Ease2pay (EAS2P) H1 2024 earnings summary

Executive summary

• Platform fee income grew 31% to EUR 1.3 million, reflecting a strategic focus on payment processing activities.

• Other revenues, mainly from equipment sales, dropped 84% as planned, leading to a 7% decrease in total revenue to EUR 1.3 million.

• Net revenue (revenue less cost of revenue) increased 33% to EUR 677 thousand.

• Net loss improved by 42% to EUR 514 thousand negative, driven by higher platform income and lower employee benefits.

• Operational cash outflow improved by EUR 0.3 million year-over-year, with cash and cash equivalents at EUR 2.4 million as of 30 June 2024.

Financial highlights

• Platform fee revenue rose 31% year-over-year to EUR 1,269 thousand.

• Other revenue fell 84% to EUR 76 thousand, reflecting reduced equipment sales.

• EBITDA improved 59% to EUR 193 thousand negative, compared to EUR 472 thousand negative in H1 2023.

• Employee benefits decreased 18% to EUR 504 thousand.

• Net loss for the period was EUR 514 thousand, including EUR 426 thousand in amortisations and depreciations.

Outlook and guidance

• Expects to achieve positive EBITDA through autonomous growth in 2024.