Tap Global Group plc (AIM: TAP) said full-year revenue and EBITDA performance came in ahead of market expectations, while its recently launched Tap Earn product continued to attract customer assets despite difficult cryptocurrency markets.
Revenue for the year ended 30 June 2026 was approximately £3.0 million, around 7% ahead of the £2.8 million market expectation, despite industry-wide crypto exchange volumes more than halving during the period.
The adjusted EBITDA loss narrowed to approximately £260,000, around 80% better than the £1.3 million loss expected by the market. Including approximately £200,000 of other income, the group recorded an EBITDA loss of just £55,000 and was EBITDA profitable during the second half.
At year-end, Tap held £402,000 in cash and £1.75 million of cryptoassets, giving combined cash and cryptoasset holdings of £2.15 million. Registered users increased to more than 400,000.
The company’s Tap Earn yield product, launched in May, has emerged as an increasingly important growth driver. Assets under management have now exceeded US$5.6 million, representing 61% growth in three months.
Tap Earn has delivered 15 consecutive weekly payouts and generated approximately US$125,000 of yield revenue, equivalent to an annualised gross yield of around 7% on committed capital.
Cumulative deposits since launch have reached US$6.9 million, compared with withdrawals of approximately US$700,000 – roughly $10 deposited for every $1 withdrawn.
Chief Executive Arsen Torosian said the results demonstrated the resilience of Tap’s fee-based business model during one of the cryptocurrency industry’s most challenging periods since 2022.
The company is now targeting scaling and sustained profitability in FY27, with management aiming to outperform current market expectations of £3.7 million revenue and a £200,000 adjusted EBITDA loss.
