Bango reports strong interim results with 20% recurring revenue growth and 66% increase in adjusted EBITDA.

Bango reported a 20% growth in recurring revenue and a 66% increase in adjusted EBITDA for H1 2025, driven by growth across its transactional payments and subscription bundling businesses. Core transactional payment routes increased by 10% YoY. CEO Paul Larbey and CFO Matt Wilson discussed the company's growth, commercial strategy, and outlook for FY 2026, with a focus on reducing net debt, maintaining profitability, and generating cash.

Bango (AIM: BGOPF) has released its interim results for H1 2025, showcasing robust financial performance and strategic advancements. The company reported a 20% increase in recurring revenue and a 66% growth in adjusted EBITDA, driven by strong performance across its transactional payments and subscription bundling businesses Interim Results for the six months ended 30 June 2025^[1].

Total revenue for the period increased by 5% to $25.2 million, while Adjusted EBITDA grew to $6.7 million, a significant improvement from the previous year. The company also reported a reduced net loss of $3.2 million, down from $4.2 million in H1 2024. This financial strength was underpinned by a 10% year-over-year (YoY) growth in core transactional payment routes.

Key operational highlights include doubling active subscriptions to 19.2 million through their Digital Vending Machine (DVM), securing 7 new DVM customers, and expanding into new markets such as South Korea and Japan. The company has also completed the DOCOMO Digital routes migration and established strategic partnerships with major telcos, including DISH TV and MTN.

Paul Larbey, Chief Executive Officer of Bango, commented on the company's performance, "Bango has delivered a strong first half in 2025, making significant progress towards becoming the place where people subscribe. Adjusted EBITDA grew by 66% and Annual Recurring Revenue increased by 20% year-on-year. The Digital Vending Machine continues to gain momentum, managing over 19 million active subscriptions at the end of June – twice the number at the same point last year."

Looking ahead to FY 2026, Bango aims to reduce net debt, maintain profitability, and generate significant cash. The company expects to benefit from operational efficiencies and the integration of DOCOMO Digital, which has been completed. The launch of the Super Bundling platform and the deployment of the new DVM CX by Altice in the US further strengthen Bango's position as the standard platform for subscription bundling.

Bango's gross profit margin improved to 84.3%, up from 80.8% the previous year, while net debt increased to $7.3 million from $5.1 million. The company maintains strong customer retention with zero churn in DVM customers and expects significant cash generation in 2026.

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Interim Results for the six months ended 30 June 2025^[1] https://www.stocktitan.net/news/BGOPF/interim-results-for-the-six-months-ended-30-june-5l8ty4zi3n1f.html