Bango loss widens amid higher costs; 'excited' by growing base
Bango PLC on Monday said it had a growing base of blue-chip customers as it reported higher revenue and adjusted earnings, however statutory loss widened amid higher costs.
The Cambridge-based digital payments firm said pretax loss widened to $3.6 million in the first half of 2025 from $3.4 million a year ago.
Adjusted earnings before interest, tax, depreciation and amortisation rose 66% to $6.7 million from $4.0 million
Revenue climbed 4.9% to $25.2 million from $24.1 million, with annual recurring revenue 20% higher at $15.6 million from $13.0 million. Cost of sales decreased 4.9% to $4.0 million from $4.6 million, while administrative costs increased 3.4% to $24.6 million from $23.8 million.
Exceptional items cost ballooned to $1.8 million from $306,000, while amortisation costs increased 22% to $6.1 million from $5.0 million.
Chief Financial Officer Matt Wilson said: ‘From financial year 2026 onwards we expect materially higher cash Ebitda generation, reflecting the structural improvements to our cost base and growing annual recurring revenue. This positions Bango well for sustainable long-term growth and we look to the future with confidence.’
Chief Executive Officer Paul Larbey said: ‘I am excited by our growing base of blue-chip customers and encouraged by their expanding application of the Bango Digital Vending Machine to power a varied and compelling range of bundled offers. Bango is well positioned to deliver scalable, profitable growth and to capture the expanding global opportunity in subscription bundling.’
Bango shares fell 11% to 104.45 pence each on Monday afternoon in London.
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