• Gross profit grew 6.5% to $112.0 million
• EBITDA grew 20.6% to $33.0 million, with a 29.5% EBITDA margin
• Net profit before tax doubled to $10.3 million

Tyro Payments Limited (Tyro) today announced its results for the first half of the 2025 financial year, reporting solid top-line growth and an improved EBITDA margin driven by an ongoing focus on margin management and effective cost discipline. Gross profit grew 6.5% on H1 FY24 to $112.0 million, supported by increased adoption of integrated banking, with 34% growth in banking users and 9.1% growth in banking gross profit. Tyro Health also delivered a 16.2% increase in transaction volume. EBITDA grew 20.6% on H1 FY24 to $33.0 million, with an EBITDA margin of 29.5%. Net profit before tax (statutory) doubled to $10.3 million from $5.1 million in H1 FY24. The company also generated strong free cash flow of $9.0 million. Tyro CEO and Managing Director, Jon Davey, commented that the company's focus on delivering sustainable, profitable growth has led to these strong results, and that Tyro is well positioned to deliver on its FY25 guidance. Tyro continued to invest in priorities that enhance the merchant value proposition, including the launch of Payment Links and the upcoming release of the new Tyro Pro Key terminal. The company also saw encouraging top-line growth in new business volumes, despite soft market conditions.

Tyro reaffirms its guidance for FY25 of gross profit between $218m and $226m and an expanded EBITDA margin of c.28%.

With its continued profitable growth, Tyro is confident that it is well positioned to deliver on its FY25 guidance.