Image source: © Wrightstudio | Megapixl.com

Highlights

  • PaySauce’s recurring revenue reached NZD 4.3 million in 1HFY25, reflecting a 20%YoY growth.
  • EBITDA rose to NZD 548k, compared to NZD 255k in the previous period, while Net profit after tax (NPAT) surged by NZD 337k, reaching NZD 70,000.
  • PaySauce is advancing towards its goal of NZD 10 million in annualised recurring revenue, with factors like customer acquisition and revenue growth playing a key role.

PaySauce Limited (NZX:PYS) is an award-winning FinTech company that provides SaaS payroll solutions tailored for New Zealand-based small and medium-sized businesses.

In the first half of the financial year 2025 (1HFY25) ended 30 September 2024, recurring revenue increased by 20% YoY to NZD 4.3 million. With interest rates stabilizing over the past year, around 71% of this growth was driven by an increase in processing fee revenue, which stood at NZD 3.0 million for the period, up 20% YoY.

During the reported period, EBITDA jumped to NZD 548k, compared to NZD 255k in the previous corresponding period. This growth was driven by the increase in the proportion of sales from 7% in the previous corresponding period to 13%. In 1HFY25, net profit after tax (NPAT) rose to NZD 70,000, marking an NZD 337,000 improvement compared to the same period last year.  Outlook

With accelerated customer acquisition, increasing customer numbers, higher processing fees, and growing average revenue per user, PaySauce is steadily advancing toward its goal of achieving NZD 10 million in annualised recurring revenue (ARR).

Top 10 shareholders of PYS

The top 10 shareholders of PYS have around 73.88% shareholding in the company. Wijeyeratne (Asantha) has the highest stake in the firm with a shareholding of nearly 25.46%, followed by Perpetual Guardian with a shareholding of around 15.08%.

Share performance of PYS

PYS shares closed at NZD at NZD 0.195 per share on 17 December 2024. In the past nine months, PYS’ share price has dropped by almost 11.36%, and in the last three months, it has declined by almost 13.33%.

52-week high of PYS is NZD 0.28, recorded on 23 August 2024, while 52-week low is NZD 0.185, recorded on 27 March 2024.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is December 17, 2024. The reference data in this report has been partly sourced from EODHD/Others.