- PayPoint
- 11 June 2026 11:15:43
Source: Sharecast
The London-listed payments and services group said revenue rose 8.5% to £337.0m in the year ended 31 March, while net revenue increased 1.7% to £190.8m.
Underlying EBITDA rose 2.2% to £92.0m.
Underlying profit before tax increased 1.5% to £69.0m from £68.0m, while statutory pre-tax profit more than doubled to £55.5m from £26.3m, reflecting a sharp reduction in adjusting items compared with the prior year.
Diluted underlying earnings per share rose 6.5% to 73.6p, while diluted statutory earnings per share increased to 58.4p from 26.3p.
PayPoint said net corporate debt rose to £132.5m from £97.4m, as expected, reflecting strategic investments and the ongoing share buyback programme.
The company proposed a final dividend of 20.0p per share, up 2.0% from 19.6p last year.
The group said it returned more than £90m to shareholders during the year through share buybacks, ordinary dividends and a special dividend.
Its share buyback and share consolidation have reduced shares in issue by 16.2% since March 2024, with a further £30m buyback planned across the 2027 and 2028 financial years.
Under its historical divisional structure, shopping net revenue increased 1.7% to £66.3m, supported by higher service fee income, while e-commerce net revenue fell 4.9% to £15.6m as higher parcel transactions were offset by the impact of the InPost/Yodel commercial reset.
Payments and banking net revenue rose 1.8% to £55.4m, with total digital net revenue, including MultiPay and Open Banking, up 25.8% to £19.5m.
MultiPay underlying net revenue increased 17.9% to £7.9m, while PayPoint’s Open Banking revenue rose to £1.3m from £0.8m.
Love2shop net revenue increased 3.5% to £53.5m, with billings up 5.0% to £385.8m.
Love2shop Business billings rose 4.9% to £182.0m, while Park Christmas Savings billings increased to £164.4m from £163.0m.
PayPoint said its BankLocal service, launched with Lloyds Banking Group in August 2025, processed more than £47m of cash deposits during the year, with the weekly run rate rising to about £3m by the end of March.
Nationwide went live with the service in April, and the group plans to expand card deposit sites to 10,000 locations during the 2027 financial year.
The company also highlighted its Royal Mail partnership, with 8,500 sites now live with Royal Mail services and the Royal Mail Shop brand, including 3,000 offering over-the-counter services.
Collect+ parcel transactions increased 1.5% to 135.4 million.
PayPoint said it was reorganising into four business units - Network Services, Digital Payments and Open Banking, Love2shop and Merchant Services.
It said the new structure was intended to improve accountability, execution and cost efficiency, while supporting a target of 5% to 8% annual net revenue growth.
Under the new structure, Network Services net revenue was £92.4m, down 2.0%; Digital Payments and Open Banking rose 43.3% to £13.3m; Love2shop increased 3.5% to £53.5m; and Merchant Services fell 2.5% to £31.6m.
Chief executive officer Nick Wiles said PayPoint had delivered record profits and enhanced shareholder returns despite a weak economy, low consumer confidence and specific business headwinds.
“These results have been achieved through a combination of a resilient performance from the underlying business and encouraging new business growth in a number of key areas,” he said.
Wiles said early indications for the new financial year showed a positive start, with resilient underlying trading and encouraging new business wins.
The board expects profit to be more weighted to the second half, reflecting new business contributions and seasonal activity, and remains confident of exceeding 2026 underlying profit and delivering results in line with market expectations.
At 1056 BST, shares in PayPoint were up 4.23% at 579p.
Reporting by Josh White for Sharecast.com.
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