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Wag Payment Solutions PLC on Wednesday said that 2026 ‘will be a pivotal migration year’ as it reported annual profit and revenue growth. Also known as Eurowag, the London-based company provides payment and data services to trucking companies in Europe. The firm said pretax profit rose 62% to €19.0 million from €11.7 million, as total revenue increased 3.2% to €2.31 billion from €2.24 billion. Net revenue climbed 13% to €330.1 million from €292.5 million, driven by ‘strong’ growth in payment solutions. Adjusted earnings before interest, tax, depreciation and amortisation rose 8.5% to €132.1 million from €121.7 million, though the adjusted Ebitda margin eased to 40.0% from 41.6% due to higher operating costs linked to investment and scaling the business. Cash generated from operations was €173.7 million in 2025, up 5.8% from €164.2 million in 2024. Eurowag declared a second special dividend for 2025 of 1.5 pence per share, worth around €12 million. This was however a sharp cut from 3.0p a year ago which was worth €25.0 million. The firm noted a ‘challenging macroeconomic and geopolitical environment.’ Looking ahead, the group guides for low double-digit net revenue growth in 2026 and an adjusted Ebitda margin of around 40%. Adjusted cash Ebitda in 2026 is expected in the range of €105 million to €115 million, up from €98.0 million in 2025, as the company focuses on scaling its digital platform and migrating customers. Eurowag said: ‘As we enter 2026, this will be a pivotal migration year for Eurowag. The successful transition of customers to Eurowag office is our primary strategic priority, as we focus on ensuring a smooth, high-quality migration experience while further strengthening the foundations of our integrated digital ecosystem.’ Founder & CEO Martin Vohanka said: ‘After years of disciplined investment and execution, we brought to life our most ambitious project yet: Eurowag Office, our end-to-end digital platform is now live. This is a major strategic milestone for the group that strengthens our position as the commercial road transport industry’s digital operational partner. We have already 35% of our customers actively using the platform and plan to migrate the majority of our customers by year-end 2026.’ Eurowag shares rose 5.8% to 104.50 pence each on Wednesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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