Payments, parcels and banking provider, Paypoint, has today (20 November) released its results for the six months covering up to 30 September, with its Earnings Before Interest, Taxes, Depreciation (EBITDA) standing at £37.3m, representing a slight decrease of £0.2 million (or 0.5%).
Its underlying profit before tax was also revealed to be £25.7m, a decrease of £1.2m.
In addition, its net corporate debt of £84m decreased by £13.4m from £97.4 million, and it highlighted an interim dividend of 19.8p per share - an increase of 2.1% vs the prior half year of 19.4p per share.
Speaking on the results, Nick Wiles (left), chief executive, said: “We’ve continued to build on an encouraging start to the year and in the first half have reached important milestones in the delivery of major projects key to our long-term growth plans.
“Against the background of a generally weak economy and some specific business challenges, we remain confident in delivering further progress in the current year.
“We expect underlying EBITDA for FY26 to be ahead of last year and broadly in line with current market expectations. While we continue to make progress towards delivering underlying EBITDA of £100m in the current financial year – which remains a key financial objective the business is confident of reaching – it is likely we will take longer to do so.
“As 2025 has progressed, we’ve faced challenges like the impact from the disruption to our parcels network from the harmonisation of InPost and Yodel services combined with the commercial terms of our new three-year contract has been greater than we had anticipated.
“We’ve continued to broaden the adoption of our enhanced capabilities into our existing client base, develop and execute on strong new business pipelines and accelerate the execution of our key strategic projects.
“In parcels, we announced the strategic investment by Royal Mail into the Collect+ business in September 2025, with over 3,000 sites now branded as Royal Mail Shop enabling customers to buy postage in store as well as collect, send and return parcels.
In both these projects the key to the ramp up of significant transaction volumes is a strong follow-on communications and marketing campaign to support consumer awareness and adoption of these services through our network.”
“Consumer uncertainty and tightening household budgets are not new factors as we enter the peak trading period for several of our businesses.”
Wiles added that Paypoint are no more immune to the financial pressures on economies and communities as anyone else. “Consumer uncertainty and tightening household budgets are not new factors as we enter the peak trading period for several of our businesses. For the second half of the year, our focus remains on tight cost discipline and driving efficiencies as we continue to work with Nile Partners to establish the right organisational framework for the future.
“Also, [we will focus on] strong execution of the projects supporting our long-term growth plans and good operating disciplines across the business as a whole and agility to respond to the two specific business challenges and the broader changing market conditions.”
Further highlights from the report
- Shopping divisional net revenue increased by 0.6% to £33.1m (H1 FY25: £32.9m)
- New Store Growth Specialist team increasing activities and engagement with retailer partners to deliver further revenue growth through store visits driven by targeted data and support. Learnings from this team are increasingly being adopted more widely across the field team.
- UK retail network increased to 30,962 sites (31 March 2025: 30,712), with 70.0% in independent retailer partners and 30.0% in multiple retail groups.
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