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Tap Global Group PLC (LSE:TAP), the AIM-listed digital finance company, saw its shares rise 18% to 1.30pt, up from a previous close of 1.10p, after it reported stronger-than-expected revenue and a sharp narrowing of its operating loss.The shares opened at 1.20p, compared with a previous close of 1.10p, before reaching 1.30p, according to London Stock Exchange data.
Tap reported revenue of approximately £3 million for the year ended 30 June, about 7% above market expectations, despite cryptocurrency exchange volumes falling by more than half during the year.
The group’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) loss was approximately £260,000, about 80% lower than market expectations of £1.3 million, while its group EBITDA loss was about £55,000.
Tap said it was EBITDA-profitable in the second half of the financial year, marking an improvement as the company moved towards its stated goal of sustained profitability.
The company’s Tap Earn product, launched in May, also showed strong early growth, with assets under management reaching more than $5.6 million, up 61% in three months.
Tap Earn has delivered 15 consecutive weekly payouts and generated approximately $125,000 in yield revenue, equivalent to an annualised gross yield of about 7% on committed capital.
Customer deposits have reached $6.9 million since launch, compared with withdrawals of approximately $700,000, indicating that deposits have significantly exceeded withdrawals.
Tap had more than 400,000 registered users at 30 June, compared with about 391,000 a year earlier, while cash and cryptoassets totalled £2.15 million.
The company said its financial year 2026 performance demonstrated the resilience of its fee-based model during a difficult cryptocurrency market, while financial year 2027 would focus on scaling and sustained profitability.
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