Record Revenue and Growth
Nayax delivered record revenue of $315.2 million in 2024, a 34% increase on a constant currency basis, in line with guidance. Recurring revenue grew 47% and now represents 71% of total revenue.
Strong Adjusted EBITDA Growth
Adjusted EBITDA increased more than 4 times to $35.5 million, exceeding guidance, with approximately 30% of incremental revenue growth scaling to adjusted EBITDA.
Positive Free Cash Flow
Nayax achieved positive free cash flow of $18 million for the year, converting more than 50% of adjusted EBITDA into free cash flow.
Expanding Customer Base and Devices
Customer base expanded 32% to over 95,000, and the install base of managed connected devices grew 21% to 1,260,000 devices.
Strategic Partnerships and Expansion
Notable partnerships include CandyMachines in the US, Pelican Group, and expansion into Latin America with a launch in El Salvador, and agreements in Europe with Tesco and other large buying groups.