Overview
W.A.G Payment Solutions plc has provided updated financial expectations for fiscal 2025 and initial guidance for 2026. The company now anticipates organic net revenue growth of approximately 13% in 2025, bringing revenues to around 0330 million - a figure the company says is about 1% ahead of analyst consensus.
Profitability and balance sheet
Management indicated that adjusted cash-EBITDA will come in above the companys 2025 guidance level of 095 million, which the company described as representing more than a 1% beat versus expectations. Alongside that, net debt is forecast to decline to below 2x leverage, improving on the 2.3x reported at the end of 2024.
Market valuation
The shares were cited trading at 124.00p, with a stated price target of 132.00p.
Product rollout and customer adoption
The company said the Eurowag Office rollout is "well progressing." It expects the implementation to reach roughly 30% adoption among its customer base by the end of the first quarter of 2026 and is targeting a majority of customers on the system by the end of 2026.
Outlook for 2026 and margins
Looking to 2026, W.A.G Payment Solutions issued guidance for low double-digit net revenue growth, which it characterized as slightly above analyst consensus in the 9-11% range. The company also said it expects to sustain margins for both adjusted EBITDA and adjusted cash-EBITDA. Adjusted EBITDA for 2025 is expected to be in line with the companys guidance of approximately 40%, although management did not provide segment-level detail.
Investment and capital expenditure
Capital expenditure targets remain unchanged. Research and development spending is expected to stay below 050 million.
Note: The company provided these figures and targets without additional segmental breakdowns or further operational detail.