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Highlights

  • Tyro's 1HFY25 net profit soared 99.6% YoY, with EBITDA up 20.6%.
  • The Tyro Pro Key terminal is set to enhance service delivery, particularly for health providers, in 2HFY25.
  • Management has reaffirmed FY25 gross profit guidance of AUD 218–226 million, with an EBITDA margin of ~28%.

Tyro Payments Limited (ASX:TYR) is an ASX-listed technology-driven company that provides payment solutions and business banking products.

In the half-year ended 31 December 2024 (1HFY25), Tyro’s normalised revenue rose by 4.7% YoY to AUD 248.3 million, driven by increased adoption of its integrated banking services. Meanwhile, normalised gross profit increased by 6.5% YoY to AUD 111.9 million, while net profit after tax (NPAT) surged by 99.6% YoY to AUD 10.3 million. The company’s EBITDA climbed 20.6% YoY to AUD 33 million, with EBITDA margins expanding to 29.5% from 26% in 1HFY24, driven by cost discipline and net margin growth.

This growth was fuelled by a 34% increase in banking users and a 9.1% rise in banking gross profit.

TYR’s MD & CEO, Jon Davey informed that in the second half,  the company is set to launch new Tyro Pro Key terminal. This terminal is anticipated to boost service delivery as it has been developed for the unique environments of multiple merchants, particularly the complex needs of health providers.

Outlook for FY25

Looking ahead, Tyro plans to leverage its scalable payments technology, targeted distribution channels, and integrated banking solutions to achieve profitable growth in FY25.

Management has reaffirmed its FY25 guidance, expecting gross profit to range between AUD 218–226 million, with an anticipated EBITDA margin of ~28%.

Top 10 shareholders of TYR

The top 10 shareholders of TYR hold approximately 31.01% of the company’s total shareholding. Regal Partners Limited holds the largest stake at around 6.14%, followed by Yerra Funds Management Limited with approximately 5.62%.

Share performance of TYR

TYR shares closed 1.97% lower at AUD 0.745 per share on 11 March 2025. Over the past year, TYR’s share price has declined by nearly 33.48% and in the last three months, it has dropped by approximately 12.35%.

52-week high of TYR is AUD 1.148, recorded on 13 March 2024 and the 52-week low is AUD 0.725, recorded on 11 March 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 11 March 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.