Tyro Payments (TYR) investor relations material

Executive summary

• Achieved strong half-year results with gross profit up 5.0% to $117.6 million, driven by increased payment volumes, product enhancements, and disciplined operations.

• EBITDA increased 19.8% to $39.5 million (margin 33.6%), and statutory profit before tax surged 72.3% to $17.7 million, reflecting operational leverage and cost control.

• Acquisition of Thriday deepens integrated SME offering, adding automated invoicing, expense management, and tax tools.

• Focused investment in growth opportunities across health, banking, e-commerce, and larger merchants, with improved customer value and retention.

• Launched new transaction account and lending product, supporting multi-product adoption and increased customer lifetime value.

Financial highlights

• Core payment volumes (TTV) grew 5.6% year-over-year to $22.9 billion, with payments gross profit up 6.0% to $104.1 million.

• Gross profit (normalised) increased 5.0% to $117.6 million; banking gross profit up 5.4% to $8.2 million.

• EBITDA rose 19.8% to $39.5 million; statutory profit before tax up 72.3% to $17.7 million.

• Free cash flow increased 52% to $13.6 million.

• Banking segment saw account balances up 28% and loan originations up 19% year-over-year.

Outlook and guidance

• FY26 gross profit guidance maintained at $230–$240 million, with EBITDA margin expected at 28.5%–30%.

• Second half to see higher OpEx due to salary increases, project/marketing spend, and AML compliance investment.

• Confident in full-year delivery despite increased second-half investment.