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]

Core Insights - Nayax Ltd. reported a revenue of $95.6 million for Q2 2025, reflecting a 22.4% increase from $78.1 million in Q2 2024, driven by both new and existing customer expansion [5][9] - The company achieved a recurring revenue growth of 32%, totaling $70.7 million, which constituted 74% of total revenue [9][12] - Gross margin improved to 48.3%, up from 44.3% in the previous year, attributed to enhanced operational efficiencies and renegotiated contracts [9][10] Financial Performance - Total transaction value increased by 34.3% to nearly $1.6 billion, with the number of processed transactions rising 24.5% to 726 million [7][10] - Adjusted EBITDA for the quarter was $12.6 million, representing a margin of 13% of total revenue, compared to $8.1 million and 10% in the prior year [9][12] - Net income for Q2 2025 was $11.7 million, a significant improvement from a net loss of $3.0 million in the prior year [9][10] Operational Metrics - The customer base grew by 23.5%, adding nearly 5,000 new customers, bringing the total to approximately 105,000 [17] - The dollar-based net retention rate remained high at 123%, indicating strong customer satisfaction [17] - The company managed approximately 1.38 million connected devices, an increase of 16.1% from the previous year [10][17] Strategic Initiatives - Nayax announced a strategic partnership with Autel Energy to integrate its payment technology into 100,000 EV chargers across North America and Europe by the end of 2026 [17] - The company completed the acquisition of Nayax Capital, enhancing its embedded finance solutions [17] - Nayax also acquired Inepro Pay, expanding its reach in the Benelux region and improving operational efficiency [17] Future Outlook - For the full year 2025, Nayax reaffirmed its revenue growth guidance of 30% to 35%, projecting revenue between $410 million and $425 million [12][13] - The company expects at least 50% free cash flow conversion from Adjusted EBITDA for the full year 2025 [13] - Management targets an annual revenue growth of approximately 35% by 2028, with a gross margin of 50% and an adjusted EBITDA margin of 30% [14]