PaySauce (PYS) AGM 2026 summary

Opening remarks and agenda

• Hybrid meeting opened with Chair, CEO and CFO addresses, followed by an auditor-remuneration resolution and shareholder questions. Proxies covered ~32 million shares, over 40% of total shares; quorum confirmed.

Financial performance review

• FY 2026 operating revenue NZD 9.2m vs NZD 9.0m in FY 2025; processing fees rose 13% to NZD 7.2m, partly offset by interest income down NZD 0.5m to NZD 1.8m.

• Pre-tax profit was NZD 0.17m; operating expenses rose 5% to NZD 8m. R&D increased 16% to NZD 3.3m, including NZD 2.1m capitalized.

• Customers rose 5% to 8,600; monthly average revenue per user increased to NZD 87 from NZD 86. Cost to serve was NZD 19 per customer; AI agent resolved nearly 80% of chat queries.

• NZ operations generated NZD 2m operating cash; January 2026 capital raise netted NZD 4.56m. FY-end cash was NZD 4.5m; the raise was 25% oversubscribed.

• In the first-quarter update, processing fees rose 11% YoY to NZD 1.9m, ARR rose 8% to NZD 9.5m and recurring revenue rose 5% to NZD 2.3m; interest income fell 17% to NZD 0.4m.

Board and executive committee updates

• Director Mark Samlal is retiring at the conclusion of the AGM; the Chair thanked him for his payroll-industry experience, commercial judgment and board contribution.

• CEO Asantha Wijeyeratne relocated to Melbourne during Australian market entry to build the local team and embed its culture.