|
Wag Payment Solutions PLC said its financial results for 2025 will be in line with its prior guidance, with adjusted earnings above, as the company focuses on migrating customers onto its new ’Eurowag Office’ platform. The London-based firm known as Eurowag is a payments and mobility platform servicing the European commercial road transport industry. Eurowag Office is its new fleet management platform, which the company started to roll-out to customers in the fourth quarter of 2024. On Tuesday, Eurowag said it is progressing toward its goal of moving 30% of its customers onto the platform by the end of the first quarter of 2026 and the majority by the end of 2026. As a result, 2026 will be a ‘migration year’ for the company, it said, with low double-digit-percentage net revenue growth but steady adjusted earnings. Net revenue was about €330 million in 2025, up about 13% on an organic basis from €292.5 million in 2024, in line with prior guidance, Eurowag said. However, adjusted cash earnings before interest tax, depreciation and amortisation for 2025 is estimated to be above Eurowag’s guidance, given at the time of its interim results, of €95 million. This will be up 7.1% from €88.7 million in 2024. Adjusted Ebitda margin will be in line with guidance for 2025, which was for 40% margins when including non-cash adjustments. Eurowag will release its full 2025 results on March 25. Shares were up 0.4% to 124.46 pence early Tuesday in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
