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Nayax (NYAX) investor relations material
Nayax Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary19 Nov, 2025
Executive summary
Q3 2025 revenue reached $104.3 million, up 26% year-over-year, with organic revenue growth of 24.7%.
Recurring revenue rose 29% to $77.1 million, representing 74% of total revenue.
Net income increased to $3.5 million from $0.7 million in Q3 2024.
Customer base expanded 21% to nearly 110,000, and device install base grew 17% to over 1.4 million.
Transaction value processed increased 35% to $1.8 billion, with total transactions up 21% to 736 million.
Financial highlights
Gross margin improved to 49.3% from 45.7% year-over-year; recurring margin reached 53.6%.
Adjusted EBITDA was $18.2 million (17.5% of revenue), up 64% year-over-year.
Operating profit for the quarter was $7.8 million, up from $1.5 million in Q3 2024.
Adjusted OPEX was 32.2% of revenue, reflecting disciplined cost management.
Free cash flow for the quarter was $3.9 million.
Outlook and guidance
2025 revenue guidance updated to $400–$405 million (27–29% growth), reflecting delayed M&A, with at least 25% organic revenue growth.
Adjusted EBITDA guidance for 2025 revised to $60–$65 million, with at least 15% margin and at least 50% free cash flow conversion.
2028 targets reaffirmed: 35% annual revenue growth, 50% gross margin, and 30% adjusted EBITDA margin.
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Q4 20253 Mar, 2026
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Frequently asked questions
Nayax Ltd. is a fintech company providing a system and payment platform, which is utilized by retailers across the globe. The company's product range is extensive, featuring solutions like AMIT 3.0 for vending telemetry, Nayax Core for management and monitoring of unattended machines, and a suite of consumer engagement and loyalty platforms, including MoMa, Monyx Wallet, and Tigapo app. Nayax's technology supports a wide variety of sectors, such as vending machines, coffee services, unattended retail, and electric vehicle charging stations, to name a few. With its direct sales and network of resellers and distributors, Nayax addresses the needs of vending machines, coffee machines, self-service kiosks, and more, aiming to enhance operational efficiencies and customer engagement for its clients. The company is headquartered in Herzliya, Israel, and its shares are listed on the Nasdaq.
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