Boku, Inc

BOKU · AIM · Industrial Goods and Services · mcap £405m · 142.0p

Boku connects global merchants such as Google, Amazon and Canva to local payment methods, including digital wallets, bank-to-bank payments and carrier billing. It earns a small fee on each payment processed over its network.

Recent signals

Mixed 2 Oct 2026

BlackRock cut holding from 8.04% to 4.81%; Octopus down to 9.84%

Large institutional holders reducing stakes while Richard Griffiths built a 4.34% holding. 2 Oct 2026 1 Oct 2026 1 Apr 2026 5 Feb 2026

Negative 23 Sep 2026

FY26 guidance cut to revenue $135-142m, below market expectations

Revenue guidance of $135-142m compared with market expectations of about $155m; shares fell from 148.5p to 98p in July. 23 Sep 2026 8 Jul 2026

Positive 23 Sep 2026

Buyback expanded to 10% authority with further 8m shares

Repurchases of 9.5m shares for $23.6m in H1 2026 with no debt; authority extended on 8 July. 23 Sep 2026 8 Jul 2026

Positive 10 Jul 2026

CEO and CFO bought shares in July 2026 after guidance cut and share price fall

CEO bought 106,000 shares at 95p and CFO 65,000 at 98.75p shortly after the 8 July guidance cut. 10 Jul 2026 8 Jul 2026

Negative 27 Jan 2026

Jon Prideaux sold 1,000,000 shares in January 2026

Former CEO and NED sold shares for portfolio rebalancing before retiring from the board. 27 Jan 2026

Capital actions

2026-07-08 buyback programme – Authority raised to 10% of stock; further 8m share repurchase approved 8 Jul 2026
2026-06-30 buyback programme · $23.6m – Repurchased 9.5m shares during H1 2026 23 Sep 2026
2026-06-02 buyback programme · £6.4m – Completed 4m share buyback at £6,421,738 cost; further 4m shares approved 2 Jun 2026
2026-03-17 buyback programme – Buyback of up to 4m shares authorised, 17 March to 30 September 2026 17 Mar 2026
2026-01-02 buyback programme – Buyback of up to 4m shares authorised, expiring 30 April 2026 2 Jan 2026
2025-02-11 buyback programme – Completed 4m shares at 182.14p average; further 4m share buyback approved to 30 June 2025 11 Feb 2025
2024-11-18 buyback programme – Buyback of up to 4m shares authorised, running 18 November 2024 to 30 April 2025 18 Nov 2024

Risks & opportunities

Opportunities

Stripe channel partnership gives merchants access to Boku's LPM network since 2026-09 23 Sep 2026
LPMs expected to reach around 60% of $11 trillion global e-commerce by 2028 since 2025-10 23 Sep 2026
PIX Brazil and UPI India live, plus FX and money movement expansion since 2026-09 23 Sep 2026
Direct sales capability targeting gaming, e-commerce and mobility merchants since 2025-10 23 Sep 2026

Risks

Delayed launches for a key merchant under its dual-sourcing policy cut H1 2026 growth since 2026-07 23 Sep 2026
Two DCB connections suspended by local authorities in one country since 2026-09 23 Sep 2026
Blended take rate falling as growth weights to lower take-rate products like Bundling since 2026-09 23 Sep 2026
Adjusted operating expenses up 13%, compressing EBITDA margin to 29.4% since 2026-09 23 Sep 2026

As the company itself describes them.

Coming up

1 Oct 2026 Karim Ahmad starts as Chief Product Officer
30 Sep 2026 Current buyback tranche expiry or completion
Mar 2027 Full year 2026 results
31 Dec 2026 FY26 guidance: revenue $135-142m, adjusted EBITDA $38-42m

From the company's own announcements · not investment advice

Company filings. Not investment advice.