25th Mar 2026 10:07
(Alliance News) - Wag Payment Solutions PLC on Wednesday said that 2026 "will be a pivotal migration year" as it reported annual profit and revenue growth.
Also known as Eurowag, the London-based company provides payment and data services to trucking companies in Europe.
The firm said pretax profit rose 62% to EUR19.0 million from EUR11.7 million, as total revenue increased 3.2% to EUR2.31 billion from EUR2.24 billion.
Net revenue climbed 13% to EUR330.1 million from EUR292.5 million, driven by "strong" growth in payment solutions.
Adjusted earnings before interest, tax, depreciation and amortisation rose 8.5% to EUR132.1 million from EUR121.7 million, though the adjusted Ebitda margin eased to 40.0% from 41.6% due to higher operating costs linked to investment and scaling the business.
Cash generated from operations was EUR173.7 million in 2025, up 5.8% from EUR164.2 million in 2024.
Eurowag declared a second special dividend for 2025 of 1.5 pence per share, worth around EUR12 million. This was however a sharp cut from 3.0p a year ago which was worth EUR25.0 million.
The firm noted a "challenging macroeconomic and geopolitical environment."
Looking ahead, the group guides for low double-digit net revenue growth in 2026 and an adjusted Ebitda margin of around 40%.
Adjusted cash Ebitda in 2026 is expected in the range of EUR105 million to EUR115 million, up from EUR98.0 million in 2025, as the company focuses on scaling its digital platform and migrating customers.
Eurowag said: "As we enter 2026, this will be a pivotal migration year for Eurowag. The successful transition of customers to Eurowag office is our primary strategic priority, as we focus on ensuring a smooth, high-quality migration experience while further strengthening the foundations of our integrated digital ecosystem."
Founder & CEO Martin Vohanka said: "After years of disciplined investment and execution, we brought to life our most ambitious project yet: Eurowag Office, our end-to-end digital platform is now live. This is a major strategic milestone for the group that strengthens our position as the commercial road transport industry's digital operational partner. We have already 35% of our customers actively using the platform and plan to migrate the majority of our customers by year-end 2026."
Eurowag shares rose 5.8% to 104.50 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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