W.A.G Payment Solutions PLC (Eurowag) reported strong preliminary results for 2025, highlighting double-digit net revenue growth, improved profitability, and reduced leverage. Key achievements include the successful launch of the Eurowag Office digital platform, with 35% customer adoption and a Net Promoter Score increase to 43.8. Financial highlights include a 12.9% rise in net revenue to โฌ330.1 million, driven by Payment Solutions growth, and an 8.5% increase in Adjusted EBITDA to โฌ132.1 million. The company reduced net debt to โฌ216.2 million and maintained a robust free cash flow. Strategic priorities for 2026 focus on customer migration to Eurowag Office, with guidance for low double-digit net revenue growth and Adjusted EBITDA margin around 40%. The Board recommended a second special dividend of 1.5p per share.
Here is the HTML table code comparing the financials and debt year on year for W.A.G Payment Solutions PLC:
| Metric | FY 2025 (โฌm) | FY 2024 (โฌm) | YoY Change |
|---|
| Total Net Revenue | 330.1 | 292.5 | 12.9% |
| Payment Solutions Net Revenue | 200.4 | 166.9 | 20.1% |
| Mobility Solutions Net Revenue | 129.7 | 125.6 | 3.3% |
| Adjusted EBITDA | 132.1 | 121.7 | 8.5% |
| Adjusted Cash EBITDA | 98.0 | 88.7 | 10.5% |
| Net Debt | 216.2 | 275.5 | (21.5%) |
| Net Leverage Ratio | 1.9x | 2.3x | (17.4%) |
**Key Observations:** - **Revenue Growth:** Total net revenue increased by 12.9%, driven primarily by a 20.1% growth in Payment Solutions net revenue.
- **Profitability:** Adjusted EBITDA and Adjusted Cash EBITDA both showed healthy growth, indicating improved operational efficiency.
- **Debt Reduction:** Net debt decreased significantly by 21.5%, leading to a lower net leverage ratio of 1.9x compared to 2.3x in the previous year. This reflects the company's focus on debt reduction and improved financial health.