Proactive - Interviews for investors

Bango CEO discusses positive first half and strong DVM momentum

Episode Summary

Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey talked with Proactive's Stephen Gunnion about the company's first-half 2025 trading update and a series of strategic moves aimed at strengthening financial performance and market reach. Larbey highlighted a 21% increase in ARR to £15.6 million and adjusted EBITDA growth of over 60%. Adjusted for one-off income in the previous period, it was even higher. He attributed the rise in net debt to working capital movements and noted that recent financing steps—including an extended shareholder loan with NHN Corporation and a revolving credit facility with NatWest—were enabling greater flexibility and cost efficiencies. In the transactional business, Larbey acknowledged flat reported figures but clarified that underlying core growth stood at 10%, masked by volatility in a few high-revenue, high-cost routes inherited from the Docomo Digital acquisition. On the DVM and subscription bundling side, revenue rose 15%, with license revenue up 21% and net revenue retention hitting 108%. A new KPI—active subscriptions—doubled year-on-year, pointing to solid momentum. Bango secured seven new contracts in the first half, including key deals in Korea, Japan, the US, and Western Europe. “We’ve done on average nine deals annually over the last two years, so this is clearly an acceleration,” Larbey said. He also addressed the gap between operational progress and share price performance, citing analyst coverage suggesting undervaluation. The company appointed Canaccord as its new broker, aiming to deepen US investor engagement and refresh its shareholder base. For more interviews and updates, visit Proactive’s YouTube channel. Don’t forget to like, subscribe, and turn on notifications. #BangoPLC #EBITDAGrowth #SubscriptionEconomy #DigitalPayments #DVM #InvestorUpdate #FintechUK #TechStocks #USInvestors #CapitalMarkets #Canaccord