Q3 2025 Nayax Ltd Earnings Call Transcript

Nov 19, 2025 / 01:30 PM GMT

Release Date Price: $43.56 (+9.36%)

Transcript

Key Points

Positve

Nayax Ltd (NYAX) reported a strong quarter with a 26% increase in revenue compared to Q3 2024, reaching $104.3 million.
The company achieved a 35% increase in total transaction value, reaching $1.8 billion, and a 33% growth in processing revenue.
Recurring revenue, including payment processing fees and subscription revenues, increased by 29% and represented 74% of total revenue.
Gross margin improved significantly to 49.3% from 45.7% in the previous year, driven by higher recurring and hardware margins.
Nayax Ltd (NYAX) continues to expand its customer base, adding nearly 5,000 new customers and more than 56,000 managed and connected devices this quarter.

Negative

The company experienced delays in strategic M&A transactions, impacting expected inorganic growth and leading to a guidance update.
Despite strong growth, Nayax Ltd (NYAX) faces challenges in maintaining the timing of M&A activities, which are crucial for achieving long-term targets.
The competitive landscape in the US market remains challenging, with ongoing consolidation among competitors potentially impacting market dynamics.
The company acknowledges the difficulty in predicting the exact timing of M&A contributions, which adds uncertainty to future growth projections.
Nayax Ltd (NYAX) is not the cheapest option in the market, which could be a disadvantage in price-sensitive segments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NYAX.TA - Nayax Ltd
Q3 2025 Nayax Ltd Earnings Call
Nov 19, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everybody and welcome to NAA's 3rd quarter 2025 earnings conference call. All participants are in a list only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded. I would now like to turn the call over to Mr. Aaron Greenberg. Please go ahead, Aaron.

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Unidentified_2 [2]
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Thank you, operator, and everyone for joining us today on this conference call. With me on the call today are Yair Nahmad, NAA's co-founder and Chief Executive Officer, and Sait Manor, Chief

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