PayPoint plc
LSE:PAY
PayPoint plc
PayPoint Plc engages in the provision of electronic payment collection solutions. The company is headquartered in Welwyn Garden City, Hertfordshire and currently employs 709 full-time employees. The company went IPO on 2004-09-21. The Company’s retail services platform, PayPoint One, offers services related to the convenience store needs. The company also provides card payments services to businesses across the food services, garage, and hospitality sectors. Its technology helps companies to serve customers, improve business and their operations. The firm provides payments technologies without the need for capital investment. Its omnichannel solution, MultiPay, is a one-stop shop for digital and other customer payments, via any channel and on any device. Its solutions help consumers to control their household finances, make payments and access services like cash withdrawals, eMoney and parcel collections and drop-offs.
PayPoint Plc engages in the provision of electronic payment collection solutions. The company is headquartered in Welwyn Garden City, Hertfordshire and currently employs 709 full-time employees. The company went IPO on 2004-09-21. The Company’s retail services platform, PayPoint One, offers services related to the convenience store needs. The company also provides card payments services to businesses across the food services, garage, and hospitality sectors. Its technology helps companies to serve customers, improve business and their operations. The firm provides payments technologies without the need for capital investment. Its omnichannel solution, MultiPay, is a one-stop shop for digital and other customer payments, via any channel and on any device. Its solutions help consumers to control their household finances, make payments and access services like cash withdrawals, eMoney and parcel collections and drop-offs.
Resilient Performance: PayPoint delivered underlying results in line with expectations despite market uncertainty, with growth in key areas like digital payments, housing, and government services.
Revenue: Net revenue was GBP 84.7 million, marginally up on the prior half, with PayPoint segment revenue up 2.9% and e-commerce revenue growth of 7.5%.
Earnings: Underlying profit before tax fell 4.5% to GBP 25.7 million due to flat revenue and a 2.3% rise in costs.
Dividend & Buyback: Interim dividend increased 2.1% to 19.8p. Over GBP 90 million in shareholder returns on track via dividends and GBP 30 million buyback.
Operational Disruptions: New contract terms with InPost Yodel and internal harmonization disrupted parcel volumes, but management expects recovery in the key trading period.
Love2shop Timing: Love2shop revenues were down 9.6% due to accounting timing, expected to rebound in the second half.
Growth Projects: Major projects launched with Lloyds Bank and Royal Mail; focus shifting to driving consumer adoption.
Automation Savings: At least GBP 2 million of operational profit upside identified from automation, with benefits expected from FY '27 onwards.
