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]
Nayax .(NYAX) - 2025 Q3 - Earnings Call Presentation