REG - Eurowag - Trading Statement

WAG Payment SolutionsAnnouncement

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RNS Number : 4350Q  Eurowag  27 January 2026

P-LEI:
213800HU63CWV5J8YK95
                   27 January 2026

 

W.A.G payment solutions plc ("Eurowag" or the "Group")

 

Trading Update

 

Strong financial performance in FY 2025; Adjusted cash EBITDA expected above
guidance

 

W.A.G payment solutions plc ("Eurowag", or the "Group") today announces an
unaudited trading update for the 12 months ended 31 December 2025.

 

Financial highlights(1,2)

( )

·    ~13% organic Net Revenue growth, in line with 2025 guidance: Total
net revenue for the full year is expected to be approximately €330m (2024:
€292.5m), representing ~13% year-on-year growth, in-line with our 2025
guidance

 

·    Adjusted EBITDA margin, expected to align with 2025

 

·    Adjusted cash EBITDA, above 2025 guidance: Adjusted cash EBITDA(3)
is anticipated to be above the ~€95m guidance communicated in our HY 2025
results

 

·    Strong cash generation, leverage below 2.0x: Cash generation
continues to be strong, expecting net debt to Adjusted
EBITDA below 2.0x at year end

( )

·    Eurowag Office progressing well: Implementation on track for 30%
customer adoption by end of Q1 2026

 

Outlook and FY 2026 guidance

 

In 2025, we continued to scale Eurowag Office successfully, progressing
towards our goal of migrating ~30% of our customers base by the end of the
first quarter of 2026, with the aim of having the majority of our
customers using the platform by the end of FY 2026.

As 2026 will be a migration year for the Group, our 2026 guidance is aligned
with full-year 2025 guidance. We expect low double-digit net revenue growth,
alongside sustained Adjusted EBITDA and Adjusted cash EBITDA margins. Our
capital expenditure target remains unchanged, with R&D investment expected
to stay below the €50 million cap in FY 2026. Supported by the value
creation from our integrated platform and ongoing operational efficiency
initiatives, Eurowag is well positioned to deliver future growth and continued
strong cash generation.

 

Notice of results

Eurowag expects to announce its FY 2025 results on Wednesday, 25 March 2026.

Notes:

1.     The Group used "Net revenue", defined as revenue less costs of
goods sold in the 2024 Annual Report and in other information supplied to
markets, a subtotal similar to gross profit.

2.     Please note the numbers are unaudited and are therefore
preliminary. Growth rates may differ due to rounding.

3.     Defined as Adjusted EBITDA less capitalised R&D plus non-cash
share-based payments.

 

 

Forward-looking Statements

 

This announcement includes statements that are, or may be deemed to be,
'forward-looking statements.' By their nature, such statements involve risk
and uncertainty since they relate to future events and circumstances. Actual
results may, and often do, differ materially from any forward-looking
statements. Any forward-looking statements in this announcement reflect
management's view with respect to future events as at the date of this
announcement. Save as required by law or by the Listing Rules of the Financial
Conduct Authority, the Group undertakes no obligation to publicly revise any
forward-looking statements in this announcement following any change in its
expectations or to reflect subsequent events or circumstances following the
date of this announcement.

 

ENQUIRIES

 

Eurowag

Carolina Orozco

VP Investor Relations and Communications

+44 (0) 75 5537 3873

investors@eurowag.com (mailto:investors@eurowag.com)

 

Sodali & Co

Justin Griffiths, Gilly Lock

IR and international media

+44 (0)20 7250 1446

eurowag@sodali.com (mailto:eurowag@sodali.com)

 

 

About Eurowag

Eurowag was founded in 1995 and is a leading technology company and an
important partner to Europe's commercial road transport industry, with a
purpose to make it clean, fair and efficient. Eurowag enables trucking
companies to successfully transition to a low carbon, digital future by
harnessing all mission critical data, insights and payment and financing
transactions into a single ecosystem and connects their operations seamless
before a journey, on the road and post-delivery. Eurowag is listed on the
London Stock Exchange (LSE:EWG) and is a constituent of the FTSE 250.
investors.eurowag.com (https://investors.eurowag.com/)

 

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