Tyro Payments (TYR) H2 2025 earnings summary

Executive summary

• FY25 saw strong momentum in payments and banking, with EBITDA growth of 10.6% to $61.6 million and a 28% margin, laying foundations for future growth into FY26.

• Top-line growth and margin expansion were achieved in line with guidance, supported by financial discipline.

• Expanded into new verticals including pet health, aged care, automotive, and unattended payments, targeting a $40 billion addressable market.

• Significant progress in product innovation, AI adoption, and new platform launches enhanced customer experience and operational efficiency.

• The business is now more profitable and resilient, with a refined strategic focus and larger addressable market.

Financial highlights

• Gross profit reached $220.1 million, up 4.4% year-over-year, with an EBITDA margin of 28%.

• EBITDA of $61.6 million, with a three-year CAGR of almost 80%.

• Net income improved from a loss of $16.1 million to a profit of $17.7 million, though statutory net profit after tax declined 30.7% to $17.8 million.

• Free cash flow was $19.6 million, with strong cash generation despite one-off items.

• Statutory PBT was $17.8 million, with EPS of 3.39 cents per share.

Outlook and guidance

• FY26 gross profit guidance set at $230–$240 million, driven by volume growth and new verticals, with EBITDA margin expected between 28.5% and 30%.

• Several hundred million dollars in transaction value expected from new verticals in FY26.

• Focus remains on leveraging proprietary tech, omni-channel offerings, and expanding addressable market.

• Optimism for improved trading conditions, especially in health and discretionary sectors.

• Positive trends in payment volumes and banking adoption into Q1 FY26 support the outlook.