Boku, Inc. · LSE:BOKU

Boku — H1 2026 Earnings Presentation

26 slides from Boku's earnings presentation, Sep 23, 2026

  1. Slide 1: 2026 Interim Results

    23 September 2026 2026 Interim Results For the half year ended 3 0 June 2026 © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc.

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements Certain statements contained in this report constitute "forward-looking statements." Forward-looking statements provide Boku’s current expectations of future events and trends based on certain assumptions and include any statement that does not directly relate to any curre

  3. Slide 3: Significant strategic progress and resilient financial performance

    Significant strategic progress and resilient financial performance Stuart Neal, CEO Rob Whittick, CFO 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 3

  4. Slide 4: Significant strategic progress and resilient financial performance

    Significant strategic progress and resilient financial performance 11% underlying revenue Significant strategic H1 2026 impacted by growth & ~29% adjusted progress three factors EBITDA Margin • First channel partnership signed with Stripe, • Delays to new market launches in H1 for a with merchants a

  5. Slide 5: Remain well positioned for a compelling market opportunity

    Remain well positioned for a compelling market opportunity Structural shift to LPMs Unique global LPM network trusted by Significant growth potential global merchants • Significant growth of addressable merchant base • LPMs expected to be ~60% of global • Single integration to over 200 LPMs with wit

  6. Slide 6: Financial Highlights

    Financial Highlights Rob Whittick, CFO 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 6

  7. Slide 7: H1 2026 performance: Headline and underlying metrics

    H1 2026 performance: Headline and underlying metrics Underlying metrics exclude $3.4m of launch phase pricing in H1 2025 Revenue Adjusted EBITDA Adjusted EBITDA Margin Headline Headline Headline +5% (+4% CER**) - 10% - 4.9pp $66.5m Underlying* $19.6m Underlying* 29.4% Underlying* +11%(+10% CER**) +7

  8. Slide 8: Continuing to scale the network for our merchants

    Continuing to scale the network for our merchants Growth continues with new and existing merchants • TPV up 16% on H1 2025 (+16% increase on a CER basis) Total Payment Volume (TPV) ($ billions) +16% +16% • 10 new LPMs added to the network in the period CER • 47 new payment connections delivered for

  9. Slide 9: Revenue base continues to grow and diversify

    Revenue base continues to grow and diversify Revenue growth by product Revenue ($ millions) +11%* +10% CER • Group revenue of $66.5m, up 11% on an underlying basis (+10% CER), excluding $3.4m launch -phase pricing in H1 2025. Headline growth +5% (+4% CER), reflecting three isolated first-half factor

  10. Slide 10: Prior years investments in the platform benefitting EBITDA

    Prior years investments in the platform benefitting EBITDA Adjusted EBITDA Operating Profit • Adjusted EBITDA of $19.6m, +7% on an underlying basis (H1 2025 underlying: $18.4m), at a • Operating profit of $4.8m (H1 2025: $11.9m; underlying $8.5m) 29.4% margin (H1 2025 underlying: 30.6%) • Share -bas

  11. Slide 11: $23.6m returned to shareholders via buybacks

    $23.6m returned to shareholders via buybacks Group to Own Cash Walk ($ millions) Group Cash to Own Cash +169.4 +16.0 • Group cash includes amounts due from issuers and merchants and amounts due to merchants; own cash excludes the effects of these items • Group cash balances reduced to $186.8m (FY 20

  12. Slide 12: FY26 guidance unchanged

    FY26 guidance unchanged FY26 Revenue FY26 Adjusted EBITDA $135- 142m $38 - 42m 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 12

  13. Slide 13: Strategic Update

    Strategic Update Stuart Neal, CEO 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 13

  14. Slide 14: H1 2026 recap on our growth strategy

    H1 2026 recap on our growth strategy Deepen Diversify Drive Build the Merchant Revenues Scalability Platform of Partnerships the Future • Support geographic • Win new merchants in • Accelerate time to • Bring more currency expansion new segments revenue through conversion in -house • Cross -border m

  15. Slide 15: Facilitating growth for our merchants and creating revenue potential

    Facilitating growth for our merchants and creating revenue potential Deepen Merchant Partnerships Diversify Revenues • Connections launched in 2025 contributed ~ 2.5% of H1'26 revenue, up • Live with Stripe as our first channel partner, with merchants already from ~ 1.5% in FY25, as the cohort conti

  16. Slide 16: Channel strategy allows Boku to serve millions of merchants

    Channel strategy allows Boku to serve millions of merchants How the channel partner strategy works Boku is the LPM-acquiring layer behind the channel partner: it connects once and relies on the partner’s merchant onboarding, KYC and risk & compliance Single Connection Boku existing LPM Channel partn

  17. Slide 17: Drive scalability & Build the platform of the future

    Drive scalability & Build the platform of the future Drive scalability Build the platform of the future • Continue to develop our straight -through processing capabilities and • Singapore Innovation Hub running pilots on exciting new technology other automation features to enhance merchant experienc

  18. Slide 18: Leadership to execute our strategy

    Leadership to execute our strategy Stuart Neal Rob Whittick Leila Kassner Keegan Flanigan Paul Jarrett Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Technology Officer Chief Banking & Treasury Officer Liam Mulvihill David Oliver Peter Klein Karim Ahmad Chief HR Office

  19. Slide 19: Key takeaways

    Key takeaways Resilient H1 2026 Significant Substantial market FY26 guidance financial strategic progress opportunity maintained performance Launch of channel Strong competitive Post -period end trading Underlying revenue up strategy and position rooted in high - in line with expectations. 11% and ~

  20. Slide 20: Questions

    Questions 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 20

  21. Slide 21: Appendices

    Appendices 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 21

  22. Slide 22: Consolidated statement of profit and loss and other comprehensive income

    Consolidated statement of profit and loss and other comprehensive income For the half year ended 30 June 2026 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 22

  23. Slide 23: Consolidated statement of financial position

    Consolidated statement of financial position As at 30 June 2026 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 23

  24. Slide 24: Consolidated statement of cash flows

    Consolidated statement of cash flows For the half year ended 30 June 2026 2026 Interim Results © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc. 24

  25. Slide 25: Leadership to execute our strategy

    Leadership to execute our strategy Stuart Neal Rob Whittick Leila Kassner Keegan Flanigan Paul Jarrett Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Technology Officer Chief Banking & Treasury Officer Liam has over 20 years’ Dave joined Boku in 2024 Peter has over 25

  26. Slide 26: © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is

    © 2026 Boku Inc. All rights reserved • PROPRIETARY AND CONFIDENTIAL • ‘Boku’ is a registered trademark of Boku, Inc.

Boku — H1 2026 Earnings Presentation on 6ix