Record Revenue Growth
Total revenue increased by 10% over 2023, reaching $1.6 billion, surpassing the guidance and expectations set by the company.
Strong EBITDA Performance
Adjusted EBITDA grew by 18% to $466 million, with a margin expansion of over 300 basis points, indicating strong operational leverage.
Cash Flow and Liquidity Improvement
Cash flow from operating activities more than doubled to $359 million, and the company reduced its total debt by over $100 million, resulting in a net debt leverage ratio of 1.5x.
Successful Contract Renewals and New Wins
The company successfully signed major new contracts early in the year, including the largest new logo win in the Asia Pacific region, contributing to a positive start for 2025.
Positive Segment Growth
Bank segment revenue increased by 14%, and Merchant segment revenue grew by 10%, both contributing to the overall revenue growth.