PaySauce (PYS) H1 2026 earnings summary

Executive summary

• Achieved strong and consistent revenue growth, solid earnings, and maintained profitability, supporting reinvestment and international expansion, including the launch of the Global Payroll Platform and a successful pilot in Australia targeting over 700,000 underserved micro-businesses.

• New Zealand operations provided the foundation for global expansion, funding platform development and Australian product launch from positive free cash flow.

• Focused on delivering a simple, integrated payroll solution addressing compliance and workflow challenges, initially targeting the Australian dairy sector.

Financial highlights

• Annualised recurring revenue (ARR) reached $9.2 million, up 6% year-over-year.

• Processing fee income grew 15% year-over-year to $7.3 million (NZ) and $3.5 million (Australia pilot), offsetting a 20-21% decline in interest income to $1.9 million (NZ) and $967k (Australia pilot).

• EBTDA rose 42% to $779k, with net profit before tax more than doubling to $302k year-over-year.

• Gross margin remained stable at 77.7-78%.

• Ended the period with $272k in cash and a $350k undrawn facility.

Outlook and guidance

• Targeting $10 million ARR in Q1 FY27, with processing fee revenue as the main value driver.

• Expects further growth in New Zealand and momentum in Australia, with commercial launch planned at the Australian Dairy Conference in February.

• Interest income expected to stabilize and grow as monetary easing cycle bottoms out, though further OCR cuts could delay ARR targets.