Tyro Payments (ASX:TYR) released its financial results for the first half of the 2026 financial year, reporting a period of top-line growth and increased profitability.
For the six months ended Dec. 31, 2025, the Australian fintech company saw its statutory net profit before tax rise by 72.3% to $17.7 million, up from $10.3 million in the previous corresponding period.
The company’s EBITDA climbed 19.8% to $39.5 million, supported by a broadened EBITDA margin of 33.6%.
Management attributed the improved operating efficiency to a combination of increased payment volumes and disciplined cost control.
Gross profit reached $117.6 million, representing a 5% increase, while payments-specific gross profit grew by 6%.
The growth was reportedly driven by resilient consumer spending and a reduction in merchant churn.
Beyond core payment processing, Tyro achieved several operational milestones aimed at diversifying its service suite for small and medium enterprises.
The company launched a new transaction account and an enhanced loan product as part of its banking division.
Additionally, Tyro announced the acquisition of Thriday, an AI-driven financial management platform designed to automate bookkeeping and tax tasks for business owners.
CEO Nigel Lee stated that the half-year performance aligns with the company's established objectives.
With free cash flow increasing by 51.8% to $13.6 million, Tyro remains positioned to meet its full-year financial guidance for FY26 as it integrates its new acquisitions and continues its omni-channel expansion.