Significant achievements include:

• Record profitability and sustained growth – Net sales +9%, EBITDA +145%, and EBIT turning positive at MSEK 4.8 for the full year, driven by recurring revenue scalability and disciplined cost control.
• Recurring revenues reaching 67% of total sales – Full-year recurring revenues grew +15% to MSEK 49.3, and ARR reached MSEK 51 (+12%), confirming the strength and predictability of Westpay’s SaaS-based business model.
• Renewed long-term financial targets – The Board of Directors has resolved to update Westpay’s long-term financial targets: average annual ARR growth of 15% and an overall EBIT margin of at least 10% over a 3–5 year horizon, reflecting the company’s strengthened recurring revenue base.
• Phoenix platform launched – Westpay launched Phoenix, a cloud-based platform enabling centralised management of deployed payment terminals, reducing merchants’ operational overhead by up to 80% while improving reliability, compliance, and uptime.
• Resilient payment infrastructure accelerated – Westpay outlined and advanced a comprehensive set of resilience measures including Swedish dual data centres, offline “degraded mode”, PCI DSS v4.0.1 certification, and expanded acquiring connectivity.
• Partner network exceeds 70 partners – The POS Partner network now includes more than 70 partners across the Nordics, with three new partners onboarded in Q4 across grocery retail, convenience, self-service, and hospitality.
• Strengthened financial position – Westpay entered into a new MSEK 12 financing agreement with DBT Capital AB, increasing financial flexibility and supporting continued execution of the company’s long-term growth strategy.

FINANCIAL SUMMARY

The fourth quarter 2025 (the fourth quarter 2024)

• Net sales totalled MSEK 20.8 (20.1), a change of MSEK +0.8 / +4%
• EBITDA was MSEK 4.9 (3.2), a change of MSEK +1.7 / +53%
• EBIT was MSEK 2.5 (0.7), a change of MSEK +1.8 / +270%
• Net earnings were MSEK 1.8 (0.2), a change of MSEK +1.5 / +635%
• Net earnings per share amounted to SEK 0.02 (0.00), a change of SEK +0.02
• ARR amounted to MSEK 50.5 (45.3), a change of MSEK +5.3 / +12%
• Recurring revenues made up 61% (58) of net sales

January–December 2025 (January–December 2024)

• Net sales totalled MSEK 74.0 (67.6), a change of MSEK +6.3 / +9%
• EBITDA was MSEK 14.4 (5.9), a change of MSEK +8.5 / +145%
• EBIT was MSEK 4.8 (-3.6), a change of MSEK +8.3
• Net earnings were MSEK 4.2 (-6.2), a change of MSEK +10.4
• Net earnings per share amounted to SEK 0.04 (-0.08), a change of SEK +0.12
• Recurring revenues made up 67% (63) of net sales

For all reports, please follow the link: https://investor.westpay.se/financial-reports/