EML Payments Flags Profit Dip but Touts Growing Pipeline and Restructuring Progress

The latest announcement is out from EML Payments ( (AU:EML) ).

EML Payments reported first-half FY26 revenue of $108.4 million, down 6% year on year, and underlying EBITDA of $28 million, a 16% decline, with a swing to a statutory net loss of $4 million. The weaker results were attributed to the run-off of clients lost in 2024, moderating interest yields and fewer one-off benefits, while the cash balance fell to $47.8 million reflecting settlement, intercompany loan and capital spending outflows.

Despite softer earnings, management highlighted a strengthened commercial performance, with a new-program pipeline of about $102 million, wins of roughly $24 million and conversion rates ahead of target, though delays between contract signing and activation are deferring revenue. The EML 2.0 restructuring and Project Arlo platform build are progressing on schedule, overheads are being reduced, and the company tightened its FY26 underlying EBITDA guidance to a narrower $58 million to $60 million range, signalling disciplined cost control and confidence in medium-term growth.

The most recent analyst rating on (AU:EML) stock is a Sell with a A$0.70 price target. To see the full list of analyst forecasts on EML Payments stock, see the AU:EML Stock Forecast page.

More about EML Payments

EML Payments Limited is a global payments company operating across Australia, New Zealand, the UK, Europe and North America. It provides payment solutions to a diverse customer base that includes government entities, retail brands, fintechs and financial services firms, positioning it in the broader digital and card-based payments processing industry.

Average Trading Volume: 980,699

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$299.1M

Learn more about EML stock on TipRanks’ Stock Analysis page.