Financial Data and Key Metrics Changes - The company reported resilience in business unit economics despite challenging economic conditions, with total transaction values (TTVs) remaining soft throughout the financial year 2025 [13] - Average ticket size per merchant increased by 15% compared to the same time last year, indicating improved efficiency in transaction processing [18] - Average TTV per newly onboarded merchants in the first quarter of the financial year is up approximately 20% compared to the existing fleet average [18] Business Line Data and Key Metrics Changes - The company maintained strong average revenue and margin per terminal, driven by a focus on customer verticals with strong payment economics [15] - New Zealand acquiring revenues are beginning to come online, with average revenue per terminal exceeding expectations due to targeting higher value merchants [19] - The company has increased the number of transacting merchants to transacting terminals, reflecting growth in the first quarter of the financial year [18] Market Data and Key Metrics Changes - The Reserve Bank of Australia published a preliminary decision to remove the prohibition on surcharging, which could impact Australian transactional revenues by up to 10% if implemented [24][25] - The New Zealand Commerce Commission's decision to reduce interchange caps may improve gross margins for the company, although the impact on revenue is still being assessed [26][27] Company Strategy and Development Direction - The company is executing a three-stage strategic plan, with good progress made in all stages throughout financial year 2025 [14][30] - The focus remains on embedding solutions and brand within customer businesses to realize value for shareholders [14] - The company is targeting over 5,000 merchants on its New Zealand acquiring solution by the end of financial year 2026 [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting projected timelines for the scheme of arrangement with Shift4 Holdings Limited [7][8] - The ongoing macro conditions are pressuring overall TTVs, but the company is adapting its sales focus to prepare for regulatory changes [18] - Management highlighted the importance of maintaining operating leverage and efficiency as the company grows its New Zealand revenues [19][33] Other Important Information - The company launched its next-generation Android payment terminal, which has been well received by customers [15][21] - A major marketing campaign was launched in Australia coinciding with the terminal launch, aimed at enhancing brand visibility [15] - The company has executed partnerships to deliver a next-generation merchant ecosystem and comprehensive small business toolset [30][32] Q&A Session Summary Question: Are there any questions from the audience? - No questions were raised during the Q&A session, both in-person and online [34][35][36][37][38][39][40][41][42][43][44][45][46]