PayPoint Plc (PAY.L) on Thursday posted lower profit for fiscal 2025, that reflected higher one-time charges. The company also increased and extended its share buyback programme. The final dividend was also raised from last year.
The financial services company posted pre-tax profit of 26.29 million pounds in fiscal 2025, down 45 percent from pre-tax profit of 48.18 million pounds last year. Underlying pre-tax profit, however, rose 10 percent to 68.0 million pounds from 61.7 million pounds in the prior year.
Profit for the year declined to 19.3 million pounds or 26.3 pence per share from 35.69 million pounds or 48.8 pence per share a year ago. On an underlying basis, earnings per share climbed 10.4 percent to 69.1 pence from 62.6 pence last year.
Annual revenue came in at 310.7 million pounds, up 1.4 percent from 306.4 million pounds in fiscal 2024. Underlying EBITDA for the year rose 11 percent to 90.0 million pounds from 81.3 million pounds in the previous year.
PayPoint said that it will increase and extend its 3-year share buyback programme until the end of March 2028. The company said that the buyback programme will be raised with the intention to return at least 30 million pounds per annum to shareholders.
The company announced a 2.1 percent in its final dividend to 19.6 pence per share, compared to last year's 19.2 pence per share. The dividend will be payable in equal instalments of 9.8 pence per share on August 11 and September 26 to shareholders on the register on July 4 and August 29 respectively.
Looking ahead, PayPoint reaffirmed its outlook of achieving 100 million pounds EBITDA by the end of fiscal 2026. The company added that for the next three years to the end of fiscal 2028, it plans to reach net revenue growth in the range of 5 percent to 8 percent per annum across the Group.
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