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Wag Payment Solutions PLC on Thursday said performance improved in the first half of 2025 and backed its full-year growth target. The London-based firm known as Eurowag operates a toll payment platform for roads across Europe. Eurowag posted revenue of €1.16 billion in the six months that ended June 30, up 1.1% from €1.15 billion a year prior. Net revenue rose 15% to €162.2 million from €141.0 million. Pretax profit more than tripled to €15.7 million from €4.2 million on-year. Adjusted earnings before interest, tax, depreciation and amortisation came in 7.7% ahead of the previous year at €63.9 million, compared to €59.4 million. The firm reiterated full-year guidance, before any adjustments that could be made in relation to a new long-term incentives plan, which will reinforce adjusted Ebitda as the main performance measure, Eurowag said. Full-year adjusted Ebitda is expected in the middle of the guide range, which is between €90 million and €100 million. In the medium term, Eurowag is aiming for a low-teen compound annual growth rate. The 2025 forecast for net revenue growth is in the low teens. ‘Whilst the industry outlook remains flat with limited GDP growth in Europe, Eurowag’s robust business model and momentum in the first half of the year, underpins the group’s confidence,’ Eurowag noted. The toll operator’s shares were up 2.5% at 97.00 pence on Thursday morning in London, having gained 33% in the last 12 months. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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