Hightech Payment Systems (HPS) H2 2025 earnings summary

Executive summary

• Revenue grew 22.3% year-over-year to MAD 1,551M, surpassing the annual target of 20%.

• Achieved a structural milestone with the SaaS transition, now driving recurring revenue and profitability.

• Record backlog of MAD 1,672M (+88.9%) provides strong visibility for future growth.

• Full-year integration of CR2 enhanced offerings and profitability profile.

Financial highlights

• EBITDA rose 30.0% to MAD 286M, with margin improving to 18.4% from 17.3% year-over-year.

• Operating income increased 43.1% to MAD 220M; net income (group share) up 40.5% to MAD 106M.

• Earnings per share reached MAD 14.3, up 40.5% year-over-year.

• Operating cash flow surged to MAD 239M (4.9x increase); net debt reduced by 42.4%.

• Cash at period end was MAD 256M, up 25.4% from prior year.

Outlook and guidance

• Entering 2026 with strong fundamentals, record backlog, and ramp-up of SaaS model.

• Organic revenue growth expected at 12–17% and EBITDA margin to exceed 2025 levels.

• Continued focus on innovation in cloud, AI, and open banking.

• Dividend proposed at MAD 8 per share, up 14.2% year-over-year.