PayPoint, the payments and retail services group, expects to exceed the underlying profits achieved in the year just ended as it restructures into four focused business units and tilts investment toward growth areas.
Underlying profit before tax for the year to 31 March came in at £69.0 million, with underlying EBITDA of £92.0 million, up £2.0 million year-on-year.
The group is reorganising into Network Services, Digital Payments and Open Banking, Love2shop and Merchant Services, with management saying the new structure will drive performance ownership, deliver cost savings and enable a more accountable operating culture.
Profit in the current year is expected to be more heavily weighted to the second half.
Divisionally, total digital net revenue rose 25.8% to £19.5 million, Love2shop billings increased 5.0% to £385.8 million, and Collect+ parcel transactions grew to 135.4 million.
YouLend, the embedded lending product, provided over £33 million of funding during the period, up 39%.
BankLocal, which allows customers to deposit cash at PayPoint terminals, processed over £47 million of deposits since launch and is running at a weekly rate of approximately £3 million, with card deposit sites targeted to expand to 10,000 in the coming financial year.
A full strategy update will be presented at a Capital Markets Day in the fourth quarter of 2026.
