HiPay Group (ALHYP) H1 2025 earnings summary

Executive summary

• Payment volume reached €4.6 billion, up 5.7% year-over-year; revenue grew 3.7% to €37.4 million, or 7% adjusted for one-time items in 2024.

• All business units contributed to growth, with strong performance in Retail France and iGaming/Digital; POS transaction revenue up 72.3% year-over-year.

• Net income was €0.4 million, down from €5 million in H1 2024 due to significant one-off gains.

• Operating income was €1.7 million, compared to €3 million in the prior year period.

• Launched an improved Sentinel® anti-fraud module, tripling rules processing speed and enhancing transaction security.

Financial highlights

• EBITDA was €3.5 million (9.4% of revenue), down from €5.5 million year-over-year.

• Direct transaction costs rose 13% to €18.3 million; personnel expenses increased 2% to €9.4 million.

• General expenses increased 6% to €6.8 million; wage bill and overheads up 3.5%.

• Weighted average shares outstanding increased to 6.3 million from 5 million.

• Basic and diluted EPS for H1 2025 was €0.06, compared to €1.01 in H1 2024.

Outlook and guidance

• Expects significant acceleration in H2 2025, driven by new customers, product launches, and higher year-end volumes.

• Sales growth for fiscal 2025 projected between 6% and 9%, with profitability maintained.

• Focus on revenue growth, client satisfaction, risk management, and operational efficiency.

• Plans to control marketing and operational expenses, drive innovation, and maintain compliance.

• Supported by main shareholder BJ Invest for strategic execution.