HiPay Group (ALHYP) H2 2025 earnings summary

Executive summary

• Processed 145 million commercial transactions in 2025, with payment volumes up 4.4% year-over-year.

• Revenue grew 0.7% (2.3% like-for-like) compared to 2024, with strong omnichannel payment growth and POS transaction revenue up 38.7%.

• EBITDA reached €8.2M (11.0% margin), and recurring operating income was €5.3M (7.0% margin), reflecting solid operational performance.

• Net income stable at €5.9M, representing 7.9% of revenue.

• Financial structure strengthened with shareholders' equity at €43.3M and cash at €16.0M.

Financial highlights

• Payment volume: €9,551.6M in 2025, up 4.4% from €9,152.4M in 2024.

• Revenue: €74.8M in 2025, up 0.7% from €74.2M in 2024.

• EBITDA: €8.2M, down €2.5M from 2024.

• Recurring operating income: €5.3M, down €0.9M from 2024.

• Net income: €5.9M, up €0.1M year-over-year.

Outlook and guidance

• 2026 targets: Accelerate volume growth to around +10% and maintain EBITDA margin of 10–11%.

• Revenue growth expected to accelerate in H2 2026, supported by new product launches and continued innovation investments.

• Business model seen as resilient despite sluggish consumer spending in France and Europe.