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Boku Inc on Tuesday reported ‘a strong first half performance’ and predicted full-year results in line with current market consensus. The San Francisco, California-based mobile payment service provider reported $63.3 million in total revenue for the six months ended June 30, climbing 34% from $47.3 million a year before. Revenue was up 36% at constant exchange rates. Boku noted that around $3 million of total group revenue relates to specific launch phase pricing during the first half, which it does not expect to recur in the second half. Excluding this, Boku said underlying revenue increased 27%, or 29% at constant currency. Boku swung to a pretax profit of $10.7 million for the half year, against a $2.2 million loss a year before. Adjusted earnings before interest, tax, depreciation and amortisation, which excludes some non-cash and non-recurring items, rose 53% to $21.8 million from $14.2 million. ‘Boku’s strong momentum in the first half of 2025 reflects both the trust we’ve built with the world’s largest tech giants and the scale of our global network - driven by consistent execution, resilient infrastructure, and a seamless localised payments experience,’ commented Chief Executive Officer Stuart Neil. ‘As merchants expand across both mature and emerging markets, the rapid rise of digital wallets and account-to-account schemes underscores the accelerating shift beyond traditional card networks toward more flexible, mobile native local payment methods.’ Boku proposed no interim dividend, unchanged from the prior year. Looking ahead, Boku expects full-year revenue and adjusted Ebitda in line with consensus. As of Monday, consensus expectations were for revenue of $126.7 million and adjusted Ebitda of $39.3 million. These would be up from $99.3 million and $31.4 million in 2024. ‘With a strong first half behind us and a positive start to H2, we remain firmly on track to meet expectations for the full year, as well as previously announced medium-term guidance of delivering organic revenue growth exceeding 20% on a compound annual growth rate basis and sustaining adjusted EBITDA margins above 30%,’ Neil said. ‘We look forward to sharing more on how our platform, innovation pipeline, and value-added services will drive our long-term growth journey to becoming the world’s best localised payments partner for global commerce at our Capital Markets Event in October.’ Shares in Boku were 2.4% lower at 222.50 pence in London on Tuesday morning. The stock has risen 38% over the last six months, and 37% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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