Tap Global Group Plc (LSE:TAP) shares soared more than 45% higher after a trading update said revenue, in the year ended 30 June, will amount to £3.44 million, which represents a 30% gain.
The company said income will be further boosted by £0.42 million from the recovery of Bitcoin, as previously announced in May 2025, and the board expects the business will be materially EBITDA positive for the year.
"I am delighted with Tap Group's performance in the financial year which ended recently, driven by crypto trading revenues, an expanding active customer base and a broadening of income streams," chief executive Arsen Torosian said in a statement.
"Tap Group is leading the way in providing a platform that allows both consumers and businesses to bridge the gap between traditional finance and blockchain technology and we have a number of exciting developments in the pipeline to propel growth in the current financial year and beyond."
Tap shares were up 47% changing hands at 2.06p, valuing the business at £26.6 million, and they are up 116% over the past month.