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EML Payments Limited (ASX:EML)

ALERT: Price-sensitive ASX Announcement for EML
Current share price for EML : $0.310 -0.385 (-55.40%)+
Announcement
Release
25 Feb 2026 8:53AM
Price at Release
$0.695
Full Release
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Summary
EML Payments Limited announced its financial results for the first half of the fiscal year 2026. The company reported a revenue decline of 6% compared to the previous corresponding period (PCP), with revenue totaling $108.4 million. The underlying EBITDA also decreased by 16% to $28.0 million, primarily due to reduced gross profit. The statutory net profit after tax (NPAT) recorded a loss of $4.0 million, a significant drop from a profit of $9.5 million in the PCP. EML's cash reserves fell by $11.5 million to $47.8 million, influenced by class action settlement payments, among other factors. The company anticipates improvements in revenue realization timing as operational processes are re-engineered. Despite the current challenges, EML is optimistic about future growth, supported by a strong pipeline of new programs and ongoing restructuring efforts under the EML 2.0 initiative.
Key Points
  • Revenue for 1HFY26 was $108.4 million, a 6% decrease from the prior year.
  • Underlying EBITDA decreased by 16% to $28.0 million.
  • Statutory NPAT was a loss of $4.0 million, down from a profit of $9.5 million in the previous year.
  • Cash reserves decreased by $11.5 million to $47.8 million.
  • The company is undergoing restructuring under the EML 2.0 initiative.
  • Future growth anticipated with a strong pipeline of new programs.
  • Operational process improvements are expected to enhance revenue realization timing.
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.