CORRECT: Eurowag confident after first-half profit multiplies

(Amending company description and references to Ebitda)

(Alliance News) - Wag Payment Solutions PLC on Thursday said performance improved in the first half of 2025 and backed its full-year growth target.

The London-based firm known as Eurowag is a payments and mobility platform servicing the European commercial road transport industry.

Eurowag posted revenue of EUR1.16 billion in the six months that ended June 30, up 1.1% from EUR1.15 billion a year prior. Net revenue rose 15% to EUR162.2 million from EUR141.0 million.

Pretax profit more than tripled to EUR15.7 million from EUR4.2 million on-year. Adjusted earnings before interest, tax, depreciation and amortisation came in 7.7% ahead of the previous year at EUR63.9 million, compared to EUR59.4 million.

The firm reiterated full-year guidance, before any adjustments that could be made in relation to a new long-term incentives plan, which will reinforce adjusted cash Ebitda as the main performance measure, Eurowag said.

Full-year adjusted cash Ebitda is expected in the middle of the guide range, which is between EUR90 million and EUR100 million. In the medium term, Eurowag is aiming for a low-teen compound annual growth rate in adjusted cash Ebitda. The 2025 forecast for net revenue growth is in the low teens.

"Whilst the industry outlook remains flat with limited GDP growth in Europe, Eurowag's robust business model and momentum in the first half of the year, underpins the group's confidence," Eurowag noted.

The firm's shares were up 4.3% at 102.00 pence on Friday afternoon in London, having gained 31% in the last 12 months.

By Holly Munks, Alliance News reporter

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