FY24 results offer a positive update, as Bango has materially strengthened its balance sheet, by accessing new debt financing with a key existing shareholder and a major bank. This should address any cash concerns (which could be weighing on sentiment) while also provide management greater flexibility to drive long-term shareholder value. Our updated FY26e forecasts captures some this upside, as we upgrade cash EBITDA by almost 50%, to $8.8m.
