Half Year 2026 EML Payments Ltd Earnings Call Transcript
Key Points
- EML Payments Ltd (EMCHF) is on track to complete its restructuring program by the end of FY26, laying the foundation for sustainable double-digit growth.
- The company has refreshed its management team, leading to increased output and efficiency.
- EML Payments Ltd (EMCHF) has a strong and growing sales pipeline, with a conversion rate of 51%, indicating effective business development efforts.
- The company is seeing significant cost savings from its global operations center, with a 35% reduction in costs compared to traditional market employment.
- Product development is now a structured, cross-functional activity, aligning with client needs and optimizing commercial outcomes.
- Revenue for the period was down 6% year-over-year, with customer revenue excluding float interest income down 4%.
- Interest income was lower in H1 due to lower central bank rates, impacting overall revenue.
- There has been a lag in new client onboarding over the last four months, leading to a tightening of the year's guidance range.
- The European segment experienced a 12% decline in total revenue, primarily due to terminated customers and lower interest revenue.
- The company's cash balance reduced by 11.5 million, reflecting various financial outflows, including a class action settlement payment.
Thank you for standing by and welcome to the EML payments first half FY26 results call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press, followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press the 1 again. For operator assistance throughout the call, please press 0, and finally, I would like to advise all participants that this call is being recorded.
I'd now like to welcome Anthony Hines, executive Chairman, to begin the conference. Anthony, over to you.
Thank you and good morning everyone. Welcome to the Em Payments Limited H1F26 results telecall.
Excuse me, I'm Anthony Hines, executive Chairman, and it's great to be here with our new CFO, Stuart Will, to report our interim results for FY26 and provide an update on our progress on AL 2.0.
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