{"id":821154,"date":"2025-03-04T07:34:29","date_gmt":"2025-03-04T12:34:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nayax-reports-fourth-quarter-and-full-year-2024-results\/"},"modified":"2025-03-04T07:34:29","modified_gmt":"2025-03-04T12:34:29","slug":"nayax-reports-fourth-quarter-and-full-year-2024-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nayax-reports-fourth-quarter-and-full-year-2024-results\/","title":{"rendered":"Nayax Reports Fourth Quarter and Full Year 2024 Results\u00a0"},"content":{"rendered":"
\n

\n Full Year revenue of $314.0 million, recurring revenue growth of 47% YoY<\/strong>\n <\/p>\n

\n On a constant currency basis revenue of $315.2 million, a 34% increase <\/strong>\n <\/p>\n

\n Adjusted EBITDA of $35.5 million (1)<\/sup> and Free Cash Flow of $18 million (1)<\/sup> for the year<\/strong>\n <\/p>\n

\n 2025 Revenue guidance of $4<\/strong>
\n 10<\/strong>
\n million – $42<\/strong>
\n 5<\/strong>
\n million<\/strong>\n <\/p>\n

\n 2025 Adjusted EBITDA(1)(2)<\/sup> guidance of $65 million – $70 million <\/strong>\n <\/p>\n

HERZLIYA, Israel, March 04, 2025 (GLOBE NEWSWIRE) — Nayax Ltd. (Nasdaq: NYAX, TASE: NYAX),<\/strong> a global commerce payments and loyalty platform designed to help merchants scale their business, today announced its financial results for the fourth quarter and full year ended December 31, 2024.<\/p>\n

\u201cWe are pleased to report another year of strong growth and performance for Nayax as we achieved several key milestones including significant revenue growth and margin expansion, robust operating leverage, and cash flow generation. We are well-positioned for 2025, with revenue growth guidance of 30% to 35%, of which at least 25% is expected to be organic, as we continue to grow our installed base globally and capture market share. We\u2019ll also continue to focus on scaling our recurring revenue streams, in particular our payment processing capabilities, which benefit from the conversion trend of cash-to-cashless transactions,\u201d commented Yair Nechmad, Chief Executive Officer and Chairman of the Board.<\/p>\n

\n (1) Adjusted EBITDA and Free Cash Flow are non-IFRS financial measures. Please refer to the tables at the end of this press release for a reconciliation of adjusted EBITDA and Free cash flow to the most directly comparable IFRS measure.<\/sup>
\n
\n (2) The Company does not provide a reconciliation of forward-looking adjusted EBITDA to IFRS net income (loss) due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, in particular, because special items such as\u00a0finance expenses and Issuance and acquisition costs used to calculate projected net income (loss) vary dramatically based on actual events.\u00a0 Therefore, the Company is not able to forecast on an IFRS basis with reasonable certainty all deductions needed in order to provide an IFRS calculation of projected net income (loss) at this time. The amount of these deductions may be material and therefore could result in projected IFRS net income (loss) being materially less than projected adjusted EBITDA (non-IFRS).<\/sup>\n <\/p>\n

\n
\n Full Year 2024 Financial Highlights<\/u>
\n <\/strong>\n <\/p>\n

\n (All comparisons are relative to the full year period ended December 31, 2023, unless otherwise stated)<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Revenue <\/strong>\n <\/td>\n\n 2024 ($M)<\/strong>\n <\/td>\n\n 2023 ($M)<\/strong>\n <\/td>\n\n Growth (%)<\/strong>\n <\/td>\n<\/tr>\n
Payment processing fees<\/td>\n133.8<\/td>\n92.2<\/td>\n45.1%<\/td>\n<\/tr>\n
SaaS revenue<\/td>\n88.5<\/td>\n58.9<\/td>\n50.3%<\/td>\n<\/tr>\n
\n Total recurring revenue <\/strong>
\n
\n (1)<\/sup>
\n <\/strong>\n <\/td>\n		\n 222.3<\/strong>\n <\/td>\n\n 151.1<\/strong>\n <\/td>\n\n 47.1 <\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n POS devices revenue <\/strong>
\n
\n (2)<\/sup>
\n <\/strong>\n <\/td>\n		\n 91.7<\/strong>\n <\/td>\n\n 84.4<\/strong>\n <\/td>\n\n 8.6<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Total revenue <\/strong>
\n
\n (3)<\/sup>
\n <\/strong>\n <\/td>\n		\n 314.0<\/strong>\n <\/td>\n\n 235.5<\/strong>\n <\/td>\n\n 33.3<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n \u00a0<\/strong><\/p>\n

Margin <\/strong>\n <\/td>\n

\n \u00a0<\/strong><\/p>\n

2024<\/strong>\n <\/td>\n

\n \u00a0<\/strong><\/p>\n

2023<\/strong>\n <\/td>\n

\n \u00a0<\/strong><\/p>\n

Variance <\/strong>\n <\/td>\n<\/tr>\n

Payment processing margin<\/td>\n34.0%<\/td>\n29.1%<\/td>\n4.9%<\/td>\n<\/tr>\n
SaaS margin<\/td>\n77.3%<\/td>\n77.2%<\/td>\n0.1%<\/td>\n<\/tr>\n
\n Total recurring margin<\/strong>\n <\/td>\n\n 51.3<\/strong>
\n %<\/strong>\n <\/td>\n		\n 47.9<\/strong>
\n %<\/strong>\n <\/td>\n		\n 3.4<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n POS devices margin<\/strong>\n <\/td>\n\n 30.1<\/strong>
\n %<\/strong>\n <\/td>\n		\n 18.9<\/strong>
\n %<\/strong>\n <\/td>\n		\n 11.2<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Total margin<\/strong>\n <\/td>\n\n 45.1<\/strong>
\n %<\/strong>\n <\/td>\n		\n 37.5<\/strong>
\n %<\/strong>\n <\/td>\n		\n 7.6<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n<\/table>\n

\n
\n
(1) Recurring revenue comprised of SaaS subscription revenue and payment processing fees.<\/sup>
\n
\n (2) POS devices revenue includes revenues that are derived mainly from the sale of our hardware products.<\/sup>
\n
\n (3) Includes inorganic revenue, net of $25.3 million in 2024 from recent acquisitions of VMtecnologia, Roseman, and Retail Pro<\/sup>\n <\/p>\n