HiPay Group (ALHYP) Q1 2026 TU earnings summary

Executive summary

• Payment volume grew 7.5% year-over-year to €2.5 billion in Q1 2026, while revenue declined 3.9% to €18.3 million.

• Signed 65 new customer contracts, particularly in the retail sector, reinforcing omnichannel positioning.

• Strong commercial momentum with notable new retail brands and continued expansion in regulated iGaming.

Financial highlights

• Payment volume increased to €2,468 million from €2,295 million year-over-year.

• Revenue decreased to €18.3 million from €19.1 million year-over-year.

• Revenue-to-payment volume ratio fell to 0.74%, down 0.04 points from the 2025 annual average.

• POS transaction revenue rose 3.2% year-over-year.

• iGaming sector payment volume grew 24.5% year-over-year.

Outlook and guidance

• Full-year 2026 payment volume growth expected at around 10%.

• Revenue growth anticipated to resume in the second half of 2026, supported by new product launches.

• EBITDA targeted at around 10–11% of revenue for 2026.

• Continued investment in innovation and new services for merchants.