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PayPoint PLC on Wednesday said it expects to report ‘record profits’ for its full year, although net revenue slightly decreased in the third quarter. In response, PayPoint shares jumped 15% to 574.00 pence on Wednesday afternoon in London. The Hertfordshire, England-based payments processor and retailing technology provider reported net revenue of £52.7 million for the three months ended December 31, down 0.5% from £53.0 million. Shopping division revenue was flat at £16.1 million, while Love2shop revenue declined 3.2% to £18.1 million from £18.8 million. E-commerce revenue increased 2.4% to £4.2 million from £4.1 million. Payments & Banking revenue rose 2.1% to £14.3 million from £14.0 million. PayPoint continues to be an entrepreneurial, agile business and the progress delivered in our Q3 FY26 results further demonstrates these attributes alongside the resilience of our core businesses, with a strong performance from our peak seasonal trading businesses,‘ commented Chief Executive Nick Wiles. ’These results reflect our focus on operational delivery in the business, achieved against a continued background of subdued consumer spending and a challenging market environment. ‘We remain on track to meet FY26 expectations and deliver progress in the current year.’ Wiles continued: ‘In the closing quarter, we are focused on finishing strongly and delivering record profits for the year, ensuring the foundations and plans are in place to build on this performance in FY27.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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