GoCardless sees revenue boost, undertook 2025 restructure

GoCardless, a prominent UK fintech, has reported a significant year-on-year revenue increase for the 2025 fiscal year, signaling strong business momentum. This period also saw the company undertake a strategic restructuring, including a provision for approximately 90 redundancies, as it targets profitability. The financial performance underscores a dynamic phase for the payments platform amidst a competitive European fintech landscape. Turnover for the year ending June 2025 rose to £155.5 million from £131.3 million, driven by customer acquisition and renewals. GoCardless, which facilitates one-off and recurring payments via direct debit, saw its processed payment volume double to £79.2 billion, bolstered by the acquisition of open banking firm Nuapay. Concurrently, losses narrowed from £33.6 million to £25.5 million, reflecting a concerted effort towards cost control and operational efficiency. The restructuring, aimed at cost reduction and the establishment of new hubs in London and Lisbon, is expected to yield benefits in the current fiscal year. GoCardless reported its first adjusted EBITDA-positive quarter in the final quarter of 2025 and anticipates an EBITDA-positive year on an adjusted basis in 2026. This focus on financial health and expansion positions the company for continued growth, particularly as it prepares for its acquisition by Dutch peer Mollie.