PayPoint (PAY) Q3 2026 TU earnings summary

Executive summary

• Achieved significant progress in Q3 FY26, remaining on track to deliver record profits for the year despite subdued consumer spending and a challenging market environment.

• Operational disruptions earlier in the year were overcome, with record peak performance in the parcels business and strong seasonal trading in Love2shop.

• Continued high activity levels in new business wins, product launches, and retailer network expansion.

Financial highlights

• Group net revenue for Q3 FY26 was £52.7m, down 0.5% year-over-year.

• Shopping division net revenue flat at £16.1m; E-commerce up 2.4% to £4.2m; Payments & Banking up 2.1% to £14.3m; Love2shop down 3.2% to £18.1m.

• Net corporate debt increased to £131.3m as of 31 December 2025, from £97.4m at 31 March 2025.

Outlook and guidance

• On track to meet FY26 expectations and deliver record profits.

• Confident in a strong finish for Love2shop, with billings growth and revenue recognition expected in Q4.

• Plans to hold a Capital Markets Day later in the year to update on strategy and investment case.