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SMP(SMP) - 2025 FY - Earnings Call Presentation
SMPSMP(US:SMP)2025-08-28 00:30

Business Performance & Strategy - Smartpay has 20,500+ transacting terminals in Australia and 31,000+ terminals in the New Zealand market as of March 31, 2025 [15] - Smartpay's continuing revenue growth reached $104.7 million, with a strong EBITDA of $16.6 million in FY24 [15] - Normalised EBITDA excluding New Zealand pre-investment was $21.5 million in FY24 [15] - Smartpay is focusing on expanding its outbound sales team and target verticals in Australia to grow market share [20] - Smartpay aims to convert 75% of its existing fleet of 31,000+ New Zealand terminals over the next 3 years [55] New Zealand Acquiring - New Zealand acquiring pilot program shows per terminal revenue of approximately $400, 10 times the legacy terminal revenue of $40 [54] - Smartpay is targeting 5,000+ merchants in New Zealand by the end of FY26 [58] - Year to date revenue from New Zealand acquiring is $400k [29] Regulatory Impact - The RBA's preliminary decision on Australian payments review could potentially impact up to 10% downside on Australian revenues if surcharging is banned [49] - New Zealand Commerce Commission's decision to reduce domestic personal credit in-person interchange fees to 0.30% by December 2025 may benefit gross margin [52] Ordinary Resolutions - Resolution 1 regarding fixing the auditor's remuneration was approved with 140,397,299 votes for (57.99% of all securities) [69] - Resolutions 2, 3, 4, 5 and 6 regarding the election and re-election of directors were also approved with a majority of votes [70, 71, 72, 73, 74]