Smartpay Holdings interim results overview

Smartpay Holdings (ASX:SMP) has released its interim financial results for the half-year ending 30 September 2024. The company reported a revenue increase of 8%, reaching $50.8 million, up from $46.9 million in the previous year. While the Australian acquiring transactional revenues grew by 9% to $41.5 million, the normalised EBITDA saw a decline of 26% to $7.9 million. Additionally, the company recorded a normalised net loss before taxation of $0.2 million.

Smartpay Holdings' strategic direction and outlook

Smartpay Holdings has outlined its strategic direction with a focus on expanding its presence in the Australian market and making early-stage investments in the New Zealand acquiring market. The launch of a next-generation Android terminal and a nationwide brand campaign has been central to their growth in Australia. Despite a decrease in EBITDA, these investments are set to modernise and strengthen the company's business platforms. Smartpay's commitment to delivering comprehensive in-store payment solutions aims to support sustainable growth across its trans-Tasman customer base. The company remains focused on leveraging opportunities in both Australia and New Zealand to enhance its market position.

Executive insights on financial performance

The decline in EBITDA reflects strategic investments in growth and development of New Zealand payment products. Focus on modernising and strengthening business platforms and infrastructure.