Australia · Delayed Price · Currency is AUD Tyro Payments Earnings Call Transcripts
Fiscal Year 2026
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RBA reforms will end card surcharging and lower interchange fees, increasing transparency and competition. The company expects a net neutral financial impact, with both revenue and costs decreasing as savings are passed to merchants. Transparent pricing and technology position it to benefit from these changes.
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Half-year results showed strong growth in payment volumes, profitability, and cash flow, supported by product enhancements and disciplined cost management. The Thriday acquisition and new banking products position the business for further expansion, with guidance reaffirmed for FY.
Fiscal Year 2025
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The meeting reviewed strong financial growth, improved profitability, and strategic progress, with leadership transitions and director elections. No dividend was declared as capital is reserved for growth, and the board addressed shareholder concerns on share price and takeover interest.
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FY 2025 delivered solid gross profit and EBITDA margin growth, with strong performance in health and banking segments. Guidance for FY 2026 targets higher gross profit and margin, driven by volume growth and new verticals, amid cautious optimism for improved macro conditions.
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RBA's new regulations banning surcharging and lowering interchange fees are expected to have a neutral to positive impact, with stable margins and new opportunities to acquire merchants as competitors relying on surcharging face disruption. Guidance for FY2025 is unchanged.
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H1 FY25 saw strong gross profit and EBITDA growth, led by health vertical outperformance and disciplined cost management. Guidance for FY25 is reaffirmed, with continued investment in technology and banking partnerships to drive future growth.
Fiscal Year 2024
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The AGM highlighted strong FY24 financial growth, strategic product innovation, and enhanced governance, with revised executive remuneration and new market initiatives. Shareholders supported all resolutions, and leadership addressed key risks, including regulatory and market challenges.
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Gross profit rose 9.1% to AUD 210.8M and EBITDA increased 31.6% to AUD 55.7M, with strong growth in non-discretionary verticals offsetting declines in discretionary sectors. FY25 guidance targets AUD 218–226M gross profit and a 28% EBITDA margin.