Nayax Ltd. · TASE:NYAX
Nayax — Q1 2026 Earnings Presentation
26 slides from Nayax's earnings presentation, May 12, 2026
Slide 1: First Quarter 2026 Results
First Quarter 2026 Results May 12, 2026 1
Slide 2: Important Disclosure
Important Disclosure Forward-looking statements, risk factors, and non-GAAP financial measures referenced in this presentation • 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 publi
Slide 3: Today's Presenters
Today’s Presenters Yair Nechmad Sagit Manor CEO & Co-Founder CFO 3
Slide 4: Global Platform - Multiple Verticals
Global Platform - Multiple Verticals Nayax provides payments, software, and consumer engagement solutions across a wide range of automated retail verticals Vending Fueling Self-Service Kiosks Car Wash & Air Vac Restaurants Massage Chair Parking EV Charging Micro Markets Laundromats Amusement Food &
Slide 5: Company Overview: Full Year 2025 Global Presence
Company Overview: Full Year 2025 Global Presence Revenue Recurring revenue USA Canada UK Germany Israel Australia China Japan South Brazil New Netherlands Lithuania 2024: $314.0M ▲28% 2024: $222.3M ▲29% Africa Zealand $400.4M $287.2M Gross Margin Adj. EBITDA (1) 2024: 45.1% ▲3.1% 2024: $35.5M ▲72% 4
Slide 6: Financial Performance & Outlook
Financial Performance & Outlook 6
Slide 7: Company Overview: Q1 2026
Company Overview: Q1 2026 Revenue Recurring revenue Q1 25: $81.1M ▲32% Q1 25: $62.2M ▲27% $106.9M $79.3M Gross Margin Adj. EBITDA (1) Q1 25: 49.2% ▲in line Q1 25: $9.7M ▲43% 48.9% $13.9M Total transaction Customers value Q1 25: $1.3B ▲33% Q1 25: 100K ▲20% $1.8B 120K Managed & connected Dollar-based
Slide 8: Q1 2026 Key Highlights
Q1 2026 Key Highlights(1) • Revenue increased 32% to $106.9 million, driven by both new and existing customer expansion Strong growth • Organic revenue (2) growth for the quarter was 26% • Recurring revenue grew 27% to $79.3 million and represented 74% of total revenue • Number of customers increase
Slide 9: Highly Attractive Customer Base And Global Reach
Highly Attractive Customer Base And Global Reach Low Customer Concentration Global Revenue Diversification Rest of the Israel World 6% 4% Top 3, 8% LATAM Top 4-10, 7% 7% North America Top 11-20, 4% Oceania 41% 9% Top 21-50, 7% Q1 2026 Q1 2026 UK All other 11% customers, 75% Europe 22% 9
Slide 10: Rapid and Sustainable Revenue Growth
Rapid and Sustainable Revenue Growth Annual Revenue ($M) Quarterly Revenue ($M) CAGR(1) +35.4% ▲ 400.4 314.0 113.2 235.5 91.7 QoQ +31.8% ▲ 173.5 84.4 119.1 68.7 287.2 106.9 222.3 81.1 48.0 27.6 151.1 18.9 104.8 79.3 71.2 62.2 2021 2022 2023 2024 2025 Q1-2025 Q1-2026 SAAS Revenue and Payment Processi
Slide 11: Processing Revenue Growth & Take Rate
Processing Revenue Growth & Take Rate(1) Primarily driven by higher number of transactions across our installed-base Annual Processing Revenue ($M) Quarterly Processing Revenue ($M) CAGR +47.8% ▲ 174.1 19 00. 3.0% 0 17 00. 2.9% 0 133.8 15 00. 2.8% 0 13 00. 2.7% 0 QoQ +29.3% ▲ 92.2 2.73% 2.70% 11 00.
Slide 12: Continued Gross Profit & Margin Expansion
Continued Gross Profit & Margin Expansion Gross margin improvment driven by strong operational efficiencies Annual Gross Profit ($M) Quarterly Gross Profit ($M) CAGR +41.5% ▲ 49.2% 48.9% 60 .0 50 .0 % 48.2% 50 .0 45 .0 % 40 .0 40 .0 % 30 .0 35 .0 % 20 .0 30 .0 % 10 .0 25 .0 % 45.1% - 20 .0 % 193.0 2
Slide 13: Disciplined Cost Management Reflected in Adjusted OPEX Margin
Disciplined Cost Management Reflected in Adjusted OPEX Margin Adjusted OPEX as a % of revenue declining, reflecting increasing operating leverage 16 00. Annual Adjusted OPEX(1) ($M) 50 % Quarterly Adjusted OPEX(1) ($M) 14 00. 133.6 45 % 44% 12 00. 42% 107.4 40 % 10 00. 80.7 80 .0 73.2 35 % 37.6% 34%
Slide 14: Efficiently Scaling the Business & Driving Margin Expansion
Efficiently Scaling the Business & Driving Margin Expansion Adjusted EBITDA reflecting profitable expansion and disciplined investment Annual Adj EBITDA (1) ($M) Quarterly Adj EBITDA (1) ($M) YoY(2) +72.1% ▲ QoQ +43.3% ▲ 15% 70 .0 20 % 13% 60 .0 50 .0 11% 61.1 15 % 12% 40 .0 35.5 10 % 30 .0 3% 16 .0
Slide 15: 2026 Outlook
2026 Outlook (1) Continued growth & profitability expansion Metric FY 2026 Guidance Assumptions Revenue $510m - $520m • Revenue guidance is inclusive of organic revenue growth of 22% to 25% • Expected further improvement in profitability Organic Revenue (2) 22%-25% with adjusted EBITDA margin of aro
Slide 16: Mid-term Outlook
Mid-term Outlook (1) Revenue $1bn 2028 framework, includes $1 billion in revenue, driven by a combination of organic growth and strategic M&A, 50% gross margin, and 30% adjusted EBITDA margin. The increasing share of recurring revenue, the continued growth in ARPU, Gross Margin 50% and the disciplin
Slide 17: Appendix
Appendix Nayax 17
Slide 18: 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 19: Massive Cashless Opportunity
Massive Cashless Opportunity TAM of 45M+ Unattended Machines and Growing Cashless payment volume in unattended retail estimated to significantly increase globally from Growth Driven by Multiple Self-Service Verticals Key Market Drivers 2025 to 2029 2021-2025E 2025E-2029E Cashless Transaction Value b
Slide 20: 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 21: Payment as a Center of Gravity
Payment as a Center of Gravity Global Cashless Payments Acceptance Embedded Financing & Multiple Integrated POS Management Platform Loyalty & Marketing Solutions Banking Unattended POS POS & Registers Automated Self Service Energy & Mobility Hospitality & Retail Fuel Multiple unattended retail Compl
Slide 22: Our Differentiated Go-To-Market Strategy
Our Differentiated Go-To-Market Strategy Resellers Global Offices 1,160 Enterprise > 3k* 13 Online eShops Distributors SMB 26-3,000* 15 80+ Financial Global OEM Partners Nano Partners 1-25* 50 3,500+ *POS devices As of 31st of December 2025 22
Slide 23: IFRS to Non-IFRS Reconciliation
IFRS to Non-IFRS Reconciliation Quarter ended (U.S. dollars in thousands) Mar 31, 2026 Mar 31, 2025 Net income for the period 1,280 7,156 Finance expense, net 3,406 491 Income tax expense (benefit) (553) 246 Depreciation and amortization 7,177 5,721 EBITDA 11,310 13,614 Share-based payment costs 2,
Slide 24: IFRS to Non-IFRS Reconciliation
IFRS to Non-IFRS Reconciliation Quarter ended (U.S. dollars in thousands) Mar 31, 2026 Mar 31, 2025 Operating Cash 3,578 1,289 Capitalized development costs (7,794) (6,226) Acquisition of property and equipment (1,804) (796) Free Cash Flow (6,020) (5,733) Quarter ended (U.S. dollars in thousands)
Slide 25: Key Definitions
Key Definitions Managed & Connected Existing Customer Expansion ARPU End Customers Customers that contributed to Nayax Devices Revenue generated within a given A financial metric that measures the revenue in the last 12 months. cohort over the years presented. Each average recurring revenue generate
Slide 26: Thank You!
Today’s Speakers Thank You! IR Contact Full Name Website Full Name Aaron Greenberg Position Position ir.nayax.com Chief Strategy Officer ir@nayax.com 26