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Highlights

  • Tyro shares jump 6.4% to AUD 0.87 following CEO resignation announcement.

  • Brokers maintain positive ratings with price targets implying up to 101% upside.

  • FY25 guidance reaffirms positive growth trajectory across payments and banking.

Tyro Payments Limited (ASX:TYR) continues to earn positive sentiment from brokers and investors alike, despite the company confirming on 5 June that CEO and Managing Director Jon Davey will step down. 

Mr. Davey will remain in his role for up to six months to ensure a smooth leadership transition, after accepting a new CEO role in Melbourne at a private equity-backed business outside the financial services sector. Despite the leadership change, brokers remain upbeat about Tyro’s operational outlook and strategic continuity.

Broker Ratings Reflect Confidence

Analyst sentiment has remained firmly in bullish territory. As per the latest data:

  • Shaw and Partners rated TYR as a Buy, with a price target of AUD 1.60, representing a 95.12% upside.

  • Wilsons issued an Overweight rating, assigning a price target of AUD 1.15, implying a 40.24% gain from current levels.

  • Canaccord Genuity also maintained a Buy recommendation, setting the highest price target of AUD 1.65, reflecting potential upside of over 100%.

The average target price across the three firms sits at AUD 1.37, reflecting a potential gain of 62.61% from current levels, signalling broad-based broker confidence in Tyro’s medium-term value.

Financial Position and Guidance

Tyro's FY25 outlook underscores the company's resilience and growth ambitions. The company is on track to achieve:

  • Gross profit of AUD 218–226 million, reflecting 3–7% growth.

  • EBITDA margin guidance of approximately 28%, with H1 FY25 already delivering 29.5%, showing disciplined cost control and profitability.

In H1 FY25, Tyro posted AUD 112 million in gross profit, up 6.5% year-over-year, supported by a 6% growth in payments and a 9.1% rise in banking revenue, driven by lending growth and lower deposit costs.

TYR shares were trading 6.4% higher at AUD 0.87 on 6 June 2025.