La Hulpe, Belgium – 5 February 2026, 7:00 a.m. CET - Banqup Group SA (Euronext: BANQ) (Banqup, Company), a leading provider of integrated business communications solutions, today announced two additions to its Executive Committee and a new appointment in Investor Relations. Executive Committee appointments:As Banqup enters the implementation phase of the regulatory wave in key European markets, the company is strengthening its foundations and operational platform for growth. To support this next phase, Ban ...

Core Insights - Banqup Group SA will release its FY 2025 financial results on 26 February 2026 at 7:00 a.m. CET [1] - Following the results announcement, a webcast call will be hosted by the CEO and CFO to discuss financial and operational performance, including a Q&A session for investors and analysts [1] Company Overview - Banqup Group provides integrated cloud-based SaaS solutions aimed at streamlining business transactions throughout their lifecycle, including e-invoicing, e-payments, and tax reporting [2] - The company's solution, Banqup, consolidates various business processes such as purchase-to-pay and order-to-cash into a single secure platform, simplifying operations for businesses [2] - eFaktura World, another solution offered by Banqup Group, is designed for governments to facilitate e-invoicing and improve tax reporting flows for both B2G and B2B transactions [2]

Core Insights - Banqup Group has secured a subordinated shareholder loan of up to €6.0 million to support its working capital and expansion in the French market [1][2] - The company has recalibrated its financial covenant framework with its senior lender, Francisco Partners, to better align with its current business profile and growth strategy [1][5] - Banqup has signed a share purchase agreement with Fitek Oü for the sale of its Baltic operations, expected to close by the end of February 2026, which will strengthen its balance sheet [1][7] Shareholder Loan - The shareholder loan agreement involves a consortium of existing shareholders, with a current subscribed amount of €5.45 million [2] - The loan is subordinated to the existing senior facilities agreement and is aimed at supporting Banqup's working capital and market rollout [2][4] - Key terms include a maturity date of May 21, 2027, an interest rate of 9.00% per annum, and a conversion option into shares at a 10% discount under certain conditions [8] Financial Covenant Framework - The recalibrated covenant structure reflects the current Principal Senior Facility of €25.0 million, including accrued PIK interest [6] - The new framework provides financial flexibility for Banqup to execute its growth strategy while maintaining prudent oversight [6][9] - Minimum liquidity is set at €2.5 million, with a leverage ratio requirement of total net borrowings not exceeding 4.00:1 against quarterly digital recurring revenue [9] Baltic Operations Sale - The signed share purchase agreement with Fitek Oü is part of Banqup's strategy to optimize its portfolio and focus on core digital services [7] - The transaction is subject to regulatory approvals and is anticipated to close by the end of February 2026 [7] - This divestment is expected to enhance Banqup's financial position and allow for a concentrated effort on high-growth markets [10]

Core Insights - Banqup Group SA is in advanced negotiations to sell all shares in its operational Baltic companies to Fitek Oü, with a target completion date by the end of February 2026, pending approval from competition authorities in Estonia, Latvia, and Lithuania [1][5]. Group 1: Transaction Details - The proposed transaction involves an enterprise value of €9.5 million, subject to adjustments based on the net financial cash/debt position as of December 31, 2025 [5]. - The transaction is expected to enhance Banqup's focus on core digital services and optimize its print operations [3][5]. - A partnership agreement is also being negotiated, allowing Fitek to become an authorized reseller of Banqup's digital product suite in the Baltic States [5]. Group 2: Financial Performance - The Baltic companies generate an annual EBITDA of €1.3 million, with a product suite that includes €0.3 million in Digital Banqup revenue, €4.0 million in digital legacy revenue, and €10.0 million from print-related services [5]. - The transaction proceeds are anticipated to strengthen Banqup's balance sheet and working capital position [5]. Group 3: Strategic Focus - The divestment reflects Banqup's strategic focus on growing its core digital services in key European markets [3]. - The acquisition by Fitek is expected to enhance capabilities in digital business solutions and improve service offerings in the Baltic region [3].

Core Insights - Banqup Group SA, formerly Unifiedpost Group SA, reported a solid business update for the first nine months of 2025, highlighting operational preparedness and a positive outlook for the remainder of the year [1][3]. Financial Performance - Group revenue and income from client money decreased by 6.5% year-on-year to €47.552 million in 9M 2025 from €50.858 million in 9M 2024 [4]. - Digital services revenue increased by 5.0% year-on-year to €34.925 million, driven by subscription and transaction revenue growth [4][7]. - Subscription revenue grew by 13.6% to €11.432 million, with organic growth at 21.2% due to increased e-invoicing subscriptions in Belgium [4][8]. - Transaction revenue rose from €14.582 million to €14.911 million, attributed to higher contributions from client money, which amounted to €1.0 million for 9M 2025 compared to €0.3 million for 9M 2024 [4][8]. - Traditional communication services revenue declined by 28.3% to €12.627 million, reflecting a shift towards digital solutions [4][9]. Strategic Developments - The company is focusing on e-invoicing and payments in anticipation of upcoming mandates, with a notable increase in onboarding activities in Belgium ahead of the January 2026 e-invoicing mandate [3][7]. - Partnerships with Deloitte Belgium and Rentio have been established, with additional partnerships in the pipeline to enhance value in e-invoicing and e-payments [3][7][13]. - A government e-invoicing infrastructure contract was secured in the Middle East post-Q3 2025, further expanding the company's market presence [7][13]. Operational Updates - The divestment of the UK print business was completed on August 11, 2025, allowing the company to concentrate on its core digital services [7]. - The company continues to enhance governance practices, promoting transparency and independent leadership at the Board level [13]. Future Outlook - The company anticipates a 25% organic subscription revenue growth and aims to achieve positive free cash flow by year-end [13].

Core Insights - Banqup Group SA, formerly Unifiedpost Group SA, has announced the exercise of subscription rights resulting in the issuance of 10,000 ordinary shares for a total amount of EUR 18,300 [1][2] - The subscription rights allow holders to acquire 10 ordinary shares at an exercise price of EUR 18.30 per right [2] - Following this issuance, the total share capital of the company is updated to EUR 329,256,015.82, with a total of 37,141,654 ordinary shares outstanding [5] Subscription Rights and Share Capital - A warrant holder exercised 1,000 subscription rights under the Plan de Warrants 2015, leading to the issuance of new shares [1] - The total number of subscription rights currently amounts to 202,000 under the Warrant Plan 2021 [3] - The gross proceeds from the exercise of the subscription rights are reported to be EUR 18,300 [2] Financial Calendar - Upcoming financial events include the Q3 2025 Business Update on 13 November 2025, FY 2025 results publication on 26 February 2026, and the General Shareholder Meeting on 19 May 2026 [5]

Core Insights - Banqup Group SA announced the immediate resignation of Hans Leybaert as Chairman of the Board, while he will remain a Board member to ensure continuity [1][2][3] - The transition is part of Banqup's planned succession process aimed at strengthening governance and ensuring independent leadership at the Board level [2] - Leybaert emphasized the importance of having an independent Board member take over the Chairman role to build on the foundations laid during his tenure [3] - CEO Nicolas de Beco expressed gratitude for Leybaert's leadership, highlighting his instrumental role in positioning Banqup for long-term success [4] Company Overview - Banqup Group provides integrated cloud-based SaaS solutions that streamline business transactions, including e-invoicing, e-payments, and tax reporting [5] - The company's solutions unify various business processes into a secure platform, simplifying operations for users [5] Upcoming Financial Events - Q3 2025 business update will be published on 13 November 2025 [6] - FY 2025 results will be released on 26 February 2026 [6] - The 2025 Annual Report is scheduled for publication on 16 April 2026 [6]

Core Insights - Banqup Group SA has formed a strategic partnership with Deloitte Belgium to provide integrated business communication solutions for Deloitte's accountancy clients [1][3] - The collaboration will enable Deloitte to process invoices through Banqup's platform, enhancing efficiency and compliance with upcoming B2B e-invoicing regulations in Belgium [2][3] Company Overview - Banqup Group delivers cloud-based SaaS solutions that streamline business transactions, including e-invoicing and e-payments, aimed at simplifying financial processes for businesses [10] - Deloitte Belgium is the largest organization in audit, accounting, legal, and tax advisory services in Belgium, with a turnover of €819.4 million for the financial year 2024 [7] Partnership Details - Deloitte will utilize Banqup for managing both incoming and outgoing invoices, leveraging Banqup's integrated payments solution as a significant enhancement for its clients [2][5] - The partnership is timely as Belgium is set to implement mandatory B2B e-invoicing, positioning Deloitte's clients to benefit from improved automation and transparency [3][4] Strategic Importance - The collaboration aims to combine Deloitte's expertise with Banqup's innovative platform to facilitate digital transformation for clients, ensuring they remain compliant with regulatory changes [4][5] - Banqup was chosen for its user-friendly design, secure onboarding, reliable data exchange, and seamless integration capabilities with Deloitte's systems [5]

Core Insights - Banqup Group, formerly Unifiedpost Group, reported H1 2025 results that align with expectations, highlighting organic subscription growth and strategic focus on SaaS solutions [3][5][29] Financial Highlights - Group revenue decreased by 9.5% to €31.834 million in H1 2025 from €35.188 million in H1 2024 [4] - Digital services revenue increased by 3.4% to €23.130 million, with organic subscription revenue growing by 20.6% year-on-year [4][8] - Traditional communication services revenue fell by 32.1% to €8.703 million, reflecting a shift towards digital solutions [4][13] - Gross profit from digital services was €13.417 million, with a gross margin of 58.0%, down from 59.2% [4][10] - EBITDA, including net income from client money, was reported at €-6.399 million [4][5] Strategic Developments - The company completed divestments of non-core businesses, including 21 Grams and its UK print business, to sharpen its focus on SaaS growth [5][7] - A new Chief Revenue Officer was appointed to enhance customer engagement and drive sales [5][7] - Banqup is preparing for the Belgian e-invoicing regulation set to take effect in 2026, positioning itself for growth in the Belgian, French, and German markets [3][11][12] Operational Efficiency - Indirect costs decreased by 3.4% year-on-year, primarily due to lower general and administrative expenses [14] - The average number of FTEs in indirect functions decreased by 10.4% from H1 2024 [15] Liquidity and Cash Flow - Cash and cash equivalents at the end of June 2025 totaled €17.060 million, up 17.5% from €14.525 million in June 2024 [4][16] - Cash flow from divestments amounted to €23.7 million, contributing positively to the liquidity position [5]

Core Insights - Banqup Group SA has completed the sale of its UK print operations to the Managing Director of the UK business, aligning with its strategic priority to divest non-core traditional communication services and focus on core digital services [1][2][3] - A strategic partnership agreement has been established, allowing the UK print business to become an authorized reseller of Banqup products, ensuring continuity for employees and customers [2][3] - In 2024, the UK print business generated total revenue of €7.0 million with a gross margin of 39.1% and a positive EBITDA of €1.1 million, employing 18 full-time equivalents [2] Company Strategy - The divestment is part of Banqup's transformation into a pure-play SaaS provider, enhancing its focus on scaling core digital services in key European markets [3] - The new ownership structure is expected to maintain a presence in the UK market while allowing Banqup to concentrate resources on digital service growth [3] Leadership Comments - CEO Nicolas de Beco emphasized the importance of the divestment in progressing towards a SaaS model and thanked the UK team for their contributions [3] - Mark Hetem, the Managing Director of the UK print business, expressed enthusiasm for leading the business and highlighted the value of the partnership with Banqup in meeting the evolving needs of UK businesses [3]