HPS exceeds its 2025 targets and reaches an inflection point
FY-2025 Earnings Presentation
March 26, 2026
Feel Good about Payments
FY-2025 Highlights
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 expanding margins with progressive Ramp-Up of existing customers. SaaS becomes #1 HPS revenue line.
02
Record visibility with Backlog up +89%
1,672 M MAD in secured future revenues on back of record commercial momentum. Operational cash flow multiplied by 5× vs 2024 (239 M MAD vs 49 M MAD). Net debt reduced by 42.5%. HPS enters 2026 with its strongest ever balance sheet.
03
Guidance exceeded across every metric
Revenue +22.3% (target: >20%) • EBITDA +30% (target: >30%) • Net profit +40.5%.
2025, the Story behind the numbers
"EBITDA will triple in H2 vs H1" - H1 2025 Earnings Presentation, September 2025
H1 2025
69.8
M MAD
EBITDA margin: 10.4%
SaaS transition + exceptional FX headwinds
x3
H2 2025
~216
M MAD
EBITDA margin: ~25%
Backlog deployment • SaaS Ramp Up • Large On-Prem Delivery
FY 2025 EBITDA: 286 M MAD • Full-year margin: 18.4% • SaaS inflection point reached
2025, the Inflection Point
2 years of Explosive Growth in TCV s strong Backlog reinforcement
A new strong bookings year: TCV about G00 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 leading player in Asia, the largest and most dynamic market for payments globally.
Commercial success driven by PowerCARD V4, the new generation of HPS technology, designed to deliver next-generation performance, agility, and security.
Strong growth of the Backlog that reached
Strategic Achievements