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EML Payments Limited (ASX:EML)

ALERT: Price-sensitive ASX Announcement for EML
Current share price for EML : $0.320 -0.375 (-53.96%)+
Announcement
Release
25 Feb 2026 8:54AM
Price at Release
$0.695
Full Release
download
Summary
The 1HFY26 Investor Presentation for EML Payments Limited details a 6% decline in revenue to A$108.4m due to decreased customer and interest revenue, alongside a decrease in net overheads driven by efficiency gains from the EML 2.0 initiative. Cash reserves also dropped by A$11.5m due to operational outflows. EML is focused on operational transformation through the EML 2.0 plan, which aims at enhancing commercial efficiency and deploying a single global platform. Despite facing challenges like non-recurring revenue impacts and reduced interest income, EML is engaged in a restructuring program set to complete by June 2026, with product development and expansion as key strategic focuses. The company has adjusted its FY26 underlying EBITDA guidance due to slower-than-expected customer onboarding.
Key Points
  • Revenue decreased by 6% to A$108.4m, with customer revenue down 4% and interest revenue down 11%.
  • Net overheads decreased by A$0.2m due to efficiency gains from EML 2.0.
  • Cash decreased by A$11.5m due to operating cash outflows, including costs for a class action and Project Arlo.
  • EML 2.0 aims to streamline operations and improve commercial efficiency with a focus on a single global platform.
  • The company is working towards a transformation with positive lead indicators and aims for operational efficiency.
  • Key challenges include dealing with non-recurring revenue impacts from the prior year and reduced interest income.
  • EML is undertaking a restructuring program expected to conclude by June 2026.
  • The document emphasizes the importance of product development and expansion in response to customer demand.
  • EML has tightened its FY26 underlying EBITDA guidance due to slower onboarding of new customers.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.