• Revenue of $220.9m (+9% on FY24)
• Underlying EBITDA of $58.6m (+13% on FY24)
• Cash balance improved 46% to $59.3m
• Commercial team renewing key clients, building pipeline and winning new business
• EML 2.0 progressing to plan

EML Payments Ltd has today released its FY25 Appendix 4E and Financial Results. The company's Executive Chairman Anthony Hynes said it has been an exceptionally busy and productive last eight months following the onboarding of a new leadership team from December 2024. EML has moved rapidly through its initial 100-day plan and laid many of the foundations for its EML2.0 strategy. Financial results have again improved with Underlying EBITDA increasing to $58.6m, up 13% on the prior corresponding period, towards the top of the company's guidance range. Revenue increased through a combination of customer and interest income which delivered a 9% improvement to $220.9m. Overheads were marginally over the $105m medium-term target at $108m for FY25 largely due to an investment in people ahead of efficiency and restructuring gains. EML's balance sheet has been improved with an extension and expansion of its debt facilities. The company's new pipeline is building rapidly, increasing to $66m. EML is signing new contracts and seeing its teams busy with program implementations. Eight of the top thirty clients renewed in the year. The company is also advancing product development for the first time in more than three years. EML has restructured its teams globally to a functionally aligned model with regional leadership which will greatly aid its change agenda and drive for synergy benefits, particularly as Project Arlo moves into the implementation phase in FY27. The plan for FY26 is focused on completing the restructuring program and ensuring all foundation work streams have been completed and the operating rhythm, tools and people are in the right shape for the second phase of EML2.0 which is acceleration and new technology platform deployment (Arlo).

FY26 Underlying EBITDA guidance of $58m-$63m

EML's plan for FY26 is focused on completing its restructuring program and ensuring all foundation work streams have been completed and the operating rhythm, tools and people are in the right shape for the second phase of EML2.0 which is acceleration and new technology platform deployment (Arlo).