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Highlights

  • Revenue Growth: Tap Global's revenue surged 39% to £1.8 million in H1 2025.

  • Profitability Milestone: Achieved first-ever positive EBITDA of £324,000, compared to a £709,000 loss in H1 2024.

  • User Expansion & Strong Cash Position: Registered users increased by 29% to 380,000, with cash reserves rising 57% to £890,000.

Tap Global Group Plc (AQSE:TAP), a leading cryptocurrency app that bridges traditional finance and blockchain technology, has announced a record-breaking financial performance for the six months ending December 31, 2024. The company reported a 39% increase in revenue to £1.8 million and achieved its first-ever positive EBITDA of £324,000, marking a significant turnaround from a loss of £709,000 in the same period last year.

For the first time, Tap Global also reached near break-even after tax, compared to a £995,000 loss in H1 2024.

Financial Position & Growth Investments

Tap Global’s cash reserves increased 57% to £890,000 as of December 31, 2024, up from £565,000 at the end of the last financial year. Additionally, in February 2025, the company secured a further £1 million in funding, attracting investments from new institutional backers and two directors.

User adoption also surged, with registered users rising 29% to 380,000, reflecting.

Q1 2025 Trading Update & Growth Plans

Looking ahead, Tap Global continues to build on its success. In the third quarter (January-March 2025), revenues are projected to reach approximately £920,000, a 21% increase compared to the same period last year. The company is now on track to deliver its first-ever full-year EBITDA-positive results.

With fresh capital secured, Tap Global plans to accelerate user activation while reducing exposure to cryptocurrency trading volume volatility, ensuring more consistent revenue streams.