Business
Results for the year ended 31 December 2024
Results for the year ended 31 December 2024.
About this update from Boku, Inc.
[{"type":"text","content":"\n\nThis announcement contains inside information\n \n18 March 2025\n \nBoku, Inc.\n \n(\"Boku\", the \"Company\" or the \"Group\")\n \nAudited Results for the year ended 31 December 2024\n \nDelivered robust revenue and adjusted EBITDA growth while strategically investing in future business growth\n \nExpecting medium term organic revenue growth exceeding 20% (CAGR) and adjusted EBITDA margin of greater than 30% accreting from 2026\n \nBoku (AIM: BOKU), a global network of localised payment solutions, is pleased to announce its audited results for the year ended 31 December 2024 (\"FY 2024\").\n \n\n\n\n\nFinancial Highlights\n\n\nFY 2024\n\n\nFY 2023\n\n\n% change\n\n\n\n\n \n\n\n$'000\n\n\n$'000\n\n\n \n\n\n\n\nDCB Revenue\n\n\n73,322\n\n\n66,100\n\n\n+11%\n\n\n\n\nOther LPM Revenue\n\n\n25,951\n\n\n16,620\n\n\n+56%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal Revenue\n\n\n99,273\n\n\n82,720\n\n\n+20%\n& +24% at CER1\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA1 \n\n\n31,412\n\n\n25,799\n\n\n+22%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA Margin1 \n\n\n31.6%\n\n\n31.2%\n\n\n+4bps\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating Profit\n\n\n6,156\n\n\n9,716\n\n\n-37%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nCash Balances\n\n\n177,333\n\n\n150,859\n\n\n+18%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nAverage Cash Balances1 \n\n\n153,941\n\n\n131,665\n\n\n+17%\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nOwn Cash1 \n\n\n80,249\n\n\n72,919\n\n\n+10%\n\n\n\n\n \nFinancial Highlights\n \n\n\n\n\n· \n\n\nTotal Group revenues increased organically by 20% to $99.3 million (FY 2023: $82.7 million), or c.24% on a constant exchange rate basis.1 \n \n\n\n\n\n· \n\n\nDirect Carrier Billing (\"DCB\") 2 revenues grew by 11% to $73.3 million (FY 2023: $66.1 million), representing 7% growth in DCB payments2 and c.50% growth in DCB bundling2.\n \n\n\n\n\n· \n\n\nRevenue from other Local Payment Methods (\"LPMs\") 2 - Digital Wallets2 and Account to Account schemes (\"A2A\") 2 - increased by 56% to $26.0m (FY 2023: $16.6m) accounting for 26% of total revenues (FY 2023: 20%). Other LPM revenue contributed 27% of total reve...