Boku AIM:BOKU
- Founded
- 2008 · London, England / San Francisco, USA
- Incorporated
- United States
- Chief executive
- Stuart Neal
- Employees
- 551
- Reports in
- USD
Global payments network enabling merchants to accept local payment methods, built originally on direct carrier billing that lets consumers charge digital purchases to mobile phone bills. Customers include major digital businesses such as app stores, streaming and gaming platforms; the network now spans mobile wallets and account-to-account payment schemes across dozens of countries.
Read straight from the annual reports
144c at close on 2 Oct 2026 · 11 reported years, 2016–2025
| Line | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202201/22 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 62.1 | — | ||||||||||
| Gross profit | later 60.5 | — | — | |||||||||
| Operating profit | later (9.0) | later 10.6 | — | later 8.0 | ||||||||
| Exceptional items | later 0.82 | — | later 1.6 | |||||||||
| Net finance cost | — | |||||||||||
| Profit before tax | later (28.5) | later 9.9 | — | |||||||||
| Tax charge | — | |||||||||||
| Profit for the year | later (28.7) | — | ||||||||||
| EBITDA | — | |||||||||||
| Basic EPS | — | |||||||||||
| Diluted EPS | — | |||||||||||
| Dividend per share | — | — | — | — | — | — |
USD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
10 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Direct Carrier Billing (DCB)
DCB revenue $70.4m (+9%), 55% of total revenue (FY24: 65%)
page 14Digital Wallets & Account-to-Account (A2A)
Revenue $43.5m (+67%), 34% of total revenue (FY24: 26%), driven by merchant adoption and currency conversion/cross-border demand
page 14Operating leverage from scaling volumes without proportionate cost growth
Adjusted EBITDA margin expected to progressively accrete from 2026 as cost base grows more slowly than volumes
page 12Currency conversion cost reclassification into adjusted EBITDA
c.$2.4m of currency conversion costs included within adjusted EBITDA in 2025 (2024: c.$1.1m); excluding this, margin would have been 34.0% vs reported 32.1%
page 13We expect organic revenue growth exceeding 20% on a CAGR basis over the medium term, and an adjusted EBITDA margin exceeding 30% with progressive accretion from 2026.
page 17On 2 January 2026 the Board announced a new share buyback programme for up to 4,000,000 shares (up to 5% of Common Stock); the programme completed on 10 February 2026 at a total cost of £8,720,478.13, having reached the maximum aggregate number of shares
page 106The Directors do not recommend a final ordinary dividend for FY2025 (2024: $nil); no dividends declared or paid in either year; company retains cash for organic investment, selective M&A, and share buybacks
page 58Directors concluded the going concern basis is appropriate, having assessed base and severe-but-plausible cash flow scenarios covering at least 12 months from approval. PwC (lead partner Mark Jordan) issued an unmodified opinion that the financial statements give a true and fair view; sole Key Audit Matter was capitalisation of development costs relating to internally developed software; overall materiality $1,288,000 (1% of revenue); no material adverse matters raised.
page 62- Failure to adapt to a rapidly changing competitive environment (Risk level: Medium, Tolerance: Amber)p.19
- Failure to scale processes, systems and tools effectively (Risk level: High, Tolerance: Amber)p.20
- Failure to comply with applicable laws and regulations (Risk level: High, Tolerance: Amber)p.21
- Failure of issuers and intermediaries to settle payments (Risk level: Medium, Tolerance: Green)p.22
Read from C000194-AR-2025-website.
9 annual reports read, FY2017 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (9)
FY2026Next report expected 27 Mar 2027