Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey and CFO Matt Wilson talked with Proactive's Stephen Gunnion about the company’s performance for the first half of 2025 and its growth outlook moving into 2026.
Wilson highlighted a 20% increase in recurring revenue, expanded gross margins, and a material cost reduction that led to a 66% rise in adjusted EBITDA. “We remain very much on track to deliver revenue and adjusted EBITDA in line with expectations,” he said.
On the company’s two business units, Wilson noted that core transactional payment routes grew 10% year-on-year, while its Digital Vending Machine (DVM) platform showed strong customer growth and scalability, with zero churn across live customers.
Larbey discussed accelerated growth in DVM wins—eight new contracts in the year to date, compared to an average of nine annually over the previous two years. Notable expansion includes new deals in Korea, Japan, Europe, and Africa. In the US, Bango now counts six of the top eight telcos as customers.
Larbey added, “The first half is just the start… we’re set for meaningful cash generation, and a very different profitability story when you look at 2026 and beyond.”
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