Business
Results for the year ended 31 December 2021
Results for the year ended 31 December 2021.
About this update from Boku, Inc.
[{"type":"text","content":"\n \n \n \n RNS Number : 3121G\n Boku Inc\n 29 March 2022\n \n \n \n 29 March 2022\n \n Boku Inc.\n (\"Boku\", the \"Company\" or the \"Group\")\n \n Results for the year ended 31 December 2021\n \n Boku (AIM: BOKU), a leading provider of mobile payment solutions, is pleased \n to announce its audited results for the year ended 31 December 2021.\n \n Group Financial Highlights\n \n \n \n \n \n · \n \n \n \n Group revenues increased by 23% to $69.2 million (2020: $56.4 million**)\n \n \n \n \n \n · \n \n \n \n Group Adjusted EBITDA* up 31% to $20.0 million (2020: $15.3 million) \n \n \n \n \n \n · \n \n \n \n Net Profit before tax of $4.4 million (2020: $17.3 million loss)\n \n \n \n \n \n · \n \n \n \n Closing cash balances were $62.4 million at 31 December 2021 (including restricted cash balances of $5.8 million) up from $48.6 million on 30 June 2021\n \n \n \n \n \n · \n \n \n \n Monthly average cash balances, which smooth the impact of intra-month flows of both carrier and merchant payments, were $50.8 million in December 2021 up from $38.0 million in June 2021\n \n \n \n \n \n · \n \n \n \n Cash generated from Operations before working capital changes during the year was $19.5 million (2020: $11.5 million)\n \n \n \n \n \n Payments division highlight\n \n \n \n \n \n · \n \n \n \n Payments division revenues up 21% to $62.1 million (2020: $51.2 million**)\n \n \n \n \n \n · \n \n \n \n Payments division Adjusted EBITDA* of $22.9 million (2020: $19.2 million)\n \n \n \n \n \n · \n \n \n \n Monthly Active Users grew by 3.5 million to 32.3 million in December 2021 (December 2020: 28.8 million)\n \n \n \n \n \n · \n \n \n \n Total Payment Volume*** (\"TPV\") up 18% to $8.2 billion in 2021 compared to $6.9 billion in 2020\n \n \n \n \n \n · \n \n \n \n Continued progress in building out Boku's mobile first payments network 'M1ST' which now reaches over seven billion end user accounts. Four billion of those are Direct Carrier Billing connections, three billion are from other payment methods like eWallets and Real Time Payments.\n \n \n \n \n \n Identity division highlight\n \n \n \n \n \n · \n \n \n \n Identity business sold to Twilio after year end for up to $32.3 million on 28 February 2022. Cash receipts of $26.2 million received with balance due in 2023, contingent on the delivery of certain p...