Paypoint Plc · LSE:PAY
Paypoint — FY2026 Earnings Presentation
28 slides from Paypoint's earnings presentation, Jun 11, 2026
Slide 1: Results for the year ended 31 March 2026
Results for the year ended 31 March 2026
Slide 2: Agenda
Agenda 2 1 Overview 2 Financial Review 3 Business Reorganisation 4 Outlook 5 Q&A Results for the year ended 31 March 2026
Slide 3: Record profits and shareholder returns
Record profits and shareholder returns 3 1 2 3 Record profits and Strong progress in key growth Reorganisation strengthens shareholder returns levers platform for growth delivered 1. Launch of PayPoint BankLocal Simplification of Group into four Underlying PBT of £69.0m service with Lloyds Banking b
Slide 4: Performance overview
Performance overview 4 FY25 FY26 HISTORICAL DIVISIONAL PERFORMANCE SHOPPING E-COMMERCE Underlying £90.0m +2.2% £92.0m FY25 FY26 FY25 FY26 EBITDA1 £65.2m +1.7% £66.3m £16.4m -4.9% £15.6m net revenue net revenue net revenue net revenue Underlying +1.5% £68.0m £69.0m PBT2 PAYMENTS AND BANKING LOVE2SHOP
Slide 5: Divisional highlights
Divisional highlights 5 SHOPPING E-COMMERCE Service Fee – service fee net revenue increased by 8.7% to £23.7m, driven by a slight increase in Net Revenue – decreased by 4.9% to £15.6 million, with continued strong momentum from Royal the number of revenue-generating PayPoint One/Mini sites and t
Slide 6: Financial Review
Pp | PayPoint Group Financial Review \ .
Slide 7: Record profits delivered
Record profits delivered 7 Year ended 31 March 2026 2025 £m £m Change Revenue1 337.0 310.7 8.5% Net revenue2 190.8 187.7 1.7% See slide 8 Total costs (121.8) (119.7) 1.8% Underlying profit before tax3 69.0 68.0 1.5% See slide 9 Made up of: PayPoint Segment 51.1 53.4 Love2Shop segment 17.9 14.6 Adjus
Slide 8: Net revenue analysis
Net revenue analysis 8 Year ended 31 March 2026 2025 Change Change £m £m £m % Shopping 66.3 65.2 1.1 1.7% - Service fees 23.7 21.8 - Card payments 31.6 32.4 - ATMs & Counter Cash 7.6 7.8 - Other 3.4 3.2 E-commerce 15.6 16.4 (0.8) (4.9)% Payments & Banking 55.4 54.4 1.0 1.8% - Digital 15.4 13.7 - Dig
Slide 9: Underlying PBT view vs. previous year
Underlying PBT view vs. previous year 9 £72.0m £71.0m £1.8m £70.0m (£2.1m) £69.0m £1.0m (£0.8m) £1.1m £68.0m £69.0m £68.3m £68.3m £67.0m £68.0m £66.0m Underlying PBT 24/25 Net Revenue Net Revenue Net Revenue Net Revenue L2s Net Costs* Underlying PBT 25/26 Shopping E-Commerce Payments & Banking *See
Slide 10: Cost base with full year of obconnect costs
Cost base with full year of obconnect costs 10 £m 125.0 124.0 123.0 £0.8m (£1.6m) 122.0 £2.1m 121.0 120.0 £0.8m £121.8m £121.8m 119.0 £119.7m 118.0 117.0 Total costs excluding Inflationary cost pressures obconnect (full year effect) financing People and overheads Total costs excluding adjusting item
Slide 11: Cash generation
Cash generation 11 Year ended 31 March 2026 2025 Change £m £m £m Profit before tax 55.5 26.3 29.2 Non cash adjusting items 1.7 25.0 (23.3) Depreciation and amortisation 15.1 14.9 0.2 Depreciation and amortisation – acquired intangibles/adjusting items 5.2 10.4 (5.2) Share based payments / other 1.0
Slide 12: Balance sheet
Balance sheet 12 March March Change 2026 2025 £m £m £m Goodwill 129.6 129.6 - Other intangible assets 74.5 71.9 2.6 Property, plant & equipment 31.3 31.9 (0.6) Strategic investments and acquisitions (Yodel) 2.7 3.9 (1.2) Pension asset 2.1 0.2 1.9 Cash and cash equivalents – corporate 6.2 4.9 1.3 Ban
Slide 13: Dividend and Financing
Dividend and Financing 13 Capital allocation policy Net Corporate debt and future cash requirements • Investment in the business through small investments and capital • Net corporate debt is £132.5m made up of gross debt and overdrafts of expenditure in innovation to drive future revenue streams and
Slide 14: Business Reorganisation
P| PayPoint Group Business Reorganisation N <
Slide 15: Underpinning net revenue growth of 5-8% pa
Underpinning net revenue growth of 5-8% pa 15 1 Reorganisation creates a transparent and accountable structure and simplified business This will deliver: • Clear strategy for each business unit 2 • Greater focus on the delivery of key growth projects • Investment in key enablers to growth, including
Slide 16: Overview of reorganised business
Overview of reorganised business 16 Network Services Digital Payments & Open Banking Retail Technology and Services FY26 FY26 Digital Payments Solutions net • c. 20k independent retailers net • Extensive existing client base • c.10k multiple retailers revenue revenue • New business development (PP c
Slide 17: Network Services – strategy to grow retailer value
17 Network Services – strategy to grow retailer value Delivering a comprehensive community services proposition through a fully integrated retailer network What will be different? Four primary regions 36 sub regions Focus on increasing revenue per store, improving compliance and widening product p
Slide 18: Digital Payments & Open Banking – delivering a single technology platform
18 Digital Payments & Open Banking – delivering a single technology platform Bringing together PayPoint MultiPay, obconnect and Aperidata into a single technology platform What will be different? Bringing together our leading digital payments and Open Banking capabilities under a single management
Slide 19: Love2shop – maximising lifetime value of billings in each channel
Love2shop – maximising lifetime value of billings in each channel 19 Driving growth from enhanced technology platform and expansion of distribution channels Optimising product distribution in each channel to achieve blended double digit lifetime margin Strengthened go to market strategy, support
Slide 20: Merchant Services – strategic reset of business
Merchant Services – strategic reset of business 20 Reset of strategy to focus on higher value SMB* growth and greater focus on mid-market growth in the card acquiring business, combined with partnership growth strategy in Merchant Rentals and Business Finance What will be different? Reset of strat
Slide 21: Outlook
Pp | PayPoint Group Outlook
Slide 22: Outlook
Outlook 22 FY27 is a year of evolution for the business with the reorganisation now underway driving significant change throughout the 1 Group and strengthening the platform required to deliver a net revenue target growth rate of 5-8% per annum Our priorities in the first quarter have been to: imple
Slide 23: Q&A
Pp | PayPoint Group Q&A
Slide 24: Appendix
Pp | PayPoint Group Appendix
Slide 25: Reorganised business structure mapping
Reorganised business structure mapping 25 Division Services Banking services (Consumer & SME) Parcels Network Services Government services & bill payments Digital & engagement platform Multichannel payments (A2A, Cards, Direct Debit, Cash) Funds disbursement (FPS, Direct Credit, Cash) Digital Paymen
Slide 26: FY26 Results – reorganised business structure
FY26 Results – reorganised business structure 26 Net revenue Business Unit FY26 FY25 Network Services £92.4m £94.3m Digital Payments & Open Banking £13.3m £9.3m Love2shop £53.5m £51.7m Merchant Services £31.6m £32.4m TOTAL £190.8m £187.7m Business division mix Business Unit FY26 FY25 FY24 Network Se
Slide 27: Revenue map from historical to new organisation
Revenue map from historical to new organisation 27 Historical New Payments & Banking Digital Payments & Open Banking FY26 net FY26 revenue net Digital (MultiPay, Open Banking, obconnect) • Digital (MultiPay, Open Banking, Cash Out, • Digital (MultiPay, Open Banking, obconnect) revenue obconnect) £13
Slide 28: Investment case
Investment case 28 Strengthened platform targeting 5-8% net revenue growth pa Simplified, focused Group Resilient, cash generative Multiple growth drivers positioned for sustainable business supporting strong complemented by a unique UK growth shareholder returns network advantage The reorganisation