24th Jul 2025 14:50
Boku Inc - San Francisco, California-based mobile payment service provider - Names new board chair, as it says revenue and adjusted earnings both grow strongly in the first half of 2025. Boku says revenue in the six months that ended June 30 is above USD63 million, up 34% from USD47.3 million a year before, or up 37% at constant currency rates. Adjusted earnings before interest, tax, depreciation and amortisation is at least USD21 million, up 50% from USD14.2 million, giving an adjusted Ebitda margin of about 33%, up from 30.1%. Underlying organic revenue growth is 27% in the first half, or 29% at constant currency, and Boku thinks this pace will continue in the second half. This implies, it says, full-year revenue ahead of market consensus, which forecasts USD119.7 million in revenue and USD38.3 million in adjusted Ebitda for the full year.
Own cash stands at USD87 million on June 30, up from USD80.2 million on December 31 and USD75.2 million a year before.
Boku appoints Richard Pennycook as non-executive chair, starting on August 1. He replaces Richard Hargreaves, who has chaired Boku since June 2022. Pennycook is chair of On the Beach Group PLC and previously was chair of Howden Joinery Group PLC. Until 2017, he was chief executive officer of Co-Operative Group.
Current stock price: 222.50 pence, up 7.0% in London on Thursday
12-month change: up 26%
By Tom Waite, Alliance News editor
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