Paypoint plunges after co warns 100 mln-pound EBITDA target will take longer

PayPoint

20/11/2025 09:21

** Shares of British payments company PayPoint PAYP.L down 16.8% at 540p - top loser on FTSE mid-caps .FTMC index, which is up 0.6%

** Stock on track for biggest one-day pct loss since September 30, 2020

** Co says achieving 100 million-pound ($130.65 million)underlying EBITDA target for FY26 will take longer to reach

** However, it expects FY26 underlying EBITDA to be ahead of last year and broadly in line with market expectations

** Co posts H1 net revenue of 84.7 million pounds, up just 0.1%, with HY underlying EBITDA down 0.5%

** PAYP down 31.2%; mid-caps index up 4.5% YTD

($1 = 0.7654 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))