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Westpay AB publishes Year-End Report 2025: Profitable Growth with a Stronger Recurring Revenue Base

Westpay
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Westpay’s full year 2025 marks a decisive turning point — characterized by profitable growth, a significantly stronger recurring revenue base, and accelerating execution of the company’s SaaS transformation. Strong financial results across all key metrics, continued platform innovation, and an expanding partner ecosystem further strengthen Westpay’s position as a leading Nordic provider of acquirer-independent payment solutions.

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/

For additional information, please contact:
Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se

Redeye Sweden AB is the company’s Certified Adviser.

This information is information that Westpay AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-20 07:00 CET.

About Westpay
Westpay is a full-service Fintech- and Payment Solution Provider that offers solutions that simplify payments and amplifies the overall customer experience. If you represent a restaurant, hotel, store, in-store, or e-commerce, and looking for a payment solution that adds value, we can help you all the way. The company is represented globally, headquartered in Stockholm, Sweden and is listed on Nasdaq First North Growth Market.

Learn more at: westpay.se

Attachments

Year End Report 2025

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