EML Payments Limited (ASX:EML) Announces 1HFY25 Results
Financial Performance
EML Payments Limited (ASX:EML) reported a revenue of $115.1 million for the first half of FY25, marking a 15% increase compared to 1HFY24. The group’s underlying EBITDA surged by 50% to $33.4 million. Statutory net profit after tax (NPAT) significantly improved to $9.5 million, reversing a loss of $4.7 million from the previous comparable period. The company’s cash balance also saw an improvement, reaching $50.6 million.
Future Outlook
EML reaffirmed its FY25 underlying EBITDA guidance of $54-$60 million. The company reports that the commercial team is actively closing deals and building a robust pipeline, while the EML 2.0 strategy is progressing as planned. The company remains focused on operational efficiency, customer relationships, and growth through vertical expansion into new markets.
Executive Comments
Executive Chairman Anthony Hynes stated, “Our financial metrics are improved against H1FY24 with growth in both customer and interest revenue with total revenue up 15% to $115.1m, improved EBITDA up 50% to $33.4m and a material improvement in our statutory NPAT performance from a PCP loss of $4.7m to a profit this half of $9.5m.” He continued, “Much of our focus is laying the building blocks for EML 2.0 starting with cementing our leadership group and organisational structure simplification across the business to realise synergies; good progress has been made in this key area over the last two months. The business is in a much better cadence and is focused on operational efficiency, customer relationships, growth and empowering our people to be their best under a one EML ethos. We are working rapidly to remove the inefficiencies caused by minimal integration of our global businesses over the last five years.”
Motley Fool contributor Matt Burgess has positions in EML Payments. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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