Slide 1: Third Quarter 2025 Earnings Supplement
Third Quarter 2025 Earnings Supplement November 19, 2025 1
Slide 2: Important Disclosure
Important Disclosure • This presentation is intended to provide general information only and is not, and should not be considered, as an offer • In addition, the presentation includes data published by various bodies, and data provided to the Company in the framework to purchase or sell the Company’
Slide 3: Today's Presenters
Today’s Presenters Yair Nechmad Sagit Manor CEO & Co-Founder CFO 3
Slide 4: Our Mission
Our Mission Simplifying commerce and payments for retailers, driving growth while optimizing operations and enhancing consumer engagement Massage Chair Micro Markets Vending Car Wash & Air Vac Self-Service Kiosks Restaurants Parking EV Energy Amusement Laundromats Kiddie Rides Food Trucks 4
Slide 5: Q3 2025 Highlights
Q3 2025 Highlights 5
Slide 6: Company Overview Q3 2025
12 Global Offices Company Overview Q3 2025 Revenue Recurring revenue USA Canada UK Germany Israel Australia China Japan South Brazil New Netherlands Africa Zealand Q3 24: $83.0M ▲26% Q3 24: $59.9M ▲29% $104.3M $77.1M Gross Margin Adj. EBITDA (2) Q3 24: 45.7% ▲3.6% Q3 24: $11.1M ▲64% 49.3% $18.2M Tra
Slide 7: Q3 2025 Key Highlights
Q3 2025 Key Highlights1 • Revenue increased 26% to $104.3 million, driven by both new and existing customer expansion Strong growth • Organic revenue (2) growth for the quarter was 24.7%. • Recurring revenue grew 29% to $77.1 million and represented 74% of total revenue • Number of customers increas
Slide 8: Key Developments and Customer Success Stories
Key Developments and Customer Success Stories Signed a non-binding letter of intent and exclusivity to acquire Integral Vending, Nayax’s exclusive distribution partner in Mexico. The move reflects Nayax’s continued focus on strengthening its position in the Latin American market. The combination of
Slide 9: Highly Attractive Customer Base And Global Reach
Highly Attractive Customer Base And Global Reach Low Customer Concentration Global Revenue Diversification Rest of the Israel World 5% 7% LATAM 3% 7% 6% North America Oceania 4% 39% 8% Top 3 6% Top 4-10 Q3 2025 Top 11-20 Q3 2025 Top 21-50 Nano UK 13% 76% Europe 26% 9
Slide 10: Rapid and Sustainable Revenue Growth
Rapid and Sustainable Revenue Growth Annual Revenue ($M) Quarterly Revenue ($M) CAGR(1) +38.1% ▲ QoQ +25.7% ▲ 400-405(2) 104.3 314.0 (315.2(2)) 83.0 27.2 235.5 91.7 23.1 173.5 84.4 119.1 68.7 77.1 48.0 222.3 59.9 151.1 71.1 104.8 2021 2022 2023 2024 2025 Guidance Q3-2024 Q3-2025 SAAS Revenue and Pay
Slide 11: Processing Revenue & Take Rate
Processing Revenue & Take Rate(1) Annual Processing Revenue ($M) Quarterly Processing Revenue ($M) CAGR +54.2% ▲ QoQ +32.5% ▲ 55. 0 5.0 0% 160 .0 133.8 2.7 5% 47.7 140 .0 2.7 0% 45. 0 2.73%(2) 4.0 0% 120 .0 2.6 5% 36.0 100 .0 92.2 35. 0 3.0 0% 2.6 0% 59.5 2.53% 80. 0 2.5 5% 25. 0 2.75% 2.71% 60. 0 3
Slide 12: Continued Gross Profit Expansion
Continued Gross Profit Expansion Annual Gross Profit ($M) Quarterly Gross Profit ($M) CAGR +43.2% ▲ QoQ +35.3% ▲ 45.1% 49.3% 160 .0 40.4% 141.5 50. 0% 55. 0 45.7% 51.4 55. 0% 37.5% 140 .0 34.6% 27.6 10.1 38.0 50. 0% 40. 0% 120 .0 45. 0 100 .0 88.3 45. 0% 16.0 30. 0% 35. 0 7.9 60.0 80. 0 40. 0% 60. 0
Slide 13: Disciplined Cost Management Reflected in Adjusted OPEX Margin
Disciplined Cost Management Reflected in Adjusted OPEX Margin Annual Adjusted OPEX(1) ($M) Quarterly Adjusted OPEX(1) ($M) 40. 0 32.9% 34% 108 33.6 120 .0 50% 44% 42% 45% 35. 0 32% 27.3 100 .0 81 32.2% 30. 0 40% 30% 80. 0 73 35% 25. 0 28% 60. 0 52 34% 34% 30% 20. 0 26% 15. 0 25% 40. 0 24% 10. 0 20%
Slide 14: Improving Profitability from Operating Leverage
Improving Profitability from Operating Leverage Annual Operating Profit(1) ($M) Quarterly Operating Profit(1) ($M) YoY(2) +125% ▲ QoQ +420% ▲ 3.1 7.8 9.0 8% 1% 5.0 5% 8.0 7% - 0% 7.0 8% 6% (5.0) 2021 2022 2023 2024 -5% 6.0 5% (10.0) -5% -10% 5.0 4% (12.4) (15.0) -15% 4.0 3% (20.0) -19% -20% 3.0 -20%
Slide 15: Efficiently Scaling the Business & Driving Margin Expansion
Efficiently Scaling the Business & Driving Margin Expansion Annual Adj EBITDA(1) ($M) Quarterly Adj EBITDA(1) ($M) YoY(2) +332.9% ▲ QoQ +64% ▲ 80. 0 20% 70. 0 60-65 17.5% 15% 20. 0 18.2 20% ~15% 60. 0 18. 0 18% 50. 0 35.5 13.3% 10% 16. 0 16% 40. 0 11.1 14. 0 14% 30. 0 11% 5% 12. 0 12% 8.2 20. 0 10.
Slide 16: 2025 Outlook
2025 Outlook(1) Metric FY 2025 Guidance Assumptions • Revenue is projected on a constant currency Revenue $400m - $405m basis • Customer demand continues to be strong Organic Revenue(2) At least 25% • Assumes no material changes in macroeconomic conditions Adjusted EBITDA(3) $60m - $65m At least 50
Slide 17: 2028 Outlook
2028 Outlook(1) 2028 Outlook Guidance Assumptions Reaffirming 2028 outlook of 35% annual growth, • Assumes no material changes Revenue Growth driven by organic growth initiatives and strategic in macroeconomic conditions M&A Target of 50% • Strong 2028 growth drivers with Gross Margin Main drivers:
Slide 18: Appendix
Appendix 18
Slide 19: Complete end-to-end solutions secure solid recurring revenue
Complete end-to-end solutions secure solid recurring revenue Device Revenue Recurring Revenue 1. Hardware 2. SaaS 3. Processing Fee VPOS Touch Onyx VPOS Media Nova Market • SaaS management system for enhanced • Global, localized cashless payment business optimization acceptance for maximized convers
Slide 20: Large Underpenetrated Core Market
Large Underpenetrated Core Market with Long Runway for Increased Acceptance of Cashless Cashless payment volume in unattended retail Growth is expected to be fueled by emerging estimated to significantly increase globally from verticals such as ticketing, amusements, Commentary 2025 to 2029 laundrom
Slide 21: Advance Strategy for Sustained Long-Term Profitable Growth
Advance Strategy for Sustained Long-Term Profitable Growth Expanding through Win New Large Innovate & Develop Expand Enter Emerging, High- Retain And Grow M&A to new Enterprise and SMB New Solutions Internationally Growth Verticals With Existing Customers markets with new Customers Globally channels
Slide 22: Driving Growth with One Complete Solution for all Retailers
Driving Growth with One Complete Solution for all Retailers Global Cashless Loyalty & Marketing Multiple Integrated POS Management Platform Financing & Banking Payments Acceptance Solutions VPOS Touch Nova Market Automated Self Service Energy & Mobility Hospitality & Retail Multiple unattended retai
Slide 23: Our Differentiated Go-To-Market Strategy
Our Differentiated Go-To-Market Strategy Resellers Global Offices 1,090 Enterprise > 3k* 12 Online eShops Distributors SMB 26-3,000* 14 80+ Financial Global OEM Partners Nano Partners 1-25* 50 3,100+ *POS devices As of 31st of March 2025 23
Slide 24: IFRS to Non-IFRS Reconciliation
IFRS to Non-IFRS Reconciliation Quarter ended (U.S. dollars in thousands) Sep 30, 2025 Sep 30, 2024 Net income/(loss) for the period 3,537 692 Finance expense, net 3,277 329 Income tax expense (benefit) 1,032 431 Depreciation and amortization 6,830 5,934 EBITDA 14,676 7,386 Share-based payment cost
Slide 25: IFRS to Non-IFRS Reconciliation
IFRS to Non-IFRS Reconciliation Quarter ended (U.S. dollars in thousands) Sep 30, 2025 Sep 30, 2024 Operating Cash 10,462 16,564 Capitalized development costs (4,537) (5,670) Acquisition of property and equipment (2,071) (776) Free Cash Flow 3,854 10,118 Quarter ended (U.S. dollars in thousands) S
Slide 26: Key Definitions
Key Definitions Managed & Connected Existing Customer Expansion ARPU End Customers A financial metric that measures the Customers that contributed to Nayax Devices Revenue generated within a given revenue in the last 12 months. Devices that are operated by our cohort over the years presented. Each a
Slide 27: Thank You!
Today’s Speakers Thank You! IR Contact Full Name Website Full Name Aaron Greenberg Position ir.nayax.com Position Chief Strategy Officer ir@nayax.com 27