Core Insights - Nayax Ltd. reported strong financial results for Q3 2025, with total revenue of $104.3 million, reflecting a 25.7% increase compared to Q3 2024, driven by both new and existing customer expansion [4][7] - The company reaffirmed its full-year organic revenue growth guidance of at least 25%, while updating its revenue and Adjusted EBITDA guidance due to delays in certain strategic M&A transactions [3][12] Financial Performance - Total revenue for Q3 2025 was $104.3 million, up from $83.0 million in Q3 2024, representing a growth of 25.7% [4] - Payment processing fees increased by 32.5% to $47.7 million, while SaaS revenue grew by 23.0% to $29.4 million [4] - Adjusted EBITDA for the quarter was $18.2 million, with a margin of 17.5%, compared to $11.1 million and a margin of 13.3% in Q3 2024 [7][11] Operational Metrics - Total transaction value grew by 34.6% to $1.763 billion, with the number of processed transactions increasing by 20.9% to 736 million [5][8] - The dollar-based net retention rate remained high at 122%, indicating strong customer satisfaction [8] - The company managed approximately 1.433 million connected devices, an increase of 16.8% [8] Strategic Developments - Nayax signed a non-binding letter of intent to acquire Integral Vending, enhancing its position in the Latin American market [10] - The company partnered with ChargeSmart EV to improve payment experiences for EV drivers, integrating Nayax's solutions into ChargeSmart's operations [8][9] - Nayax also announced a strategic partnership with Autel Energy to embed its payment technology into 100,000 EV chargers by the end of 2026 [9] Financial Outlook - The updated revenue guidance for 2025 is projected to be between $400 million and $405 million, reflecting a growth of 27% to 29% [12] - Adjusted EBITDA guidance for the full year is now between $60 million and $65 million, down from a previous estimate of $65 million to $70 million [13] - The company continues to target a gross margin of 50% and an Adjusted EBITDA margin of 30% by 2028 [14]
Nayax Reports Third Quarter 2025 Results