Australian card-payment machine maker Tyro tumbles as annual profit misses expectations
BUZZ-Australian card-payment machine maker Tyro tumbles as annual profit misses expectations ** Tyro Payments TYR.AX sinks as much as 12.6% to A$0.765, posting its sharpest intraday decline since July 2025
** Card-payment machine maker delivers a 40% YoY jump in FY normalised pre-tax profit, though the result fell 3% short of Visible Alpha consensus estimates, according to Jefferies
** Morningstar says a wide FY2027 guidance range likely dampens sentiment because it points to intense competition and risks around meeting forecasts
** Investment research firm says customer losses remain a concern, with merchant attrition and pricing pressure weighing on confidence despite earnings growth
** Jefferies notes top-line growth remains challenged by macro conditions and competition, with FY26 revenue up just 1% from last year and growth slowing in the second half
** Stock last down 4.9%, taking YTD losses to 17.2%
(Reporting by Tejas Harish in Bengaluru)
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