Tyro Payments (TYR) H2 2025 earnings summary

Executive summary

• FY 2025 saw strong momentum in payments and banking, laying foundations for future growth and accelerating strategic initiatives.

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

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

• Significant progress in product innovation, AI adoption, and expansion into new industry verticals.

Financial highlights

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

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

• Net income improved from a loss of AUS 16.1 million to a profit of AUS 17.7 million.

• Free cash flow of AUS 19.6 million generated in FY 2025.

• Statutory PBT was AUS 17.8 million, with EPS of AUS 0.0339 per share.

Outlook and guidance

• FY 2026 gross profit guidance set at AUS 230–240 million, driven by volume growth rather than pricing.

• Targeting an EBITDA margin of 28.5%–30% for FY 2026.

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

• Several hundred million dollars in transaction value expected from new verticals in FY 2026.

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