• Delivered improved operating performance with 4.4% increase in gross profit to $220.1M
• EBITDA increased 10.6% to $61.6M, representing a 28.0% EBITDA margin
• Generated $19.6M in free cash flow, strengthening the balance sheet

Tyro Payments Ltd has reported its FY25 annual results, highlighting improved operating performance and continued strategic execution. The company delivered a 4.4% increase in gross profit to $220.1 million, supported by strong growth in its Health vertical and an improvement in gross payment margin. EBITDA increased by 10.6% to $61.6 million, representing an EBITDA margin of 28.0%. This performance was in line with the guidance set at the beginning of the financial year. Through this financial performance, Tyro generated $19.6 million in free cash flow for the year, further strengthening an already well-capitalised balance sheet. This gives the company significant capacity to pursue future organic and inorganic growth opportunities. During the year, Tyro actively explored an acquisition of a competitor, though the transaction did not proceed. The Board remains committed to supporting management as they continue to assess a range of potential M&A and strategic opportunities. Tyro enters FY26 with positive momentum, clarity on its strategic direction, and a team well-placed to deliver. While the operating environment is expected to remain challenging in the near-term, the company is optimistic about the positive signs emerging in its underlying performance as it enters the new financial year.

Tyro expects to deliver improved financial performance in FY26, with continued growth in gross profit, EBITDA, and free cash flow generation.

Tyro is focused on executing its strategic initiatives, which are centred around building industry-specific products and services, offering seamless payments experiences, and expanding into new sub-verticals such as Pet Insurance, Aged Care, unattended payments, and automotive. The company remains watchful of the operating environment but is optimistic about the positive trends emerging in its underlying performance as it enters FY26.