Eml Payments Ltd. · ASX:EML
Eml Payments — FY2025 Earnings Presentation
25 slides from Eml Payments's earnings presentation, Aug 27, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation 27 August 2025 Anthony Hynes. Executive Chair James Georgeson. Group CFO
Slide 2: Disclaimer & Important Notice
Disclaimer & Important Notice This investor presentation has been prepared by EML Payments Limited ABN 93 104 757 904 (EML) and is general background information about EML’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be c
Slide 3: FY25 Overview
FY25 Overview. 3
Slide 4: FY25 Performance Highlights
FY25 Performance Highlights High calibre leadership team installed Guidance delivered towards the top of the range 8 top-30 contracts renewed, including 2 in our top-5 27 new clients secured Global technology partnership signed with Visa PISMO to support Project Arlo Bond yield lock program to fix y
Slide 5: FY25 Financial Performance Snapshot
FY25 Financial Performance Snapshot. Continuing operations1,2 Momentum building and strong cashflow performance Revenue Profitability Cash Total Revenue3 EBITDA (underlying) Cash $220.9m $58.6m $59.3m 9% 13% 46% Customer Revenue Statutory NPAT Net Cash Movement $157.0m $(53.0)m $18.6m 3% from $5.3m
Slide 6: EML 2.0 Progress
EML 2.0 Progress. H2 FY25 Progress Global Operating Model Global “OneEML” structure deployed Optimising our operating model Executive and senior management team refresh + strengthening leadership Global product development function embedded Transforming Global commercial team with regional leadershi
Slide 7: A recap on our journey
A recap on our journey Feb 2023 June 2023 Dec 2024 June 2024 Dec 2025 June 2025 Dec 2026 June 2026 Dec 2027 June 2027 FY28 Targets1 Structural Remediation Operational Transformation New Board New Board ~A$95m Strategic Review Underlying EBITDA UK Reg. Audit passed / growth cap EML 2.0 Remediation St
Slide 8: FY25 Financial results
FY25 Financial results. Note: Throughout this presentation, amounts may not sum and change calculations may not equate due to rounding. 8
Slide 9: Key operating performance metrics
Key operating performance metrics. Continuing operations1 Profit and loss:2 FY24 to FY25 — Underlying EBITDA increased 13% to $58.6m in FY25 A$'m FY25 FY24 Change reflecting modest growth in customer revenue and higher Customer revenue 157.0 152.5 ▲ 3% interest revenue, partly offset by overhead cos
Slide 10: Europe
Europe. Continuing operations GDV Financial performance Commentary $6.1bn 7% A$'m FY25 FY24 Change — Total revenue was up 18% on pcp, with strong contribution from interest revenue. Customer revenue 77.3 72.6 ▲ 6% (FY24: $5.7bn) Interest revenue 51.3 36.7 ▲ 40% — Customer revenue grew by 6% which in
Slide 11: Asia Pac
Asia Pac. Continuing operations GDV Financial performance Commentary $3.4bn 7% A$'m FY25 FY24 Change — Total revenue up 1% on pcp, with growth in Customer revenue from existing customers offset by a client loss Customer revenue 41.9 41.4 ▲ 2% (FY24: $3.7bn) in FY24 and slightly lower interest revenu
Slide 12: North America
North America. Continuing operations GDV Financial performance Commentary $15.0bn 10% A$'m FY25 FY24 Change — Total revenue was down by 3% reflecting lower customer and lower interest revenue. Customer revenue 37.8 38.6 ▼ (2%) (FY24: $13.6bn) Interest revenue 2.1 2.6 ▼ (19%) — Customer revenue was d
Slide 13: Underlying overheads net of Cost Recoveries
Underlying overheads net of Cost Recoveries. Continuing operations Underlying overheads net of Cost Recoveries were $107.6m, up 8% on PCP Underlying overheads net of Cost Recoveries: FY24 to FY25 ($’m) — Net overheads of $107.6m increased 8% due to a number of factors including: — Investments in peo
Slide 14: Treasury management
Treasury management. Continuing operations Bond contribution to total interest Stored float (by currency) at June 2025 Interest income ($’m) 45% $28.4m Other Group (excl PCSIL and Sentenial) USD 5% Bond average term 1.8 years Bond average yield 3.8% 4% 63.9 49.9 Commentary AUD 22% 25.3 — Interest re
Slide 15: Cash flow
Cash flow. Continuing operations Underlying operating cash flow of $42m in FY25 EBITDA to Underlying Operating cash flow (A$m) — Solid underlying operating cashflow with cash conversion ratio of 72% across FY25. — Underlying EBITDA of $58.6m generated $16.7m net cash from operations, reduced mainly
Slide 16: FY26 Outlook & Priorities
FY26 Outlook & Priorities. 16
Slide 17: Guidance and outlook
Guidance and outlook. A year focused on closing out Underlying FY26 key transformation programs and EBITDA $58m–$63m building commercial momentum guidance reflected in our priorities Customer revenue net growth of 4-5% reflecting: Pipeline to +$90m by H1FY26 • New customer revenue of ~$15m • Offset
Slide 18: Recap on Project Arlo
Recap on Project Arlo A single global tech platform powering EML2.0 From To EML 2.0 Three bespoke card One unified highly configurable, account-based platform technology platforms to drive efficiencies and serve complex use cases at scale High technology cost CUSTOMERS base to maintain Highly High v
Slide 19: Q&A
Q&A. 19
Slide 20: Appendix
Appendix. 20
Slide 21: Analyst briefing data: segment profit & loss
Analyst briefing data: segment profit & loss. Segment profit and loss:1 FY25 and FY24 FY25 FY24 Asia North Continuing FY25 Asia North Continuing FY24 Europe Pac America Corporate Operations Sentenial Reported Europe Pac America Corporate Operations Sentenial PSCIL Reported Customer revenue 77.3 41.9
Slide 22: Analyst briefing data: Reconciliation - statutory to management P&L
Analyst briefing data: Reconciliation - statutory to management P&L. Statutory profit and loss FY25 Management profit and loss: Statutory accounts to managements underlying profit and loss A$'m FY25 FY24 FY25 reconciliation A reconciliation from statutory accounts to Revenue from contracts with cust
Slide 23: Analyst briefing data: one off adjustments & Other expenses
Analyst briefing data: one off adjustments & Other expenses. One off adjustments – FY25 and FY24 A$'m FY25 FY24 Restructuring costs and strategy establishment 6.5 2.8 Risk management improvements and class action 9.5 0.7 Single Global Platform investment 2.8 - PCSIL Separation and technology related
Slide 24: Analyst briefing data: Balance sheet & stored value
Analyst briefing data: Balance sheet & stored value. Balance sheet1 Stored float and cash summary Cardholder Corporate A$'m Jun-25 Jun-24 $A'm Jun-25 Jun-24 Change funds Balances 1 Total Stored Value (including bonds) - AUD 2,351.1 2,130.0 Cash and cash equivalents 59.3 43.1 38% 59.3 2 Interest reve
Slide 25: Glossary
Glossary. Abbreviation Meaning Abbreviation Meaning AASB Australian Accounting Standards Board GPR General Purpose Reloadable AFSL Australian Financial Services Licence Interpath PCSIL Liquidator Arlo Single Global Platform investment MVP Minimum Viable Product D&A Depreciation and Amortisation NPP