Australia's EML Payments hits 3-year low on lowering FY26 earnings outlook

EML Payments

13/04/2026 04:14

** EML Payments EML.AX slides as much as 31.3% to A$0.395, lowest since March 27, 2023

** Stock logs biggest intraday pct gain since November 29, 2023

** Payments solution platform expects FY26 underlying EBITDA of A$47 mln-A$50 mln ($35.2 mln) vs A$58 mln-A$60 mln projected earlier

** Says new programme implementations decrease revenue contribution expected in FY26; trading in northern hemisphere businesses below forecast during Q3

** YTD, EML down 56.8%

($1 = A$1.4215)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))