GlobeNewswire·Nov 19, 2025, 7:30 AM ET

Nayax Reports Third Quarter 2025 Results

NYAX

Nayax reported Q3 2025 revenue of $104.3 million, representing a 25.7% year-over-year increase.
Processing revenue grew 33%, while SaaS revenue increased 23% to contribute to total recurring revenue of $77.1 million.
Organic revenue growth for the quarter was 24.7%, with the company reaffirming a full-year 2025 organic revenue growth target of at least 25%.
Net income for the quarter reached $3.5 million, compared to $0.7 million in the prior year period.
Adjusted EBITDA for Q3 2025 was $18.2 million, reflecting a margin of 17.5% of total revenue.
Gross margin improved to 49.3% from 45.7% in the previous year, driven by higher processing margins & optimized hardware costs.
Total transaction value grew 34.6% to $1.763 billion, while the number of processed transactions increased 20.9% to 736 million.
The customer base expanded by 20.6% to 109,571 customers, adding 4,880 new customers in the quarter.
Managed & connected devices increased 16.8% to 1.433 million, with over 56,300 new devices added in Q3 2025.
The company updated its 2025 full-year revenue guidance to $400 million-$405 million (constant currency) & Adjusted EBITDA guidance to $60 million-$65 million due to M&A timing delays.
Strategic partnerships include collaborations with ChargeSmart EV, Onebeat, & Autel Energy to expand payment solutions in EV charging & retail sectors.
Nayax signed a non-binding letter of intent to acquire Integral Vending, its exclusive distribution partner in Mexico, to strengthen its Latin American market position.
As of September 30, 2025, the company held $172.8 million in cash & cash equivalents against total debt of $156.2 million.
Free Cash Flow for the quarter was $3.9 million, derived from $10.5 million in cash provided by operating activities.
The 2028 outlook remains unchanged, projecting ~35% annual revenue growth, a 50% gross margin, & a 30% Adjusted EBITDA margin.