Boku launches buyback as profit balloons amid 30% revenue increase

Boku Inc on Tuesday announced a share buyback as annual profit more than trebled amid strong sales growth.

The San Francisco, California-based mobile payment service provider said pretax profit soared to $19.6 million in 2025 from $6.2 million the year prior.

Revenue grew 30% to $128.8 million from $99.3 million, or by 29% at constant currency.

Direct Carrier billing increased 9.0% to $70.4 million from $64.6 million.

Digital Wallets & Account to Account revenue jumped 67% to $43.5 million from $26.0 million.

Bundling revenue grew 71% to $14.9 million from $8.7 million.

Adjusted earnings before interest, tax, depreciation and amortisation rose 36% to $41.3 million from $30.3 million at a margin of 32.1% versus 30.5% a year ago.

Chief Executive Stuart Neal said Boku ‘capitalised on our position at the centre of the structural shift towards local payment methods.’

Monthly active users in December were up 31% to 114.4 million from 87.1 million the year before.

Total payment volume increased 27% to $15.7 billion from $12.4 billion, or by 25% at constant currency.

Looking ahead, Boku expects organic revenue growth exceeding 20% on a compound annual growth rate basis over the medium term. It also expects an adjusted Ebitda margin exceeding 30% with progressive accretion from 2026.

‘We enter 2026 with great momentum, a clear strategy and a strong financial position that provides the flexibility to support substantial long-term growth,’ CEO Neal added.

No dividends were declared or paid in 2025, unchanged year-on-year.

But Boku said it planned to buyback around 4.0 million shares as it believes that the current share price ‘undervalues’ the company.

Shares in Boku jumped 7.7% to 177.20 pence each in London on Tuesday morning.

Boku said the buyback, which at Tuesday’s share price would be worth around £7.1 million, represents a ‘good investment opportunity and effective use of our growing own-cash balances, as well as reaffirming our belief in the company’s long term growth plan.’

The programme will be effective from Tuesday and will expire at the end of September.

Boku will then decide whether or not to commence a further buyback programme, within its authority to repurchase up to 5% of shares.

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