Overview of EML Payments strategic update

EML Payments (ASX:EML) recently held its Annual General Meeting, highlighting its strategic achievements and future plans. The company successfully navigated a challenging FY24, completing key initiatives that simplified its business structure. EML now focuses on sustainable growth and has set ambitious goals for the coming years.

EML Payments' strategic goals and financial outlook

EML Payments is transitioning to a global operating model, aiming for double-digit transaction revenue growth by FY27. The company completed significant strategic initiatives in FY24, including UK remediation and the sale of Sentenial/Nuapay. EML's medium-term strategy, EML 2.0, focuses on sustainable growth through customer relationships, entering new markets, and enhancing its technology platform. With a strong leadership team and a clear focus, EML is positioned to capitalize on market opportunities and drive future growth. The company confirmed its FY25 underlying EBITDA guidance of A$54-$60 million, supported by promising Q1 trading results.

Executive insights on EML Payments' strategic direction

Our successful navigation through a challenging financial year has positioned us well for future growth. The completion of our UK remediation program and the liquidation of PCSIL have been pivotal in simplifying our business. With the sale of Sentenial/Nuapay, we have strengthened our balance sheet and are now in a net cash position. Our strategic focus, EML 2.0, emphasizes nurturing existing customer relationships, expanding into new verticals, and exploring new geographies. We are committed to achieving double-digit transaction revenue growth by FY27.