Refile: Europe's WAG Payment Solutions 2025 adjusted EBITDA beats estimates

WAG Payment Solutions

25/03/2026 07:16

Corrects to clarify "net revenue" in key details table

Overview

Europe payment solutions provider's preliminary 2025 net revenue grew, driven by payment solutions

Adjusted EBITDA rose 8.5% and beat analyst expectations

Company launched Eurowag Office platform, began customer migration, and reduced net debt and leverage

Outlook

Company guides for low double-digit net revenue growth in FY 2026

Adjusted EBITDA margin expected to be around 40% in 2026

Adjusted cash EBITDA seen between €105 mln and €115 mln for FY 2026

Result Drivers

TOLL REVENUE GROWTH - Net revenue growth was primarily driven by a 52.3% increase in toll revenues, supported by expansion of the EETS toll solution, higher toll prices, and network growth

PAYMENT SOLUTIONS - Payment solutions net revenue rose 20.1%, reflecting solid growth in core offerings

OPERATING EXPENSES - Higher operating expenses, mainly due to increased employee costs for scaling and performance-aligned remuneration, offset margin gains

Company press release: ID:nRSY9806Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Revenue
EUR 330.1 mln
FY Adjusted EBITDA
Beat
EUR 132.10 mln
EUR 129.86 mln (9 Analysts)
FY Adjusted EBITDA Margin
40.00%
FY Basic EPS
EUR 0.003
FY Pretax Profit
EUR 19 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for WAG Payment Solutions PLC is GBp131.00, about 32.6% above its March 24 closing price of GBp98.80

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)