Hightech Payment Systems (HPS) investor relations material

Executive summary

• H1 2026 operating revenue rose 13.1% YoY to MAD 760.6m; constant-currency growth was 11.9%, with Q2 growth accelerating to 15.1% from 10.7% in Q1.

• Higher revenue and cost growth of 6.0% lifted EBITDA 74.7% to MAD 121.9m; net income returned to MAD 34.8m from a MAD 47.3m loss.

• Full-year 2026 organic growth guidance of 12%–17% and progressive EBITDA-margin improvement was reaffirmed.

Financial highlights

• Operating revenue was MAD 760.6m, up 13.1% YoY; activity revenue reached MAD 740.9m, up 16.4%.

• Recurring revenue totaled MAD 576.2m, up 13.5%, and represented 75.8% of consolidated revenue versus 75.5% a year earlier.

• Operating expenses rose 6.0% to MAD 638.7m, below revenue growth; EBITDA increased to MAD 121.9m from MAD 69.8m.

• Net income attributable to shareholders was MAD 34.8m versus a MAD 47.3m loss; the financial result improved MAD 30.9m YoY.

• At constant exchange rates, EBITDA was MAD 114.5m, up 64.1%, with a 15.2% margin.

Outlook and guidance

• FY 2026 organic growth guidance remains 12%–17%, with progressive EBITDA-margin improvement versus 2025.

• H2 growth drivers include conversion of the MAD 1,729m backlog, SaaS platform ramp-ups in North America, Australia and Asia, and continued upselling.

• Cost discipline, innovation in cloud, AI, open banking and open finance, and improved cash conversion as billing milestones advance are priorities.