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Nayax (NYAX) investor relations material

Nayax Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary13 Aug, 2025

Executive summary

  • Revenue grew 22% year-over-year to $95.6M in Q2 2025, with recurring revenue up 32% to $70.7M, representing 74% of total revenue and gross margin improving to 48.3%.

  • Net income reached $11.7M, turning positive from a prior year loss; adjusted EBITDA was $12.6M (13% margin), up 56% year-over-year.

  • Customer base expanded 24% to 105,000, with managed and connected devices up 16% to 1.38M and churn rate at 2.8%.

  • Major partnerships in the EV charging vertical, including deals with Autel Energy and Lynkwell, and strategic acquisitions in Benelux and Brazil.

  • Reaffirmed 2025 guidance and highlighted robust demand in emerging verticals like EV charging, smart coolers, and retail.

Financial highlights

  • Total transaction value increased 34% year-over-year to $1.6B, driving 35% growth in processing revenue to $43.1M.

  • Gross margin improved to 48.3% from 44.3%, with recurring margin at 52.8% and hardware margin at 35.4%.

  • Adjusted EBITDA was $12.6M (13% of revenue), up from $8.1M last year; operating profit was $9.5M, including a $5.6M one-time gain.

  • Free cash flow for Q2 2025 was $5.6M, up from $2.9M in Q2 2024; cash and equivalents totaled $172M, with $156M in debt.

  • Basic EPS was $0.316, up from a loss of $(0.083) per share in Q2 2024.

Outlook and guidance

  • Full-year 2025 revenue guidance reaffirmed at $410M–$425M (30–35% growth), with at least 25% organic growth and $65M–$70M adjusted EBITDA.

  • Free cash flow conversion expected at a minimum of 50% of adjusted EBITDA.

  • 2028 targets include 35% annual revenue growth, 50% gross margin, and 30% adjusted EBITDA margin.

  • Guidance assumes strong customer demand, stable macroeconomic conditions, and stronger performance in the second half of 2025.

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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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