Key Highlights

  • Cuscal Limited (ASX:CCL) reported FY26 statutory NPAT of $42.7 million, up 49% from $28.7 million in FY25.
  • Underlying net Operating Income increased 20% to $347.7 million, while underlying NPAT also rose 20% to $46.2 million.
  • The company completed its acquisitions of Indue and Paymark during FY26, contributing $34.8 million and $5.2 million respectively to net operating income.
  • Cuscal shares were trading at $5.64 on 20 August 2026, up 42 cents, or 8.05%, during the session.

Cuscal Limited (ASX:CCL) reported a substantial increase in statutory profit for FY26, with net profit after tax rising 49% to $42.7 million from $28.7 million in FY25. Its shares were trading at $5.64 on 20 August 2026, up 42 cents, or 8.05%, at 11:28 am.

The Australian B2B payments provider's underlying results also recorded growth. Underlying net operating income increased 20% to $347.7 million, while underlying NPAT rose 20% to $46.2 million. The underlying figures exclude significant non-recurring and non-operational items and their associated tax effects.

Cuscal said these adjustments resulted in a $3.5 million increase to profit after tax. The adjustments included Fair Value movements on Equity investments, Acquisition and integration costs associated with Indue and Paymark, and the recognition of tax losses related to its 2023 acquisition of the Braavos Group.

Acquisitions Expand Operating Scale

FY26 marked a significant expansion of Cuscal's operations through two acquisitions. The company completed the purchase of Indue on 1 December 2025, with the Business contributing $34.8 million to net operating income during the financial year.

Cuscal subsequently completed its acquisition of Paymark on 29 May 2026. Paymark contributed $5.2 million to net operating income during the period.

The acquisitions contributed to aggregate transaction Volume growth of 12%, alongside continued expansion across Cuscal's existing capabilities. The company said the transactions increased its scale and broadened the payments capabilities it provides to clients across Australia and New Zealand.

The financial contribution from the acquisitions also forms part of the company's expected growth trajectory for FY27, when integration and associated synergies are expected to contribute to earnings.

FY27 Outlook Points to Further Profit Growth

Cuscal expects underlying net profit after tax growth to be in the mid-twenties percentage range in FY27. Transaction volume growth is also expected to be in the mid-twenties percentage range.

The outlook is based on continued transaction activity, contributions from the recently acquired businesses, disciplined cost management and anticipated synergies from the integration of Indue. The forecast is provided on an underlying basis and therefore excludes significant non-recurring items such as acquisition and integration costs.

The company has identified client growth, integration of the acquired businesses and expansion of its product offering as areas of focus entering the new financial year.

Dividend Increases to 11.5 Cents for FY26

Cuscal declared a final Dividend of 7.0 cents per share, taking the full-year dividend to 11.5 cents per share. The company said its Capital adequacy position supports the final distribution.

The FY26 result therefore combines higher statutory and underlying Earnings with a larger full-year dividend, while the company's recently expanded operating base introduces additional integration requirements during FY27.

Conclusion

Cuscal's FY26 results show significant year-on-year profit growth, with statutory NPAT increasing 49% and underlying NPAT rising 20%. The acquisitions of Indue and Paymark added to FY26 operating income and increased transaction volumes, while the company expects both transaction volumes and underlying NPAT to grow at a mid-twenties percentage rate in FY27. The outlook remains dependent on successful integration, delivery of expected synergies and continued transaction growth, while the 11.5-cent full-year dividend reflects the company's reported capital position and earnings performance.