Overview
- Net revenue for H2 2025 was €1.27 billion, up 21% on a constant-currency basis but 17% on a reported basis as FX weighed on results.
- Full-year 2025 revenue reached €2.36 billion and the core profit margin expanded to 53%, with H2 EBITDA rising 23% to €702 million and margins around 55%.
- The company guided 2026 revenue growth to 20–22% and said EBITDA margin would be in line with 2025 levels, while reiterating an expectation of above 55% by 2028.
- Point‑of‑sale processing continued to scale, with €173 billion handled in H2, up 26% year on year, alongside expanded partnerships with clients such as Starbucks and Uber.
- Shares dropped intraday by roughly a fifth as reported growth trailed constant-currency gains, APAC growth moderated and a weaker U.S. dollar pressured headline figures.