EML Payments has announced a statutory net loss of $4 million for the half-year ended December 31. This marks a downturn compared to the $9.5 million profit recorded in the first half of 2025. The company provides payment solutions, offering a range of services including prepaid cards, digital banking, and payment processing technology. EML facilitates secure and efficient transactions for businesses and consumers across various industries.
Revenue for the period decreased by 6 per cent to $108.4 million. Underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) also saw a decline, falling 16 per cent to $28.0 million. EML attributed this decrease to client run-offs, a moderation in interest yields, and timing delays related to new program revenue.
The company stated that its 2.0 restructuring program remains on track for completion by June 30 of this year. This program is aimed at streamlining operations and improving efficiency. Despite the challenges, EML is focused on executing its strategic initiatives and positioning itself for future growth.
Looking ahead, EML has narrowed its guidance for full-year underlying EBITDA to a range of $58 million to $60 million. This is a slight downward revision from the previous guidance of $58 million to $64 million. The company continues to navigate a dynamic market environment while implementing its restructuring efforts.
