Recharge Reports Record 39% Sales Growth in 2024 and have made a Strategic Leap Into B2B

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Total sales up 39% to €695 millionNet revenue up 32% to €73.6 millionEBITDA doubling to €8.1 million and net profit reaching €7.5 millionSecured €45 million acquisition financing facility from ABN AMROEntered 2025 with the acquisition of Giftcloud, expanding into B2B.to accelerate its inorganic growth strategy. The facility strengthens the company's ability to pursue acquisitions that expand its reach and capabilities across both B2C and B2B. It was quickly put to use with the acquisition of Giftcloud — a UK-based platform supporting businesses to grow through digital rewards. This marks Recharge's official entry into the B2B space, opening new opportunities to serve brands and businesses with digital-first solutions for customer acquisition, engagement, and rewards.

Freddy Dijkman, CFO of Recharge added: "We've achieved a step change in profitability while continuing to invest in long-term capabilities. Our financial fundamentals are strong, and the ABN AMRO facility gives us the flexibility to accelerate our M&A agenda. Expanding into B2B and regulated financial services will make our business more resilient and diversified — and we're just getting started."

Recharge now connects wellknown brands with consumers across more than 180 countries through its scalable global infrastructure. With over 16,000 digital prepaid payment products and a unified platform spanning Europe and beyond, the company continues to build the backbone for digital value distribution — supporting partners across both B2C and B2B segments with instant, secure, and compliant access to prepaid.

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Ecology Media

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Ross Cumming

Recharge Group

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About Recharge

Recharge is a global prepaid payments platform that connects brands with consumers through a unified digital infrastructure. Operating across both B2C and B2B, the Group makes branded prepaid products accessible anytime, anywhere via its multi-country storefronts, including Recharge.com and Startselect.com. Following the acquisition of Giftcloud, Recharge also enables digital rewards and incentives for businesses looking to acquire, engage, and retain customers. Active in over 180 markets, Recharge is powering the global digital distribution of prepaid payments products through a single, scalable platform. For more information visit company.recharge.com.

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