Tyro Payments (TYR) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional land owners, and outlined technical instructions for virtual participation, focusing on strategic priorities and shareholder outcomes for FY25.

• Introduced board members, CEO, CFO, company secretary, leadership team, and audit partner.

• Agenda included board update, CEO performance review, formal business, and Q&A.

Financial performance review

• Gross profit grew by 4.4% in FY25, reaching AUD 220.1 million, with EBITDA margin improving to 28% from 26.4%.

• Net profit before tax was AUD 17.8 million, reversing a prior loss.

• Over three years, gross profit CAGR was 14%, expenses grew at 3.7%, and EBITDA CAGR was nearly 80%.

• Cost management reduced operating expenses as a percentage of gross profit to 69%.

• FY26 guidance targets gross profit of AUD 230–240 million and an EBITDA margin of 28.5–30%.

Board and executive committee updates

• CEO Jon Davey announced his departure, with CFO Emma Burke to act as interim CEO until Nigel Lee joins in January 2026.

• Nigel Lee appointed as new CEO, bringing over 25 years of global payments and fintech experience.

• Board engaged in CEO search, emphasizing leadership and strategic fit.

• The leadership team is described as highly experienced and diverse, covering product, technology, health, people, risk, and growth.