Tyro Payments FY26 Interim Report

• Delivered gross profit of $117.6 million, a 5.0% increase
• EBITDA increased by 19.8% to $39.5 million, representing an EBITDA margin of 33.6%
• Statutory profit before tax increased by 72.3% to $17.7 million

In the first six months of FY26, Tyro Payments Limited made excellent progress against its strategy to deliver integrated payments and banking. The company delivered gross profit of $117.6 million, a 5.0% increase compared to the prior period, driven by a 5.6% increase in Tyro Core payment volumes. EBITDA increased by 19.8% to $39.5 million, representing an EBITDA margin of 33.6%. Tyro's statutory profit before tax increased by 72.3% to $17.7 million. The company also announced the acquisition of Thriday, an AI-powered financial management platform for small businesses, which will help make doing business easier for Tyro's merchants. Tyro's financial position remains strong, with total cash and financial investments of $202.0 million, providing sufficient liquidity to fund the company's growth strategy. The group is also well-capitalized, with a total capital ratio of 74.3%, well above APRA's prudential capital requirements.

Tyro expects gross profit to be between $230 million and $240 million in FY26, representing growth of between 4.5% and 9.0% compared to FY25.

Tyro is focused on delivering integrated payments and banking solutions to its merchants, with the successful launch of its new transaction account and lending product in the first half of FY26. The acquisition of Thriday will further enhance the company's offerings and help make doing business easier for its customers.