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]

Integration & Technology - Enzyme integrates Chainlink Runtime Environment (CRE) to streamline NAV and reporting [1] - The integration supports Onyx users across networks and data sources [1]

Core Insights - The relationship between banks and cryptocurrency has evolved from skepticism to a more supportive stance, with several U.S. banks now offering tailored services for the crypto ecosystem [2][4][22] Group 1: Definition of Crypto-Friendly Banks - A crypto-friendly bank is characterized by its ability to facilitate smooth transactions between traditional finance and digital assets, offering services like secure fiat on-ramps and payment processing [3][10] - These banks provide specialized services such as dedicated accounts and custody solutions for crypto-related businesses, ensuring compliance with regulatory standards [10][12] Group 2: Importance of Crypto-Friendly Banks - The rise of crypto-friendly banks is crucial as they add stability to the financial system, especially after the collapse of major crypto companies like FTX [4][5] - By partnering with banks, traders and investors can experience reduced friction and enhanced security when dealing with digital assets [5][23] Group 3: Top Crypto-Friendly Banks in the USA - **JPMorgan Chase**: Transitioned from a critic of Bitcoin to a supporter, providing services to exchanges like Coinbase and Gemini, and offering a blockchain platform for institutional clients [7][8] - **Bank of America**: Known for its proactive approach to blockchain innovation, it supports transfers to regulated exchanges and provides research on digital assets [11][12] - **Silvergate Bank**: A pioneer in crypto banking, it offers real-time transfers and has historically set standards for integration between banking and trading [13][14] - **Signature Bank**: Developed specialized services for digital assets, enabling real-time blockchain payments, and remains significant despite regulatory scrutiny [15][16] - **Ally Bank**: An online bank that facilitates easy crypto transfers, appealing to retail traders with competitive rates and no monthly fees [17][18] - **Revolut**: A fintech platform allowing users to buy, sell, and hold cryptocurrencies alongside fiat, providing a convenient all-in-one experience [19] - **Goldman Sachs**: Engaged in the crypto space with trading desks and structured products linked to digital assets, signaling a shift in Wall Street's view of cryptocurrencies [20][21] Group 4: Considerations for Choosing a Crypto-Friendly Bank - Factors to consider include transaction fees, integration with exchanges, security measures, regulatory compliance, and customer support [24]

Summary of Nayax (NYAX) FY Conference June 04, 2025 Company Overview - **Company Name**: Nayax (NYAX) - **Founded**: February 2005 - **Public Listing**: Israel in 2021, U.S. in 2022 - **Industry**: Fintech and payment solutions, focusing on unattended retail market [3][2] Key Financial Metrics - **2024 Revenue**: $314 million, with a year-over-year growth of 30-35% since going public [5][6] - **Recurring Revenue**: Approximately 70% of total revenue is recurring, indicating strong predictability [6][14] - **Gross Margins**: 45% in 2024, with significant margin expansion [8][6] - **Net Retention Rate**: 129%, indicating strong customer loyalty and low churn [6][10] - **Q1 2025 Revenue**: $81 million, with a margin of 49% [8] Business Model - **Revenue Streams**: - Hardware sales (one-time) - SaaS (monthly fees per device) - Transaction processing fees [12][19] - **Average Revenue Per User (ARPU)**: $215, with over 50% gross margins on recurring revenue [19][20] - **Customer Base**: 100,000 customers, primarily small businesses with 1-15 devices [9][10] Market Strategy - **Target Market**: Small merchants and nano merchants, making up 75% of revenue [16] - **Global Presence**: Operations in over 20 countries, with significant revenue from North America (40%) and Europe [10][11] - **Distribution Channels**: 2,400 OEM partners, 900 resellers, and 50 financial partners [17][18] Growth Strategy - **Organic Growth**: Expected to be 25%+ for the year, with a focus on expanding into new verticals like EV charging and parking [24] - **Inorganic Growth**: Plans to acquire 2-3 companies annually for customer acquisition and distributor consolidation [23] - **Emerging Markets**: Focus on Latin America, particularly Brazil, with acquisitions of VM Technologia and UpPay to enhance market presence [50][51] Product Innovations - **Embedded Payment Solutions**: Introduction of the UNO Mini, a cost-effective payment solution for OEMs, aimed at enhancing the EV charging market [29][38] - **EV Charging Strategy**: Comprehensive payment solutions for EV charging, including card present and card not present payments, addressing integration challenges [32][34] Industry Trends - **Market Potential**: Anticipated growth from 45 million to 60 million devices in the unattended retail space by 2029 [46][47] - **Shift to Cashless**: Focus on converting existing cash-accepting devices to cashless solutions [47] Conclusion Nayax is positioned as a leader in the unattended payment solutions market, with a robust business model characterized by high recurring revenue, strong customer retention, and a strategic focus on growth through both organic and inorganic means. The company is actively expanding its product offerings and geographic reach, particularly in the emerging EV charging sector.

First Quarter 2025 Earnings Supplement May 13, 2025 1 Important Disclosure 2 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 the public of the Company's securities. By attending or viewing this presentation, each attendee ("Attendee") agrees that he or she (i) has read this disclaimer, (ii) is bound b ...