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AIM WINNERS & LOSERS: Tap Global narrows annual loss

ALN

The following stocks are the leading risers and fallers on AIM on Friday.

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AIM - WINNERS

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Boku Inc, up 6.0% at 222.5 pence, 12-month range 148.5p-249p. Launches a share buyback of up to 5% of its stock, saying the company’s board believes the current valuation undervalues the business. The San Francisco, California-based mobile payment service provider says its board has authorised the repurchase of up to 4 million shares, with the programme running until April 30 unless completed earlier. Shares bought will be held in treasury, and Boku has appointed Investec to conduct the buyback.

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AIM - LOSERS

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Tap Global Group PLC, down 19% at 1.9p, 12-month range 3.3p-0.825p. Reports narrower annual losses, rising revenue and user growth, while announcing the resignation of its chief financial officer. The London-based operator of cryptocurrency payment and settlements app says pretax loss for the year to June 30 narrowed to £5.7 million from £18.2 million, helped by a reduced goodwill impairment of £4.7 million versus £15.9 million a year earlier. Revenue rose 31% to £3.5 million from £2.6 million, with registered users increasing to 391,000, up from 368,844. Tap says it now has a ‘clear pathway to monetising the infrastructure’ it has built and will focus in financial 2026 on converting platform capabilities into long-term recurring value. CEO Arsen Torosian says: ‘With payment integration complete and our AIM listing providing enhanced visibility and access to capital, we will prioritise the commercial scaling of our B2B vertical and accelerate initiatives aimed at increasing ’Primary Account’ adoption across our 390,000 [plus] registered users. These programmes are expected to support sustained revenue growth, improved operating leverage and deeper engagement across both retail and institutional segments.’ CFO Steven Borg will step down on January 9, with Andrew Milmine appointed as head of finance.

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