:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Audit fees
Fees payable to the Company\u2019s auditors and its associates for the
audit of Company and Group consolidated financial statements
2.3
2.7
Audit of the financial statements of the Company\u2019s subsidiaries
2.0
1.8
Total audit fees
4.3
4.5
Non-audit fees
Assurance services other than the auditing of the Company\u2019s
accounts
0.9
0.8
Total non-audit fees
0.9
0.8
Note 8. Employee benefit expenses
The aggregate remuneration of employees for the year ended 31 March 2025 was as follows:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Salaries and wages
290.5
248.9
Share-based payment compensation expense
58.4
72.5
Social security costs
41.1
37.7
Pension costs
10.2
8.6
Other employment taxes and insurance costs
12.5
9.6
Total employee benefit expense
412.7
377.3
Refer to note 23 for details on awards granted to employees and the accounting policy for
share-based payments.
Remuneration of key management personnel is disclosed in note 26.
The monthly average number of employees during the year ended 31 March 2025 was
as follows:
2025 2024
Number of Number of
employees employees
Servicing
3,915
3,396
Product Development
1,411
1,341
Other functions
534
492
Marketing
291
270
Total average number of employees
6,151
5,499
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-364": { "value": "Note 7. Administrative expenses
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Administrative expenses
Employee benefit expenses
1
412.7
377.3
Consultancy and outsourced services
128.1
90.4
Other administrative expenses
78.2
42.0
Technology
65.9
53.5
Marketing
53.8
36.5
Depreciation and amortisation
18.4
18.3
Impairment of property, plant and equipment
11.5
\u2013
Less: Capitalisation of staff costs
\u2013
(2.1)
Total administrative expenses
768.6
615.9
1. For further details on employee benefit expenses, including accounting policies, refer to note 8. During the financial year ended 31 March 2025, the Group expensed \u00a3129.0m of product engineering costs (2024: \u00a3115.8m). These costs directly relate to the development of the Group\u2019s product offerings and primarily comprise employee costs of the Engineering and Product teams. During the year, the Group (including its overseas subsidiaries) obtained the following services from the Company\u2019s auditors:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Audit fees
Fees payable to the Company\u2019s auditors and its associates for the
audit of Company and Group consolidated financial statements
2.3
2.7
Audit of the financial statements of the Company\u2019s subsidiaries
2.0
1.8
Total audit fees
4.3
4.5
Non-audit fees
Assurance services other than the auditing of the Company\u2019s
accounts
0.9
0.8
Total non-audit fees
0.9
0.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-380": { "value": "
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Administrative expenses
Employee benefit expenses
1
412.7
377.3
Consultancy and outsourced services
128.1
90.4
Other administrative expenses
78.2
42.0
Technology
65.9
53.5
Marketing
53.8
36.5
Depreciation and amortisation
18.4
18.3
Impairment of property, plant and equipment
11.5
\u2013
Less: Capitalisation of staff costs
\u2013
(2.1)
Total administrative expenses
768.6
615.9
Note 12. Property, plant and equipment Accounting policy Property, plant and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment losses. Items of property, plant and equipment are derecognised on disposal or when no future economic benefits are expected to arise from the continued use of the asset. Computer equipment is not recorded in property, plant and equipment, but expensed as low-value short-lived equipment. The accounting policy for right-of-use assets is included in note 18. Depreciation Depreciation is charged on a straight-line basis from the time the asset is available for use, so as to allocate the cost of assets less their residual value over their estimated useful lives; these values and lives are reviewed each year. Subject to these reviews, the estimated useful lives assigned to principal categories of assets are as follows: \u2022 Right-of-use assets: lease term (1-10 years) \u2022 Leased office improvements: lease term (1-10 years) \u2022 Office equipment: 5 years1 Change in estimates During the financial year, the Group has entered into new long-term leases in several locations and conducted a review of the useful lives of leased office improvements and office equipment. As a result, the expected useful life of the leasehold improvements was updated to the lease term and the useful life of the office equipment increased from 2 to 5 years. The effect of these changes on the depreciation expense for the financial year and the future periods, included in administrative expenses, is not material. Impairment of property, plant and equipment Reviews are carried out if there is an indication that assets may be impaired, to ensure that property, plant and equipment are not carried at above their recoverable amounts. 1. Except Brazil where 10 years is used to align with local accounting rules.
Right-of-use Leased office Office Assets under
assets improvements equipment construction Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 April 2023
Cost
29.4
13.0
6.6
0.5
49.5
Accumulated depreciation
(17.5)
(7.2)
(3.7)
\u2013
(28.4)
Net book value
11.9
5.8
2.9
0.5
21.1
Additions
15.3
0.1
\u2013
10.3
25.7
Reclassifications
\u2013
3.4
2.0
(5.4)
\u2013
Depreciation charge
(7.3)
(2.5)
(1.6)
\u2013
(11.4)
Disposals
\u2013
(0.8)
\u2013
\u2013
(0.8)
Foreign currency translation differences
(0.4)
\u2013
0.2
(0.1)
(0.3)
At 31 March 2024
Cost
39.0
15.4
8.1
5.3
67.8
Accumulated depreciation
(19.5)
(9.4)
(4.6)
\u2013
(33.5)
Net book value
19.5
6.0
3.5
5.3
34.3
Additions
75.0
2.1
\u2013
34.7
111.8
Reclassifications
\u2013
31.8
7.4
(39.2)
\u2013
Depreciation charge
(10.7)
(2.6)
(1.6)
\u2013
(14.9)
Impairment charge
(9.4)
(2.1)
\u2013
\u2013
(11.5)
Disposals
(4.0)
(0.6)
\u2013
\u2013
(4.6)
Foreign currency translation differences
0.7
\u2013
\u2013
0.1
0.8
At 31 March 2025
Cost
101.4
46.0
15.5
0.9
163.8
Accumulated depreciation
and impairment
(30.4)
(11.4)
(6.1)
\u2013
(47.9)
Net book value
71.0
34.6
9.4
0.9
115.9
Impairment loss During the financial year, the Group moved or transferred part of its operations into new leased premises and as part of this tested for impairment the right of use asset and the related leased office improvements for office space that will no longer be utilised. An impairment loss of \u00a311.5m (2024: nil) was subsequently recognised from writing down to its recoverable amount the right of use asset and the related leased office improvements. The recoverable amount was determined by reference to either the fair value less costs to sell or value in use where applicable. The impairment loss is included in administrative expenses in the statement of profit or loss.", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-381": { "value": "During the year, the Group (including its overseas subsidiaries) obtained the following services from the Company\u2019s auditors:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Audit fees
Fees payable to the Company\u2019s auditors and its associates for the
audit of Company and Group consolidated financial statements
2.3
2.7
Audit of the financial statements of the Company\u2019s subsidiaries
2.0
1.8
Total audit fees
4.3
4.5
Non-audit fees
Assurance services other than the auditing of the Company\u2019s
accounts
0.9
0.8
Total non-audit fees
0.9
0.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-365": { "value": "Note 8. Employee benefit expenses The aggregate remuneration of employees for the year ended 31 March 2025 was as follows:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Salaries and wages
290.5
248.9
Share-based payment compensation expense
58.4
72.5
Social security costs
41.1
37.7
Pension costs
10.2
8.6
Other employment taxes and insurance costs
12.5
9.6
Total employee benefit expense
412.7
377.3
Refer to note 23 for details on awards granted to employees and the accounting policy for share-based payments. Remuneration of key management personnel is disclosed in note 26. The monthly average number of employees during the year ended 31 March 2025 was as follows:
2025 2024
Number of Number of
employees employees
Servicing
3,915
3,396
Product Development
1,411
1,341
Other functions
534
492
Marketing
291
270
Total average number of employees
6,151
5,499
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-396": { "value": "Note 9. Finance expense Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility.
Year ended 31 March
2025 2024
Finance expense \u00a3m \u00a3m
Interest expense related to Revolving Credit Facility
11.8
19.2
Interest on lease liabilities
3.6
1.1
Other financial expenses
0.1
0.2
Total finance expense
15.5
20.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-382": { "value": "Note 9. Finance expense Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility.
Year ended 31 March
2025 2024
Finance expense \u00a3m \u00a3m
Interest expense related to Revolving Credit Facility
11.8
19.2
Interest on lease liabilities
3.6
1.1
Other financial expenses
0.1
0.2
Total finance expense
15.5
20.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-366": { "value": "Note 9. Finance expense Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility.
Year ended 31 March
2025 2024
Finance expense \u00a3m \u00a3m
Interest expense related to Revolving Credit Facility
11.8
19.2
Interest on lease liabilities
3.6
1.1
Other financial expenses
0.1
0.2
Total finance expense
15.5
20.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-341": { "value": "Note 9. Finance expense Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility.
Year ended 31 March
2025 2024
Finance expense \u00a3m \u00a3m
Interest expense related to Revolving Credit Facility
11.8
19.2
Interest on lease liabilities
3.6
1.1
Other financial expenses
0.1
0.2
Total finance expense
15.5
20.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-425": { "value": "Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-419": { "value": "Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-408": { "value": "Accounting policy Interest expense related to the Revolving Credit Facility is recognised in finance expense over the term of the facility using the effective interest method. The effective interest rate represents the true cost of borrowing and is the rate that discounts the estimated future cash payments through the expected life of the Revolving Credit Facility. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-342": { "value": "Note 10. Tax Accounting policy The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively. The current tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Group financial statements. Deferred tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax assets and liabilities are classified as non-current assets and liabilities. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets on share-based payments are recognised for the share options not exercised at the balance sheet date. The deferred tax assets on share-based payments are determined based on the share price at the balance sheet date. The impact of recognition is split between income tax expense in profit or loss for the year, for the element up to the cumulative remuneration expense; and the share-based payment reserve, recognised directly in equity, for the element in excess of the related cumulative remuneration expense. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities and there is an intention to settle the balances on a net basis. Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Group operates. The Group has applied a temporary mandatory exception from deferred tax accounting for the impacts of the top-up taxes and accounts for these as current tax when incurred.
Tax expense:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Current income tax for the year
UK corporation tax
132.5
78.5
Foreign corporation tax
18.1
13.4
Adjustment in respect of prior years
(1.3)
2.3
Total current tax expense for the year
149.3
94.2
Deferred income tax for the year
Increase in deferred tax
0.5
36.4
Adjustment in respect of prior years
(1.7)
(3.8)
Total deferred tax expense for the year
(1.2)
32.6
Total tax expense for the year
148.1
126.8
Factors affecting tax expense for the year:
Year ended 31 March
2025 2024
\u00a3m \u00a3m
Profit before taxation
564.8
481.4
Profit multiplied by the UK tax rate of 25% (2024: 25%)
141.2
120.4
Adjustments in respect of prior periods
(3.0)
(1.5)
Effect of expenses not deductible
6.5
0.4
Movement in tax provisions
0.1
3.1
Employee option plan
0.2
0.8
Difference in overseas tax rates and overseas taxes paid
5.0
3.7
Change in rate of recognition of deferred tax
0.3
(0.1)
Deferred tax not previously recognised
(2.2)
\u2013
Total tax expense for the year
148.1
126.8
The Group\u2019s effective tax rate (ETR) before other comprehensive income (OCI) is a 26% charge
(2024: 26% charge).
This equates to the applicable UK corporation tax rate of 25%, adjusted for a number of factors
such as double taxation on overseas income, movements in provisions and higher overseas
tax rates.
Amounts recognised in other comprehensive income:
2025 2024
\u00a3m \u00a3m
Current tax
Recognition of current tax liability on listed bonds
\u2013
0.1
Deferred tax
Recognition of deferred tax asset on listed bonds
(3.5)
(3.6)
Total amounts recognised in other comprehensive income
(3.5)
(3.5)
Amounts recognised directly in equity:
2025 2024
\u00a3m \u00a3m
Current tax
Deduction for exercised options
17.8
15.7
Deferred tax
Recognition of deferred tax asset on share-based payments
(17.3)
25.1
Total amounts recognised directly in equity
0.5
40.8
The deferred tax asset in relation to share-based payments was recognised based on the share
price at the balance sheet date which was \u00a39.45 (2024: \u00a39.29).
Deferred tax assets and liabilities
Movements during the year
Year ended 31 March 2025
Recognised in Recognised in
1 April 2024 income equity/OCI FX 31 March 2025
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.9
(0.1)
\u2013
\u2013
0.8
Share-based payments
92.7
0.5
(17.3)
(0.5)
75.4
Intangibles
(1.6)
1.4
\u2013
\u2013
(0.2)
Provisions
5.0
1.5
\u2013
(0.1)
6.4
Tax losses
1.4
(0.9)
\u2013
(0.1)
0.4
Other
2.2
(1.2)
(3.5)
0.4
(2.1)
Closing deferred tax asset
100.6
1.2
(20.8)
(0.3)
80.7
Represented by:
Deferred tax assets
103.0
\u2013
\u2013
\u2013
84.7
Deferred tax liabilities
(2.4)
\u2013
\u2013
\u2013
(4.0)
Total
100.6
\u2013
\u2013
\u2013
80.7
Year ended 31 March 2024
Recognised in Recognised in
1 April 2023 income equity/OCI FX 31 March 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.3
0.8
\u2013
\u2013
1.1
Share-based payments
61.6
6.1
25.1
(0.2)
92.6
Intangibles
(1.0)
(0.6)
\u2013
\u2013
(1.6)
Provisions
3.0
2.0
\u2013
\u2013
5.0
Tax losses
40.2
(38.9)
\u2013
\u2013
1.3
Other
8.0
(2.1)
(3.6)
(0.1)
2.2
Closing deferred tax asset
112.1
(32.7)
21.5
(0.3)
100.6
Represented by:
Deferred tax assets
113.2
\u2013
\u2013
\u2013
103.0
Deferred tax liabilities
(1.1)
\u2013
\u2013
\u2013
(2.4)
Total
112.1
\u2013
\u2013
\u2013
100.6
The deferred tax asset is predominantly generated in the UK and the US and mainly comprises
unexercised share options which are forecast to be exercised within four years and as such are
less sensitive to changes in long-term profit forecasts. The deferred tax asset on share options
is impacted by the future share price.
The deferred tax assets are reviewed at each reporting date to determine recoverability
and to determine a reasonable time frame for utilisation. To determine this, the Group uses the
approved Group forecast used for the viability statement and going concern analysis. The Group
considers it is probable that there will be sufficient taxable profits in the coming years to realise
the majority of the deferred tax asset. Consequently, the Group has recognised a deferred tax
asset of \u00a384.7m (2024: \u00a3103.0m), with a remaining \u00a33.9m unrecognised deductible temporary
differences relating to foreign tax credits (2024: \u00a3nil).
Both the UK and the US utilised brought forward losses in FY2023 and in FY2024, with the UK
taxable losses fully utilised as at 31 March 2024 and the US taxable losses fully utilised as at
31 March 2025. Therefore, there are no deferred tax assets in respect of losses recognised in
the UK and the US as at 31 March 2025.
The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive
Framework on Base Erosion and Profit Shifting published on 20 December 2021 introduced the
Pillar Two model rules designed to address the tax challenges arising from the digitalisation of
the global economy. The Pillar Two regulation provides for an international framework of rules
aimed at ensuring that worldwide profits of multinational groups are subject to tax at a rate not
lower than 15% in every jurisdiction in which a group operates.
The Group operates in the United Kingdom (amongst other locations), which has enacted new
legislation to implement the global minimum top-up taxes. The first period for which enacted
legislation is effective for the Group is the year ended 31 March 2025.
The Pillar Two rules provide for a transition period in which the in-scope multinational groups are
excused from undergoing the complex effective tax rate calculation required by the new piece of
legislation. In particular, the Pillar Two legislation provides for a transitional safe harbour (\u201cTSH\u201d)
that applies for the first three fiscal years following the entry into force of the relevant regulation
and deems the top-up tax due in a jurisdiction to be zero where the TSH tests are met.
The Group has performed an assessment of the Group\u2019s exposure to Pillar Two income taxes,
including assessment of the TSH tests. This calculation is based on the accounting data for the
fiscal year 2025. Based on the calculation, the Group does not expect any material top-up taxes
under enacted or substantively enacted Pillar Two legislation for the year ended 31 March 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-420": { "value": "Accounting policy The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively. The current tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Group financial statements. Deferred tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax assets and liabilities are classified as non-current assets and liabilities. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets on share-based payments are recognised for the share options not exercised at the balance sheet date. The deferred tax assets on share-based payments are determined based on the share price at the balance sheet date. The impact of recognition is split between income tax expense in profit or loss for the year, for the element up to the cumulative remuneration expense; and the share-based payment reserve, recognised directly in equity, for the element in excess of the related cumulative remuneration expense. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities and there is an intention to settle the balances on a net basis. Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Group operates. The Group has applied a temporary mandatory exception from deferred tax accounting for the impacts of the top-up taxes and accounts for these as current tax when incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-409": { "value": "Accounting policy The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively. The current tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Group financial statements. Deferred tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised, or the deferred tax liability is settled. Deferred tax assets and liabilities are classified as non-current assets and liabilities. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets on share-based payments are recognised for the share options not exercised at the balance sheet date. The deferred tax assets on share-based payments are determined based on the share price at the balance sheet date. The impact of recognition is split between income tax expense in profit or loss for the year, for the element up to the cumulative remuneration expense; and the share-based payment reserve, recognised directly in equity, for the element in excess of the related cumulative remuneration expense. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities and there is an intention to settle the balances on a net basis. Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Group operates. The Group has applied a temporary mandatory exception from deferred tax accounting for the impacts of the top-up taxes and accounts for these as current tax when incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-400": { "value": "Deferred tax assets and liabilities Movements during the year Year ended 31 March 2025
Recognised in Recognised in
1 April 2024 income equity/OCI FX 31 March 2025
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.9
(0.1)
\u2013
\u2013
0.8
Share-based payments
92.7
0.5
(17.3)
(0.5)
75.4
Intangibles
(1.6)
1.4
\u2013
\u2013
(0.2)
Provisions
5.0
1.5
\u2013
(0.1)
6.4
Tax losses
1.4
(0.9)
\u2013
(0.1)
0.4
Other
2.2
(1.2)
(3.5)
0.4
(2.1)
Closing deferred tax asset
100.6
1.2
(20.8)
(0.3)
80.7
Represented by:
Deferred tax assets
103.0
\u2013
\u2013
\u2013
84.7
Deferred tax liabilities
(2.4)
\u2013
\u2013
\u2013
(4.0)
Total
100.6
\u2013
\u2013
\u2013
80.7
Year ended 31 March 2024
Recognised in Recognised in
1 April 2023 income equity/OCI FX 31 March 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.3
0.8
\u2013
\u2013
1.1
Share-based payments
61.6
6.1
25.1
(0.2)
92.6
Intangibles
(1.0)
(0.6)
\u2013
\u2013
(1.6)
Provisions
3.0
2.0
\u2013
\u2013
5.0
Tax losses
40.2
(38.9)
\u2013
\u2013
1.3
Other
8.0
(2.1)
(3.6)
(0.1)
2.2
Closing deferred tax asset
112.1
(32.7)
21.5
(0.3)
100.6
Represented by:
Deferred tax assets
113.2
\u2013
\u2013
\u2013
103.0
Deferred tax liabilities
(1.1)
\u2013
\u2013
\u2013
(2.4)
Total
112.1
\u2013
\u2013
\u2013
100.6
The deferred tax asset is predominantly generated in the UK and the US and mainly comprises unexercised share options which are forecast to be exercised within four years and as such are less sensitive to changes in long-term profit forecasts. The deferred tax asset on share options is impacted by the future share price. The deferred tax assets are reviewed at each reporting date to determine recoverability and to determine a reasonable time frame for utilisation. To determine this, the Group uses the approved Group forecast used for the viability statement and going concern analysis. The Group considers it is probable that there will be sufficient taxable profits in the coming years to realise the majority of the deferred tax asset. Consequently, the Group has recognised a deferred tax asset of \u00a384.7m (2024: \u00a3103.0m), with a remaining \u00a33.9m unrecognised deductible temporary differences relating to foreign tax credits (2024: \u00a3nil). Both the UK and the US utilised brought forward losses in FY2023 and in FY2024, with the UK taxable losses fully utilised as at 31 March 2024 and the US taxable losses fully utilised as at 31 March 2025. Therefore, there are no deferred tax assets in respect of losses recognised in the UK and the US as at 31 March 2025. The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting published on 20 December 2021 introduced the Pillar Two model rules designed to address the tax challenges arising from the digitalisation of the global economy. The Pillar Two regulation provides for an international framework of rules aimed at ensuring that worldwide profits of multinational groups are subject to tax at a rate not lower than 15% in every jurisdiction in which a group operates. The Group operates in the United Kingdom (amongst other locations), which has enacted new legislation to implement the global minimum top-up taxes. The first period for which enacted legislation is effective for the Group is the year ended 31 March 2025. The Pillar Two rules provide for a transition period in which the in-scope multinational groups are excused from undergoing the complex effective tax rate calculation required by the new piece of legislation. In particular, the Pillar Two legislation provides for a transitional safe harbour (\u201cTSH\u201d) that applies for the first three fiscal years following the entry into force of the relevant regulation and deems the top-up tax due in a jurisdiction to be zero where the TSH tests are met. The Group has performed an assessment of the Group\u2019s exposure to Pillar Two income taxes, including assessment of the TSH tests. This calculation is based on the accounting data for the fiscal year 2025. Based on the calculation, the Group does not expect any material top-up taxes under enacted or substantively enacted Pillar Two legislation for the year ended 31 March 2025.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Non-current trade and other payables
Accounts payable and accrued expenses
8.7
7.4
Other payables
37.1
38.7
Total non-current trade and other payables
45.8
46.1
Current trade and other payables
Wise accounts
17,056.4
13,261.0
Outstanding money transmission liabilities
188.8
235.9
Payables to payment processors
125.3
216.8
Accrued expenses
103.0
76.3
Other payables
65.5
39.2
Other taxes
10.2
11.8
Accounts payable
16.8
7.9
Deferred revenue
12.8
12.9
Total current trade and other payables
17,578.8
13,861.8
Wise accounts The table below illustrates the currencies in which Wise accounts are held:
2025 2024
\u00a3m \u00a3m
Wise accounts
EUR
6,283.6
4,717.6
USD
5,862.6
4,881.8
GBP
2,577.3
2,092.2
AUD
495.7
338.0
CAD
305.6
205.1
CHF
295.9
183.9
JPY
279.2
182.7
Other
956.5
659.7
Total
17,056.4
13,261.0
Note 16. Trade and other payables Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-397": { "value": "Deferred tax assets and liabilities Movements during the year Year ended 31 March 2025
Recognised in Recognised in
1 April 2024 income equity/OCI FX 31 March 2025
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.9
(0.1)
\u2013
\u2013
0.8
Share-based payments
92.7
0.5
(17.3)
(0.5)
75.4
Intangibles
(1.6)
1.4
\u2013
\u2013
(0.2)
Provisions
5.0
1.5
\u2013
(0.1)
6.4
Tax losses
1.4
(0.9)
\u2013
(0.1)
0.4
Other
2.2
(1.2)
(3.5)
0.4
(2.1)
Closing deferred tax asset
100.6
1.2
(20.8)
(0.3)
80.7
Represented by:
Deferred tax assets
103.0
\u2013
\u2013
\u2013
84.7
Deferred tax liabilities
(2.4)
\u2013
\u2013
\u2013
(4.0)
Total
100.6
\u2013
\u2013
\u2013
80.7
Year ended 31 March 2024
Recognised in Recognised in
1 April 2023 income equity/OCI FX 31 March 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.3
0.8
\u2013
\u2013
1.1
Share-based payments
61.6
6.1
25.1
(0.2)
92.6
Intangibles
(1.0)
(0.6)
\u2013
\u2013
(1.6)
Provisions
3.0
2.0
\u2013
\u2013
5.0
Tax losses
40.2
(38.9)
\u2013
\u2013
1.3
Other
8.0
(2.1)
(3.6)
(0.1)
2.2
Closing deferred tax asset
112.1
(32.7)
21.5
(0.3)
100.6
Represented by:
Deferred tax assets
113.2
\u2013
\u2013
\u2013
103.0
Deferred tax liabilities
(1.1)
\u2013
\u2013
\u2013
(2.4)
Total
112.1
\u2013
\u2013
\u2013
100.6
The deferred tax asset is predominantly generated in the UK and the US and mainly comprises unexercised share options which are forecast to be exercised within four years and as such are less sensitive to changes in long-term profit forecasts. The deferred tax asset on share options is impacted by the future share price. The deferred tax assets are reviewed at each reporting date to determine recoverability and to determine a reasonable time frame for utilisation. To determine this, the Group uses the approved Group forecast used for the viability statement and going concern analysis. The Group considers it is probable that there will be sufficient taxable profits in the coming years to realise the majority of the deferred tax asset. Consequently, the Group has recognised a deferred tax asset of \u00a384.7m (2024: \u00a3103.0m), with a remaining \u00a33.9m unrecognised deductible temporary differences relating to foreign tax credits (2024: \u00a3nil). Both the UK and the US utilised brought forward losses in FY2023 and in FY2024, with the UK taxable losses fully utilised as at 31 March 2024 and the US taxable losses fully utilised as at 31 March 2025. Therefore, there are no deferred tax assets in respect of losses recognised in the UK and the US as at 31 March 2025. The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting published on 20 December 2021 introduced the Pillar Two model rules designed to address the tax challenges arising from the digitalisation of the global economy. The Pillar Two regulation provides for an international framework of rules aimed at ensuring that worldwide profits of multinational groups are subject to tax at a rate not lower than 15% in every jurisdiction in which a group operates. The Group operates in the United Kingdom (amongst other locations), which has enacted new legislation to implement the global minimum top-up taxes. The first period for which enacted legislation is effective for the Group is the year ended 31 March 2025. The Pillar Two rules provide for a transition period in which the in-scope multinational groups are excused from undergoing the complex effective tax rate calculation required by the new piece of legislation. In particular, the Pillar Two legislation provides for a transitional safe harbour (\u201cTSH\u201d) that applies for the first three fiscal years following the entry into force of the relevant regulation and deems the top-up tax due in a jurisdiction to be zero where the TSH tests are met. The Group has performed an assessment of the Group\u2019s exposure to Pillar Two income taxes, including assessment of the TSH tests. This calculation is based on the accounting data for the fiscal year 2025. Based on the calculation, the Group does not expect any material top-up taxes under enacted or substantively enacted Pillar Two legislation for the year ended 31 March 2025.
2025 2024
\u00a3m \u00a3m
Non-current trade and other receivables
Office lease deposits
6.5
2.8
Other non-current receivables
32.3
29.3
Total non-current trade and other receivables
38.8
32.1
Current trade and other receivables
Receivables from customers
1
97.1
131.6
Receivables from partners
76.1
93.6
Receivables from brokers
54.3
19.9
Receivables from payment processors
40.0
95.6
Prepayments
26.4
30.1
Collateral deposits
25.4
25.0
Interest receivable
23.0
30.9
Other receivables
5.3
16.1
Total current trade and other receivables
347.6
442.8
1. Receivables from customers disclosed are net of expected credit loss provision of \u00a346.6m as at 31 March 2025 (2024: \u00a341.3m). The movement in the provision for the year is predominantly related to increased activity and the related increase in customer balances, which resulted in the increase of negative customers\u2019 balances older than 30 days. Customer chargebacks decreased by \u00a30.9m to \u00a31.6m at 31 March 2025 (31 March 2024: \u00a32.5m) and negative customer balances increased by \u00a36.1m to \u00a345.0m (31 March 2024: \u00a338.9m).", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-383": { "value": "Deferred tax assets and liabilities Movements during the year Year ended 31 March 2025
Recognised in Recognised in
1 April 2024 income equity/OCI FX 31 March 2025
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.9
(0.1)
\u2013
\u2013
0.8
Share-based payments
92.7
0.5
(17.3)
(0.5)
75.4
Intangibles
(1.6)
1.4
\u2013
\u2013
(0.2)
Provisions
5.0
1.5
\u2013
(0.1)
6.4
Tax losses
1.4
(0.9)
\u2013
(0.1)
0.4
Other
2.2
(1.2)
(3.5)
0.4
(2.1)
Closing deferred tax asset
100.6
1.2
(20.8)
(0.3)
80.7
Represented by:
Deferred tax assets
103.0
\u2013
\u2013
\u2013
84.7
Deferred tax liabilities
(2.4)
\u2013
\u2013
\u2013
(4.0)
Total
100.6
\u2013
\u2013
\u2013
80.7
Year ended 31 March 2024
Recognised in Recognised in
1 April 2023 income equity/OCI FX 31 March 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.3
0.8
\u2013
\u2013
1.1
Share-based payments
61.6
6.1
25.1
(0.2)
92.6
Intangibles
(1.0)
(0.6)
\u2013
\u2013
(1.6)
Provisions
3.0
2.0
\u2013
\u2013
5.0
Tax losses
40.2
(38.9)
\u2013
\u2013
1.3
Other
8.0
(2.1)
(3.6)
(0.1)
2.2
Closing deferred tax asset
112.1
(32.7)
21.5
(0.3)
100.6
Represented by:
Deferred tax assets
113.2
\u2013
\u2013
\u2013
103.0
Deferred tax liabilities
(1.1)
\u2013
\u2013
\u2013
(2.4)
Total
112.1
\u2013
\u2013
\u2013
100.6
The deferred tax asset is predominantly generated in the UK and the US and mainly comprises unexercised share options which are forecast to be exercised within four years and as such are less sensitive to changes in long-term profit forecasts. The deferred tax asset on share options is impacted by the future share price. The deferred tax assets are reviewed at each reporting date to determine recoverability and to determine a reasonable time frame for utilisation. To determine this, the Group uses the approved Group forecast used for the viability statement and going concern analysis. The Group considers it is probable that there will be sufficient taxable profits in the coming years to realise the majority of the deferred tax asset. Consequently, the Group has recognised a deferred tax asset of \u00a384.7m (2024: \u00a3103.0m), with a remaining \u00a33.9m unrecognised deductible temporary differences relating to foreign tax credits (2024: \u00a3nil). Both the UK and the US utilised brought forward losses in FY2023 and in FY2024, with the UK taxable losses fully utilised as at 31 March 2024 and the US taxable losses fully utilised as at 31 March 2025. Therefore, there are no deferred tax assets in respect of losses recognised in the UK and the US as at 31 March 2025. The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting published on 20 December 2021 introduced the Pillar Two model rules designed to address the tax challenges arising from the digitalisation of the global economy. The Pillar Two regulation provides for an international framework of rules aimed at ensuring that worldwide profits of multinational groups are subject to tax at a rate not lower than 15% in every jurisdiction in which a group operates. The Group operates in the United Kingdom (amongst other locations), which has enacted new legislation to implement the global minimum top-up taxes. The first period for which enacted legislation is effective for the Group is the year ended 31 March 2025. The Pillar Two rules provide for a transition period in which the in-scope multinational groups are excused from undergoing the complex effective tax rate calculation required by the new piece of legislation. In particular, the Pillar Two legislation provides for a transitional safe harbour (\u201cTSH\u201d) that applies for the first three fiscal years following the entry into force of the relevant regulation and deems the top-up tax due in a jurisdiction to be zero where the TSH tests are met. The Group has performed an assessment of the Group\u2019s exposure to Pillar Two income taxes, including assessment of the TSH tests. This calculation is based on the accounting data for the fiscal year 2025. Based on the calculation, the Group does not expect any material top-up taxes under enacted or substantively enacted Pillar Two legislation for the year ended 31 March 2025. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-367": { "value": "Deferred tax assets and liabilities Movements during the year Year ended 31 March 2025
Recognised in Recognised in
1 April 2024 income equity/OCI FX 31 March 2025
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.9
(0.1)
\u2013
\u2013
0.8
Share-based payments
92.7
0.5
(17.3)
(0.5)
75.4
Intangibles
(1.6)
1.4
\u2013
\u2013
(0.2)
Provisions
5.0
1.5
\u2013
(0.1)
6.4
Tax losses
1.4
(0.9)
\u2013
(0.1)
0.4
Other
2.2
(1.2)
(3.5)
0.4
(2.1)
Closing deferred tax asset
100.6
1.2
(20.8)
(0.3)
80.7
Represented by:
Deferred tax assets
103.0
\u2013
\u2013
\u2013
84.7
Deferred tax liabilities
(2.4)
\u2013
\u2013
\u2013
(4.0)
Total
100.6
\u2013
\u2013
\u2013
80.7
Year ended 31 March 2024
Recognised in Recognised in
1 April 2023 income equity/OCI FX 31 March 2024
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Property, plant and equipment
0.3
0.8
\u2013
\u2013
1.1
Share-based payments
61.6
6.1
25.1
(0.2)
92.6
Intangibles
(1.0)
(0.6)
\u2013
\u2013
(1.6)
Provisions
3.0
2.0
\u2013
\u2013
5.0
Tax losses
40.2
(38.9)
\u2013
\u2013
1.3
Other
8.0
(2.1)
(3.6)
(0.1)
2.2
Closing deferred tax asset
112.1
(32.7)
21.5
(0.3)
100.6
Represented by:
Deferred tax assets
113.2
\u2013
\u2013
\u2013
103.0
Deferred tax liabilities
(1.1)
\u2013
\u2013
\u2013
(2.4)
Total
112.1
\u2013
\u2013
\u2013
100.6
The deferred tax asset is predominantly generated in the UK and the US and mainly comprises unexercised share options which are forecast to be exercised within four years and as such are less sensitive to changes in long-term profit forecasts. The deferred tax asset on share options is impacted by the future share price. The deferred tax assets are reviewed at each reporting date to determine recoverability and to determine a reasonable time frame for utilisation. To determine this, the Group uses the approved Group forecast used for the viability statement and going concern analysis. The Group considers it is probable that there will be sufficient taxable profits in the coming years to realise the majority of the deferred tax asset. Consequently, the Group has recognised a deferred tax asset of \u00a384.7m (2024: \u00a3103.0m), with a remaining \u00a33.9m unrecognised deductible temporary differences relating to foreign tax credits (2024: \u00a3nil). Both the UK and the US utilised brought forward losses in FY2023 and in FY2024, with the UK taxable losses fully utilised as at 31 March 2024 and the US taxable losses fully utilised as at 31 March 2025. Therefore, there are no deferred tax assets in respect of losses recognised in the UK and the US as at 31 March 2025. The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting published on 20 December 2021 introduced the Pillar Two model rules designed to address the tax challenges arising from the digitalisation of the global economy. The Pillar Two regulation provides for an international framework of rules aimed at ensuring that worldwide profits of multinational groups are subject to tax at a rate not lower than 15% in every jurisdiction in which a group operates. The Group operates in the United Kingdom (amongst other locations), which has enacted new legislation to implement the global minimum top-up taxes. The first period for which enacted legislation is effective for the Group is the year ended 31 March 2025. The Pillar Two rules provide for a transition period in which the in-scope multinational groups are excused from undergoing the complex effective tax rate calculation required by the new piece of legislation. In particular, the Pillar Two legislation provides for a transitional safe harbour (\u201cTSH\u201d) that applies for the first three fiscal years following the entry into force of the relevant regulation and deems the top-up tax due in a jurisdiction to be zero where the TSH tests are met. The Group has performed an assessment of the Group\u2019s exposure to Pillar Two income taxes, including assessment of the TSH tests. This calculation is based on the accounting data for the fiscal year 2025. Based on the calculation, the Group does not expect any material top-up taxes under enacted or substantively enacted Pillar Two legislation for the year ended 31 March 2025. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-343": { "value": "
Note 11. Earnings per share
Basic EPS has been calculated by dividing the profit attributable to the Group\u2019s owners by
the weighted average number of ordinary shares outstanding during the period, including, the
ordinary shares issuable for no consideration for which all conditions are satisfied (25.6 million
shares as at 31 March 2025 and 39.1 million shares as at 31 March 2024).
Shares held by the Employee Share Ownership Plan (ESOP) Trust are deducted from both
basic and diluted EPS calculations. At the end of the reporting period, there were 14.6 million
(31 March 2024: 22.9 million) shares held in the ESOP Trust.
The diluted EPS calculation adjusts the weighted average number of shares used in the
basic EPS calculation by assuming all potentially dilutive shares convert into ordinary shares.
Rights granted to employees under employee share award plans, with a strike price and/or
with conditions which have not yet been met, are considered to be potential dilutive shares
and therefore have been included in the calculation of diluted EPS.
Year ended 31 March
2025
2024
Profit for the year (\u00a3m)
416.7
354.6
Weighted average number of Ordinary Shares for basic EPS (in
millions of shares)
1,032.2
1,036.7
Plus the effect of dilution from share options (in millions of shares)
16.5
14.7
Weighted average number of Ordinary Shares adjusted for the
effect of dilution (in millions of shares)
1,048.7
1,051.4
Basic EPS, in pence
40.37
34.20
Diluted EPS, in pence
39.73
33.73
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-344": { "value": "Note 12. Property, plant and equipment Accounting policy Property, plant and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment losses. Items of property, plant and equipment are derecognised on disposal or when no future economic benefits are expected to arise from the continued use of the asset. Computer equipment is not recorded in property, plant and equipment, but expensed as low-value short-lived equipment. The accounting policy for right-of-use assets is included in note 18. Depreciation Depreciation is charged on a straight-line basis from the time the asset is available for use, so as to allocate the cost of assets less their residual value over their estimated useful lives; these values and lives are reviewed each year. Subject to these reviews, the estimated useful lives assigned to principal categories of assets are as follows: \u2022 Right-of-use assets: lease term (1-10 years) \u2022 Leased office improvements: lease term (1-10 years) \u2022 Office equipment: 5 years1 Change in estimates During the financial year, the Group has entered into new long-term leases in several locations and conducted a review of the useful lives of leased office improvements and office equipment. As a result, the expected useful life of the leasehold improvements was updated to the lease term and the useful life of the office equipment increased from 2 to 5 years. The effect of these changes on the depreciation expense for the financial year and the future periods, included in administrative expenses, is not material. Impairment of property, plant and equipment Reviews are carried out if there is an indication that assets may be impaired, to ensure that property, plant and equipment are not carried at above their recoverable amounts. 1. Except Brazil where 10 years is used to align with local accounting rules.
Right-of-use Leased office Office Assets under
assets improvements equipment construction Total
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
At 1 April 2023
Cost
29.4
13.0
6.6
0.5
49.5
Accumulated depreciation
(17.5)
(7.2)
(3.7)
\u2013
(28.4)
Net book value
11.9
5.8
2.9
0.5
21.1
Additions
15.3
0.1
\u2013
10.3
25.7
Reclassifications
\u2013
3.4
2.0
(5.4)
\u2013
Depreciation charge
(7.3)
(2.5)
(1.6)
\u2013
(11.4)
Disposals
\u2013
(0.8)
\u2013
\u2013
(0.8)
Foreign currency translation differences
(0.4)
\u2013
0.2
(0.1)
(0.3)
At 31 March 2024
Cost
39.0
15.4
8.1
5.3
67.8
Accumulated depreciation
(19.5)
(9.4)
(4.6)
\u2013
(33.5)
Net book value
19.5
6.0
3.5
5.3
34.3
Additions
75.0
2.1
\u2013
34.7
111.8
Reclassifications
\u2013
31.8
7.4
(39.2)
\u2013
Depreciation charge
(10.7)
(2.6)
(1.6)
\u2013
(14.9)
Impairment charge
(9.4)
(2.1)
\u2013
\u2013
(11.5)
Disposals
(4.0)
(0.6)
\u2013
\u2013
(4.6)
Foreign currency translation differences
0.7
\u2013
\u2013
0.1
0.8
At 31 March 2025
Cost
101.4
46.0
15.5
0.9
163.8
Accumulated depreciation
and impairment
(30.4)
(11.4)
(6.1)
\u2013
(47.9)
Net book value
71.0
34.6
9.4
0.9
115.9
Impairment loss
During the financial year, the Group moved or transferred part of its operations into new leased
premises and as part of this tested for impairment the right of use asset and the related leased
office improvements for office space that will no longer be utilised. An impairment loss of
\u00a311.5m (2024: nil) was subsequently recognised from writing down to its recoverable amount
the right of use asset and the related leased office improvements. The recoverable amount
was determined by reference to either the fair value less costs to sell or value in use where
applicable. The impairment loss is included in administrative expenses in the statement of
profit or loss.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-410": { "value": "Accounting policy Property, plant and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment losses. Items of property, plant and equipment are derecognised on disposal or when no future economic benefits are expected to arise from the continued use of the asset. Computer equipment is not recorded in property, plant and equipment, but expensed as low-value short-lived equipment. The accounting policy for right-of-use assets is included in note 18. Depreciation Depreciation is charged on a straight-line basis from the time the asset is available for use, so as to allocate the cost of assets less their residual value over their estimated useful lives; these values and lives are reviewed each year. Subject to these reviews, the estimated useful lives assigned to principal categories of assets are as follows: \u2022 Right-of-use assets: lease term (1-10 years) \u2022 Leased office improvements: lease term (1-10 years) \u2022 Office equipment: 5 years1 Change in estimates During the financial year, the Group has entered into new long-term leases in several locations and conducted a review of the useful lives of leased office improvements and office equipment. As a result, the expected useful life of the leasehold improvements was updated to the lease term and the useful life of the office equipment increased from 2 to 5 years. The effect of these changes on the depreciation expense for the financial year and the future periods, included in administrative expenses, is not material. Impairment of property, plant and equipment Reviews are carried out if there is an indication that assets may be impaired, to ensure that property, plant and equipment are not carried at above their recoverable amounts. 1. Except Brazil where 10 years is used to align with local accounting rules. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-421": { "value": "Depreciation Depreciation is charged on a straight-line basis from the time the asset is available for use, so as to allocate the cost of assets less their residual value over their estimated useful lives; these values and lives are reviewed each year. Subject to these reviews, the estimated useful lives assigned to principal categories of assets are as follows: \u2022 Right-of-use assets: lease term (1-10 years) \u2022 Leased office improvements: lease term (1-10 years) \u2022 Office equipment: 5 years1 ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-433": { "value": "Impairment of property, plant and equipment Reviews are carried out if there is an indication that assets may be impaired, to ensure that property, plant and equipment are not carried at above their recoverable amounts. 1. Except Brazil where 10 years is used to align with local accounting rules. Impairment of intangible assets Intangible assets are assessed for impairment whenever there is an indicator that they might be impaired, for example when the assets are no longer in use and need to be decommissioned. Impairment of financial assets The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019) on financial assets that are measured at amortised cost or fair value through other comprehensive income. The ECL assessment considers both the 12-month and the lifetime ECL, as per IFRS 9 requirements. The Group considers that the below elements have low credit risk based on the credit quality of the counterparties: a. cash and cash equivalents; b. debt instruments held at FVOCI; c. collateral deposits the Group holds with its counterparties; and d. receivables from payment processors, partners and brokers. ECLs on these instruments are measured on a 12-month basis; nevertheless, when there has been a significant increase in credit risk since initial recognition, the allowance will be based on the lifetime ECL. At every reporting date, the Group evaluates whether there has been a significant increase in credit risk since initial recognition using all reasonable and supportable information that is available without undue cost or effort. The Group uses external credit ratings if available both to determine whether the financial instrument has significantly increased in credit risk and to the estimate ECLs. If a bank or other counterparty has no external credit rating, the Group evaluates its credit quality, where necessary, by analysing its financial position, past experience, and other factors. The Group\u2019s policy only allows exposures to banks and counterparties with sound credit quality and limits the exposures to a maximum amount, considering their level of risk. Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI consist of quoted bonds and other fixed asset securities that are graded in the top investment categories (rated A- and above) and, therefore, are considered to be low credit risk investments. The Group\u2019s receivables from customers qualify for the simplified approach in calculating ECLs, as they do not contain a significant financing component. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. To measure the ECLs, receivables from customers have been grouped based on shared credit risk characteristics and number of days past due. In calculating the ECLs on receivables recognised for chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-426": { "value": "Impairment of property, plant and equipment Reviews are carried out if there is an indication that assets may be impaired, to ensure that property, plant and equipment are not carried at above their recoverable amounts. 1. Except Brazil where 10 years is used to align with local accounting rules. Impairment of intangible assets Intangible assets are assessed for impairment whenever there is an indicator that they might be impaired, for example when the assets are no longer in use and need to be decommissioned. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-368": { "value": "Note 13. Intangible assets Accounting policy Intangible assets predominantly relate to internally generated software and other intangible assets and are stated at cost less accumulated amortisation. Internally generated software The Group develops software used in the provision of its services. Only the development costs that are directly attributable to the design, development and testing of new software controlled by the Group are capitalised. Other development expenditures that do not meet the recognition criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period. Costs associated with maintaining computer software are recognised as an expense as incurred. Directly attributable costs that are capitalised as part of the software product comprise software development employee costs. Other intangible assets Other intangible assets primarily include licences and domain purchases. They are amortised on a straight-line basis over their useful economic life or the term of the contract. Amortisation The Group amortises intangible assets on a straight-line basis over 3 years, except for mobile applications which are amortised over 2 years, and licence purchases that are amortised over a period of 2-10 years. Impairment of intangible assets Intangible assets are assessed for impairment whenever there is an indicator that they might be impaired, for example when the assets are no longer in use and need to be decommissioned.
Other intangible
Software assets Total
\u00a3m \u00a3m \u00a3m
At 1 April 2023
Cost
28.3
5.0
33.3
Accumulated amortisation
(19.1)
(2.8)
(21.9)
Net book value
9.2
2.2
11.4
Additions
2.0
\u2013
2.0
Amortisation charge
(6.5)
(0.4)
(6.9)
At 31 March 2024
Cost
11.0
4.6
15.6
Accumulated amortisation and impairment
(6.3)
(2.8)
(9.1)
Net book value
4.7
1.8
6.5
Additions
\u2013
0.9
0.9
Amortisation charge
(3.0)
(0.4)
(3.4)
At 31 March 2025
Cost
6.6
5.1
11.7
Accumulated amortisation and impairment
(4.9)
(2.8)
(7.7)
Net book value
1.7
2.3
4.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-345": { "value": "Note 13. Intangible assets Accounting policy Intangible assets predominantly relate to internally generated software and other intangible assets and are stated at cost less accumulated amortisation. Internally generated software The Group develops software used in the provision of its services. Only the development costs that are directly attributable to the design, development and testing of new software controlled by the Group are capitalised. Other development expenditures that do not meet the recognition criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period. Costs associated with maintaining computer software are recognised as an expense as incurred. Directly attributable costs that are capitalised as part of the software product comprise software development employee costs. Other intangible assets Other intangible assets primarily include licences and domain purchases. They are amortised on a straight-line basis over their useful economic life or the term of the contract. Amortisation The Group amortises intangible assets on a straight-line basis over 3 years, except for mobile applications which are amortised over 2 years, and licence purchases that are amortised over a period of 2-10 years. Impairment of intangible assets Intangible assets are assessed for impairment whenever there is an indicator that they might be impaired, for example when the assets are no longer in use and need to be decommissioned.
Other intangible
Software assets Total
\u00a3m \u00a3m \u00a3m
At 1 April 2023
Cost
28.3
5.0
33.3
Accumulated amortisation
(19.1)
(2.8)
(21.9)
Net book value
9.2
2.2
11.4
Additions
2.0
\u2013
2.0
Amortisation charge
(6.5)
(0.4)
(6.9)
At 31 March 2024
Cost
11.0
4.6
15.6
Accumulated amortisation and impairment
(6.3)
(2.8)
(9.1)
Net book value
4.7
1.8
6.5
Additions
\u2013
0.9
0.9
Amortisation charge
(3.0)
(0.4)
(3.4)
At 31 March 2025
Cost
6.6
5.1
11.7
Accumulated amortisation and impairment
(4.9)
(2.8)
(7.7)
Net book value
1.7
2.3
4.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-431": { "value": "
Accounting policy
Intangible assets predominantly relate to internally generated software and other
intangible assets and are stated at cost less accumulated amortisation.
Internally generated software
The Group develops software used in the provision of its services. Only the development
costs that are directly attributable to the design, development and testing of new software
controlled by the Group are capitalised. Other development expenditures that do not meet
the recognition criteria are recognised as an expense as incurred. Development costs
previously recognised as an expense are not recognised as an asset in a subsequent period.
Costs associated with maintaining computer software are recognised as an expense as
incurred. Directly attributable costs that are capitalised as part of the software product
comprise software development employee costs.
Other intangible assets
Other intangible assets primarily include licences and domain purchases. They are amortised
on a straight-line basis over their useful economic life or the term of the contract.
Amortisation
The Group amortises intangible assets on a straight-line basis over 3 years, except for
mobile applications which are amortised over 2 years, and licence purchases that are
amortised over a period of 2-10 years.
Impairment of intangible assets
Intangible assets are assessed for impairment whenever there is an indicator that they
might be impaired, for example when the assets are no longer in use and need to
be decommissioned.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-411": { "value": "Accounting policy Intangible assets predominantly relate to internally generated software and other intangible assets and are stated at cost less accumulated amortisation. Internally generated software The Group develops software used in the provision of its services. Only the development costs that are directly attributable to the design, development and testing of new software controlled by the Group are capitalised. Other development expenditures that do not meet the recognition criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period. Costs associated with maintaining computer software are recognised as an expense as incurred. Directly attributable costs that are capitalised as part of the software product comprise software development employee costs. Other intangible assets Other intangible assets primarily include licences and domain purchases. They are amortised on a straight-line basis over their useful economic life or the term of the contract. Amortisation The Group amortises intangible assets on a straight-line basis over 3 years, except for mobile applications which are amortised over 2 years, and licence purchases that are amortised over a period of 2-10 years. Impairment of intangible assets Intangible assets are assessed for impairment whenever there is an indicator that they might be impaired, for example when the assets are no longer in use and need to be decommissioned. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-346": { "value": "Note 14. Trade and other receivables The Group recognises impairment loss allowances for expected credit losses on financial assets that are measured at amortised cost. The impairment loss allowance, recognised during the year, relates to chargebacks and negative customer balances. For chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to the Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. Refer to note 19 for further information on expected credit losses. Accounting policy Trade and other receivables primarily consist of amounts due from payment processors, partners, brokers and customers, and collateral deposits the Group holds with its counterparties. Trade and other receivables are initially recognised at fair value and subsequently measured at amortised cost less impairment for expected credit losses. The carrying values of current trade receivables approximate their fair values due to their short maturity. Trade and other receivables are presented as current in the statement of financial position if it is expected to be realised or intended to be sold or consumed in the normal operating cycle; and/or expected to be realised within 12 months after the reporting period. All other assets are classified as non-current.
2025 2024
\u00a3m \u00a3m
Non-current trade and other receivables
Office lease deposits
6.5
2.8
Other non-current receivables
32.3
29.3
Total non-current trade and other receivables
38.8
32.1
Current trade and other receivables
Receivables from customers
1
97.1
131.6
Receivables from partners
76.1
93.6
Receivables from brokers
54.3
19.9
Receivables from payment processors
40.0
95.6
Prepayments
26.4
30.1
Collateral deposits
25.4
25.0
Interest receivable
23.0
30.9
Other receivables
5.3
16.1
Total current trade and other receivables
347.6
442.8
1.
Receivables from customers disclosed are net of expected credit loss provision of \u00a346.6m as at
31 March 2025 (2024: \u00a341.3m). The movement in the provision for the year is predominantly related to
increased activity and the related increase in customer balances, which resulted in the increase of negative
customers\u2019 balances older than 30 days. Customer chargebacks decreased by \u00a30.9m to \u00a31.6m at 31 March
2025 (31 March 2024: \u00a32.5m) and negative customer balances increased by \u00a36.1m to \u00a345.0m (31 March
2024: \u00a338.9m).
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-412": { "value": "Accounting policy Trade and other receivables primarily consist of amounts due from payment processors, partners, brokers and customers, and collateral deposits the Group holds with its counterparties. Trade and other receivables are initially recognised at fair value and subsequently measured at amortised cost less impairment for expected credit losses. The carrying values of current trade receivables approximate their fair values due to their short maturity. Trade and other receivables are presented as current in the statement of financial position if it is expected to be realised or intended to be sold or consumed in the normal operating cycle; and/or expected to be realised within 12 months after the reporting period. All other assets are classified as non-current. The Group recognises impairment loss allowances for expected credit losses on financial assets that are measured at amortised cost. The impairment loss allowance, recognised during the year, relates to chargebacks and negative customer balances. For chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to the Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. Refer to note 19 for further information on expected credit losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-369": { "value": "
2025 2024
\u00a3m \u00a3m
Non-current trade and other receivables
Office lease deposits
6.5
2.8
Other non-current receivables
32.3
29.3
Total non-current trade and other receivables
38.8
32.1
Current trade and other receivables
Receivables from customers
1
97.1
131.6
Receivables from partners
76.1
93.6
Receivables from brokers
54.3
19.9
Receivables from payment processors
40.0
95.6
Prepayments
26.4
30.1
Collateral deposits
25.4
25.0
Interest receivable
23.0
30.9
Other receivables
5.3
16.1
Total current trade and other receivables
347.6
442.8
1. Receivables from customers disclosed are net of expected credit loss provision of \u00a346.6m as at 31 March 2025 (2024: \u00a341.3m). The movement in the provision for the year is predominantly related to increased activity and the related increase in customer balances, which resulted in the increase of negative customers\u2019 balances older than 30 days. Customer chargebacks decreased by \u00a30.9m to \u00a31.6m at 31 March 2025 (31 March 2024: \u00a32.5m) and negative customer balances increased by \u00a36.1m to \u00a345.0m (31 March 2024: \u00a338.9m)", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-384": { "value": "
2025 2024
\u00a3m \u00a3m
Non-current trade and other receivables
Office lease deposits
6.5
2.8
Other non-current receivables
32.3
29.3
Total non-current trade and other receivables
38.8
32.1
Current trade and other receivables
Receivables from customers
1
97.1
131.6
Receivables from partners
76.1
93.6
Receivables from brokers
54.3
19.9
Receivables from payment processors
40.0
95.6
Prepayments
26.4
30.1
Collateral deposits
25.4
25.0
Interest receivable
23.0
30.9
Other receivables
5.3
16.1
Total current trade and other receivables
347.6
442.8
1. Receivables from customers disclosed are net of expected credit loss provision of \u00a346.6m as at 31 March 2025 (2024: \u00a341.3m). The movement in the provision for the year is predominantly related to increased activity and the related increase in customer balances, which resulted in the increase of negative customers\u2019 balances older than 30 days. Customer chargebacks decreased by \u00a30.9m to \u00a31.6m at 31 March 2025 (31 March 2024: \u00a32.5m) and negative customer balances increased by \u00a36.1m to \u00a345.0m (31 March 2024: \u00a338.9m).", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-401": { "value": "
2025 2024
\u00a3m \u00a3m
Non-current trade and other receivables
Office lease deposits
6.5
2.8
Other non-current receivables
32.3
29.3
Total non-current trade and other receivables
38.8
32.1
Current trade and other receivables
Receivables from customers
1
97.1
131.6
Receivables from partners
76.1
93.6
Receivables from brokers
54.3
19.9
Receivables from payment processors
40.0
95.6
Prepayments
26.4
30.1
Collateral deposits
25.4
25.0
Interest receivable
23.0
30.9
Other receivables
5.3
16.1
Total current trade and other receivables
347.6
442.8
1. Receivables from customers disclosed are net of expected credit loss provision of \u00a346.6m as at 31 March 2025 (2024: \u00a341.3m). The movement in the provision for the year is predominantly related to increased activity and the related increase in customer balances, which resulted in the increase of negative customers\u2019 balances older than 30 days. Customer chargebacks decreased by \u00a30.9m to \u00a31.6m at 31 March 2025 (31 March 2024: \u00a32.5m) and negative customer balances increased by \u00a36.1m to \u00a345.0m (31 March 2024: \u00a338.9m).", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-347": { "value": "Note 15. Cash and cash equivalents Accounting policy Cash and cash equivalents include on-demand deposits, term deposits used for meeting short-term cash commitments, deposits (with collateral) held, money market funds (MMFs) and other short-term high-quality liquid investments with original maturities of 3 months or less, and e-money held with payment processing partners. Due to the short duration of the cash and cash equivalents (less than 3 months), the fair value approximates the carrying value at each reporting period. Cash and cash equivalents is presented as current in the statement of financial position, unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. Cash in transit to customers represents cash that has been paid out from the Group bank accounts but has not been delivered to the bank account of the beneficiary. Cash collateral deposits the Group holds with its counterparties are recognised under \u2018Trade and other receivables\u2019 in the statement of financial position. Customer deposits As disclosed above, the Group recognises financial assets and liabilities for the funds customers hold in their Wise accounts, and the funds collected from customers as part of the money transfer settlement process that have not yet been processed. The liability is recognised upon receipt of cash or capture confirmation (depending on pay-in method), and is derecognised when cash is delivered to the beneficiary. Principles to determine the point of delivery are the same as applied in revenue recognition, see note 3. Critical accounting judgement Customer balances The Group recognises financial assets and corresponding liabilities for the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. At the point that the cash is received from the customer, the Group becomes party to a contract and has a right and an ability to control the economic benefit from the cash flows associated with this balance. Additionally, pursuant to IAS 32, the Group considers it does not have a legally enforceable right to set off these financial assets and liabilities, or an intention to settle them on a net basis or settle them simultaneously. Therefore, management has concluded that the recognition of the financial assets and their respective liabilities on the balance sheet is appropriate.
2025 2024
\u00a3m \u00a3m
Cash and cash equivalents
Cash at banks and in transit between Group bank accounts
7,845.9
6,570.3
Investment into money market funds
5,992.2
3,776.1
Cash in transit to customers
144.7
132.8
Total cash and cash equivalents
13,982.8
10,479.2
Cash at banks and in transit between Group bank accounts include term deposits of \u00a3204.2m
(2024: \u00a3285.8m). Their settlement date is three months or less.
Of the \u00a313,982.8m (2024: \u00a310,479.2m) cash and cash equivalents at the year end, \u00a31,430.2m
(2024: \u00a31,061.1m) is the corporate cash balance of the Group. This balance is not related to
customer funds, which are held in Wise accounts, or collected from customers as part of the
money transfer settlement process.
The Group is subject to various regulatory safeguarding compliance requirements with
respect to customer funds. Such requirements may vary across the different jurisdictions in
which the Group operates. Within the \u00a37,845.9m (2024: \u00a36,570.3m) of cash at banks and in
transit between Group bank accounts is \u00a35,807.5m (2024: \u00a35,290.5m) of customer funds in
segregated, safeguarding bank accounts and term deposits held at investment grade banking
institutions, or the highest possible credit-rated institutions in non-investment grade jurisdictions
(bank ratings being limited by the relevant country rating). The remainder of safeguarded
customer deposits were held across highly liquid global money market funds (MMFs), treasury
bonds and investment grade corporate paper, as allowed by local regulations. In addition, during
the year ended 31 March 2025, the Group has introduced a hybrid approach to safeguarding
UK customer funds by implementing Safeguarding via Comparable Guarantees, of total value
of \u00a3520.0m, with nine investment grade sureties. The Group holds the amount equal to the
value of these guarantees in our customer network to support customer activity and liquidity.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-370": { "value": "Note 15. Cash and cash equivalents Accounting policy Cash and cash equivalents include on-demand deposits, term deposits used for meeting short-term cash commitments, deposits (with collateral) held, money market funds (MMFs) and other short-term high-quality liquid investments with original maturities of 3 months or less, and e-money held with payment processing partners. Due to the short duration of the cash and cash equivalents (less than 3 months), the fair value approximates the carrying value at each reporting period. Cash and cash equivalents is presented as current in the statement of financial position, unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. Cash in transit to customers represents cash that has been paid out from the Group bank accounts but has not been delivered to the bank account of the beneficiary. Cash collateral deposits the Group holds with its counterparties are recognised under \u2018Trade and other receivables\u2019 in the statement of financial position. Customer deposits As disclosed above, the Group recognises financial assets and liabilities for the funds customers hold in their Wise accounts, and the funds collected from customers as part of the money transfer settlement process that have not yet been processed. The liability is recognised upon receipt of cash or capture confirmation (depending on pay-in method), and is derecognised when cash is delivered to the beneficiary. Principles to determine the point of delivery are the same as applied in revenue recognition, see note 3. Critical accounting judgement Customer balances The Group recognises financial assets and corresponding liabilities for the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. At the point that the cash is received from the customer, the Group becomes party to a contract and has a right and an ability to control the economic benefit from the cash flows associated with this balance. Additionally, pursuant to IAS 32, the Group considers it does not have a legally enforceable right to set off these financial assets and liabilities, or an intention to settle them on a net basis or settle them simultaneously. Therefore, management has concluded that the recognition of the financial assets and their respective liabilities on the balance sheet is appropriate.
2025 2024
\u00a3m \u00a3m
Cash and cash equivalents
Cash at banks and in transit between Group bank accounts
7,845.9
6,570.3
Investment into money market funds
5,992.2
3,776.1
Cash in transit to customers
144.7
132.8
Total cash and cash equivalents
13,982.8
10,479.2
Cash at banks and in transit between Group bank accounts include term deposits of \u00a3204.2m (2024: \u00a3285.8m). Their settlement date is three months or less. Of the \u00a313,982.8m (2024: \u00a310,479.2m) cash and cash equivalents at the year end, \u00a31,430.2m (2024: \u00a31,061.1m) is the corporate cash balance of the Group. This balance is not related to customer funds, which are held in Wise accounts, or collected from customers as part of the money transfer settlement process. The Group is subject to various regulatory safeguarding compliance requirements with respect to customer funds. Such requirements may vary across the different jurisdictions in which the Group operates. Within the \u00a37,845.9m (2024: \u00a36,570.3m) of cash at banks and in transit between Group bank accounts is \u00a35,807.5m (2024: \u00a35,290.5m) of customer funds in segregated, safeguarding bank accounts and term deposits held at investment grade banking institutions, or the highest possible credit-rated institutions in non-investment grade jurisdictions (bank ratings being limited by the relevant country rating). The remainder of safeguarded customer deposits were held across highly liquid global money market funds (MMFs), treasury bonds and investment grade corporate paper, as allowed by local regulations. In addition, during the year ended 31 March 2025, the Group has introduced a hybrid approach to safeguarding UK customer funds by implementing Safeguarding via Comparable Guarantees, of total value of \u00a3520.0m, with nine investment grade sureties. The Group holds the amount equal to the value of these guarantees in our customer network to support customer activity and liquidity.", "dimensions": { "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-413": { "value": "Accounting policy Cash and cash equivalents include on-demand deposits, term deposits used for meeting short-term cash commitments, deposits (with collateral) held, money market funds (MMFs) and other short-term high-quality liquid investments with original maturities of 3 months or less, and e-money held with payment processing partners. Due to the short duration of the cash and cash equivalents (less than 3 months), the fair value approximates the carrying value at each reporting period. Cash and cash equivalents is presented as current in the statement of financial position, unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. Cash in transit to customers represents cash that has been paid out from the Group bank accounts but has not been delivered to the bank account of the beneficiary. Cash collateral deposits the Group holds with its counterparties are recognised under \u2018Trade and other receivables\u2019 in the statement of financial position. Customer deposits As disclosed above, the Group recognises financial assets and liabilities for the funds customers hold in their Wise accounts, and the funds collected from customers as part of the money transfer settlement process that have not yet been processed. The liability is recognised upon receipt of cash or capture confirmation (depending on pay-in method), and is derecognised when cash is delivered to the beneficiary. Principles to determine the point of delivery are the same as applied in revenue recognition, see note 3", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-402": { "value": "Note 16. Trade and other payables Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Non-current trade and other payables
Accounts payable and accrued expenses
8.7
7.4
Other payables
37.1
38.7
Total non-current trade and other payables
45.8
46.1
Current trade and other payables
Wise accounts
17,056.4
13,261.0
Outstanding money transmission liabilities
188.8
235.9
Payables to payment processors
125.3
216.8
Accrued expenses
103.0
76.3
Other payables
65.5
39.2
Other taxes
10.2
11.8
Accounts payable
16.8
7.9
Deferred revenue
12.8
12.9
Total current trade and other payables
17,578.8
13,861.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-398": { "value": "Note 16. Trade and other payables Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Non-current trade and other payables
Accounts payable and accrued expenses
8.7
7.4
Other payables
37.1
38.7
Total non-current trade and other payables
45.8
46.1
Current trade and other payables
Wise accounts
17,056.4
13,261.0
Outstanding money transmission liabilities
188.8
235.9
Payables to payment processors
125.3
216.8
Accrued expenses
103.0
76.3
Other payables
65.5
39.2
Other taxes
10.2
11.8
Accounts payable
16.8
7.9
Deferred revenue
12.8
12.9
Total current trade and other payables
17,578.8
13,861.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-385": { "value": "Note 16. Trade and other payables Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Non-current trade and other payables
Accounts payable and accrued expenses
8.7
7.4
Other payables
37.1
38.7
Total non-current trade and other payables
45.8
46.1
Current trade and other payables
Wise accounts
17,056.4
13,261.0
Outstanding money transmission liabilities
188.8
235.9
Payables to payment processors
125.3
216.8
Accrued expenses
103.0
76.3
Other payables
65.5
39.2
Other taxes
10.2
11.8
Accounts payable
16.8
7.9
Deferred revenue
12.8
12.9
Total current trade and other payables
17,578.8
13,861.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-371": { "value": "Note 16. Trade and other payables Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Non-current trade and other payables
Accounts payable and accrued expenses
8.7
7.4
Other payables
37.1
38.7
Total non-current trade and other payables
45.8
46.1
Current trade and other payables
Wise accounts
17,056.4
13,261.0
Outstanding money transmission liabilities
188.8
235.9
Payables to payment processors
125.3
216.8
Accrued expenses
103.0
76.3
Other payables
65.5
39.2
Other taxes
10.2
11.8
Accounts payable
16.8
7.9
Deferred revenue
12.8
12.9
Total current trade and other payables
17,578.8
13,861.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-348": { "value": "Note 16. Trade and other payables Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Non-current trade and other payables
Accounts payable and accrued expenses
8.7
7.4
Other payables
37.1
38.7
Total non-current trade and other payables
45.8
46.1
Current trade and other payables
Wise accounts
17,056.4
13,261.0
Outstanding money transmission liabilities
188.8
235.9
Payables to payment processors
125.3
216.8
Accrued expenses
103.0
76.3
Other payables
65.5
39.2
Other taxes
10.2
11.8
Accounts payable
16.8
7.9
Deferred revenue
12.8
12.9
Total current trade and other payables
17,578.8
13,861.8
Wise accounts
The table below illustrates the currencies in which Wise accounts are held:
2025 2024
\u00a3m \u00a3m
Wise accounts
EUR
6,283.6
4,717.6
USD
5,862.6
4,881.8
GBP
2,577.3
2,092.2
AUD
495.7
338.0
CAD
305.6
205.1
CHF
295.9
183.9
JPY
279.2
182.7
Other
956.5
659.7
Total
17,056.4
13,261.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-414": { "value": "Accounting policy Accounts payable consist of obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers on the basis of normal credit terms and do not bear interest. Wise accounts relate to the funds customers hold in their Wise accounts and the funds the Group receives as part of the money transfer settlement process. They are non-derivative liabilities to personal or business customers for money they hold with the Group and do not constitute borrowings. Refer to note 15 for details of the judgement management has exercised in relation to customers\u2019 balances and the recognition of the financial assets and their respective liabilities on the balance sheet. Outstanding money transmission liabilities represent transfers that have not yet been paid out or delivered to a recipient. Payables are initially recognised at fair value and subsequently measured at amortised cost. Trade and other payables are presented as current in the statement of financial position if it is expected to be settled in the normal operating cycle; or expected to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Trade and other payables are unsecured unless otherwise indicated; due to the short-term nature of current payables, their carrying values approximate their fair value. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-372": { "value": "Note 17. Borrowings Accounting policy Borrowings, consisting of a Revolving Credit Facility (RCF), are recognised initially at fair value, net of transaction costs incurred, and are subsequently carried at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognised as interest expense using the effective interest method over the term of the borrowing. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred and treated as a transaction cost when the draw-down occurs. The Group presents the impact of transaction costs as part of financing cash flows. Borrowings are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period. Covenants that the Group is required to comply with, on or before the end of the reporting period, affect whether the right to defer exists at the reporting date and therefore impact the classification of loan arrangements with covenants as current or non-current. Covenants that the Group is required to comply with after the reporting period do not affect the classification.
2024
2025 Re-presented
\u00a3m \u00a3m
Current
Interest expense related to Revolving Credit Facility
1.3
4.3
Total current borrowings
1.3
4.3
Non-current
Revolving Credit Facility
98.1
198.4
Total non-current borrowings
98.1
198.4
Total borrowings
99.4
202.7
Change in accounting policy As a result of the adoption of the amendments to IAS 1 \u2013 Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants, the Group has classified its borrowings as non-current, because it has the right to defer payment for more than 12 months. The policy change resulted in \u00a3198.4m of comparative balances being re-presented. Borrowings movement reconciliation:
Revolving Revolving
credit facility credit facility
2025 movements 2024 movements
\u00a3m \u00a3m
Opening balance
202.7
249.9
Cash flows:
Proceeds
200.0
420.0
Transaction costs
(2.1)
(0.5)
Repayments
(300.0)
(470.0)
Interest expense paid
(13.0)
(15.8)
Non-cash flows:
Interest expense
11.8
19.2
Foreign currency translation differences
\u2013
(0.1)
Closing balance
99.4
202.7
Revolving credit facility (RCF) In the year ended 31 March 2025, the Group terminated its previous secured Revolving Credit Facility and entered into a new, unsecured, multi-currency revolving facility for \u00a3330.0m offered by a syndicate of six lenders, namely: HSBC Innovation Banking Limited, JP Morgan Chase Bank N.A. London Branch, National Westminster Bank Plc, Citibank N.A. London Branch, Barclays Bank PLC and Goldman Sachs Lending Partners LLC. The maturity date of the facility is December 2027, and the agreement offers two, one-year, extension options. The facility bears interest at a rate per annum equal to SONIA plus a margin determined by reference to adjusted leverage (calculated as a ratio of debt to adjusted EBITDA). The agreement contains certain customary covenants, including to maintain a maximum total net leverage ratio not in excess of 3:1 and interest cover (calculated as a ratio of adjusted EBITDA to finance charges in accordance with the terms of the agreement) not less than a ratio of 3.5:1 in respect of any relevant period. The Group monitors compliance with the covenants throughout the reporting period and has complied with all financial covenants for this and all reporting periods. The undrawn available committed funds as at 31 March 2025 were \u00a3230.0m (2024: \u00a3200.0m). Credit ratings The Group obtained independent credit ratings from Standard & Poor\u2019s Global (S&P) and Fitch Ratings that were published on 3 April 2025. These ratings assess the creditworthiness of the Group, its subsidiaries and branches, and are based on reviews of a broad range of business and financial attributes including capital strength, profitability, funding, liquidity, strategy and governance.
Credit ratings and outlook of Wise plc
1
Long term
Outlook
Standard & Poor\u2019s
BBB
Stable
Fitch Ratings
BBB
Stable
1.
These credit ratings were published after the financial year end, on 3 April 2025 by S&P and Fitch respectively.
As of 31 March 2025, there were no liabilities or covenants that made reference to these
credit ratings.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-349": { "value": "Note 17. Borrowings Accounting policy Borrowings, consisting of a Revolving Credit Facility (RCF), are recognised initially at fair value, net of transaction costs incurred, and are subsequently carried at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognised as interest expense using the effective interest method over the term of the borrowing. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred and treated as a transaction cost when the draw-down occurs. The Group presents the impact of transaction costs as part of financing cash flows. Borrowings are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period. Covenants that the Group is required to comply with, on or before the end of the reporting period, affect whether the right to defer exists at the reporting date and therefore impact the classification of loan arrangements with covenants as current or non-current. Covenants that the Group is required to comply with after the reporting period do not affect the classification.
2024
2025 Re-presented
\u00a3m \u00a3m
Current
Interest expense related to Revolving Credit Facility
1.3
4.3
Total current borrowings
1.3
4.3
Non-current
Revolving Credit Facility
98.1
198.4
Total non-current borrowings
98.1
198.4
Total borrowings
99.4
202.7
Change in accounting policy As a result of the adoption of the amendments to IAS 1 \u2013 Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants, the Group has classified its borrowings as non-current, because it has the right to defer payment for more than 12 months. The policy change resulted in \u00a3198.4m of comparative balances being re-presented. Borrowings movement reconciliation:
Revolving Revolving
credit facility credit facility
2025 movements 2024 movements
\u00a3m \u00a3m
Opening balance
202.7
249.9
Cash flows:
Proceeds
200.0
420.0
Transaction costs
(2.1)
(0.5)
Repayments
(300.0)
(470.0)
Interest expense paid
(13.0)
(15.8)
Non-cash flows:
Interest expense
11.8
19.2
Foreign currency translation differences
\u2013
(0.1)
Closing balance
99.4
202.7
Revolving credit facility (RCF) In the year ended 31 March 2025, the Group terminated its previous secured Revolving Credit Facility and entered into a new, unsecured, multi-currency revolving facility for \u00a3330.0m offered by a syndicate of six lenders, namely: HSBC Innovation Banking Limited, JP Morgan Chase Bank N.A. London Branch, National Westminster Bank Plc, Citibank N.A. London Branch, Barclays Bank PLC and Goldman Sachs Lending Partners LLC. The maturity date of the facility is December 2027, and the agreement offers two, one-year, extension options. The facility bears interest at a rate per annum equal to SONIA plus a margin determined by reference to adjusted leverage (calculated as a ratio of debt to adjusted EBITDA). The agreement contains certain customary covenants, including to maintain a maximum total net leverage ratio not in excess of 3:1 and interest cover (calculated as a ratio of adjusted EBITDA to finance charges in accordance with the terms of the agreement) not less than a ratio of 3.5:1 in respect of any relevant period. The Group monitors compliance with the covenants throughout the reporting period and has complied with all financial covenants for this and all reporting periods. The undrawn available committed funds as at 31 March 2025 were \u00a3230.0m (2024: \u00a3200.0m). Credit ratings The Group obtained independent credit ratings from Standard & Poor\u2019s Global (S&P) and Fitch Ratings that were published on 3 April 2025. These ratings assess the creditworthiness of the Group, its subsidiaries and branches, and are based on reviews of a broad range of business and financial attributes including capital strength, profitability, funding, liquidity, strategy and governance. Credit ratings and outlook of Wise plc 1
Long term
Outlook
Standard & Poor\u2019s
BBB
Stable
Fitch Ratings
BBB
Stable
1. These credit ratings were published after the financial year end, on 3 April 2025 by S&P and Fitch respectively. As of 31 March 2025, there were no liabilities or covenants that made reference to these credit ratings. Note 19. Financial instruments and risk management Accounting policy Financial assets The Group classifies its financial assets, at initial recognition, and subsequently measures them at: \u2022 amortised cost; \u2022 fair value through profit or loss (FVTPL); and \u2022 fair value through other comprehensive income (FVOCI). The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flows and the Group\u2019s business model for managing them. The Group\u2019s business model for managing financial assets refers to how they are used in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Cash flows in relation to purchase or sale of these instruments are classified as investing activities in the consolidated cash flow statement. Financial assets at amortised cost The Group classifies its financial assets at amortised cost only if both of the following criteria are met: \u2022 the asset is held within a business model whose objective is to collect the contractual cash flows; and \u2022 the contractual terms give rise to cash flows that are solely payments of principal and interest. Financial assets at amortised cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognised in the profit or loss when the asset is derecognised, modified or impaired. Financial assets measured at amortised cost are predominantly trade and other receivables and cash and cash equivalents. Financial assets at fair value through other comprehensive income (FVOCI) The Group classifies debt securities (e.g. bonds) as FVOCI, as the contractual cash flows are solely payments of principal and interest, and the objective of the Group\u2019s business model is achieved both by collecting contractual cash flows and selling financial assets. Financial assets through profit or loss (FVTPL) Financial assets are classified at fair value through profit or loss when they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income, as described above. This includes debt instruments that do not meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets . Interest earned on assets mandatorily required to be measured at FVTPL is recorded using the contractual interest rate. Impairment of financial assets The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019) on financial assets that are measured at amortised cost or fair value through other comprehensive income. The ECL assessment considers both the 12-month and the lifetime ECL, as per IFRS 9 requirements. The Group considers that the below elements have low credit risk based on the credit quality of the counterparties: a. cash and cash equivalents; b. debt instruments held at FVOCI; c. collateral deposits the Group holds with its counterparties; and d. receivables from payment processors, partners and brokers. ECLs on these instruments are measured on a 12-month basis; nevertheless, when there has been a significant increase in credit risk since initial recognition, the allowance will be based on the lifetime ECL. At every reporting date, the Group evaluates whether there has been a significant increase in credit risk since initial recognition using all reasonable and supportable information that is available without undue cost or effort. The Group uses external credit ratings if available both to determine whether the financial instrument has significantly increased in credit risk and to the estimate ECLs. If a bank or other counterparty has no external credit rating, the Group evaluates its credit quality, where necessary, by analysing its financial position, past experience, and other factors. The Group\u2019s policy only allows exposures to banks and counterparties with sound credit quality and limits the exposures to a maximum amount, considering their level of risk. Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI consist of quoted bonds and other fixed asset securities that are graded in the top investment categories (rated A- and above) and, therefore, are considered to be low credit risk investments. The Group\u2019s receivables from customers qualify for the simplified approach in calculating ECLs, as they do not contain a significant financing component. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. To measure the ECLs, receivables from customers have been grouped based on shared credit risk characteristics and number of days past due. In calculating the ECLs on receivables recognised for chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. Financial liabilities Financial liabilities are measured at amortised cost, except for derivative liabilities, which are classified as financial liabilities measured at fair value through profit or loss. Derivative financial instruments Derivative financial instruments are used to manage exposure to market risks. The principal derivative instruments used by the Group are foreign currency swaps, foreign exchange forwards and non-deliverable foreign exchange forwards. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value through profit and loss at each reporting date. The Group does not hold or issue derivative financial instruments for trading or speculative purposes. The fair value of the derivative financial instruments is determined by mark-to market valuation technique. The key inputs in the valuation model are the observable foreign exchange rates for the currencies involved. These inputs are considered level 2 within the fair value hierarchy, as they are observable, but may not be quoted directly for the specific instruments. In the course of its business, the Group is exposed to the main financial risks: liquidity, credit, and market risk from its use of financial instruments. The Group\u2019s financial risk management programme seeks to minimise potential adverse effects on the Group\u2019s financial performance. All financial risks are managed against a control framework and risk appetite, which include defined metrics and limits. The treasury function is responsible for ongoing management. The risk management function provides close oversight by monitoring exposures, proposing metrics, methodologies and assumptions, setting limits and early warning indicators, and performing stress testing. a. Liquidity risk Liquidity risk is the risk that the Group cannot meet its financial obligations as they fall due. Management monitors rolling forecasts of the Group\u2019s liquidity requirements to ensure it has sufficient cash to meet operational needs. The Group\u2019s approach to managing liquidity risk is to ensure that it always has enough liquid resources in excess of its liquidity risk appetite to meet its liabilities when due, under both normal and stressed conditions, without incurring losses or risking damage to the Group\u2019s position. On the top of adhering to its internal liquidity risk management framework and risk appetite, the Group follows and adheres to the overall financial adequacy rule (OFAR) requirements pursuant to the guidance of MIFIDPRU 7. At 31 March 2025: \u2022 the Group maintained healthy liquidity buffers above both the FCA liquid assets threshold requirement as well as all minimum regulatory requirements across all Wise regulated entities \u2022 the Group maintained healthy liquidity buffers above its internal risk appetite, supporting the Group\u2019s ability to withstand a range of severe, but plausible, market-wide and Wise-specific stresses defined within the Group\u2019s Internal Liquidity Adequacy Assessment and approved by the Group\u2019s board. In May 2024, the Group entered into Safeguarding Insurance Guarantees with 9 insurance companies to guarantee \u00a3520.0m of customer funds, so that this amount does not need to be safeguarded and can be used for operating customer liquidity. These arrangements have an 18 month term and include specific renewal provisions which can be triggered 6 months before the end of the term, in order to provide certainty on renewal at least 3 months before the end of the term. Also the Group\u2019s Revolving Credit Facility was refinanced in December 2024 as an unsecured 3 year \u00a3330.0m facility, with the option to extend for 2 additional years. At 31 March 2025 \u00a3100.0m of the facility had been drawn down with a further \u00a3230.0m available. Despite the Group\u2019s use of external funding options for liquidity management, the impact of refinancing risk on the Group\u2019s liquidity adequacy is low due to the Group\u2019s limited reliance on the external funding and high level of internal liquidity. The breakdowns of trade payables, borrowings and leases into current and non-current are shown in notes 16, 17 and 18. See also note 19 (e) for the maturity profile of the Group\u2019s financial liabilities based on contractual undiscounted payments. b. Credit risk Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The credit risk exposures are managed at Group level according to the Group\u2019s credit risk appetite. Wise actively manages credit concentration risk and it is Wise\u2019s policy to impose credit limits in order to control the exposures (amount and period) Wise has with each counterparty considering their level of risk. These limits are set based on the credit ratings or perceived credit quality of each counterparty and approval must be obtained from the Credit Risk Committee for any exceptions outside of the framework. The Group\u2019s maximum exposure to credit risk by class of financial asset is as follows:
2025 2024
\u00a3m \u00a3m
Asset category
Cash and cash equivalents
13,982.8
10,479.3
Short-term financial investments
4,654.9
4,033.9
Trade and other receivables
327.7
415.4
Derivative financial assets
2.5
1.6
Total assets subject to credit risk
18,967.9
14,930.2
Credit risk is mitigated as the majority of these financial assets are held with investment grade financial institutions or invested in highly rated financial instruments with credit ratings assigned by reputable credit rating agencies such as Moody\u2019s, Standard & Poor\u2019s and Fitch Ratings .
The Group\u2019s financial assets breakdown by external credit ratings is as follows:
2025 2024
\u00a3m \u00a3m
Cash and cash equivalents
Investment into money market funds
AAA
5,992.2
3,776.1
Cash at bank
AA/Aa
6,305.6
1,978.2
A
947.1
4,114.5
BBB/Baa
99.8
80.0
BB/Ba/B
119.1
56.0
CCC/Caa
0.7
2.1
Unrated
1
283.0
201.4
Cash in transit
235.3
271.0
Total cash and cash equivalents subject to credit risk
13,982.8
10,479.3
Short-term financial investments
AAA,AA/Aa, A
4,654.9
4,033.9
Total short-term financial instruments subject to credit risk
4,654.9
4,033.9
Trade and other receivables
AA/Aa
100.2
130.6
A
31.7
83.4
BBB/Baa
0.2
4.8
Unrated
1
195.6
196.6
Total trade and other receivables subject to credit risk
327.7
415.4
Derivative financial instruments
AA/Aa, A
2.5
1.6
Total derivative financial instruments subject to credit risk
2.5
1.6
1.
\u2018Unrated\u2019 refers to payment service providers, banks and customers with no public credit rating issued by a
global credit rating agency.
The Group held cash and cash equivalents of \u00a313,982.8m net of impairment allowance of \u00a31.2m.
Impairment of cash and cash equivalents has been measured on a 12-month expected loss basis
and reflects the short maturities of the exposures.
c. Market risk
Interest rate risk
The Group is exposed to interest rate risk from fixed interest rate assets and liabilities on Wise\u2019s
balance sheet. Interest rate risk is managed against a control framework, which is defined with
set metrics and limits in place.
The Group\u2019s economic value of equity is exposed to interest rate risk from fixed interest rate
assets and liabilities on Wise\u2019s balance sheet. The main fixed interest rate exposure for Wise
is driven by sovereign bonds within the safeguarded assets.
The Group is also exposed, more generally, to the risk of changes in net interest income (interest
income net of benefits paid to customers) resulting from potential movements in interest rates
on its financial assets, including cash and cash equivalents and short-term investments.
A 1% instantaneous downward shock of all interest rate curves would lead to a reduction of
\u00a3141.4m in annual interest income (2024: \u00a3110.9m), based on an average FY2025 balance of
\u00a316,537.0m of financial assets and to a reduction in net interest income, after benefits paid to
customers, of \u00a386.1m (2024: \u00a369.0m), based on FY2025 level of interest returned to customers.
A 1% upward shock of all interest rate curves would lead to an increase of \u00a3142.1m in annual net
interest income (2024: \u00a3112.2m) and to an increase in net interest income, after benefits paid to
customers, of \u00a386.7m (2024: \u00a370.4m).
Foreign exchange risk
The Group is exposed to foreign exchange rate movement from holding assets and liabilities in
different currencies and guaranteeing Send Money customers a foreign exchange rate on their
international transfers for a short period of time. Wise actively monitors foreign exchange risk, and
exposures are managed through a combination of natural hedging and treasury hedging products.
The Group uses a combination of foreign currency swaps, foreign exchange forwards and
non-deliverable foreign exchange forwards to hedge its exposure to foreign currency risk:
2025
2024
Carrying Carrying Carrying Carrying
amount amount Notional amount amount Notional
assets liabilities amount assets liabilities amount
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Derivative financial instruments
Foreign currency swaps
1.6
2.5
1,124.0
1.2
0.8
494.9
Foreign exchange forwards
0.8
0.4
562.7
0.4
0.5
486.5
Non-deliverable foreign exchange forwards
0.1
0.8
95.9
\u2013
0.3
45.6
Total derivative financial instruments
2.5
3.7
1,782.6
1.6
1.6
1,027.0
The remaining maturity of all open treasury positions as at 31 March 2025 is between 1 to
30 days (31 March 2024: between 1 to 19 days).
The notional contract amounts of derivatives held to manage the foreign exchange exposure
indicate the nominal value of transactions outstanding at the balance sheet date. They do not
represent amounts at risk. Since the balance sheet date all open treasury positions have been
realised or settled.
The Group\u2019s exposure to foreign exchange risk by currency
The table below presents the Group\u2019s net position (difference between financial assets and
liabilities) across its main currencies at the end of each reporting period. This table does not
include the final settlement amounts of any open derivative positions, as these are only accounted
for upon cash settlement on the balance sheet. Hence the accounting exposures below, as at
31 March 2025, are higher than the true economic exposures to foreign exchange risk:
2025 2024
\u00a3m \u00a3m
Net exposure by currency
USD
1
258.9
60.8
HUF
1
(134.2)
(96.6)
BRL
1
50.6
52.6
SGD
1
46.9
37.3
EUR
1
(45.2)
(45.2)
THB
1
(40.2)
(43.1)
AUD
1
39.3
59.3
KRW
1
(35.3)
(1.2)
PLN
1
(29.5)
(8.1)
MXN
1
(27.2)
(4.4)
Other currencies
(51.8)
18.7
1.
The Group mitigates the exposure to foreign exchange risk from movements in these currencies with a
combination of treasury products. For further information on the instruments the Group utilises to manage
its foreign exchange risk, refer to the \u2018Foreign exchange risk\u2019 section above.
Foreign exchange fluctuations sensitivity analysis
Foreign exchange risk is monitored on an ongoing basis using a value at risk (VaR) and stressed
value at risk (SVaR) approach, considering the foreign exchange risk arising from open non GBP
currency positions as FX rates move adversely against our open positions. For the sensitivity
analysis, a severe stress was applied to our 31 March 2025 positions, which assumes that both
EUR and USD would depreciate 5% simultaneously. In this scenario, a loss of \u00a33.2m would arise
over one day (2024: \u00a31.4m).
d. Capital risk Capital risk is the risk that the Group and its individual entities have an insufficient level or composition of capital to support their normal business activities and to meet their regulatory capital requirements, both under normal operating environments and stressed conditions. The Group\u2019s eligible capital comprises ordinary share capital, share based payments reserve, other reserves and audited retained earnings, as disclosed in the consolidated statement of changes in equity, less certain deductions (including deferred tax and intangibles). The Group\u2019s objectives when managing capital risk are to: \u2022 adhere to regulatory requirements in each jurisdiction; \u2022 safeguard the Group\u2019s ability to continue as a going concern, so that the Group can continue to provide returns for shareholders and benefits for other stakeholders; \u2022 fund an orderly wind-down in a reverse stress scenario (an extreme, but still plausible, combination of events or circumstances that would lead to that catastrophic failure which won\u2019t allow the Group to continue operating); and \u2022 maintain an optimal capital structure to reduce the cost of capital. The Group is subject to prudential regulatory consolidation which follows the rules in the sourcebook for MIFID investment firms (\u2018MIFIDPRU\u2019). This is the case due to the existence of Wise Assets UK Ltd, a group UK FCA-regulated investment firm subject to the same rules. Both Wise Assets UK Ltd (MIFID investment firm) and the Group (MIFID investment group) are classified as Non-small and Non-interconnected investment firms (\u2018non-SNI\u2019). The Group also follows and adheres to the Overall Own Funds Threshold Requirement as this is derived by the Group\u2019s Internal Capital Adequacy Assessment (\u2018ICARA\u2019) and approved by the Group board. ICARA is a continuous risk assessment process which considers the business model implication on capital and liquidity on an ongoing basis pursuant to the guidance of MIFIDPRU 7. At 31 March 2025 the Group maintained healthy buffers above both the Group Overall Own Funds Requirement as well as all minimum regulatory capital requirements across all Wise regulated entities. Further information on the Group\u2019s policies and processes for managing capital, along with the disclosure requirements under MIFIDPRU 8, can be found on our Owner relations website: https://wise.com/owners/.
e. Carrying amounts and fair values of financial instruments
The carrying value of the Group\u2019s financial assets and liabilities by measurement basis is
presented below:
2024
2025
Re-presented
1
\u00a3m \u00a3m
Financial assets at amortised cost
Non-current receivables
6.5
2.8
Current trade and other receivables
321.2
412.6
Cash at bank and in transit
7,990.6
6,703.2
Total financial assets at amortised cost
8,318.3
7,118.6
Financial liabilities at amortised cost
Non-current lease liabilities
(75.9)
(14.8)
Non-current borrowings
(98.1)
(198.4)
Current lease liabilities
(10.3)
(6.7)
Current borrowings
(1.3)
(4.3)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities at amortised cost
(17,711.5)
(14,030.2)
Financial assets at FVOCI
Short-term financial investments
4,654.7
4,033.9
Total financial assets at FVOCI
4,654.7
4,033.9
Financial assets at FVTPL
Investment into money market funds
5,992.2
3,776.1
Derivative financial instruments
2.5
1.6
Other short term investments
0.2
\u2013
Financial assets at FVTPL total
5,994.9
3,777.7
Financial liabilities at FVTPL
Derivative financial instruments
(3.7)
(1.6)
Financial liabilities at FVTPL total
(3.7)
(1.6)
1.
Comparative balances have been re-presented to align the investment into money market funds with our
business model to hold them for short-term liquidity.
Fair value hierarchy
Assets and liabilities carried at fair value or for which fair values are disclosed have been
classified into three levels according to the quality and reliability of information used to
determine the fair values.
\u2022 Level 1: The fair value of financial instruments traded in active markets is based on quoted
market prices at the end of the reporting period. Products classified as level 1 predominantly
comprise treasury bonds, investment grade corporate paper and money market funds.
The quoted market price used for financial assets held by the Group is the current close
price at the balance sheet date.
\u2022 Level 2: The fair value of financial instruments that are not traded in an active market is
determined using valuation techniques with the inputs that are observable either directly
or indirectly. The Group classifies derivative financial assets and liabilities as level 2 financial
instruments. These instruments are valued by observable foreign exchange rates. There were
no changes to the valuation technique during the period.
\u2022 Level 3: If one or more of the significant inputs is not based on observable market data, the
instrument is included in level 3. The Group does not currently have any financial instruments
in level 3.
The following table presents the Group\u2019s assets and liabilities that are
measured at fair value by the level in the fair value hierarchy as at the
reporting date:
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2025
Financial assets measured at fair value
Short-term financial investments
4,654.9
4,654.9
\u2013
\u2013
Investment into money market funds
5,992.2
5,992.2
\u2013
\u2013
Derivative financial assets
2.5
\u2013
2.5
\u2013
Total financial assets measured at fair value
10,649.6
10,647.1
2.5
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(3.7)
\u2013
(3.7)
\u2013
Total financial liabilities measured at fair value
(3.7)
\u2013
(3.7)
\u2013
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2024
Financial assets measured at fair value
Short-term financial investments
4,033.9
4,033.9
\u2013
\u2013
Investment into money market funds
3,776.1
3,776.1
\u2013
\u2013
Derivative financial assets
1.6
\u2013
1.6
\u2013
Total financial assets measured at fair value
7,811.6
7,810.0
1.6
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(1.6)
\u2013
(1.6)
\u2013
Total financial liabilities measured at fair value
(1.6)
\u2013
(1.6)
\u2013
Contractual maturity of financial liabilities based on undiscounted cash flows:
2025 2024
\u00a3m \u00a3m
Less than 1 year
Current lease liabilities
(10.6)
(8.6)
Current borrowings
(105.0)
(209.9)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities
(17,641.5)
(14,024.5)
Between 1 and 5 years
Non-current lease liabilities
(84.7)
(16.9)
Non-current borrowings
(3.4)
(1.0)
Total financial liabilities
(88.1)
(17.9)
Current and non-current borrowings include principal and interest.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-427": { "value": "Accounting policy Borrowings, consisting of a Revolving Credit Facility (RCF), are recognised initially at fair value, net of transaction costs incurred, and are subsequently carried at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognised as interest expense using the effective interest method over the term of the borrowing. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred and treated as a transaction cost when the draw-down occurs. The Group presents the impact of transaction costs as part of financing cash flows. Borrowings are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period. Covenants that the Group is required to comply with, on or before the end of the reporting period, affect whether the right to defer exists at the reporting date and therefore impact the classification of loan arrangements with covenants as current or non-current. Covenants that the Group is required to comply with after the reporting period do not affect the classification. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-422": { "value": "Accounting policy Borrowings, consisting of a Revolving Credit Facility (RCF), are recognised initially at fair value, net of transaction costs incurred, and are subsequently carried at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognised as interest expense using the effective interest method over the term of the borrowing. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred and treated as a transaction cost when the draw-down occurs. The Group presents the impact of transaction costs as part of financing cash flows. Borrowings are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period. Covenants that the Group is required to comply with, on or before the end of the reporting period, affect whether the right to defer exists at the reporting date and therefore impact the classification of loan arrangements with covenants as current or non-current. Covenants that the Group is required to comply with after the reporting period do not affect the classification. Financial liabilities Financial liabilities are measured at amortised cost, except for derivative liabilities, which are classified as financial liabilities measured at fair value through profit or loss. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-415": { "value": "Accounting policy Borrowings, consisting of a Revolving Credit Facility (RCF), are recognised initially at fair value, net of transaction costs incurred, and are subsequently carried at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognised as interest expense using the effective interest method over the term of the borrowing. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred and treated as a transaction cost when the draw-down occurs. The Group presents the impact of transaction costs as part of financing cash flows. Borrowings are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period. Covenants that the Group is required to comply with, on or before the end of the reporting period, affect whether the right to defer exists at the reporting date and therefore impact the classification of loan arrangements with covenants as current or non-current. Covenants that the Group is required to comply with after the reporting period do not affect the classification. Financial assets The Group classifies its financial assets, at initial recognition, and subsequently measures them at: \u2022 amortised cost; \u2022 fair value through profit or loss (FVTPL); and \u2022 fair value through other comprehensive income (FVOCI). The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flows and the Group\u2019s business model for managing them. The Group\u2019s business model for managing financial assets refers to how they are used in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Cash flows in relation to purchase or sale of these instruments are classified as investing activities in the consolidated cash flow statement. Financial assets at amortised cost The Group classifies its financial assets at amortised cost only if both of the following criteria are met: \u2022 the asset is held within a business model whose objective is to collect the contractual cash flows; and \u2022 the contractual terms give rise to cash flows that are solely payments of principal and interest. Financial assets at amortised cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognised in the profit or loss when the asset is derecognised, modified or impaired. Financial assets measured at amortised cost are predominantly trade and other receivables and cash and cash equivalents. Financial assets at fair value through other comprehensive income (FVOCI) The Group classifies debt securities (e.g. bonds) as FVOCI, as the contractual cash flows are solely payments of principal and interest, and the objective of the Group\u2019s business model is achieved both by collecting contractual cash flows and selling financial assets. Financial assets through profit or loss (FVTPL) Financial assets are classified at fair value through profit or loss when they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income, as described above. This includes debt instruments that do not meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets . Interest earned on assets mandatorily required to be measured at FVTPL is recorded using the contractual interest rate. Impairment of financial assets The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019) on financial assets that are measured at amortised cost or fair value through other comprehensive income. The ECL assessment considers both the 12-month and the lifetime ECL, as per IFRS 9 requirements. The Group considers that the below elements have low credit risk based on the credit quality of the counterparties: a. cash and cash equivalents; b. debt instruments held at FVOCI; c. collateral deposits the Group holds with its counterparties; and d. receivables from payment processors, partners and brokers. ECLs on these instruments are measured on a 12-month basis; nevertheless, when there has been a significant increase in credit risk since initial recognition, the allowance will be based on the lifetime ECL. At every reporting date, the Group evaluates whether there has been a significant increase in credit risk since initial recognition using all reasonable and supportable information that is available without undue cost or effort. The Group uses external credit ratings if available both to determine whether the financial instrument has significantly increased in credit risk and to the estimate ECLs. If a bank or other counterparty has no external credit rating, the Group evaluates its credit quality, where necessary, by analysing its financial position, past experience, and other factors. The Group\u2019s policy only allows exposures to banks and counterparties with sound credit quality and limits the exposures to a maximum amount, considering their level of risk. Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI consist of quoted bonds and other fixed asset securities that are graded in the top investment categories (rated A- and above) and, therefore, are considered to be low credit risk investments. The Group\u2019s receivables from customers qualify for the simplified approach in calculating ECLs, as they do not contain a significant financing component. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. To measure the ECLs, receivables from customers have been grouped based on shared credit risk characteristics and number of days past due. In calculating the ECLs on receivables recognised for chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-350": { "value": "Note 18. Lease liabilities Accounting policy Where the Group is the lessee, the right-of-use assets are recorded within the \u2018Property, plant and equipment\u2019 line in the statement of financial position and are measured at an amount equal to the lease liability. These relate to office spaces leased in various locations and are depreciated on a straight-line basis with the charge recognised in administrative expenses. The liability, recognised as part of the lease liabilities, is measured at a discounted value and any interest is charged to finance charges. The Group presents the payments of principal and interest on lease liabilities as part of financing cash flows. The Group has elected not to apply the requirements of IFRS 16 to short-term leases (leases with a lease term of 12 months or less) and leases for which the underlying asset is of low value. Low-value assets comprise IT and office equipment with a purchase price under \u00a35,000. Payments associated with short-term and low-value assets are recognised on a straight-line basis as an expense in profit or loss. Extension and termination options are included in a number of office space leases across the Group to maximise operational flexibility and they are exercisable only by the Group and not by the lessors. The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant changes in circumstances within its control.
As at 31 March As at 31 March
2025 2024
\u00a3m \u00a3m
Lease liabilities
Current
10.3
6.7
Non-current
75.9
14.8
Total lease liabilities
86.2
21.5
Lease movement reconciliation:
Lease liabilities Lease liabilities
2025 movements 2024 movements
\u00a3m \u00a3m
Opening balance
21.5
14.5
Cash flows:
Repayments
(6.1)
(7.1)
Interest expense paid
(3.6)
(1.1)
Non-cash flows:
New leases
75.3
15.3
Interest expense
3.6
1.1
Foreign currency translation differences
0.0
(0.2)
Other
(4.5)
(1.0)
Closing balance
86.2
21.5
As at 31 March 2025, the lease liabilities are \u00a386.2m (2024: \u00a321.5m) and relate to the expected terms remaining on multiple office space leases that the Group uses for its operations, discounted at between 2.2% and 14.0%. The leases expire between 2025-2035. The significant increase in lease liabilities is due to the Group entering into new long term leases in several locations during the year. As a result of this increase, lease liabilities have now been presented separately from borrowings due to their materiality and to provide more relevant information to users of the financial statements. The total expense, relating to short-term leases to which the lessee recognition and measurement requirement has not been applied, for the year ended 31 March 2025 is \u00a31.4m (2024: \u00a31.0m). The Group has extension options in office leases, which have not been exercised as at 31 March 2025. The potential future lease payments, should the Group exercise the extension options, would result in an increase in the lease liability of \u00a34.8m. The Group has termination options in multiple office leases, one of which management is certain as at 31 March 2025 that the termination option will be exercised. The potential future lease\u202fpayments, should the Group not exercise this termination option, would result in an increase in the lease liability by \u00a30.7m. ", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-416": { "value": "Accounting policy Where the Group is the lessee, the right-of-use assets are recorded within the \u2018Property, plant and equipment\u2019 line in the statement of financial position and are measured at an amount equal to the lease liability. These relate to office spaces leased in various locations and are depreciated on a straight-line basis with the charge recognised in administrative expenses. The liability, recognised as part of the lease liabilities, is measured at a discounted value and any interest is charged to finance charges. The Group presents the payments of principal and interest on lease liabilities as part of financing cash flows. The Group has elected not to apply the requirements of IFRS 16 to short-term leases (leases with a lease term of 12 months or less) and leases for which the underlying asset is of low value. Low-value assets comprise IT and office equipment with a purchase price under \u00a35,000. Payments associated with short-term and low-value assets are recognised on a straight-line basis as an expense in profit or loss. Extension and termination options are included in a number of office space leases across the Group to maximise operational flexibility and they are exercisable only by the Group and not by the lessors. The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant changes in circumstances within its control. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-373": { "value": "Note 19. Financial instruments and risk management Accounting policy Financial assets The Group classifies its financial assets, at initial recognition, and subsequently measures them at: \u2022 amortised cost; \u2022 fair value through profit or loss (FVTPL); and \u2022 fair value through other comprehensive income (FVOCI). The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flows and the Group\u2019s business model for managing them. The Group\u2019s business model for managing financial assets refers to how they are used in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Cash flows in relation to purchase or sale of these instruments are classified as investing activities in the consolidated cash flow statement. Financial assets at amortised cost The Group classifies its financial assets at amortised cost only if both of the following criteria are met: \u2022 the asset is held within a business model whose objective is to collect the contractual cash flows; and \u2022 the contractual terms give rise to cash flows that are solely payments of principal and interest. Financial assets at amortised cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognised in the profit or loss when the asset is derecognised, modified or impaired. Financial assets measured at amortised cost are predominantly trade and other receivables and cash and cash equivalents. Financial assets at fair value through other comprehensive income (FVOCI) The Group classifies debt securities (e.g. bonds) as FVOCI, as the contractual cash flows are solely payments of principal and interest, and the objective of the Group\u2019s business model is achieved both by collecting contractual cash flows and selling financial assets. Financial assets through profit or loss (FVTPL) Financial assets are classified at fair value through profit or loss when they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income, as described above. This includes debt instruments that do not meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets . Interest earned on assets mandatorily required to be measured at FVTPL is recorded using the contractual interest rate. Impairment of financial assets The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019) on financial assets that are measured at amortised cost or fair value through other comprehensive income. The ECL assessment considers both the 12-month and the lifetime ECL, as per IFRS 9 requirements. The Group considers that the below elements have low credit risk based on the credit quality of the counterparties: a. cash and cash equivalents; b. debt instruments held at FVOCI; c. collateral deposits the Group holds with its counterparties; and d. receivables from payment processors, partners and brokers. ECLs on these instruments are measured on a 12-month basis; nevertheless, when there has been a significant increase in credit risk since initial recognition, the allowance will be based on the lifetime ECL. At every reporting date, the Group evaluates whether there has been a significant increase in credit risk since initial recognition using all reasonable and supportable information that is available without undue cost or effort. The Group uses external credit ratings if available both to determine whether the financial instrument has significantly increased in credit risk and to the estimate ECLs. If a bank or other counterparty has no external credit rating, the Group evaluates its credit quality, where necessary, by analysing its financial position, past experience, and other factors. The Group\u2019s policy only allows exposures to banks and counterparties with sound credit quality and limits the exposures to a maximum amount, considering their level of risk. Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI consist of quoted bonds and other fixed asset securities that are graded in the top investment categories (rated A- and above) and, therefore, are considered to be low credit risk investments. The Group\u2019s receivables from customers qualify for the simplified approach in calculating ECLs, as they do not contain a significant financing component. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. To measure the ECLs, receivables from customers have been grouped based on shared credit risk characteristics and number of days past due. In calculating the ECLs on receivables recognised for chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. Financial liabilities Financial liabilities are measured at amortised cost, except for derivative liabilities, which are classified as financial liabilities measured at fair value through profit or loss. Derivative financial instruments Derivative financial instruments are used to manage exposure to market risks. The principal derivative instruments used by the Group are foreign currency swaps, foreign exchange forwards and non-deliverable foreign exchange forwards. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value through profit and loss at each reporting date. The Group does not hold or issue derivative financial instruments for trading or speculative purposes. The fair value of the derivative financial instruments is determined by mark-to market valuation technique. The key inputs in the valuation model are the observable foreign exchange rates for the currencies involved. These inputs are considered level 2 within the fair value hierarchy, as they are observable, but may not be quoted directly for the specific instruments. In the course of its business, the Group is exposed to the main financial risks: liquidity, credit, and market risk from its use of financial instruments. The Group\u2019s financial risk management programme seeks to minimise potential adverse effects on the Group\u2019s financial performance. All financial risks are managed against a control framework and risk appetite, which include defined metrics and limits. The treasury function is responsible for ongoing management. The risk management function provides close oversight by monitoring exposures, proposing metrics, methodologies and assumptions, setting limits and early warning indicators, and performing stress testing. a. Liquidity risk Liquidity risk is the risk that the Group cannot meet its financial obligations as they fall due. Management monitors rolling forecasts of the Group\u2019s liquidity requirements to ensure it has sufficient cash to meet operational needs. The Group\u2019s approach to managing liquidity risk is to ensure that it always has enough liquid resources in excess of its liquidity risk appetite to meet its liabilities when due, under both normal and stressed conditions, without incurring losses or risking damage to the Group\u2019s position. On the top of adhering to its internal liquidity risk management framework and risk appetite, the Group follows and adheres to the overall financial adequacy rule (OFAR) requirements pursuant to the guidance of MIFIDPRU 7. At 31 March 2025: \u2022 the Group maintained healthy liquidity buffers above both the FCA liquid assets threshold requirement as well as all minimum regulatory requirements across all Wise regulated entities \u2022 the Group maintained healthy liquidity buffers above its internal risk appetite, supporting the Group\u2019s ability to withstand a range of severe, but plausible, market-wide and Wise-specific stresses defined within the Group\u2019s Internal Liquidity Adequacy Assessment and approved by the Group\u2019s board. In May 2024, the Group entered into Safeguarding Insurance Guarantees with 9 insurance companies to guarantee \u00a3520.0m of customer funds, so that this amount does not need to be safeguarded and can be used for operating customer liquidity. These arrangements have an 18 month term and include specific renewal provisions which can be triggered 6 months before the end of the term, in order to provide certainty on renewal at least 3 months before the end of the term. Also the Group\u2019s Revolving Credit Facility was refinanced in December 2024 as an unsecured 3 year \u00a3330.0m facility, with the option to extend for 2 additional years. At 31 March 2025 \u00a3100.0m of the facility had been drawn down with a further \u00a3230.0m available. Despite the Group\u2019s use of external funding options for liquidity management, the impact of refinancing risk on the Group\u2019s liquidity adequacy is low due to the Group\u2019s limited reliance on the external funding and high level of internal liquidity. The breakdowns of trade payables, borrowings and leases into current and non-current are shown in notes 16, 17 and 18. See also note 19 (e) for the maturity profile of the Group\u2019s financial liabilities based on contractual undiscounted payments. b. Credit risk Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The credit risk exposures are managed at Group level according to the Group\u2019s credit risk appetite. Wise actively manages credit concentration risk and it is Wise\u2019s policy to impose credit limits in order to control the exposures (amount and period) Wise has with each counterparty considering their level of risk. These limits are set based on the credit ratings or perceived credit quality of each counterparty and approval must be obtained from the Credit Risk Committee for any exceptions outside of the framework. The Group\u2019s maximum exposure to credit risk by class of financial asset is as follows:
2025 2024
\u00a3m \u00a3m
Asset category
Cash and cash equivalents
13,982.8
10,479.3
Short-term financial investments
4,654.9
4,033.9
Trade and other receivables
327.7
415.4
Derivative financial assets
2.5
1.6
Total assets subject to credit risk
18,967.9
14,930.2
Credit risk is mitigated as the majority of these financial assets are held with investment grade financial institutions or invested in highly rated financial instruments with credit ratings assigned by reputable credit rating agencies such as Moody\u2019s, Standard & Poor\u2019s and Fitch Ratings . The Group\u2019s financial assets breakdown by external credit ratings is as follows:
2025 2024
\u00a3m \u00a3m
Cash and cash equivalents
Investment into money market funds
AAA
5,992.2
3,776.1
Cash at bank
AA/Aa
6,305.6
1,978.2
A
947.1
4,114.5
BBB/Baa
99.8
80.0
BB/Ba/B
119.1
56.0
CCC/Caa
0.7
2.1
Unrated
1
283.0
201.4
Cash in transit
235.3
271.0
Total cash and cash equivalents subject to credit risk
13,982.8
10,479.3
Short-term financial investments
AAA,AA/Aa, A
4,654.9
4,033.9
Total short-term financial instruments subject to credit risk
4,654.9
4,033.9
Trade and other receivables
AA/Aa
100.2
130.6
A
31.7
83.4
BBB/Baa
0.2
4.8
Unrated
1
195.6
196.6
Total trade and other receivables subject to credit risk
327.7
415.4
Derivative financial instruments
AA/Aa, A
2.5
1.6
Total derivative financial instruments subject to credit risk
2.5
1.6
1. \u2018Unrated\u2019 refers to payment service providers, banks and customers with no public credit rating issued by a global credit rating agency. The Group held cash and cash equivalents of \u00a313,982.8m net of impairment allowance of \u00a31.2m. Impairment of cash and cash equivalents has been measured on a 12-month expected loss basis and reflects the short maturities of the exposures. c. Market risk Interest rate risk The Group is exposed to interest rate risk from fixed interest rate assets and liabilities on Wise\u2019s balance sheet. Interest rate risk is managed against a control framework, which is defined with set metrics and limits in place. The Group\u2019s economic value of equity is exposed to interest rate risk from fixed interest rate assets and liabilities on Wise\u2019s balance sheet. The main fixed interest rate exposure for Wise is driven by sovereign bonds within the safeguarded assets. The Group is also exposed, more generally, to the risk of changes in net interest income (interest income net of benefits paid to customers) resulting from potential movements in interest rates on its financial assets, including cash and cash equivalents and short-term investments. A 1% instantaneous downward shock of all interest rate curves would lead to a reduction of \u00a3141.4m in annual interest income (2024: \u00a3110.9m), based on an average FY2025 balance of \u00a316,537.0m of financial assets and to a reduction in net interest income, after benefits paid to customers, of \u00a386.1m (2024: \u00a369.0m), based on FY2025 level of interest returned to customers. A 1% upward shock of all interest rate curves would lead to an increase of \u00a3142.1m in annual net interest income (2024: \u00a3112.2m) and to an increase in net interest income, after benefits paid to customers, of \u00a386.7m (2024: \u00a370.4m). Foreign exchange risk The Group is exposed to foreign exchange rate movement from holding assets and liabilities in different currencies and guaranteeing Send Money customers a foreign exchange rate on their international transfers for a short period of time. Wise actively monitors foreign exchange risk, and exposures are managed through a combination of natural hedging and treasury hedging products. The Group uses a combination of foreign currency swaps, foreign exchange forwards and non-deliverable foreign exchange forwards to hedge its exposure to foreign currency risk:
2025
2024
Carrying Carrying Carrying Carrying
amount amount Notional amount amount Notional
assets liabilities amount assets liabilities amount
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Derivative financial instruments
Foreign currency swaps
1.6
2.5
1,124.0
1.2
0.8
494.9
Foreign exchange forwards
0.8
0.4
562.7
0.4
0.5
486.5
Non-deliverable foreign exchange forwards
0.1
0.8
95.9
\u2013
0.3
45.6
Total derivative financial instruments
2.5
3.7
1,782.6
1.6
1.6
1,027.0
The remaining maturity of all open treasury positions as at 31 March 2025 is between 1 to 30 days (31 March 2024: between 1 to 19 days). The notional contract amounts of derivatives held to manage the foreign exchange exposure indicate the nominal value of transactions outstanding at the balance sheet date. They do not represent amounts at risk. Since the balance sheet date all open treasury positions have been realised or settled. The Group\u2019s exposure to foreign exchange risk by currency The table below presents the Group\u2019s net position (difference between financial assets and liabilities) across its main currencies at the end of each reporting period. This table does not include the final settlement amounts of any open derivative positions, as these are only accounted for upon cash settlement on the balance sheet. Hence the accounting exposures below, as at 31 March 2025, are higher than the true economic exposures to foreign exchange risk:
2025 2024
\u00a3m \u00a3m
Net exposure by currency
USD
1
258.9
60.8
HUF
1
(134.2)
(96.6)
BRL
1
50.6
52.6
SGD
1
46.9
37.3
EUR
1
(45.2)
(45.2)
THB
1
(40.2)
(43.1)
AUD
1
39.3
59.3
KRW
1
(35.3)
(1.2)
PLN
1
(29.5)
(8.1)
MXN
1
(27.2)
(4.4)
Other currencies
(51.8)
18.7
1. The Group mitigates the exposure to foreign exchange risk from movements in these currencies with a combination of treasury products. For further information on the instruments the Group utilises to manage its foreign exchange risk, refer to the \u2018Foreign exchange risk\u2019 section above. Foreign exchange fluctuations sensitivity analysis Foreign exchange risk is monitored on an ongoing basis using a value at risk (VaR) and stressed value at risk (SVaR) approach, considering the foreign exchange risk arising from open non GBP currency positions as FX rates move adversely against our open positions. For the sensitivity analysis, a severe stress was applied to our 31 March 2025 positions, which assumes that both EUR and USD would depreciate 5% simultaneously. In this scenario, a loss of \u00a33.2m would arise over one day (2024: \u00a31.4m).
d. Capital risk
Capital risk is the risk that the Group and its individual entities have an insufficient level or
composition of capital to support their normal business activities and to meet their regulatory
capital requirements, both under normal operating environments and stressed conditions.
The Group\u2019s eligible capital comprises ordinary share capital, share based payments reserve,
other reserves and audited retained earnings, as disclosed in the consolidated statement of
changes in equity, less certain deductions (including deferred tax and intangibles).
The Group\u2019s objectives when managing capital risk are to:
\u2022 adhere to regulatory requirements in each jurisdiction;
\u2022 safeguard the Group\u2019s ability to continue as a going concern, so that the Group can continue
to provide returns for shareholders and benefits for other stakeholders;
\u2022 fund an orderly wind-down in a reverse stress scenario (an extreme, but still plausible,
combination of events or circumstances that would lead to that catastrophic failure
which won\u2019t allow the Group to continue operating); and
\u2022 maintain an optimal capital structure to reduce the cost of capital.
The Group is subject to prudential regulatory consolidation which follows the rules in the
sourcebook for MIFID investment firms (\u2018MIFIDPRU\u2019). This is the case due to the existence
of Wise Assets UK Ltd, a group UK FCA-regulated investment firm subject to the same rules.
Both Wise Assets UK Ltd (MIFID investment firm) and the Group (MIFID investment group)
are classified as Non-small and Non-interconnected investment firms (\u2018non-SNI\u2019).
The Group also follows and adheres to the Overall Own Funds Threshold Requirement as this is
derived by the Group\u2019s Internal Capital Adequacy Assessment (\u2018ICARA\u2019) and approved by the
Group board. ICARA is a continuous risk assessment process which considers the business model
implication on capital and liquidity on an ongoing basis pursuant to the guidance of MIFIDPRU 7.
At 31 March 2025 the Group maintained healthy buffers above both the Group Overall Own
Funds Requirement as well as all minimum regulatory capital requirements across all Wise
regulated entities.
Further information on the Group\u2019s policies and processes for managing capital, along with
the disclosure requirements under MIFIDPRU 8, can be found on our Owner relations website:
https://wise.com/owners/.
e. Carrying amounts and fair values of financial instruments The carrying value of the Group\u2019s financial assets and liabilities by measurement basis is presented below:
2024
2025
Re-presented
1
\u00a3m \u00a3m
Financial assets at amortised cost
Non-current receivables
6.5
2.8
Current trade and other receivables
321.2
412.6
Cash at bank and in transit
7,990.6
6,703.2
Total financial assets at amortised cost
8,318.3
7,118.6
Financial liabilities at amortised cost
Non-current lease liabilities
(75.9)
(14.8)
Non-current borrowings
(98.1)
(198.4)
Current lease liabilities
(10.3)
(6.7)
Current borrowings
(1.3)
(4.3)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities at amortised cost
(17,711.5)
(14,030.2)
Financial assets at FVOCI
Short-term financial investments
4,654.7
4,033.9
Total financial assets at FVOCI
4,654.7
4,033.9
Financial assets at FVTPL
Investment into money market funds
5,992.2
3,776.1
Derivative financial instruments
2.5
1.6
Other short term investments
0.2
\u2013
Financial assets at FVTPL total
5,994.9
3,777.7
Financial liabilities at FVTPL
Derivative financial instruments
(3.7)
(1.6)
Financial liabilities at FVTPL total
(3.7)
(1.6)
1. Comparative balances have been re-presented to align the investment into money market funds with our business model to hold them for short-term liquidity. Fair value hierarchy Assets and liabilities carried at fair value or for which fair values are disclosed have been classified into three levels according to the quality and reliability of information used to determine the fair values. \u2022 Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. Products classified as level 1 predominantly comprise treasury bonds, investment grade corporate paper and money market funds. The quoted market price used for financial assets held by the Group is the current close price at the balance sheet date. \u2022 Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques with the inputs that are observable either directly or indirectly. The Group classifies derivative financial assets and liabilities as level 2 financial instruments. These instruments are valued by observable foreign exchange rates. There were no changes to the valuation technique during the period. \u2022 Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. The Group does not currently have any financial instruments in level 3. The following table presents the Group\u2019s assets and liabilities that are measured at fair value by the level in the fair value hierarchy as at the reporting date:
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2025
Financial assets measured at fair value
Short-term financial investments
4,654.9
4,654.9
\u2013
\u2013
Investment into money market funds
5,992.2
5,992.2
\u2013
\u2013
Derivative financial assets
2.5
\u2013
2.5
\u2013
Total financial assets measured at fair value
10,649.6
10,647.1
2.5
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(3.7)
\u2013
(3.7)
\u2013
Total financial liabilities measured at fair value
(3.7)
\u2013
(3.7)
\u2013
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2024
Financial assets measured at fair value
Short-term financial investments
4,033.9
4,033.9
\u2013
\u2013
Investment into money market funds
3,776.1
3,776.1
\u2013
\u2013
Derivative financial assets
1.6
\u2013
1.6
\u2013
Total financial assets measured at fair value
7,811.6
7,810.0
1.6
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(1.6)
\u2013
(1.6)
\u2013
Total financial liabilities measured at fair value
(1.6)
\u2013
(1.6)
\u2013
Contractual maturity of financial liabilities based on undiscounted cash flows:
2025 2024
\u00a3m \u00a3m
Less than 1 year
Current lease liabilities
(10.6)
(8.6)
Current borrowings
(105.0)
(209.9)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities
(17,641.5)
(14,024.5)
Between 1 and 5 years
Non-current lease liabilities
(84.7)
(16.9)
Non-current borrowings
(3.4)
(1.0)
Total financial liabilities
(88.1)
(17.9)
Current and non-current borrowings include principal and interest.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-423": { "value": "Financial assets The Group classifies its financial assets, at initial recognition, and subsequently measures them at: \u2022 amortised cost; \u2022 fair value through profit or loss (FVTPL); and \u2022 fair value through other comprehensive income (FVOCI). The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flows and the Group\u2019s business model for managing them. The Group\u2019s business model for managing financial assets refers to how they are used in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Cash flows in relation to purchase or sale of these instruments are classified as investing activities in the consolidated cash flow statement. Financial assets at amortised cost The Group classifies its financial assets at amortised cost only if both of the following criteria are met: \u2022 the asset is held within a business model whose objective is to collect the contractual cash flows; and \u2022 the contractual terms give rise to cash flows that are solely payments of principal and interest. Financial assets at amortised cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognised in the profit or loss when the asset is derecognised, modified or impaired. Financial assets measured at amortised cost are predominantly trade and other receivables and cash and cash equivalents. Financial assets at fair value through other comprehensive income (FVOCI) The Group classifies debt securities (e.g. bonds) as FVOCI, as the contractual cash flows are solely payments of principal and interest, and the objective of the Group\u2019s business model is achieved both by collecting contractual cash flows and selling financial assets. Financial assets through profit or loss (FVTPL) Financial assets are classified at fair value through profit or loss when they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income, as described above. This includes debt instruments that do not meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets . Interest earned on assets mandatorily required to be measured at FVTPL is recorded using the contractual interest rate. Impairment of financial assets The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019) on financial assets that are measured at amortised cost or fair value through other comprehensive income. The ECL assessment considers both the 12-month and the lifetime ECL, as per IFRS 9 requirements. The Group considers that the below elements have low credit risk based on the credit quality of the counterparties: a. cash and cash equivalents; b. debt instruments held at FVOCI; c. collateral deposits the Group holds with its counterparties; and d. receivables from payment processors, partners and brokers. ECLs on these instruments are measured on a 12-month basis; nevertheless, when there has been a significant increase in credit risk since initial recognition, the allowance will be based on the lifetime ECL. At every reporting date, the Group evaluates whether there has been a significant increase in credit risk since initial recognition using all reasonable and supportable information that is available without undue cost or effort. The Group uses external credit ratings if available both to determine whether the financial instrument has significantly increased in credit risk and to the estimate ECLs. If a bank or other counterparty has no external credit rating, the Group evaluates its credit quality, where necessary, by analysing its financial position, past experience, and other factors. The Group\u2019s policy only allows exposures to banks and counterparties with sound credit quality and limits the exposures to a maximum amount, considering their level of risk. Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI consist of quoted bonds and other fixed asset securities that are graded in the top investment categories (rated A- and above) and, therefore, are considered to be low credit risk investments. The Group\u2019s receivables from customers qualify for the simplified approach in calculating ECLs, as they do not contain a significant financing component. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. To measure the ECLs, receivables from customers have been grouped based on shared credit risk characteristics and number of days past due. In calculating the ECLs on receivables recognised for chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-432": { "value": "Financial assets through profit or loss (FVTPL) Financial assets are classified at fair value through profit or loss when they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income, as described above. This includes debt instruments that do not meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets Interest earned on assets mandatorily required to be measured at FVTPL is recorded using the contractual interest rate. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-428": { "value": "Financial assets through profit or loss (FVTPL) Financial assets are classified at fair value through profit or loss when they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income, as described above. This includes debt instruments that do not meet the amortised cost criteria or the FVOCI criteria and all derivative financial assets . Interest earned on assets mandatorily required to be measured at FVTPL is recorded using the contractual interest rate. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-429": { "value": "Impairment of financial assets The Group recognises impairment loss allowances for expected credit losses (\u2018ECLs\u2019) on financial assets that are measured at amortised cost or fair value through other comprehensive income. The ECL assessment considers both the 12-month and the lifetime ECL, as per IFRS 9 requirements. The Group considers that the below elements have low credit risk based on the credit quality of the counterparties: a. cash and cash equivalents; b. debt instruments held at FVOCI; c. collateral deposits the Group holds with its counterparties; and d. receivables from payment processors, partners and brokers. ECLs on these instruments are measured on a 12-month basis; nevertheless, when there has been a significant increase in credit risk since initial recognition, the allowance will be based on the lifetime ECL. At every reporting date, the Group evaluates whether there has been a significant increase in credit risk since initial recognition using all reasonable and supportable information that is available without undue cost or effort. The Group uses external credit ratings if available both to determine whether the financial instrument has significantly increased in credit risk and to the estimate ECLs. If a bank or other counterparty has no external credit rating, the Group evaluates its credit quality, where necessary, by analysing its financial position, past experience, and other factors. The Group\u2019s policy only allows exposures to banks and counterparties with sound credit quality and limits the exposures to a maximum amount, considering their level of risk. Furthermore, as per the Group\u2019s investment policy, the debt instruments held at FVOCI consist of quoted bonds and other fixed asset securities that are graded in the top investment categories (rated A- and above) and, therefore, are considered to be low credit risk investments. The Group\u2019s receivables from customers qualify for the simplified approach in calculating ECLs, as they do not contain a significant financing component. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. To measure the ECLs, receivables from customers have been grouped based on shared credit risk characteristics and number of days past due. In calculating the ECLs on receivables recognised for chargebacks, the Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For negative customer balances, if an active non-fraudulent account goes more than 30 days past due, according to Group policy, it is perceived as an indication of a significant increase in credit risk and the receivable is provided in full. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-430": { "value": "Derivative financial instruments Derivative financial instruments are used to manage exposure to market risks. The principal derivative instruments used by the Group are foreign currency swaps, foreign exchange forwards and non-deliverable foreign exchange forwards. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value through profit and loss at each reporting date. The Group does not hold or issue derivative financial instruments for trading or speculative purposes. The fair value of the derivative financial instruments is determined by mark-to market valuation technique. The key inputs in the valuation model are the observable foreign exchange rates for the currencies involved. These inputs are considered level 2 within the fair value hierarchy, as they are observable, but may not be quoted directly for the specific instruments. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-424": { "value": "Derivative financial instruments Derivative financial instruments are used to manage exposure to market risks. The principal derivative instruments used by the Group are foreign currency swaps, foreign exchange forwards and non-deliverable foreign exchange forwards. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value through profit and loss at each reporting date. The Group does not hold or issue derivative financial instruments for trading or speculative purposes. The fair value of the derivative financial instruments is determined by mark-to market valuation technique. The key inputs in the valuation model are the observable foreign exchange rates for the currencies involved. These inputs are considered level 2 within the fair value hierarchy, as they are observable, but may not be quoted directly for the specific instruments. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-386": { "value": "
a. Liquidity risk
Liquidity risk is the risk that the Group cannot meet its financial obligations as they fall due.
Management monitors rolling forecasts of the Group\u2019s liquidity requirements to ensure it has
sufficient cash to meet operational needs.
The Group\u2019s approach to managing liquidity risk is to ensure that it always has enough liquid
resources in excess of its liquidity risk appetite to meet its liabilities when due, under both normal
and stressed conditions, without incurring losses or risking damage to the Group\u2019s position.
On the top of adhering to its internal liquidity risk management framework and risk appetite, the
Group follows and adheres to the overall financial adequacy rule (OFAR) requirements pursuant
to the guidance of MIFIDPRU 7. At 31 March 2025:
\u2022 the Group maintained healthy liquidity buffers above both the FCA liquid assets threshold
requirement as well as all minimum regulatory requirements across all Wise regulated entities
\u2022 the Group maintained healthy liquidity buffers above its internal risk appetite, supporting the
Group\u2019s ability to withstand a range of severe, but plausible, market-wide and Wise-specific
stresses defined within the Group\u2019s Internal Liquidity Adequacy Assessment and approved by
the Group\u2019s board.
In May 2024, the Group entered into Safeguarding Insurance Guarantees with 9 insurance
companies to guarantee \u00a3520.0m of customer funds, so that this amount does not need to be
safeguarded and can be used for operating customer liquidity. These arrangements have an
18 month term and include specific renewal provisions which can be triggered 6 months before
the end of the term, in order to provide certainty on renewal at least 3 months before the end
of the term. Also the Group\u2019s Revolving Credit Facility was refinanced in December 2024 as an
unsecured 3 year \u00a3330.0m facility, with the option to extend for 2 additional years. At 31 March
2025 \u00a3100.0m of the facility had been drawn down with a further \u00a3230.0m available.
Despite the Group\u2019s use of external funding options for liquidity management, the impact of
refinancing risk on the Group\u2019s liquidity adequacy is low due to the Group\u2019s limited reliance on
the external funding and high level of internal liquidity.
The breakdowns of trade payables, borrowings and leases into current and non-current are
shown in notes 16, 17 and 18. See also note 19 (e) for the maturity profile of the Group\u2019s financial
liabilities based on contractual undiscounted payments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-387": { "value": "b. Credit risk Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The credit risk exposures are managed at Group level according to the Group\u2019s credit risk appetite. Wise actively manages credit concentration risk and it is Wise\u2019s policy to impose credit limits in order to control the exposures (amount and period) Wise has with each counterparty considering their level of risk. These limits are set based on the credit ratings or perceived credit quality of each counterparty and approval must be obtained from the Credit Risk Committee for any exceptions outside of the framework. The Group\u2019s maximum exposure to credit risk by class of financial asset is as follows:
2025 2024
\u00a3m \u00a3m
Asset category
Cash and cash equivalents
13,982.8
10,479.3
Short-term financial investments
4,654.9
4,033.9
Trade and other receivables
327.7
415.4
Derivative financial assets
2.5
1.6
Total assets subject to credit risk
18,967.9
14,930.2
Credit risk is mitigated as the majority of these financial assets are held with investment grade financial institutions or invested in highly rated financial instruments with credit ratings assigned by reputable credit rating agencies such as Moody\u2019s, Standard & Poor\u2019s and Fitch Ratings The Group\u2019s financial assets breakdown by external credit ratings is as follows:
2025 2024
\u00a3m \u00a3m
Cash and cash equivalents
Investment into money market funds
AAA
5,992.2
3,776.1
Cash at bank
AA/Aa
6,305.6
1,978.2
A
947.1
4,114.5
BBB/Baa
99.8
80.0
BB/Ba/B
119.1
56.0
CCC/Caa
0.7
2.1
Unrated
1
283.0
201.4
Cash in transit
235.3
271.0
Total cash and cash equivalents subject to credit risk
13,982.8
10,479.3
Short-term financial investments
AAA,AA/Aa, A
4,654.9
4,033.9
Total short-term financial instruments subject to credit risk
4,654.9
4,033.9
Trade and other receivables
AA/Aa
100.2
130.6
A
31.7
83.4
BBB/Baa
0.2
4.8
Unrated
1
195.6
196.6
Total trade and other receivables subject to credit risk
327.7
415.4
Derivative financial instruments
AA/Aa, A
2.5
1.6
Total derivative financial instruments subject to credit risk
2.5
1.6
1. \u2018Unrated\u2019 refers to payment service providers, banks and customers with no public credit rating issued by a global credit rating agency. The Group held cash and cash equivalents of \u00a313,982.8m net of impairment allowance of \u00a31.2m. Impairment of cash and cash equivalents has been measured on a 12-month expected loss basis and reflects the short maturities of the exposures. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-388": { "value": "c. Market risk Interest rate risk The Group is exposed to interest rate risk from fixed interest rate assets and liabilities on Wise\u2019s balance sheet. Interest rate risk is managed against a control framework, which is defined with set metrics and limits in place. The Group\u2019s economic value of equity is exposed to interest rate risk from fixed interest rate assets and liabilities on Wise\u2019s balance sheet. The main fixed interest rate exposure for Wise is driven by sovereign bonds within the safeguarded assets. The Group is also exposed, more generally, to the risk of changes in net interest income (interest income net of benefits paid to customers) resulting from potential movements in interest rates on its financial assets, including cash and cash equivalents and short-term investments. A 1% instantaneous downward shock of all interest rate curves would lead to a reduction of \u00a3141.4m in annual interest income (2024: \u00a3110.9m), based on an average FY2025 balance of \u00a316,537.0m of financial assets and to a reduction in net interest income, after benefits paid to customers, of \u00a386.1m (2024: \u00a369.0m), based on FY2025 level of interest returned to customers. A 1% upward shock of all interest rate curves would lead to an increase of \u00a3142.1m in annual net interest income (2024: \u00a3112.2m) and to an increase in net interest income, after benefits paid to customers, of \u00a386.7m (2024: \u00a370.4m). Foreign exchange risk The Group is exposed to foreign exchange rate movement from holding assets and liabilities in different currencies and guaranteeing Send Money customers a foreign exchange rate on their international transfers for a short period of time. Wise actively monitors foreign exchange risk, and exposures are managed through a combination of natural hedging and treasury hedging products. The Group uses a combination of foreign currency swaps, foreign exchange forwards and non-deliverable foreign exchange forwards to hedge its exposure to foreign currency risk:
2025
2024
Carrying Carrying Carrying Carrying
amount amount Notional amount amount Notional
assets liabilities amount assets liabilities amount
\u00a3m \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m
Derivative financial instruments
Foreign currency swaps
1.6
2.5
1,124.0
1.2
0.8
494.9
Foreign exchange forwards
0.8
0.4
562.7
0.4
0.5
486.5
Non-deliverable foreign exchange forwards
0.1
0.8
95.9
\u2013
0.3
45.6
Total derivative financial instruments
2.5
3.7
1,782.6
1.6
1.6
1,027.0
The remaining maturity of all open treasury positions as at 31 March 2025 is between 1 to 30 days (31 March 2024: between 1 to 19 days). The notional contract amounts of derivatives held to manage the foreign exchange exposure indicate the nominal value of transactions outstanding at the balance sheet date. They do not represent amounts at risk. Since the balance sheet date all open treasury positions have been realised or settled. The Group\u2019s exposure to foreign exchange risk by currency The table below presents the Group\u2019s net position (difference between financial assets and liabilities) across its main currencies at the end of each reporting period. This table does not include the final settlement amounts of any open derivative positions, as these are only accounted for upon cash settlement on the balance sheet. Hence the accounting exposures below, as at 31 March 2025, are higher than the true economic exposures to foreign exchange risk:
2025 2024
\u00a3m \u00a3m
Net exposure by currency
USD
1
258.9
60.8
HUF
1
(134.2)
(96.6)
BRL
1
50.6
52.6
SGD
1
46.9
37.3
EUR
1
(45.2)
(45.2)
THB
1
(40.2)
(43.1)
AUD
1
39.3
59.3
KRW
1
(35.3)
(1.2)
PLN
1
(29.5)
(8.1)
MXN
1
(27.2)
(4.4)
Other currencies
(51.8)
18.7
1. The Group mitigates the exposure to foreign exchange risk from movements in these currencies with a combination of treasury products. For further information on the instruments the Group utilises to manage its foreign exchange risk, refer to the \u2018Foreign exchange risk\u2019 section above. Foreign exchange fluctuations sensitivity analysis Foreign exchange risk is monitored on an ongoing basis using a value at risk (VaR) and stressed value at risk (SVaR) approach, considering the foreign exchange risk arising from open non GBP currency positions as FX rates move adversely against our open positions. For the sensitivity analysis, a severe stress was applied to our 31 March 2025 positions, which assumes that both EUR and USD would depreciate 5% simultaneously. In this scenario, a loss of \u00a33.2m would arise over one day (2024: \u00a31.4m). ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-389": { "value": "d. Capital risk Capital risk is the risk that the Group and its individual entities have an insufficient level or composition of capital to support their normal business activities and to meet their regulatory capital requirements, both under normal operating environments and stressed conditions. The Group\u2019s eligible capital comprises ordinary share capital, share based payments reserve, other reserves and audited retained earnings, as disclosed in the consolidated statement of changes in equity, less certain deductions (including deferred tax and intangibles). The Group\u2019s objectives when managing capital risk are to: \u2022 adhere to regulatory requirements in each jurisdiction; \u2022 safeguard the Group\u2019s ability to continue as a going concern, so that the Group can continue to provide returns for shareholders and benefits for other stakeholders; \u2022 fund an orderly wind-down in a reverse stress scenario (an extreme, but still plausible, combination of events or circumstances that would lead to that catastrophic failure which won\u2019t allow the Group to continue operating); and \u2022 maintain an optimal capital structure to reduce the cost of capital. The Group is subject to prudential regulatory consolidation which follows the rules in the sourcebook for MIFID investment firms (\u2018MIFIDPRU\u2019). This is the case due to the existence of Wise Assets UK Ltd, a group UK FCA-regulated investment firm subject to the same rules. Both Wise Assets UK Ltd (MIFID investment firm) and the Group (MIFID investment group) are classified as Non-small and Non-interconnected investment firms (\u2018non-SNI\u2019). The Group also follows and adheres to the Overall Own Funds Threshold Requirement as this is derived by the Group\u2019s Internal Capital Adequacy Assessment (\u2018ICARA\u2019) and approved by the Group board. ICARA is a continuous risk assessment process which considers the business model implication on capital and liquidity on an ongoing basis pursuant to the guidance of MIFIDPRU 7. At 31 March 2025 the Group maintained healthy buffers above both the Group Overall Own Funds Requirement as well as all minimum regulatory capital requirements across all Wise regulated entities. Further information on the Group\u2019s policies and processes for managing capital, along with the disclosure requirements under MIFIDPRU 8, can be found on our Owner relations website: https://wise.com/owners/. ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-399": { "value": "e. Carrying amounts and fair values of financial instruments The carrying value of the Group\u2019s financial assets and liabilities by measurement basis is presented below:
2024
2025
Re-presented
1
\u00a3m \u00a3m
Financial assets at amortised cost
Non-current receivables
6.5
2.8
Current trade and other receivables
321.2
412.6
Cash at bank and in transit
7,990.6
6,703.2
Total financial assets at amortised cost
8,318.3
7,118.6
Financial liabilities at amortised cost
Non-current lease liabilities
(75.9)
(14.8)
Non-current borrowings
(98.1)
(198.4)
Current lease liabilities
(10.3)
(6.7)
Current borrowings
(1.3)
(4.3)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities at amortised cost
(17,711.5)
(14,030.2)
Financial assets at FVOCI
Short-term financial investments
4,654.7
4,033.9
Total financial assets at FVOCI
4,654.7
4,033.9
Financial assets at FVTPL
Investment into money market funds
5,992.2
3,776.1
Derivative financial instruments
2.5
1.6
Other short term investments
0.2
\u2013
Financial assets at FVTPL total
5,994.9
3,777.7
Financial liabilities at FVTPL
Derivative financial instruments
(3.7)
(1.6)
Financial liabilities at FVTPL total
(3.7)
(1.6)
1. Comparative balances have been re-presented to align the investment into money market funds with our business model to hold them for short-term liquidity. Fair value hierarchy Assets and liabilities carried at fair value or for which fair values are disclosed have been classified into three levels according to the quality and reliability of information used to determine the fair values. \u2022 Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. Products classified as level 1 predominantly comprise treasury bonds, investment grade corporate paper and money market funds. The quoted market price used for financial assets held by the Group is the current close price at the balance sheet date. \u2022 Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques with the inputs that are observable either directly or indirectly. The Group classifies derivative financial assets and liabilities as level 2 financial instruments. These instruments are valued by observable foreign exchange rates. There were no changes to the valuation technique during the period. \u2022 Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. The Group does not currently have any financial instruments in level 3. The following table presents the Group\u2019s assets and liabilities that are measured at fair value by the level in the fair value hierarchy as at the reporting date:
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2025
Financial assets measured at fair value
Short-term financial investments
4,654.9
4,654.9
\u2013
\u2013
Investment into money market funds
5,992.2
5,992.2
\u2013
\u2013
Derivative financial assets
2.5
\u2013
2.5
\u2013
Total financial assets measured at fair value
10,649.6
10,647.1
2.5
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(3.7)
\u2013
(3.7)
\u2013
Total financial liabilities measured at fair value
(3.7)
\u2013
(3.7)
\u2013
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2024
Financial assets measured at fair value
Short-term financial investments
4,033.9
4,033.9
\u2013
\u2013
Investment into money market funds
3,776.1
3,776.1
\u2013
\u2013
Derivative financial assets
1.6
\u2013
1.6
\u2013
Total financial assets measured at fair value
7,811.6
7,810.0
1.6
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(1.6)
\u2013
(1.6)
\u2013
Total financial liabilities measured at fair value
(1.6)
\u2013
(1.6)
\u2013
Contractual maturity of financial liabilities based on undiscounted cash flows:
2025 2024
\u00a3m \u00a3m
Less than 1 year
Current lease liabilities
(10.6)
(8.6)
Current borrowings
(105.0)
(209.9)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities
(17,641.5)
(14,024.5)
Between 1 and 5 years
Non-current lease liabilities
(84.7)
(16.9)
Non-current borrowings
(3.4)
(1.0)
Total financial liabilities
(88.1)
(17.9)
Current and non-current borrowings include principal and interest.", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-390": { "value": "e. Carrying amounts and fair values of financial instruments The carrying value of the Group\u2019s financial assets and liabilities by measurement basis is presented below:
2024
2025
Re-presented
1
\u00a3m \u00a3m
Financial assets at amortised cost
Non-current receivables
6.5
2.8
Current trade and other receivables
321.2
412.6
Cash at bank and in transit
7,990.6
6,703.2
Total financial assets at amortised cost
8,318.3
7,118.6
Financial liabilities at amortised cost
Non-current lease liabilities
(75.9)
(14.8)
Non-current borrowings
(98.1)
(198.4)
Current lease liabilities
(10.3)
(6.7)
Current borrowings
(1.3)
(4.3)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities at amortised cost
(17,711.5)
(14,030.2)
Financial assets at FVOCI
Short-term financial investments
4,654.7
4,033.9
Total financial assets at FVOCI
4,654.7
4,033.9
Financial assets at FVTPL
Investment into money market funds
5,992.2
3,776.1
Derivative financial instruments
2.5
1.6
Other short term investments
0.2
\u2013
Financial assets at FVTPL total
5,994.9
3,777.7
Financial liabilities at FVTPL
Derivative financial instruments
(3.7)
(1.6)
Financial liabilities at FVTPL total
(3.7)
(1.6)
1. Comparative balances have been re-presented to align the investment into money market funds with our business model to hold them for short-term liquidity. Fair value hierarchy Assets and liabilities carried at fair value or for which fair values are disclosed have been classified into three levels according to the quality and reliability of information used to determine the fair values. \u2022 Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. Products classified as level 1 predominantly comprise treasury bonds, investment grade corporate paper and money market funds. The quoted market price used for financial assets held by the Group is the current close price at the balance sheet date. \u2022 Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques with the inputs that are observable either directly or indirectly. The Group classifies derivative financial assets and liabilities as level 2 financial instruments. These instruments are valued by observable foreign exchange rates. There were no changes to the valuation technique during the period. \u2022 Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. The Group does not currently have any financial instruments in level 3. The following table presents the Group\u2019s assets and liabilities that are measured at fair value by the level in the fair value hierarchy as at the reporting date:
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2025
Financial assets measured at fair value
Short-term financial investments
4,654.9
4,654.9
\u2013
\u2013
Investment into money market funds
5,992.2
5,992.2
\u2013
\u2013
Derivative financial assets
2.5
\u2013
2.5
\u2013
Total financial assets measured at fair value
10,649.6
10,647.1
2.5
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(3.7)
\u2013
(3.7)
\u2013
Total financial liabilities measured at fair value
(3.7)
\u2013
(3.7)
\u2013
Total Level 1 Level 2 Level 3
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2024
Financial assets measured at fair value
Short-term financial investments
4,033.9
4,033.9
\u2013
\u2013
Investment into money market funds
3,776.1
3,776.1
\u2013
\u2013
Derivative financial assets
1.6
\u2013
1.6
\u2013
Total financial assets measured at fair value
7,811.6
7,810.0
1.6
\u2013
Financial liabilities measured at fair value
Derivative financial liabilities
(1.6)
\u2013
(1.6)
\u2013
Total financial liabilities measured at fair value
(1.6)
\u2013
(1.6)
\u2013
Contractual maturity of financial liabilities based on undiscounted cash flows:
2025 2024
\u00a3m \u00a3m
Less than 1 year
Current lease liabilities
(10.6)
(8.6)
Current borrowings
(105.0)
(209.9)
Current trade and other payables
(17,525.9)
(13,806.0)
Total financial liabilities
(17,641.5)
(14,024.5)
Between 1 and 5 years
Non-current lease liabilities
(84.7)
(16.9)
Non-current borrowings
(3.4)
(1.0)
Total financial liabilities
(88.1)
(17.9)
Current and non-current borrowings include principal and interest.", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-351": { "value": "Note 20. Provisions Accounting policy Provisions are liabilities where the exact timing and amount of the obligation are uncertain. Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of past events, when an outflow of resources is probable to settle the obligation and when an amount can be reliably estimated. The carrying amounts of provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate.
Legal & regulatory
provisions Tax provisions Other Total
\u00a3m \u00a3m \u00a3m \u00a3m
At 31 March 2024
2.2
10.9
2.3
15.3
Provisions charged during the year
12.0
10.9
11.2
34.2
Provisions utilised or reversed during
the year
(0.6)
(4.1)
(6.8)
(11.5)
Exchange differences
\u2013
(0.3)
\u2013
(0.3)
At 31 March 2025
13.6
17.4
6.7
37.7
Current
13.6
8.4
3.8
25.8
Non-current
\u2013
9.0
2.9
11.9
13.6
17.4
6.7
37.7
The Group recognises provisions for legal and regulatory matters that may arise as part of its operations in highly regulated global environments. The Group also recognises tax provisions where there is uncertainty around tax positions globally and works constructively with local advisors and tax authorities on these matters. Other includes property provisions in respect of the commitment to restore the Group\u2019s leased facilities to their original conditions at the end of the leasing period and commercial provisions.", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-374": { "value": "Accounting policy Provisions are liabilities where the exact timing and amount of the obligation are uncertain. Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of past events, when an outflow of resources is probable to settle the obligation and when an amount can be reliably estimated. The carrying amounts of provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-375": { "value": "
Note 21. Share capital
Allotted, called up and fully paid
As at 31 March 2025
Number of shares
Class
Nominal value, \u00a3
issued
Share capital, \u00a3
Class A Ordinary
0.01
1,025,000,252
10,250,003
Class B Ordinary
0.000 000 001
243,584,255
\u2013
Total
1,268,584,507
10,250,003
As at 31 March 2024
Number of shares
Class
Nominal value, \u00a3
issued
Share capital, \u00a3
Class A Ordinary
0.01
1,024,777,252
10,247,773
Class B Ordinary
0.000 000 001
398,889,814
\u2013
Total
1,423,667,066
10,247,773
During the year, the Company allotted 223,000 Class A Ordinary Shares with a nominal value of
\u00a30.01 related to share options granted to Non-Executive Directors of Wise under the Company\u2019s
legacy incentive plans prior to the Company\u2019s admission to trading on the London Stock
Exchange (2024: 100,000 Class A Ordinary Shares).
During the year, the Company redeemed 155,305,559 Class B Ordinary Shares with a nominal
value of \u00a30.000 000 001 in accordance with Article 15.3.2 of the Company\u2019s Articles of
Association (2024: nil).
Each Class A Ordinary shareholder is entitled to one vote for each Class A Ordinary Share
held, subject to any restrictions on total voting rights as set out in the Company\u2019s Articles of
Association. Class A Ordinary shareholders are entitled to interim or annual dividends to the
extent declared and do not hold any preferential rights to dividends. Class A Ordinary Shares
are non-redeemable.
Each Class B shareholder is entitled to nine votes for each Class B Share held, subject to any
restrictions on total voting rights as set out in the Company\u2019s Articles of Association. Class B
Shares carry no rights to distributions of dividends except on distribution of assets, up to their
nominal value, on a liquidation or winding up. Class B Shares are strictly non-transferable,
non-tradable and non-distributable to any person or entity whatsoever.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-352": { "value": "Note 21. Share capital Allotted, called up and fully paid
As at 31 March 2025
Number of shares
Class
Nominal value, \u00a3
issued
Share capital, \u00a3
Class A Ordinary
0.01
1,025,000,252
10,250,003
Class B Ordinary
0.000 000 001
243,584,255
\u2013
Total
1,268,584,507
10,250,003
As at 31 March 2024
Number of shares
Class
Nominal value, \u00a3
issued
Share capital, \u00a3
Class A Ordinary
0.01
1,024,777,252
10,247,773
Class B Ordinary
0.000 000 001
398,889,814
\u2013
Total
1,423,667,066
10,247,773
During the year, the Company allotted 223,000 Class A Ordinary Shares with a nominal value of \u00a30.01 related to share options granted to Non-Executive Directors of Wise under the Company\u2019s legacy incentive plans prior to the Company\u2019s admission to trading on the London Stock Exchange (2024: 100,000 Class A Ordinary Shares). During the year, the Company redeemed 155,305,559 Class B Ordinary Shares with a nominal value of \u00a30.000 000 001 in accordance with Article 15.3.2 of the Company\u2019s Articles of Association (2024: nil). Each Class A Ordinary shareholder is entitled to one vote for each Class A Ordinary Share held, subject to any restrictions on total voting rights as set out in the Company\u2019s Articles of Association. Class A Ordinary shareholders are entitled to interim or annual dividends to the extent declared and do not hold any preferential rights to dividends. Class A Ordinary Shares are non-redeemable. Each Class B shareholder is entitled to nine votes for each Class B Share held, subject to any restrictions on total voting rights as set out in the Company\u2019s Articles of Association. Class B Shares carry no rights to distributions of dividends except on distribution of assets, up to their nominal value, on a liquidation or winding up. Class B Shares are strictly non-transferable, non-tradable and non-distributable to any person or entity whatsoever. Note 22. Own share reserve Accounting policy Own share reserve Own share reserve represents the weighted average cost of shares of Wise plc that are held by the employee share trust for the purpose of fulfilling obligations in respect of various employee share plans. Own shares are treated as a deduction from equity, and on exercising of employee awards, are transferred from own shares to retained earnings at their weighted average cost. Employee share trust The Group provides financing to the Employee Share Ownership Plan (ESOP) Trust to either purchase the Company\u2019s shares on the open market, or to subscribe for newly issued share capital, to meet the Group\u2019s obligation to provide shares when employees exercise their options or awards. Costs of running the ESOP Trust are charged to the consolidated income statement. The Group consolidates this share trust. Shares held by the ESOP Trust are deducted from reserves and presented in equity as own shares until such time that employees exercise their awards. The consideration paid, including any directly attributable incremental costs (net of income taxes), on purchase of Company\u2019s equity instruments is deducted from equity. Purchase of own shares During the financial year, Wise continued the programme, which commenced in 2023, to purchase Wise shares in the market through the Trust in order to reduce the impact of dilution from stock-based compensation. As of 31 March 2025, a total of 8,704,883 shares (31 March 2024: 9,071,706) were purchased from the market at an average of \u00a38.21 per share (2024: \u00a37.56). Directly attributable costs of \u00a30.5m (2024: \u00a30.5m) have been charged to equity.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-391": { "value": "Note 22. Own share reserve Accounting policy Own share reserve Own share reserve represents the weighted average cost of shares of Wise plc that are held by the employee share trust for the purpose of fulfilling obligations in respect of various employee share plans. Own shares are treated as a deduction from equity, and on exercising of employee awards, are transferred from own shares to retained earnings at their weighted average cost. Employee share trust The Group provides financing to the Employee Share Ownership Plan (ESOP) Trust to either purchase the Company\u2019s shares on the open market, or to subscribe for newly issued share capital, to meet the Group\u2019s obligation to provide shares when employees exercise their options or awards. Costs of running the ESOP Trust are charged to the consolidated income statement. The Group consolidates this share trust. Shares held by the ESOP Trust are deducted from reserves and presented in equity as own shares until such time that employees exercise their awards. The consideration paid, including any directly attributable incremental costs (net of income taxes), on purchase of Company\u2019s equity instruments is deducted from equity. Purchase of own shares During the financial year, Wise continued the programme, which commenced in 2023, to purchase Wise shares in the market through the Trust in order to reduce the impact of dilution from stock-based compensation. As of 31 March 2025, a total of 8,704,883 shares (31 March 2024: 9,071,706) were purchased from the market at an average of \u00a38.21 per share (2024: \u00a37.56). Directly attributable costs of \u00a30.5m (2024: \u00a30.5m) have been charged to equity.", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-376": { "value": "Note 22. Own share reserve Accounting policy Own share reserve Own share reserve represents the weighted average cost of shares of Wise plc that are held by the employee share trust for the purpose of fulfilling obligations in respect of various employee share plans. Own shares are treated as a deduction from equity, and on exercising of employee awards, are transferred from own shares to retained earnings at their weighted average cost. Employee share trust The Group provides financing to the Employee Share Ownership Plan (ESOP) Trust to either purchase the Company\u2019s shares on the open market, or to subscribe for newly issued share capital, to meet the Group\u2019s obligation to provide shares when employees exercise their options or awards. Costs of running the ESOP Trust are charged to the consolidated income statement. The Group consolidates this share trust. Shares held by the ESOP Trust are deducted from reserves and presented in equity as own shares until such time that employees exercise their awards. The consideration paid, including any directly attributable incremental costs (net of income taxes), on purchase of Company\u2019s equity instruments is deducted from equity. Purchase of own shares During the financial year, Wise continued the programme, which commenced in 2023, to purchase Wise shares in the market through the Trust in order to reduce the impact of dilution from stock-based compensation. As of 31 March 2025, a total of 8,704,883 shares (31 March 2024: 9,071,706) were purchased from the market at an average of \u00a38.21 per share (2024: \u00a37.56). Directly attributable costs of \u00a30.5m (2024: \u00a30.5m) have been charged to equity.", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-417": { "value": "Accounting policy Own share reserve Own share reserve represents the weighted average cost of shares of Wise plc that are held by the employee share trust for the purpose of fulfilling obligations in respect of various employee share plans. Own shares are treated as a deduction from equity, and on exercising of employee awards, are transferred from own shares to retained earnings at their weighted average cost. Employee share trust The Group provides financing to the Employee Share Ownership Plan (ESOP) Trust to either purchase the Company\u2019s shares on the open market, or to subscribe for newly issued share capital, to meet the Group\u2019s obligation to provide shares when employees exercise their options or awards. Costs of running the ESOP Trust are charged to the consolidated income statement. The Group consolidates this share trust. Shares held by the ESOP Trust are deducted from reserves and presented in equity as own shares until such time that employees exercise their awards. The consideration paid, including any directly attributable incremental costs (net of income taxes), on purchase of Company\u2019s equity instruments is deducted from equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-353": { "value": "Note 23. Share-based employee compensation Accounting policy The Group operates a number of employee equity-settled schemes as part of its reward strategy, which are designed to provide long-term incentives for all employees to deliver long-term shareholder returns. Under the plans, participants are granted share awards of the Company, which vest gradually over the vesting period and are equity settled for shares within Wise plc. The maximum term of share awards granted is 10 years. The total amount to be expensed is determined by reference to the fair value of the awards granted and it is calculated using the closing share price at the grant date. It is recognised in employee benefit expenses together with a corresponding increase in equity (share-based payment reserve), over the period in which the service and the performance conditions are fulfilled (the vesting period). Upon exercise of share options, the impact is recognised in retained earnings. For non-market-based awards, vesting conditions are included in the assumptions of the number of options and awards that are expected to vest. At each reporting date, the entity revises its estimates of the number of options and awards that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the statement of comprehensive income, with a corresponding adjustment to the share-based payment reserve. For awards subject to a market-based performance condition, no subsequent adjustments may be made. Employee share award plans The awards are subject to service conditions, i.e. the requirement for recipients of awards to remain in employment with the Group over the vesting period, which typically is 4 years. Market-based awards For market-based awards, the vesting is conditional on achievement of the relative total shareholder return (TSR) compared to the FTSE 250 and volume growth performance measures over the 3-year performance period. Transactions on the share award plans during the year were as follows:
As at 31 March 2025
As at 31 March 2024
Weighted average Weighted average
exercise price per exercise price per
award, \u00a3
Number of awards
award, \u00a3
Number of awards
Beginning of year
0.08
53,590,058
0.08
65,648,858
Granted during the year
\u2013
7,547,396
\u2013
11,460,714
Exercised during the year
0.08
17,194,598
0.06
19,895,709
Forfeited during the year
0.00
3,174,878
0.01
3,623,805
End of year
0.08
40,767,978
0.08
53,590,058
Vested and exercisable as
at end of year
0.14
22,823,849
0.15
30,049,308
The share-based payment compensation expense for the year ended 31 March 2025 is \u00a358.4m (2024: \u00a372.5m). During the year \u00a366.5m (2024: \u00a354.2m) of share-based payments were vested and exercised and were recycled to retained earnings. Share awards outstanding at the end of the year have the following expiry dates and exercise prices:
Expiry date range Weighted Number of Number of
Grant date range 12 months 12 months ended average awards as at awards as at
ended 31 March 31 March exercise price 31 March 2025 31 March 2024
2015
2025
\u2013
\u2013
221,193
2016
2026
0.12
552,139
1,267,842
2017
2027
0.14
855,482
1,498,924
2018
2028
0.07
1,605,370
2,823,387
2019
2029
0.08
4,662,246
6,430,466
2020
2030
0.12
5,734,556
8,376,895
2021
2031
0.06
2,901,394
5,036,241
2022
2032
\u2013
4,106,746
5,807,083
2023
2033
\u2013
7,921,600
12,120,478
2024
2034
\u2013
5,959,031
10,007,549
2025
2035
\u2013
6,469,414
\u2013
Total
40,767,978
53,590,058
Weighted average remaining contractual life of options
outstanding at end of year
6.4 years
6.8 years
The weighted average share price at the date of exercise for share options exercised in 2025
was \u00a38.71 (2024: \u00a37.15).
Valuation of share awards
The assessed fair value at the grant date of share awards granted during the year ended
31 March 2025 was \u00a38.58 per option on average (2024: \u00a36.52). The fair value of the share
awards granted is calculated using the closing share price at the grant date.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-418": { "value": "Accounting policy The Group operates a number of employee equity-settled schemes as part of its reward strategy, which are designed to provide long-term incentives for all employees to deliver long-term shareholder returns. Under the plans, participants are granted share awards of the Company, which vest gradually over the vesting period and are equity settled for shares within Wise plc. The maximum term of share awards granted is 10 years. The total amount to be expensed is determined by reference to the fair value of the awards granted and it is calculated using the closing share price at the grant date. It is recognised in employee benefit expenses together with a corresponding increase in equity (share-based payment reserve), over the period in which the service and the performance conditions are fulfilled (the vesting period). Upon exercise of share options, the impact is recognised in retained earnings. For non-market-based awards, vesting conditions are included in the assumptions of the number of options and awards that are expected to vest. At each reporting date, the entity revises its estimates of the number of options and awards that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the statement of comprehensive income, with a corresponding adjustment to the share-based payment reserve. For awards subject to a market-based performance condition, no subsequent adjustments may be made. Employee share award plans The awards are subject to service conditions, i.e. the requirement for recipients of awards to remain in employment with the Group over the vesting period, which typically is 4 years. Market-based awards For market-based awards, the vesting is conditional on achievement of the relative total shareholder return (TSR) compared to the FTSE 250 and volume growth performance measures over the 3-year performance period. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-354": { "value": "
Note 24. Cash generated from operating activities
2025 2024
Note(s) \u00a3m \u00a3m
Cash generated from operations
Profit for the year
416.7
354.6
Adjustments for:
Depreciation, impairment of PPE and amortisation
7,12,13
29.9
18.3
Non-cash share-based payments expense
58.4
72.5
Foreign currency exchange differences
0.4
21.5
Current tax expense
10
148.1
126.8
Adjustment for interest income and expense
(612.2)
(484.6)
Fair value gain/loss on financial assets at FVOCI
\u2013
0.3
Effect of other non-monetary transactions
(0.5)
2.1
Changes in operating assets and liabilities:
Decrease/(increase) in prepayments and receivables
11.4
(119.2)
Increase in trade and other payables
58.9
58.0
Decrease/(increase) in receivables from customers and
payment processors
56.8
(72.7)
(Decrease)/increase in liabilities to customers, payment processors
and deferred revenue
(104.5)
228.6
Increase in Wise accounts
4,073.8
2,788.7
Cash generated from operations
4,137.2
2,994.9
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-377": { "value": "
Note 25. Commitments and contingencies
The Group\u2019s minimum future payments from non-cancellable agreements as at year end are
detailed below:
2025 2024
\u00a3m \u00a3m
Infrastructure subscriptions
No later than 1 year
24.2
34.3
Later than 1 year and no later than 5 years
40.8
64.3
Total
65.0
98.6
Significant capital expenditure contracted
No later than 1 year
1.4
0.6
Later than 1 year and no later than 5 years
8.4
27.7
Later than 5 years
12.9
55.5
Total
22.7
83.8
The Group does not have any other material commitments, capital commitments or
contingencies as at 31 March 2025 and 31 March 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-392": { "value": "Note 25. Commitments and contingencies The Group\u2019s minimum future payments from non-cancellable agreements as at year end are detailed below:
2025 2024
\u00a3m \u00a3m
Infrastructure subscriptions
No later than 1 year
24.2
34.3
Later than 1 year and no later than 5 years
40.8
64.3
Total
65.0
98.6
Significant capital expenditure contracted
No later than 1 year
1.4
0.6
Later than 1 year and no later than 5 years
8.4
27.7
Later than 5 years
12.9
55.5
Total
22.7
83.8
The Group does not have any other material commitments, capital commitments or contingencies as at 31 March 2025 and 31 March 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-355": { "value": "Note 25. Commitments and contingencies The Group\u2019s minimum future payments from non-cancellable agreements as at year end are detailed below:
2025 2024
\u00a3m \u00a3m
Infrastructure subscriptions
No later than 1 year
24.2
34.3
Later than 1 year and no later than 5 years
40.8
64.3
Total
65.0
98.6
Significant capital expenditure contracted
No later than 1 year
1.4
0.6
Later than 1 year and no later than 5 years
8.4
27.7
Later than 5 years
12.9
55.5
Total
22.7
83.8
The Group does not have any other material commitments, capital commitments or contingencies as at 31 March 2025 and 31 March 2024", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-356": { "value": "
Note 26. Transactions with related parties
Related parties of the Group and Wise plc include subsidiaries, key management personnel
(KMP), close family members of KMP and entities that are controlled or jointly controlled by
KMP or their close family members. Wise identifies the Board of Directors as KMP.
Balances and transactions between the Company and its subsidiaries, which are related parties,
have been eliminated on consolidation and are not disclosed in this note.
Details of the Directors\u2019 remuneration and interest in shares are disclosed in the
Remuneration Report. Additional information for key management compensation and
particulars of transactions with related parties are presented below, in accordance with
IAS 24 Related Party Disclosures requirements.
2025 2024
\u00a3m \u00a3m
Compensation of KMP of the Group
Short-term employee benefits
0.5
0.6
Share-based payment expense
0.8
0.8
Non-Executive Directors\u2019 fees
1.2
1.2
Total compensation paid to key management personnel
2.5
2.6
Short-term employee benefits include salaries for KMP. Refer to the Remuneration Report for the
remuneration of each Director.
Share-based payment expense is related to employee share option plans (more information
about the plans is provided in note 23).
In the financial year ended 31 March 2025, the KMP of the Group held deposits of \u00a34.7m
(financial year ended 2024: 5.6m) in Wise accounts or Wise Assets.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-393": { "value": "Note 26. Transactions with related parties Related parties of the Group and Wise plc include subsidiaries, key management personnel (KMP), close family members of KMP and entities that are controlled or jointly controlled by KMP or their close family members. Wise identifies the Board of Directors as KMP. Balances and transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note. Details of the Directors\u2019 remuneration and interest in shares are disclosed in the Remuneration Report. Additional information for key management compensation and particulars of transactions with related parties are presented below, in accordance with IAS 24 Related Party Disclosures requirements.
2025 2024
\u00a3m \u00a3m
Compensation of KMP of the Group
Short-term employee benefits
0.5
0.6
Share-based payment expense
0.8
0.8
Non-Executive Directors\u2019 fees
1.2
1.2
Total compensation paid to key management personnel
2.5
2.6
Short-term employee benefits include salaries for KMP. Refer to the Remuneration Report for the remuneration of each Director. Share-based payment expense is related to employee share option plans (more information about the plans is provided in note 23). In the financial year ended 31 March 2025, the KMP of the Group held deposits of \u00a34.7m (financial year ended 2024: 5.6m) in Wise accounts or Wise Assets.", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-378": { "value": "Note 26. Transactions with related parties Related parties of the Group and Wise plc include subsidiaries, key management personnel (KMP), close family members of KMP and entities that are controlled or jointly controlled by KMP or their close family members. Wise identifies the Board of Directors as KMP. Balances and transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note. Details of the Directors\u2019 remuneration and interest in shares are disclosed in the Remuneration Report. Additional information for key management compensation and particulars of transactions with related parties are presented below, in accordance with IAS 24 Related Party Disclosures requirements.
2025 2024
\u00a3m \u00a3m
Compensation of KMP of the Group
Short-term employee benefits
0.5
0.6
Share-based payment expense
0.8
0.8
Non-Executive Directors\u2019 fees
1.2
1.2
Total compensation paid to key management personnel
2.5
2.6
Short-term employee benefits include salaries for KMP. Refer to the Remuneration Report for the remuneration of each Director. Share-based payment expense is related to employee share option plans (more information about the plans is provided in note 23). In the financial year ended 31 March 2025, the KMP of the Group held deposits of \u00a34.7m (financial year ended 2024: 5.6m) in Wise accounts or Wise Assets.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-357": { "value": "
Note 27. Post balance sheet events
The Board has concluded its review of the Group\u2019s listing arrangements and, having assessed
in detail the optimal listing and structure, the Group intends to transfer its primary listing from
the equity shares (transition) category on the London Stock Exchange (\u201cLSE\u201d) to a US stock
exchange, and to maintain a secondary listing on the LSE. This would allow the Group\u2019s shares
to trade on both a US stock exchange and the LSE.
No other material post balance sheet events have been identified.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:213800LD9XCHIC1C4V71", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } } } }