Equals Group Posts Interim Results, with Revenue up YoY 23%

Equals Group plc (Equals Group), the fintech payments group focused on the SME marketplace, today released its interim financial results for the six months ended 30 June 2021, unveiling that its revenue totaled £16.9 million, increasing by 23% compared with that of the same period of last year at £13.8 million.

Specifically, the Group’s B2B revenue raised by YoY 25% to £11.6 million, as the company continued its focus on SMEs. And the gross profit stood at £10.2 million, booming by YoY 17%. Regarding the adjusted EBITDA, the figure reached £1.6 million, surging by 128% compared with that of H1-2020 at £0.7 million.

"The planned pivoting away from retail and travel towards B2B has paid-off spectacularly in H1-2021. This trading performance and momentum has sustained since the period end and is being supported by fast growing revenues amounting to £9.2 million in the period from 1 July to 10 September, making this a record quarter with 14 business days left to run, with numerous new first-rate customers, and strong take-up of our enlarged product suite”, Ian Strafford-Taylor, CEO of Equals Group, commented.