Fourth Quarter and Full Year 2025 Results Yair Nechmad CEO & Co-Founder Sagit Manor CFO Aaron Greenberg CSO 3 3 March 9, 2026 1 Important Disclosure Forward-looking statements, risk factors, and non-GAAP financial measures referenced in this presentation 2 • This presentation is intended to provide general information only and is not, and should not be considered, as an offer to purchase or sell the Company's securities, or a proposal to receive such offers. In addition, this presentation is not an offer to ...

Core Insights - Nayax Ltd. reported a full year revenue of $400.4 million, with a recurring revenue growth of 29% and an organic revenue growth of 24% [1][6] - The company achieved a net income of $35.5 million and an Adjusted EBITDA of $61.1 million for the year [1][9] - For 2026, Nayax expects revenue guidance between $510 million and $520 million, with Adjusted EBITDA guidance of $85 million to $90 million [1][17][20] Financial Performance - Total revenue increased by 27.5% from $314.0 million in 2024 to $400.4 million in 2025 [4][6] - Recurring revenue, which includes SaaS and payment processing fees, grew by 29.2% to $287.2 million, representing 72% of total revenue [9] - Payment processing fees rose by 30.1% to $174.1 million, while SaaS revenue increased by 27.9% to $113.1 million [4][9] - Gross margin improved to 48.2% from 45.1%, with recurring margin rising to 53.3% from 51.3% [9] Operational Metrics - Total transaction value grew by 32.3% to $6.449 billion, with the number of processed transactions increasing by 20.8% to 2.873 billion [10][14] - The average revenue per unit (ARPU) increased by 11% to $239, driven by the conversion of existing machines to cashless transactions [12] - The customer base expanded by 20.5%, adding over 19,400 new customers, bringing the total to approximately 115,000 [12][19] Fourth Quarter Highlights - In Q4 2025, total revenue reached $119.5 million, a 34.3% increase from $89.0 million in Q4 2024 [11][13] - Recurring revenue for the quarter grew by 22.7% to $77.3 million, representing 65% of total revenue [11][13] - Net income for Q4 was $13.2 million, compared to $1.6 million in the same quarter of the previous year [13] Strategic Developments - Nayax completed the acquisition of Lynkwell, an AI-enabled EV charging platform, enhancing its payment technology offerings [19] - The company raised approximately $307 million through bond and warrant offerings in 2025 [9][19] - Nayax partnered with Unipass to launch a unified payment solution for UK SaaS platforms, integrating its technology into various payment channels [19]

🏦IPO NEWS: JAPAN'S LARGEST PAYMENT PROVIDER@PAYPAYOFFICIAL SEEKS $1.1B RAISE FOR U.S. NASDAQ IPOPayPay, a SoftBank Corp-backed payments company that owns a 40% stake in Binance Japan, is seeking to raise as much as $1.1 billion in a U.S. IPO - a company valuation of over $10BPayPay is Japan’s largest cashless payments provider, with more than 70 million registered users ...

Financial Performance - Revenue increased by 26% to $104.3 million compared to Q3 2024's $83.0 million, driven by new and existing customer expansion[30, 35] - Recurring revenue grew by 29% to $77.1 million, representing 74% of total revenue in Q3 2025, compared to $59.9 million in Q3 2024[30, 35, 43] - Gross margin increased to 49.3% from 45.7%, driven by processing margin improvement and HW margin increase[30, 35] - Adjusted EBITDA increased to $18.2 million, representing 17.5% of total revenue, compared to 13.3% in Q3 2024[30, 35, 65] - Net income increased to $3.5 million, a significant improvement compared to $0.7 million in the prior year period[35] Customer and Device Growth - The number of customers increased by 21% to nearly 110,000[30, 35] - Total transaction value increased by 35% to $1.76 billion[30, 35] - Managed and connected devices increased by 17% to 1.43 million[30, 35] Strategic Developments - Signed a non-binding letter of intent to acquire Integral Vending, Nayax's exclusive distribution partner in Mexico[36] - Partnered with ChargeSmart EV to improve the payment experience for EV drivers across the U S[36] - Announced a strategic partnership with Autel Energy to embed Nayax's payment technology into approximately 100,000 Autel chargers across North America and Europe by the end of 2026[36] Future Outlook - The company projects revenue between $400 million and $405 million for FY 2025[41, 66] - The company reaffirms 2028 outlook of 35% annual revenue growth[68]

Core Viewpoint - JR East is retiring the iconic Suica penguin mascot as part of a broader rebranding strategy to transform from a traditional railway company into a fintech leader, aiming to modernize its payment platform and compete in the cashless transaction market [1][3][12] Company Strategy - The retirement of the Suica penguin is part of a "Suica Renaissance," which aims to evolve the transit card into a comprehensive mobile payments platform, offering peer-to-peer transactions and banking services [3][12] - JR East plans to invest nearly $17 billion in mergers and acquisitions by 2032 to enhance its fintech capabilities [12] Market Competition - JR East faces significant competition from SoftBank's PayPay, which has rapidly gained 71 million users and dominates the cashless transaction market with its QR code system [5][7] - PayPay's strategy includes substantial cashback programs and zero transaction fees for merchants, allowing it to innovate quickly and attract users [6][7] Historical Context - Suica was a pioneering technology when launched in 2001, utilizing Sony's Felica technology to facilitate rapid transactions in Tokyo's busy train stations [8] - Despite its initial success, JR East struggled to expand Suica's use beyond train stations due to competing standards in Japan's railway industry [9] Challenges and Limitations - The design of Suica as a charge card with a small upper limit has hindered its ability to compete with more flexible QR code systems, which have evolved into full-fledged digital wallets [10] - JR East needs to streamline its multiple apps and logins to improve user experience and capitalize on its existing user base [11]

Core Viewpoint - Mastercard is a leading player in the payments industry with a significant market capitalization of approximately $525 billion, reflecting a remarkable increase of over 12,000% since its IPO in 2006 [1] Group 1: Business Performance - Mastercard's stock has experienced a decline of 4% since its peak in late August, raising questions about its current investment potential [2] - The company reported a payment volume of $2.6 trillion in Q2 2025, representing a year-over-year increase of 9.4% [5] - Mastercard's net income for Q2 increased by 14% year over year to $3.7 billion, with a net income margin of 46% [9] - The diluted earnings per share (EPS) have grown at a compound annual rate of 20% over the past three years, with analysts forecasting a 15% annual EPS gain from 2024 to 2027 [11] Group 2: Market Position and Trends - The company benefits from sustainable trends such as the decline in cash usage and the rise of online shopping, which drive the demand for cashless transactions [4] - Mastercard's powerful network effect enhances its competitive position, with billions of active cards accepted at 150 million locations [6] - The emergence of stablecoins in the financial services sector is acknowledged, but Mastercard is adapting by introducing stablecoin compatibility and forming partnerships with fintech companies [8][7] Group 3: Investment Considerations - Despite its strong business fundamentals, Mastercard's stock has underperformed compared to the S&P 500 index over the past five years, with a 70% increase versus the benchmark's 100% gain [10] - The current price-to-earnings (P/E) ratio of approximately 39 is considered high, indicating potential downside risk for investors [12] - While Mastercard is recognized as a high-quality company, the current valuation may not present a compelling investment opportunity unless the P/E ratio falls below 30 [13]

Core Insights - Everi Holdings Inc. has integrated its CashClub Wallet technology into Penn Entertainment's PENN Wallet at M Resort Spa Casino in Nevada, marking Everi's first mobile wallet installation in the state [1][2] Group 1: Cashless Payment Solutions - The PENN Wallet allows M Resort guests to make cashless payments throughout the gaming floor, leveraging existing loyalty and payment systems [2] - CashClub Wallet enhances patron engagement by providing frictionless, omni-channel payment solutions, which drive additional volume and improve operational efficiencies [3] - The CashClub Wallet is the most widely adopted land-based digital gaming wallet in the U.S., incorporating various funding sources such as PayPal and Apple Pay [4] Group 2: Consumer Trends and Company Strategy - There is a growing consumer preference for self-service capabilities across spending experiences, and Everi aims to enhance casino player engagement through comprehensive mobile funding solutions [5] - Everi's mission is to lead the gaming industry by developing innovative products and services that improve patron engagement and operational efficiency for casino operators [6]