Tyro Payments reported a 49.5% rise in free cash flow to AUD 29.4 million for the fiscal year ended June 30, 2026, as the company maintained guidance and expanded margins across its core operations.
Gross profit increased 5.3% year-over-year to AUD 231.8 million, while EBITDA rose 8.6% to AUD 66.9 million, lifting the EBITDA margin to 28.9% from 28.0% a year prior. Normalized profit before tax surged 40% to AUD 24.7 million, supported by a 44% cash conversion rate. Total transaction value grew 2.9% to AUD 44.3 billion, with core payment volumes expanding 4.4%, outpacing the 1.7% growth recorded in fiscal 2025.
The company’s health segment, which serves over 14,000 practices, saw transaction value climb 6.4% to AUD 7.9 billion, driven by 26% growth in allied health and 19% in dental services. Tyro’s banking unit added 34.6% more active accounts, reaching 14,500, while customer deposits rose 27.3% to AUD 118.9 million. Loan originations increased 19.4% to AUD 187.8 million, with balances up 33%.
Tyro’s shares traded 0.57% higher at AUD 0.88, extending gains from a 52-week low of AUD 0.665 and remaining 32.0% below the year’s peak of AUD 1.295. The company’s balance sheet showed AUD 145.3 million in available own funds, a debt-to-equity ratio of 0.11, and a current ratio of 2.8. InvestingPro rated its financial health as "GREAT" with a score of 3.2 out of 5.
For fiscal 2027, Tyro guided normalized gross profit to AUD 240 million–AUD 255 million, implying a midpoint growth rate of 6.8%, and EBITDA margins between 28.5% and 30.5%. Chief Executive Nigel Lee emphasized a strategic shift toward commercialization, focusing on health, banking, enterprise, and e-commerce. Chief Financial Officer Emma Burke noted that gross profit growth outpaced cost increases, delivering positive operating leverage.
Executives also highlighted preparations for regulatory changes, including the removal of card surcharging in Australia effective October 1, 2027, alongside adjustments to interchange fees. Tyro serves approximately 78,000 merchants, roughly 3% of Australia’s SME segment, within a domestic payments market estimated at AUD 1 trillion.
