23rd Apr 2025 10:21
(Alliance News) - PayPoint PLC on Wednesday said it expects to report financial results in line with expectations for its recently ended financial year, as it progresses with a multi-year share buyback programme.
The Hertfordshire, England-based payments and retail technology group said underlying earnings before interest, tax, depreciation and amortisation for the year ended March 31 will be around GBP90 million, up from GBP81.3 million the year prior.
Underlying pretax profit is anticipated to meet market expectations, having totalled GBP61.7 million in financial 2024.
PayPoint said net debt at year-end is expected to be below GBP100 million, compared to net corporate debt of GBP67.5 million at the end of financial 2024.
Turning to its capital return plans, PayPoint noted it has repurchased so far more than 2.2 million shares, worth GBP15.9 million, under the three-year buyback programme launched in July last year.
PayPoint said further details, including confirmation of the next stage of the buyback, will be provided in its full-year results on June 12, when it will provide an update on its medium-term strategy and new financial targets through to financial 2028.
Shares in PayPoint were up 0.9% at 654.82 pence in London on Wednesday morning.
By Eva Castanedo, Alliance News reporter
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