Westpay AB publishes Interim Report for Q2 2025: Accelerating growth and profitability through the SaaS transformation
Westpay’s second quarter of 2025 marks another period of strong progress — both financially and strategically. We continue to benefit from a growing base of recurring revenues, new customer wins, and an expanded partner network, while delivering innovative products that keep us at the forefront of the payments industry.
Significant achievements include:
• Strong growth & improved profitability – Net sales +20%, EBITDA +475 %, and positive net earnings
• Recurring revenue strengthening visibility and predictability – ARR +20%, recurring revenues 70% of sales:
• Innovation leadership – Launch of SoftPOS (Android-based payments), C20 terminal (first fully EU Accessibility Act compliant), and a new next-gen transaction infrastructure delivering 300% faster processing
• Financial resilience strengthened – Successful directed share issue with participation from management, BoD and major shareholders
• Strategic momentum underpin future scalability – Appointment of new Chief Product Officer, expanded partner network, and strong demand for Westpay’s acquirer-independent model
FINANCIAL SUMMARY
The second quarter 2025 (the second quarter 2024)
· Net sales totalled MSEK 17,8 (14,8), a change of MSEK +3,0 / +20 %
· EBITDA was MSEK 2,6 (-0,7), a change of MSEK +3,3
· EBIT was MSEK 0,2 (-2,1), a change of MSEK +2,3
· Net earnings were MSEK 0,0 (-2,9), a change of MSEK +2,9
· Net earnings per share amounted to SEK 0,00 (-0,04), a change of SEK +0,04
· ARR amounted to MSEK 49,7 (41,3), a change of MSEK +8,4 / + 20 %
· Recurring revenues made up 70% (70) of net sales
January-June 2025 (January-June 2024)
· Net sales totalled MSEK 35,6 (30,9), a change of MSEK +4,7 / +15 %
· EBITDA was MSEK 5,4 (1,1), a change of MSEK +4,3 / 391 %
· EBIT was MSEK 0,5 (-3,4), a change of MSEK +3,9
· Net earnings were MSEK 0,8 (-5,0), a change of MSEK +5,8
· Net earnings per share amounted to SEK 0,01 (-0,07), a change of SEK +0,08
· ARR amounted to MSEK 49,7 (41,3), a change of MSEK +8,4 / + 20 %
· Recurring revenues made up 68% (65) of net sales