HiPay Group (ALHYP) Q1 2025 TU earnings summary

Executive summary

• Revenue increased by 10.4% year-over-year to €19.1 million in Q1 2025, with total payment volume up 5.7% to €2.3 billion.

• 45 new clients were onboarded, with strong momentum in the French retail sector and omnichannel payments.

• All business units posted growth, with international flows representing 44.1% of total volume.

Financial highlights

• Revenue-to-flows ratio improved to 0.83%, up 0.03 points from Q1 2024, reflecting favorable client and product mix.

• POS transaction revenue surged 80.1% year-over-year, driven by omnichannel expansion.

• iGaming and Digital sectors grew 11.4% compared to Q1 2024.

Outlook and guidance

• Annual revenue growth forecast between 7% and 10%, targeting nearly €80 million in revenue for 2025.

• Growth supported by new client onboarding and sustained sector trends, with a continued focus on profitability.