Overview

• Nayax Q3 revenue rises 26% yr/yr to $104.3 mln, driven by customer expansion

• Net income for Q3 rises to $3.5 mln, up from $0.7 mln last year

• Adjusted EBITDA for Q3 grows to $18.2 mln, reflecting improved operational efficiency

Outlook

• Nayax updates 2025 revenue guidance to $400 mln-$405 mln due to M&A delays

• Nayax reaffirms 2025 organic revenue growth guidance of at least 25%

• Nayax adjusts 2025 Adjusted EBITDA guidance to $60 mln-$65 mln

Result Drivers

• PROCESSING REVENUE - Growth attributed to scalable payment solutions and cash-to-cashless market conversion

• MARGIN EXPANSION - Improved processing margins due to renegotiated contracts and smart-routing capabilities

• HARDWARE REVENUE - Increase driven by strong demand and optimized supply chain infrastructure

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Nayax Ltd is $51.50, about 22.7% above its November 18 closing price of $39.83

• The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 50 three months ago

Press Release: ID:nGNXbKL04w

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(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.)