Bango on track for full-year targets as subscriptions momentum carries into second half

Tech Online Business & E-commerce Written by: Ian Lyall 02:01 Fri 25 Sep 2026 --> Proactive has a commercial relationship with Bango PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Bango PLC ( AIM:BGO OTCQX:BGOPF ) View Price & Profile Bango on track for full-year targets as subscriptions momentum carries into second half Published: 02:01 25 Sep 2026 EDT Bango PLC (AIM:BGO, OTCQX:BGOPF) said trading remains in line with full-year market expectations, with growth in its subscriptions business continuing into the second half. The Cambridge-based company, which runs a platform that lets telecoms groups and other businesses bundle and sell subscription services, has won eight Digital Vending Machine (DVM) customers so far this year. Six of those have already signed contracts. The DVM is Bango's platform for packaging services such as streaming into a single bundled offer. A restructuring of lower-margin payment routes is running ahead of plan and should be finished this year. That clear-out may shave a low single-digit percentage off reported revenue, though the impact on earnings should be negligible. Management described itself as cautiously optimistic, pointing to a strong pipeline despite continued economic uncertainty. In the six months to June, revenue edged up 3% to $25.9 million. Subscriptions revenue rose 13% to $12.3 million, offsetting a 5% dip in payments to $13.6 million. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 34% to $9 million. Subscriptions did the heavy lifting, with EBITDA in that division more than tripling to $3.2 million. Cash EBITDA swung from a $0.7 million loss to a $3.7 million profit, beating the total for the whole of 2025 in just six months. Annual recurring revenue (ARR), the yearly value of contracted subscription income, rose 31% to $20.4 million. Net revenue retention, which tracks how much more existing customers spend over time, improved to 119% from 108%. Gross margin widened by 3.1 percentage points to 87%. Net debt fell to $8.7 million from $9.2 million at the end of December. "This demonstrates the increasing operating leverage of our business, which directly translates into cash EBITDA growth," said chief executive Paul Larbey. Continue reading