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Banqup Group (BANQ) investor relations material
Banqup Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 21.2% organic subscription revenue growth year-over-year for the nine months of 2025, driven by e-invoicing momentum in Belgium ahead of the 2026 mandate.
Digital service revenue grew 5.0% year-over-year, supported by both subscription and transaction revenue increases.
Strategic partnerships with Deloitte Belgium and Rentio, plus a government e-invoicing contract in the Middle East, are expanding market reach.
Completed divestment of the UK print business to focus on core digital services.
Financial highlights
Group revenue and income from client money totaled €47.6 million, down 6.5% year-over-year due to divestments.
Digital services revenue reached €34.9 million, up 5.0% year-over-year.
Subscription revenue rose 13.6% to €11.4 million, with organic growth at 21.2%.
Transaction revenue increased 2.3% to €14.9 million, with client money contributions rising from €0.3 million to €1.0 million.
Traditional communication services revenue declined 28.3% to €12.6 million, reflecting the shift to digital.
Outlook and guidance
Expects 25% organic subscription revenue growth and positive free cash flow by year-end 2025.
Anticipates continued onboarding momentum in Belgium and France ahead of e-invoicing mandates in 2026.
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