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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO . 596/2014 ( " MAR " ) 14 September 2021 Equals Group plc ( ' Equals ' or the ' Group ' ) Interim Results Strong B2B growth underpins strategic move from both retail and travel FX . Adjusted EBITDA significantly ahead of expectations and operationally cash generative . Equals ( AIM : EQLS ) , the fintech payments group focused on the SME marketplace , announces its interim results for the six months ended 30 June 2021 ( the ' period ' or ' H1-2021 ′ ) . H1-2021 Financial Highlights £ millions Underlying transaction values - B2B - B2C Revenue - B2B - B2C Gross profit Adjusted EBITDA * Operational cash in / ( out ) flows Cash at bank H1-2021 H1-2020 H2-2020 2,308 1,560 1,933 1,996 1,209 1,633 312 351 299 16.9 13.8 15.2 11.6 9.2 11.0 5.3 4.6 4.2 10.2 8.7 9.6 1.6 0.7 0.5 0.8 ( 2.8 ) 0.4 10.1 7.9 10.0 Totals may not sum due to rounding . Percentages are calculated on underlying figures before rounding . Where costs cannot be accurately attributed to each segment , they have been allocated on the basis of revenue . • Group revenue increased by 23 % to £ 16.9 million ( H1-2020 : £ 13.8 million ) . B2B revenue increased YoY by 25 % to £ 11.6 million as the Group continued its focus on SMEs B2B in Q3-2021 represents over 80 % of total revenue up from 67 % in H1-2020 • Gross profit increased by 17 % to 10.2 million , broadly reflecting the YoY increase in revenue • Contribution increased by 24 % to £ 9.8 million ( H1-2020 : £ 7.9 million ) , and contribution margin consistent at 58 % • Gross operating expenditure lower by 14 % on H2-2020 through strategic tight control of costs • Adjusted EBITDA * increased by 128 % to £ 1.6 million ( H1-2020 : £ 0.7 million ) • Non - Adjusted EBITDA of £ 0.8 million with £ 0.6 million of exceptional costs ( H1-2020 : £ 0.5 million loss with £ 1.0 million of exceptional costs ) .