Westpay Interim Financial Report Apr Jun 2026
Westpay AB publishes Interim Report for Q2 2026: Strengthened Payment Resilience and Profitable SaaS Growth
2026-08-21 07:00:00
Westpay’s second quarter of 2026 confirms the direction the company has communicated over several quarters: a more recurring, more profitable and more resilient payments company — characterized by continued ARR growth, stronger earnings, disciplined cost control and improved operating leverage. The direction forward is clear. Westpay’s story is about scaling a predictable business model on top of a resilient payments platform in a vast addressable market.
Significant achievements
- Profitable SaaS growth and stronger profitability – Net sales +11%, EBITDA +47%, EBIT +699%, and net earnings of MSEK 0.8 (0.0)
- Improvement of ARR and recurring revenues, now 69% of net sales – ARR +10% and recurring revenues +10%
- Solid first-half cash generation – Cash flow from operating activities before working capital changes amounted to MSEK 2.9 for the quarter, up from MSEK 2.4 a year earlier. For the first half of 2026, cash flow from operating activities amounted to MSEK 6.7, underpinned by stronger operating profit.
- Strategic partnership with Worldline – Enabling Westpay to route payment transactions to Worldline, offer Dynamic Currency Conversion, and jointly pursue larger merchant opportunities across the Nordics — with the direct technical connection targeted to be in production during the third quarter
- New partnership with Sveriges bagare & konditorer (SBK) – Westpay becomes a recommended payment solutions partner to SBK’s network of around 500 member companies
- Resilience as a critical buying criterion – Continued execution on offline capability, Swedish redundancy and acquirer independence
Financial Summary
The second quarter 2026 (the second quarter 2025)
- Net sales totalled MSEK 19.8 (17.8), a change of MSEK +2.0 / +11%
- EBITDA was MSEK 3.8 (2.6), a change of MSEK +1.2 / +47%
- EBIT was MSEK 1.5 (0.2), a change of MSEK +1.3 / +699%
- Net earnings were MSEK 0.8 (0.0), a change of MSEK +0.8
- Net earnings per share amounted to SEK 0.01 (0.00), a change of SEK +0.01
- ARR amounted to MSEK 54.6 (49.7), a change of MSEK +4.9 / +10%
- Recurring revenues made up 69% (70) of net sales
January–June 2026 (January–June 2025)
- Net sales totalled MSEK 38.6 (35.6), a change of MSEK +3.0 / +8%
- EBITDA was MSEK 7.4 (5.4), a change of MSEK +2.0 / +38%
- EBIT was MSEK 2.6 (0.5), a change of MSEK +2.1 / +454%
- Net earnings were MSEK 0.9 (0.8), a change of MSEK +0.1 / +16%
- Net earnings per share amounted to SEK 0.01 (0.01), a change of SEK +0.0
- Recurring revenues made up 69% (68) of net sales
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