Financial Performance - Revenue increased by 22% to $95.6 million in Q2 2025, compared to $78.1 million in Q2 2024[26,32] - Recurring revenue grew by 32% to $70.7 million, representing 74% of total revenue in Q2 2025[26,32,39] - Gross margin increased to 48.3% from 44.3% due to processing margin improvements and supply chain optimization[26,32] - Adjusted EBITDA increased by 56% to $12.6 million, representing 13% of total revenue, compared to $8.1 million in Q2 2024[26,32,59] - Transaction value processed increased by 34% to $1.59 billion[26,32] Customer and Device Growth - The number of customers increased by 24% to nearly 105,000[26,32] - Managed and connected devices increased by 16% to 1.38 million[26,32] Strategic Developments - A strategic partnership with Autel Energy was announced to embed the company's payment technology into approximately 100,000 Autel chargers across North America and Europe by the end of 2026[33] - The company acquired the remaining 51% of Nayax Capital, consolidating it under the embedded finance division[33] Future Outlook - The company projects revenue between $410 million and $425 million for FY 2025[37,62] - The company is reaffirming 2028 outlook of 35% annual revenue growth and a target of 30% Adjusted EBITDA[64]
Nayax .(NYAX) - 2025 Q2 - Earnings Call Presentation