Business
Trading Statement
Eurowag has announced a strong unaudited trading update for the 12 months ended 31 December 2025, with total net revenue expected to reach approximately €330 million, representing ~13% organic growth in line with guidance. Adjusted cash EBITDA is anticipated to exceed the ~€95 million guidance, and net debt to Adjusted EBITDA is projected to remain below 2.0x, indicating strong cash generation. The company is progressing well with its Eurowag Office platform, aiming for 30% customer adoption by the end of Q1 2026. For FY 2026, Eurowag expects low double-digit net revenue growth and sustained Adjusted EBITDA margins, with R&D investment capped below €50 million. Disclaimer*
About this update from W.a.g. Payment Solutions Plc
[{"type":"text","content":"\n\nLEI: 213800HU63CWV5J8YK95 27 January 2026\n \nW.A.G payment solutions plc (\"Eurowag\" or the \"Group\")\n \nTrading Update\n \nStrong financial performance in FY 2025; Adjusted cash EBITDA expected above guidance\n \nW.A.G payment solutions plc (\"Eurowag\", or the \"Group\") today announces an unaudited trading update for the 12 months ended 31 December 2025. \n \nFinancial highlights1,2\n \n· ~13% organic Net Revenue growth, in line with 2025 guidance: Total net revenue for the full year is expected to be approximately €330m (2024: €292.5m), representing ~13% year-on-year growth, in-line with our 2025 guidance\n \n· Adjusted EBITDA margin, expected to align with 2025 guidance\n \n· Adjusted cash EBITDA, above 2025 guidance: Adjusted cash EBITDA3 is anticipated to be above the ~€95m guidance communicated in our HY 2025 results\n \n· Strong cash generation, leverage below 2.0x: Cash generation continues to be strong, expecting net debt to Adjusted EBITDA below 2.0x at year end\n \n· Eurowag Office progressing well: Implementation on track for 30% customer adoption by end of Q1 2026\n \nOutlook and FY 2026 guidance\n \nIn 2025, we continued to scale Eurowag Office successfully, progressing towards our goal of migrating ~30% of our customers base by the end of the first quarter of 2026, with the aim of having the majority of our customers using the platform by the end of FY ...