Key points
- Met FY26 guidance, delivering stronger earnings and profitable growth
- Gross profit increased by 5.3% to $231.8m
- Free cash flow rose by 49.5% to $29.4m
- Banking adoption increased by 34.6% with more merchants using Tyro Banking
- EBITDA margin improved by 87 basis points to 28.9%
Full summary
Tyro Payments Ltd announced its FY26 results, highlighting strong performance across various metrics. The company met its guidance with gross profit rising by 5.3% to $231.8 million and free cash flow increasing by 49.5% to $29.4 million. Banking adoption saw a significant increase of 34.6%, with more merchants using Tyro Banking. EBITDA margin improved by 87 basis points to 28.9%. The company's strategy of investing in growth opportunities, particularly in Health, Banking, Enterprise, and eCommerce, is paying off with higher customer economics and stronger shareholder returns. The presentation also outlined the company's outlook for FY27, with guidance for gross profit between $240 million and $255 million and an EBITDA margin of 28.5% to 30.5%.
Guidance
FY27 gross profit guidance: $240M-$255M; EBITDA margin guidance: 28.5%-30.5%
Outlook
Tyro is confident in executing its strategy for FY27, aiming to convert capabilities into growth, particularly in Health, Banking, Enterprise, and eCommerce.