Tap Global Group (LSE:TAP) delivered a stronger-than-expected performance in FY26, with revenue exceeding market forecasts and losses coming in substantially below expectations despite a difficult year for the wider cryptocurrency industry.
The crypto-fintech group reported unaudited revenue of approximately £3.0 million, around 7% ahead of market expectations. Its adjusted EBITDA loss was approximately £0.26 million, roughly 80% better than forecast, while the EBITDA loss narrowed to about £55,000 when other income was included.
Tap also achieved EBITDA profitability during the second half of the financial year, providing an encouraging indication of improving operating leverage. The group ended the period with combined cash and cryptoassets of approximately £2.15 million.
The performance came against a challenging backdrop for digital assets, with industry-wide cryptocurrency exchange volumes falling by more than half during the year. Bitcoin also dropped by around 50% from its peak, while a number of listed digital asset businesses underwent restructurings or ceased operations.
Tap said its fee-based business model and relatively stable customer base helped provide resilience during the downturn. The platform continues to serve more than 400,000 users, leaving management confident that the business is positioned to benefit from an eventual recovery in cryptocurrency trading and investment activity.
A major contributor to the group’s growth strategy is Tap Earn, its yield-generating product launched in May 2026. The service exceeded US$5 million in assets under management within its first five weeks and continued attracting capital despite the broader crypto market sell-off.
Assets in Tap Earn increased by 43% during the market downturn and surpassed US$5.6 million after three months. The product has also completed fifteen consecutive weekly payouts and generated approximately US$125,000 of yield revenue, equivalent to an annualised gross yield of around 7% on committed capital.
Customer flows have remained positive, with Tap reporting approximately US$10 of deposits into the programme for every US$1 withdrawn. Management believes this performance demonstrates demand for a product that allows customers to generate weekly income from existing crypto holdings, even during weaker market conditions.
Tap sees the product as an increasingly important revenue stream with scope to scale further if digital asset markets recover. For FY27, the company intends to focus on expanding operations, establishing sustained profitability and once again performing ahead of current market expectations.
More about Tap Global Group plc
Tap Global Group plc is a regulated crypto-fintech company operating a digital finance platform that brings together traditional money, payments and cryptocurrency services within a single application.
The platform serves more than 400,000 customers across over 25 countries and provides access to more than 70 cryptoassets. Customers can trade digital assets, make payments through a Mastercard-linked service accepted at millions of merchant locations and generate potential income on eligible holdings through Tap Earn.
Tap’s European business was the first cryptocurrency fintech in Europe to receive Mastercard approval, supporting its focus on regulated, card-linked digital asset services. The group is also licensed by the Gibraltar Financial Services Commission under its distributed ledger technology framework.
Looking ahead, Tap intends to apply for authorisation under the UK’s forthcoming cryptoasset regulatory regime when applications open in September 2026, potentially expanding its regulatory presence in one of its key target markets.
Focus keyphrase: Tap Global FY26 results
Meta description: Tap Global beats FY26 forecasts with £3.0 million revenue as Tap Earn surpasses US$5.6 million in assets and the group targets profitability.
Leave a Reply