Hightech Payment Systems Sa · CSEMA:HPS
Hightech Payment Systems Sa — FY2025 Earnings Presentation
28 slides from Hightech Payment Systems Sa's earnings presentation, Mar 26, 2026
Slide 1: HPS exceeds its 2025 targets and reaches an inflection point
HPS exceeds its 2025 targets and reaches an inflection point FY–2025 Earnings Presentation March 26, 2026 Feel Good about Payments
Slide 2: FY-2025 Highlights
FY-2025 Highlights HPS /
Slide 3: 2025, the Story behind the numbers
2025, the Story behind the numbers 2025 in three Headlines 01 The SaaS acceleration and inflection point reached Recurring & Regular revenues hit 72.3% of total. SaaS reported revenue up +27.2% (+32.7% FX neutral). Canada & Australia platforms generating strong revenue growth, positive cash flow and
Slide 4: 2025, the Inflection Point
2025, the Inflection Point “EBITDA will triple in H2 vs H1” — H1 2025 Earnings Presentation, September 2025 H1 2025 H2 2025 69.8 M MAD x3 ~216 M MAD EBITDA margin: 10.4% EBITDA margin: ~25% SaaS transition + exceptional FX headwinds Backlog deployment • SaaS Ramp Up • Large On-Prem Delivery FY 2025
Slide 5: Strategic Achievements: Explosive Growth in TCV & strong Backlog
Strategic Achievements 2 years of Explosive Growth in TCV & strong Backlog reinforcement • A new strong bookings year: TCV about 900 MMAD of with 30% is in SaaS • 2 major wins with Tier-1 worldwide banks in Asia, each in the tens of millions of USD. • These wins consolidate HPS’s position as a leadi
Slide 6: Strategic Achievements: Strong SaaS Acceleration
Strategic Achievements Strong SaaS Acceleration, reinforcing predictability and scalability • SaaS Revenue Accelerating Major platforms entering run phase with an accelerated reported growth at 27.2% YoY (vs. +16.7% CAGR between 2021 and 2024). • 2027 Run-Rate: 480 MMAD Secured revenue generated sol
Slide 7: Strategic AccelR8 KPIs — Progress to target
Strategic AccelR8 KPIs — Progress to target HPS reaffirms all AccelR8 2027 financial targets — 2025 execution confirms strategic roadmap trajectory Revenue target 75% ~$165 M (2025) $220–300 M target Recurring & regular revenue 86% 72.3% (2025) 85%+ target EBITDA margin 74% 18.4% (2025) 25–30% targe
Slide 8: 2026 Guidance
2026 Guidance Aligned with AccelR8: Continued execution of our strategic plan 01 02 03 Organic Revenue Growth EBITDA Margin Strategic Priorities +12% to +17% Above 2025 Backlog to levels Revenue Aligned with AccelR8 plan targets. Driven Operating leverage from SaaS ramp-up, Convert record 1,672 M MA
Slide 9: HPS AI Program
HPS AI Program AI a structural driver of revenue growth and margin expansion STREAM 1 - AI FOR BUSINESS STREAM 2 - AI FOR PRODUCTIVITY Revenue Growth & Competitive Differentiation Margin Expansion & Delivery Excellence Agentic Commerce & Finance Target: Q2 2026 HumAIn Program for Augmented Workforce
Slide 10: FY-2025 Financial Performance
FY-2025 Financial Performance
Slide 11: 2025 Highlights – Reported Figures
2025 Highlights – Reported Figures Full-Year 2025 guidance delivered +22.3% +30.8% +25.5% +30.0% Revenue Growth Q4 Record Quarter Recurring & Regular Revenue EBITDA Growth 1,551 M MAD consolidated 517 M MAD in Q4 2025 1,120 M MAD — 72.3% of revenues 286 M MAD consolidated • Consolidated Revenue : 1,
Slide 12: 2025 Key Figures – Reported Figures
2025 Key Figures – Reported Figures Consolidated results — Full Year 2025 vs 2024 1,551 M MAD 286 M MAD 18.4% +89% YoY REV ENUE EB IT DA EB IT DA MA R G IN B A CKL OG ▲ +22.3% reported ▲ +30.0% reported vs. 17.3% in 2024 ▲ Record in history S EG M EN T P ER F ORM A NCE PAYME NT SWIT CH ING CR 2 TE S
Slide 13: Business review
Business review Double-digit growth on proforma basis and constant FX (underlying growth) ⏵Reported revenue reached 1,551 M MAD, up +22.3% YoY. ⏵On a pro-forma basis and constant FX, Group revenue reached 1,611 M MAD, up +10.7% YoY. © 2026 HPS. All rights reserved CONFIDENTIAL | FY-2025 Earnings Pre
Slide 14: Revenue Bridge
Revenue Bridge +6.5% proforma reported +10.7% underlying +63.7 MMAD +8.5 MMAD -13.6 MMAD +10.3 MMAD 1,611 MMAD +87.5 MMAD 1,551 MMAD 1,455 MMAD +9.5% -16.7% +22.0% +24.2% +9.0% FX impact of -61 MMAD, driven by the exceptional depreciation of the US dollar (-9.7%) 2024 Proforma Payment Payment Switch
Slide 15: HPS Payment Activity Performance – FX Neutral
HPS Payment Activity Performance – FX Neutral Payment revenue 1,062 MMAD (+9.0%) • SaaS now the #1 revenue line Payment Revenue composition HPS Standalone (PowerCARD) — FX Neutral SaaS 284 M MAD / +32.7% +9.0% 81% Recurring Maintenance Underlying revenue growth Recurring & regular share 236 M MAD /
Slide 16: CR2 Activity Performance – FX Neutral
CR2 Activity Performance – FX Neutral First full year consolidated • 30.4 M€ revenue • 20.8% EBITDA margin EUR 30.4M +24.2% 20.8% 62.5% Full-year revenue Underlying Revenue Growth Adjusted EBITDA margin Recurring & regular revenue share Non-linear Revenue Recognition Geography & Client Mix Integrati
Slide 17: Switching Activity Performance
Switching Activity Performance Revenue 97.6 M MAD (+9.5%) • Daily card transactions exceeding 1 million 97.6 M MAD +9.5% +23.8% 94.5% Full-year revenue Revenue growth Card transaction volume growth Recurring revenue share Volume Leadership Tariff Pressure — Structural Headwind New Services & Innovat
Slide 18: HPS EBITDA Analysis & Cash flow
HPS EBITDA Analysis & Cash flow
Slide 19: Margin Expansion driven by SaaS scale & Operating leverage
Margin Expansion driven by SaaS scale & Operating leverage 35.5%+ growth (proforma& FX neutral) and EBITDA margin at 18.8% © 2026 HPS. All rights reserved CONFIDENTIAL | FY-2025 Earnings Presentation 19
Slide 20: EBITDA Bridge
EBITDA Bridge +27.4% proforma reported +35.5% underlying +156 MMAD 303.7 MMAD -18.2 MMAD 285.5 MMAD 224 MMAD -50 MMAD -45 MMAD +19 MMAD 2024 EBITDA HR Cost Ext. Cost Other costs Revenue 2025 Adjusted FX 2025 Reported proforma © 2026 HPS. All rights reserved CONFIDENTIAL | FY-2025 Earnings Presentati
Slide 21: Margin Expansion driven by SaaS scale & Operating leverage
Margin Expansion driven by SaaS scale & Operating leverage Cost growth reflects deliberate strategic investment — not structural inflation. Strict discipline maintained despite global expansion. COST DRIVERS 20 25 EB I TD A P ER FO R MA N CE 20 2 5 HR Costs +6.1% Growth Investment Reported EBITDA +3
Slide 22: Cash-Flow analysis
Cash-Flow analysis +25.5% +238 -40 -144 LT Debt compared to equity -2 256 204 452 MMAD 55% -17.1% growth Cash position in MMAD End 2024 Operations Investments Financing FX impact End 2025 cash position cash position 305 256 238 ⏵Operational cash flow: +238 M MAD 211 204 Optimal management of operati
Slide 23: 2026 outlook
2026 outlook HPS /
Slide 24: 2026 Outlook main drivers
2026 Outlook main drivers Four key levers supporting 2026 growth and margin expansion SaaS Ramp-Up Acceleration Backlog Deployment Canada & Australia platforms in active ramp-up. SaaS 2025 Record backlog of 1,672 M MAD (+89%) providing strong revenue run-rate 284 M MAD, with ∼480 M MAD secured for r
Slide 25: Key Takeaways
Key Takeaways 01 Record 2025: Every KPI exceeded — Revenue +22.3%, EBITDA +30.0%, Backlog +89% HPS delivered its strongest year in history, demonstrating the power of the SaaS model. All guidance targets exceeded, with operating cash flow multiplying 5x to 239 M MAD. 02 SaaS model at inflection poin
Slide 26: Disclaimer
Disclaimer HPS /
Slide 27: Disclaimer about forward looking statements
Disclaimer about forward looking statements This presentation (“Presentation”) has been prepared by Hightech Payment Systems S.A. (”HPS” or the “Company”). This Presentation may contain forward-looking statements within the meaning of applicable Moroccan securities laws, including, but not limited t
Slide 28: www.hps-worldwide.com
www.hps-worldwide.com HPS /
HPS (Hightech Payment Systems S.A.) — FY2025 Earnings Presentation on 6ix