Revenue rises, profitability improves at Tap Global
By Josh White
Date: Friday 02 Jan 2026
(Sharecast News) - Tap Global shares were in the red on Friday even after it reported a sharp increase in revenues and an improvement in underlying profitability for the year ended 30 June, alongside continued user growth and regulatory progress, as the digital finance platform completed its first full year as an AIM-listed company.
The AIM-traded group said revenues rose 31% year on year to £3.48m from £2.65m, supported by a broader cryptocurrency offering and product enhancements across its app.
Gross profit increased over the period, while operating costs were reduced, reflecting a greater focus on efficiency as the business transitioned from user acquisition towards monetisation.
The firm also recorded £0.42m of other income relating to the recovery of historical referral bonuses previously paid in Bitcoin.
Tap said it ended the financial year with more than 391,000 registered users, up from 368,844 a year earlier, while expanding its cryptocurrency offering to more than 70 tokens across 40 countries.
During the year, the group introduced new trading features, improved the overall user experience and enhanced the utility of its XTP token through the launch of XTP cashback on card spending.
It also secured virtual asset service provider registration in Bulgaria, positioning the business ahead of the introduction of the EU's Markets in Crypto-Assets regulations.
The company said it raised £1m in gross proceeds during the year with participation from institutional investors and completed a successful uplisting to AIM, which it said improved liquidity and broadened access to capital.
After the end of the financial year, Tap appointed fintech and blockchain executive Manuel De Luque Muntaner as non-executive chairman, while chief financial officer Steven Borg resigned from the board with effect from 9 January.
Chief executive Arsen Torosian said the year marked a turning point for the group.
"The financial year ended 30 June was a defining period of graduation for Tap Group," he said.
"We have successfully evolved from a challenger fintech acquiring its first wave of users into a fully regulated digital finance platform capable of serving the complex needs of both retail and institutional clients."
Looking ahead, Torosian said the focus would move firmly towards monetisation and scale.
"The group is positioned to monetise the infrastructure we have built.
"With the technical hurdle of payment integration behind us and our AIM listing providing a platform for growth, our focus shifts to scaling the B2B vertical and driving 'primary account' status for our 390,000+ registered users.
"Having laid the foundations, we are now poised to convert capability into sustained commercial momentum."
At 1201 GMT, shares in Tap Global Group were down 14.89% at 2p.
Reporting by Josh White for Sharecast.com.
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