NewsBite

Tyro narrows loss on surging transaction volume

James Frost
James FrostFinancial services writer

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

  • Revenue ($m): 238.5, up 13pc from year-earlier 210.7
  • EBITDA ($m): 14.2 v year-earlier -4.4
  • Net loss ($m): -29.8 v year-earlier -38.1
  • Final dividend: nil

Payments player Tyro has bounced back from a January outage that affected three in 10 customers to report a 13 per cent rise in revenue and 22 per cent lower net loss for the year.

The company is Australia’s fifth largest payment terminal player, specialising in SMEs in hospitality, retail and health. Tyro reported a 26 per cent rise in transaction volumes for the year to June 30 and has seen another 2205 applications from merchants since July 1.

Loading...
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/financial-services/tyro-narrows-loss-on-surging-transaction-volume-20210825-p58lx5