PayPoint plc (PAY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Paypoint Preliminary Results conference call. I'm Mello, the chorus call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star, then 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Nick Wiles, CEO. Please go ahead. Thank you very much, and good morning, everyone. Welcome to our interim results presentation for six months to September 2024. Our agenda this morning will follow the usual format. I'll give an overview of the results. We'll then cover the financials in more detail, followed by an update on strategy, our business review, and then an updated outlook before we open up for Q&A. In terms of our first half highlights, the results show a continued strong performance from the business, which certainly underpins our confidence in meeting expectations for the year as a whole. Our strategic investments in both the Oval and OB Connect, which we've made in the first half, have strengthened our growth opportunities in both parcels and open banking, and we continue to enhance our proposition in a number of our key growth areas, such as cards, open banking, our retailer community services, I Love to Shop. And we're doing this whilst retaining our capital allocation discipline as we invest in the business, grow our dividend, and continue our share buyback program, all within a financial framework of around one times EBITDA. Turning to the headline numbers, our financial performance across the business is strong. underlying EBITDA up over 20%,...