Press Release - Regulated Information La Hulpe, Belgium – 22 May 2025, 19:00 CET – REGULATED INFORMATION – Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, publishes its business update on the first quarter of 2025. Key Highlights Solid double-digit growth momentum in organic1 subscription revenue (+25,9% y/y)Digital service revenue growth of +7,7% y/y driven by subscription and transaction revenue growth Focused on operational preparedness for key geographies with upcoming e-invoicing regulationsDivestment of 21 Grams on track, while portfolio rationalisation of non-digital services remains a priorityReiterating FY 2025 guidance: ~25% organic subscription revenue growth and FCF2 positive by year-endAppointment of our new Chief Revenue Officer, Chrystèle Dumont.
We continue to actively engage with our customers and partners ahead of the upcoming e-invoicing regulations and remain confident in our ability to deliver against our growth targets for 2025.” Continuing operations3 Thousands of EUR Q1 2025Q1 2024Change (%)Group revenue and income from client money20.26321.162-4,2%Digital services revenue11.52610.701+7,7% Subscription3.6453.157+15,4% of which Organic1 3.6452.895+25,9% Transaction5.2014.909+6,0% Other2.6802.635+1,7%Traditional communication services revenue8.73710.460-16,5% Digital services business performance Subscription revenue growth was primarily driven by the increase in e-invoicing subscriptions in Belgium, ahead of the incoming e-invoicing mandate set for 1 January 2026.
The appointment of four new Board members was approved; for more details, see the previous announcement. Reconfirming FY 2025 Guidance (based on current reporting structure) 25% increase in organic subscription revenueFCF positive by year-end Financial Calendar: 26 August 2025: Publication of the H1 2025 results (webcast)13 November 2025: Publication of the Q3 2025 business update ContactAlex NicollInvestor RelationsBanqup Groupalex.nicoll@unifiedpost.com About Banqup Group Banqup Group delivers integrated cloud-based SaaS solutions to streamline business transactions across the entire lifecycle, from e-invoicing and e-payments to tax reporting.
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