**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
