PayPoint makes 'encouraging start' as revenue climbs in first quarter
PayPoint PLC on Wednesday said net revenue increased in the first quarter of the new year, driven by a positive performance in the E-commerce, Payments & Banking and Love2shop divisions.
The Hertfordshire, England-based payments and retail technology group said revenue increased 7.5% to £42.2 million in the three months to the end of June from £39.2 million a year before.
Shopping divisional net revenue grew by 0.6% to £16.5 million from £16.4 million, while E-commerce net revenue spiked 21% to £5.1 million from £4.2 million.
PayPoint said this was supported by positive transaction growth of 19% to 38.2 million parcel transactions from 32.0 million a year before.
Net revenue in the Payments & Banking division increased by 4.9% to £12.8 million from £12.2 million, with continued growth in the MultiPay platform.
Net revenue in Love2shop jumped 22% in the first quarter to £7.8 million from £6.4 million.
‘As we indicated at our full year results in June 2025, the group has had an encouraging start to the current financial year. We remain confident in our operational plans, continued progress towards the delivery of our £100 million [earnings before interest, tax, depreciation and amortisation] target in the current year and our longer-term growth targets for the next three years to the end of [financial 2028],’ said Chief Executive Nick Wiles.
Wiles said the firm is actively monitoring and seeking to mitigate ‘consumer uncertainty and cautious behaviour’ in a number of markets with ‘tight cost discipline and a focus on the strong execution of our growth plans’.
Wiles said: ‘Our continued confidence in the growth opportunities in the business and the execution of our plan to deliver strong earnings growth and cash flow generation, have provided a strong platform for the board to further enhance shareholder returns through our increased and extended share buyback programme which commenced on 1 July 2025, returning at least £30 million per annum. The board remains confident in delivering further progress in the current year.’
Shares in PayPoint were up 0.1% at 750.00 pence in London on Thursday afternoon.
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