Boku Inc (LON: BOKU), a global network of local payment solutions, has announced the following unaudited trading update for the financial year ended 31 December 2024.
Financial Highlights
· Group revenue for 2024 is expected to be in excess of $99 million, representing growth of c.20% compared to $82.7 million in the prior year. This represents c.24% growth on a constant currency* basis.
· Adjusted EBITDA** is anticipated to be in excess of $31 million, up c.22% on the prior year (2023: $25.8 million), reflecting a margin of approximately 31.7%, in line with our commitment to maintain the adjusted EBITDA margin above 30% while we invest in our products and infrastructure.
· Total Group cash of approximately $177 million at 31 December 2024, up from $150.9 million at 31 December 2023.
· Of total group cash, Boku’s own cash was approximately $80 million at 31 December 2024 (2023: $70.4 million) and includes the impact of the repurchase of 4.7 million shares in the year at a cost of $10.7 million.
Operational Highlights
· The financial performance in 2024 has been driven by expanded access for the Group’s merchants to a growing global user base, facilitated by an increasing number of relevant local payment method connections.
