Tyro Payments Ltd. ( (AU:TYR) ) has shared an announcement.
Tyro Payments Ltd reported strong financial results for the first half of FY25, with a 6.5% increase in gross profit to $112 million and a 20.6% rise in EBITDA to $33 million. The company achieved a net profit before tax of $10.3 million, doubling from the previous year, and maintained strong free cash flow. Tyro’s growth was driven by increased adoption of its integrated banking products, significant growth in Tyro Health’s transaction volumes, and the launch of new services like Payment Links. The company remains confident in meeting its FY25 guidance, projecting gross profit between $218 million and $226 million and an expanded EBITDA margin of around 28%.
More about Tyro Payments Ltd.
Tyro Payments Ltd is a company operating in the financial services industry, primarily offering integrated banking and payment solutions. The company focuses on providing services to merchants, with a particular emphasis on the healthcare sector, and aims to enhance the merchant value proposition through reliable and efficient payment solutions.
YTD Price Performance: 6.13%
Average Trading Volume: 993,235
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$456.7M
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