Banqup Group · EURONEXT:BANQ
Banqup — H1 2025 Earnings Presentation
16 slides from Banqup's earnings presentation, Aug 26, 2025
Slide 1: H1 2025 Financial Results
H1 2025 Financial Results Nicolas de Beco, CEO Koen de Brabander, CFO 26 August 2025
Slide 2: Disclaimers
Disclaimers Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Unifiedpost Group and the markets in which it i
Slide 3: Agenda
Agenda Slides Introductory Remarks Nicolas de Beco 04 H1 2025 financial review Koen de Brabander 08 Looking ahead Nicolas de Beco 12 Q&A 3
Slide 4: Introductory Remarks
Introductory Remarks Nicolas de Beco, CEO
Slide 5: Progressing on strategic priorities to support the growth of core digital services
Progressing on strategic priorities to support the growth of core digital services Market Customer Product/GTM Focusing on core European geographies Driving customer acquisition through Go-to-market readiness; leveraging our where regulatory requirements are partnerships network to upsell and embed
Slide 6: Banqup's platform is positioned to capitalise on the regulatory wave across key geographies
Banqup’s platform is positioned to capitalise on the regulatory wave across key geographies Successfully closed • Acceleration in market activity to align with upcoming mandatory B2B e- partnership agreements to Belgium invoicing starting in 2026 & new centralised e-reporting requirements strengthen
Slide 7: Key H1 2025 highlights for continuing operations
Key H1 2025 highlights for continuing operations1 Total Digital services Org.3 subscription revenue2 revenue2 revenue growth €31,8m €23,1m 20,6% Digital services Net financial debt EBITDA4 position gross margin2 58,0% € -6,4m €24,7m 1Excludes discontinued operations: 21grams, UK print business and B
Slide 8: Financial review
Financial review Koen De Brabander
Slide 9: H1 2025 performance reflects solid growth in Digital Services
H1 2025 performance reflects solid growth in Digital Services Continuing1 operations (€m) H1 2025 H1 2024 Change (%) Group revenue and income from client money 31,8 35,2 -9,5% Digital Services revenue 23,1 22,4 +3,4% Subscription 7,4 6,6 +10,9% - of which organic2 7,4 6,1 +20,6% Transaction3 10,1 9,
Slide 10: Cost and Capex YoY evolution (continuing operations)
Cost and Capex YoY evolution (continuing¹ operations)2 Total OPEX (EUR m) Total Capex (EUR m) Total Capex Total Opex H1 2025 5,0 3,4 8,7 H1 2025 9,1 14,3 7,9 31,3 0,3 0,0% -3,4% H1 2024 5,5 3,0 8,7 H1 2024 8,9 15,1 8,4 32,4 0,2 Banqup-Doc Banqup-Pay PPE R&D G&A S&M • OPEX decreased by 3,4% YoY (€ 1,
Slide 11: Banqup cash flow statement reflects progress on divestments of non-core services
Banqup cash flow statement reflects progress on divestments of non-core services Cash flow position (EUR m) Equity position (EUR m) 14,9 148,3 3,7 125,6 17,1 0,1 14,5 -0,3 -5,4 -0,3 -1,1 -26,2 -5,5 Cash at 31 CF CF Investing CF Financing FX impact Cash Cash at 30 Equity at 31 Dec Gain of the OCI Div
Slide 12: Looking Ahead
Looking Ahead Nicolas de Beco
Slide 13: Reiterating FY 2025 objectives
Reiterating FY 2025 objectives Organic Subscription Free Cashflow1 Revenue Growth FY 2025 guidance ~25% +ve by end of 2025 Guidance based on the current reporting structure with improvements expected gradually over the course of the year ¹ Free cash flow is defined as net income (i) plus non-cash it
Slide 14: Appendix: Financials
Appendix: Financials Koen De Brabander
Slide 15: Divestments: Presentation of our financial position and income statement according to IFRS
Divestments: Presentation of our financial position and income statement according to IFRS Identity 21grams New Image doo FitekIN Onea wholesale Technobiro doo Print Business Print Business Nordics Serbia BE / Baltics business Serbia UK Belgium Netherlands Impact on financial position H1 2024 Q3 202
Slide 16: Q&A
a banqup Q&A