Key Points – Nayax’s second-quarter revenue rose 28% to approximately $123 million, driven by 21% organic growth, a 24% increase in recurring revenue and a 29% rise in transaction value to $2.1 billion.
The company ended the quarter with more than 1.55 million connected devices and 125,000 customers. – Profitability was mixed: adjusted EBITDA increased 12% to $14 million, but the company posted a $10.1 million net loss, while hardware margins were pressured by Lynkwell’s project-heavy EV charging business and higher logistics costs. – Nayax reaffirmed its 2026 revenue and adjusted EBITDA forecasts but cut free-cash-flow conversion guidance to 5%–10% as it accelerates investments in EV charging, financial services and component sourcing
Its proposed Connecticut bank could launch in 2027 if approved, initially offering lending and card-issuing services to existing payments customers. Nayax (NASDAQ:NYAX) reported second-quarter revenue growth of 28% to approximately $123 million, while reiterating its full-year revenue and adjusted EBITDA outlook. The company lowered its free-cash-flow conversion forecast, citing accelerated investments in EV charging, financial services infrastructure and component sourcing.
Chief Financial Officer Sagit Manor said organic revenue grew 21% in the quarter and approximately 24% during the first half, in line with the company’s full-year organic growth guidance. Recurring revenue increased 24% and accounted for about 72% of total revenue. The company ended the quarter with more than 1.55 million connected devices and more than 125,000 customers globally.