Cpi Card Group Inc. · NASDAQ:PMTS
Cpi Card — Q4 2025 Earnings Presentation
19 slides from Cpi Card's earnings presentation, Mar 5, 2026
Slide 1: Fourth Quarter 2025 Investor Presentation
Fourth Quarter 2025 Investor Presentation March 5, 2026
Slide 2: Cautionary Statements
Cautionary Statements Forward Looking Statements Certain statements and information in this presentation (as well as information included in other written or oral statements we make from time to time) may contain or constitute “forward-looking statements” within the meaning of the Private Securities
Slide 3: Agenda
Agenda 1 Overview and Strategy 2 Q4 Financial Review 3 2026 Outlook 4 Summary 5 Q&A 3
Slide 4: Overview
Overview Strong finish to 2025 with growth expected in 2026 Strong Q4 performance Revenue increased 22% to $153 million ▪ Arroweye exceeds expectations ▪ Strong contactless card sales ▪ Double-digit SaaS-based instant issuance growth Net income increased 9% Adjusted EBITDA¹ increased 34% to over $29
Slide 5: Strategy and Evolution
Strategy and Evolution CPI is a payments technology company that provides a comprehensive range of physical and digital solutions for thousands of customers CPI’s Growth Pillars: Proprietary Technology Platform providing vast connections into the U.S. payments ecosystem Marketable Base of thousands
Slide 6: New Business Segments
New Business Segments Our segments highlight how we manage the business and provide more visibility of our technology-driven solutions Secure Card Solutions A leading provider of debit and credit card and personalization solutions in the U.S. market focusing on innovation, quality, and customer serv
Slide 7: 2025 Accomplishments
2025 Accomplishments Growing share and helping customers win Secure Card Solutions Arroweye acquisition exceeds expectations Successful completion of Indiana secure card production facility Expanded metal cards offerings Prepaid Solutions Successful entry into closed loop prepaid market in U.S. Expa
Slide 8: 2025 Q4 Financial Review
2025 Q4 Financial Review £6 cpi.
Slide 9: Fourth Quarter Financial Highlights
Fourth Quarter Financial Highlights Q4 25 Q4 24 % Change (in millions, except per share data) Commentary Revenue $ 153.1 $ 125.1 22% Revenue increase driven by the addition of Arroweye and strong growth from contactless debit and credit cards and Gross Profit $ 48.3 $ 42.6 13% instant issuance, part
Slide 10: Full Year Financial Highlights
Full Year Financial Highlights YTD 25 YTD 24 % Change (in millions, except per share data) Commentary Revenue $ 543.5 $ 480.6 13% Revenue increase driven primarily by the addition of Arroweye and strong growth from contactless debit and credit cards and Gross Profit $ 170.1 $ 171.2 -1% instant issua
Slide 11: Balance Sheet, Liquidity, Net Leverage and Cash Flow
Balance Sheet, Liquidity, Net Leverage and Cash Flow ($ in millions) 2025 Highlights: Dec. 31, Dec. 31, Balance Sheet, Liquidity and Net Leverage Ratio Acquired Arroweye for a purchase price of ~$46 million in May 2025 2024 Completed build-out of new Indiana secure card production Cash on hand $ 21.
Slide 12: Business Segments
Business Segments Secure Card Solutions Debit and credit card production and personalization Arroweye solutions Prepaid Solutions Open and closed loop prepaid solutions Healthcare payment solutions Integrated Paytech Instant issuance solutions Other digital and platform solutions, including push pro
Slide 13: 2026 Outlook
2026 Outlook Good growth expected in 2026 Full-year outlook 2026 Growth expected from each business Revenue: high single-digit growth segment Good growth from Secure Card Solutions Adjusted EBITDA¹: low-to-mid single-digit growth and Prepaid Solutions Continued investment in strategic initiatives 15
Slide 14: Summary
Summary Accelerated revenue and Adjusted EBITDA growth in Q4 Solid financial performance for full year Significant strategic advancements and investments in 2025 Good growth expected in 2026 Strategic focus on growing core and expanding integrated paytech solutions The Contactless Indicator mark, co
Slide 15: Contact
Contact (877) 369-9016 investorrelations@cpicardgroup.com www.cpicardgroup.com 15
Slide 16: Visa and Mastercard U.S. Cards in Circulation
Visa and Mastercard U.S. Cards in Circulation Cards in circulation have grown at a 7.5% CAGR over the last three years to 2.3B, up from 1.8B 2,241 2,258 2,232 2,269 2,162 2,092 2,116 2,005 2,047 1,953 1,977 1,914 1,829 830 846 863 880 762 783 751 760 715 725 738 693 674 1,332 1,354 1,379 1,411 1,412
Slide 17: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 EBITDA represents earnings before interest, taxes, depreciation and amortization. Reconciliation of net income to EBITDA and Adjusted
Slide 18: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures LTM Adjusted EBITDA Year Ended December 31, 2025 2024 We define LTM Adjusted EBITDA as adjusted EBITDA Reconciliation of net income to LTM EBITDA and Adjusted EBITDA: ($ in millions) (defined previously) for the last twelve months. The LTM Net income $
Slide 19: Supplemental Financial Measures
Supplemental Financial Measures As of December 31, Net Leverage Ratio 2025 2024 Management and various investors use the ratio of debt Calculation of Net Leverage Ratio: ($ in millions) principal outstanding, plus finance lease obligations, less cash divided by LTM Adjusted EBITDA, or “Net Leverage