Bango Plc. Chief Financial Officer Matt Wilson joined Steve Darling from Proactive to discuss the company’s strong first-half performance, highlighting growth in recurring revenue, improving profitability, and confidence in meeting full-year market expectations.
Wilson said annual recurring revenue (ARR) increased 31% to $20.4 million for the six months ended June 30, up from $15.6 million a year earlier. Subscription revenue also rose 13% to $12.3 million, while net revenue retention reached 119%, reflecting strong expansion among existing customers.
The company generated Cash EBITDA of $3.7 million during the first half, exceeding the $2.3 million delivered during the entire 2025 financial year. Bango now expects Adjusted EBITDA of at least $9 million for the full year, representing a 34% increase over 2025, driven by higher-quality revenue and operational efficiencies.
Total revenue is expected to increase 3% to $25.9 million, in line with management guidance. Bango also added six new subscription customers during the period, including three signed contracts and one deal carried over from late 2025.
Payments revenue declined 5% to $13.6 million, reflecting the company’s planned strategy of restructuring legacy payment routes to prioritize higher-margin, higher-quality revenue.
Net debt improved to $8.7 million at the end of June, down from $9.2 million at the end of December.
Wilson added that growing adoption of the Bango Digital Vending Machine platform by global brands, financial institutions, and telecommunications companies reinforces management’s confidence in the platform’s long-term growth potential and the company’s strategy of expanding recurring, subscription-based revenue.
The company also added to its board with with Darcy Antonellis becoming non-executive chair and Duncan Magrath joining as audit committee chair.
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