La Hulpe, Belgium – 21 May 2025, 22:30 CEST – REGULATED INFORMATION – Banqup Group SA, (Euronext: BANQ) (Banqup, Company), a leading provider of integrated financial workflow management solutions, publishes its business update for the first quarter of 2026. Key Highlights Solid Group revenue 1,2 growth of 5,0% y/y from € 12,5m in Q1 2025 to € 13,1m in Q1 2026. This was primarily driven by strong g...
La Hulpe, Belgium – 21 May 2025, 22:30 CEST – REGULATED INFORMATION – Banqup Group SA, (Euronext: BANQ) (Banqup, Company), a leading provider of integrated financial workflow management solutions, publishes its business update for the first quarter of 2026. Key Highlights Solid Group revenue 1,2 growth of 5,0% y/y from € 12,5m in Q1 2025 to € 13,1m in Q1 2026. This was primarily driven by strong growth momentum in digital revenue 1 (+14,4% y/y). growth of 5,0% y/y from € 12,5m in Q1 2025 to € 13,1m in Q1 2026. This was primarily driven by strong growth momentum in digital revenue (+14,4% y/y). Banqup’s ARR Digital Services Revenue increased by 12,7% y/y, reaching € 47,0m at the end of March 2026. Completed divestment of Baltic Activities to Fitek Oü on 16 March 2026, aligning with Banqup’s strategy to streamline its operations into a pure-play SaaS company. Including proceeds from the sale, liquidity as of 31 March 2026 stands at € 8,6m. Launched Value Creation Plan to drive cost optimisations across the organisation. Projected to achieve savings of 15% by full year 2027. Reiterating FY 2026 guidance: ARR Digital Revenue Growth range between 25% ~ 30% and Adjusted EBITDA margin ~3% by year-end. Adjusted EBITDA3 improved 18,7% y/y, reflecting operating leverage momentum, further amplified through cost control improvements. Commenting on the Q1 2026 results, Nicolas de Beco, CEO, remarked: "The first quarter of 2026 marks the completion of Banqup's transformation, becoming a pure-play SaaS organisation at its core. With our divestments now finalised, the Group has emerged sharper, more focused, and proves to be more profitable than at any point in its recent history. Commercial momentum is strong across our core platform, kick-started by the Belgian mandate. Our entire organisation is now fully mobilised to target flawless delivery for the French e-invoicing mandate - the most significant near-term opportunity in our market. Alongside this, we are launching our Value ...