Tap Global Group Plc
TAP · AIM · Financial Services · mcap £7.6m · 1.0p 2 open situations →
- EV
- £8.2m
- EV / EBIT
- –
- Net cash
- £433k
- FCF yield
- -18.5%
- Revenue
- £3.4m
- Share price 1y
- −65%
- Insiders 12m
- no deals
- Next report
- around 1 Jan
Timeline · every situation
dots = announcementsOpen · 2
Balance-sheet stress / refinancing
Cash and cost pressure
Placing completed; cash still thin
H1 to Dec 2025 showed cash down to £433k, opex up 35% and an EBITDA loss. FY26 beat expectations on 20 Aug 2026. The placing launched 18 Sep 2026 completed on 22 Sep at £1.0m, mostly earmarked for crypto reserve rather than overheads. Cash stays thin.
- FY27 expectations
- revenue £3.7m, adjusted EBITDA loss £0.2m (Board's view of market) 20 Aug 2026 ↗
- Overheads funding
- Board intends no equity raise to fund overheads; reserve income to meet costs over time 22 Sep 2026 ↗
- Equity use
- Equity may be issued from time to time to fund DAIS reserve 24 Aug 2026 ↗
- Cash and crypto
- £2.15m at 30 June 2026 22 Sep 2026 ↗
- Placing
- Minimum £1.0m at 1.0p, 13.0% discount 18 Sep 2026 ↗
- Reserve scale
- £50 million of reserve would cover all operating costs at current costs 18 Sep 2026 ↗
- 22 Sep 2026 Placing completed; cash still thin
- 18 Sep 2026 Equity raised, but mostly for reserve
- 24 Aug 2026 Eased; DAIS aims to cover costs with yield
- 20 Aug 2026 Eased: H2 EBITDA-positive; Tap Earn revenue now quantified
Upgrade / downgrade cycle
Profit upgrade
guidance raised
Tap Global Group Plc raised its guidance on 20 Aug 2026; the shares moved +4% on the day.
- 20 Aug 2026 guidance raised · +4% on the day
Closed · 3
Company filings. Not investment advice.