- PayPoint
- 12 June 2025 10:07:43
Source: Sharecast
The tech firm, which provides in-store and online payment services, said revenues rose 1.4% in the year to 31 March, to £310.7m.
Underlying earnings before interest, tax, depreciation and amortisation jumped 10.7% at £90m.
Pre-tax profits fell 45%, however, to £26.3m, on the back of one-off costs, including legal fees and accelerated amortisation.
Nick Wiles, chief executive, said: “These results reflect both the resilience of our business in the current challenging economic environment and the impact of our growing capabilities as we unlock further opportunities and growth across our four business divisions.
He added that the company had also taken “further significant steps” towards delivering EBITDA of £100m by the end of the current year.
PayPoint also published longer-term targets, including net revenue growth in the range of 5% and 8% by the end of the 2028 full-year and reducing at least 20% of the issued share capital.
As at 0945 BST, shares in PayPoint were up 5% at 794.84p.
Wiles said: “Our continued confidence in the growth opportunities in the business, and the execution of our plan to deliver strong earnings growth and cash flow generation, combined with a sustained dividend policy, provide a robust platform for the board to further enhance shareholder returns through an increased and extended share buyback programme of at least £30m per annum until the end of March 2028.”