Optasia H1 revenue rises 58% to $185.3m

Financial technology firm Optasia reported a significant 58% year-over-year increase in revenue to $185.3 million for the first half of 2026. This growth was driven by the expansion of mobile and financial services, as well as the rollout of new product deployments. Adjusted EBITDA rose 45% to $77.9 million, while normalized net income increased by 40% to $39.3 million.

Adjusted free cash flow expanded by 150% to $32.7 million, with cash conversion improving to 41.9% from 24.3%. Optasia CEO Salvador Anglada attributed the strong performance to growth across the company's service lines, noting that Ghana continued to see robust expansion, while Pakistan, Indonesia, and Congo-Brazzaville also demonstrated solid performance.

The mobile and financial services segment accounted for 72% of group revenue, up from 62% in the same period last year, with an 84% year-over-year increase in revenue. The company's distributed value for business partners rose 46% to $3.5 billion, with credit performance remaining stable at a 1.3% default rate. Optasia expects its revenue base to become more diversified as existing and new markets scale, with H1 2026 performance reflecting confidence in its updated full-year growth targets of 30% to 40% across revenue, adjusted EBITDA, and normalized net income.