Tyro Payments Ltd. (TYR) AI Stock Analysis

• Market Cap: AU$566.19M
• Dividend Yield: N/A
• Average Volume (3M): 2.52M
• Price to Earnings (P/E): 31.6
• Beta (1Y): 1.38
• Revenue Growth: 1.06%
• EPS Growth: -30.96%
• Country: AU
• Employees: 626
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.02
• Shares Outstanding: 529,152,000
• 10 Day Avg. Volume: 2,218,839
• 30 Day Avg. Volume: 2,520,333
• PEG Ratio: -0.84
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 0.98
• P/FCF Ratio: 3.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.70
• Price Target Upside: 70.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: AU$1.00 ▲(0.00% Upside)

Tyro Payments Ltd. has a stable financial foundation with strong cash flow and low leverage, which are positive factors. However, technical indicators show bearish momentum, and the stock appears overvalued with no dividend yield, which weigh down the overall score.

Positive Factors

Cash Flow Generation

Strong cash flow generation enhances Tyro's liquidity and financial flexibility, providing a solid foundation for investment in growth opportunities and resilience against economic fluctuations.

Balance Sheet Health

A healthy balance sheet with low leverage reduces financial risk and provides stability, allowing Tyro to navigate market challenges and invest in strategic initiatives.

Revenue Model Diversification

Diversified revenue streams through partnerships enhance Tyro's market reach and resilience, supporting sustainable long-term growth across various sectors.

Negative Factors

Declining Revenue

Declining revenue growth indicates potential challenges in market demand or competitive positioning, which could impact Tyro's ability to maintain its market share and profitability.

Profit Margin Decline

A declining profit margin suggests increased costs or pricing pressures, which may affect Tyro's profitability and its ability to reinvest in business development.

Operational Efficiency

Low operational efficiency can hinder Tyro's ability to effectively manage costs and optimize resource utilization, potentially affecting its competitive edge and financial performance.

Tyro Payments Ltd. Business Overview & Revenue Model

Company Description

Tyro Payments Limited provides payment solutions to merchants in Australia. The company operates through Payments and Banking segments. It offers electronic funds transfer at point of sale (EFTPOS) solutions, business loans, and banking solutions. The company also acquires credit, debit, and EFTPOS cards; and offers Medicare and private health fund claiming and rebating services. In addition, it provides complementary banking solutions, including merchant cash advance, transaction account, and a term-deposit account. Further, the company offers Tyro Go, a mobile payment card reader; Tyro Connect that integrates apps and services with POS system designed for cafes, restaurants, QSRs, pubs, clubs, and bars; and Medipass, a digital health payment platform that links practitioners, funders, and patients. It primarily serves health, hospitality, services, corporate, accommodation, and retail industries. The company was incorporated in 2003 and is based in Sydney, Australia.

How the Company Makes Money

Tyro Payments generates revenue primarily through transaction fees charged to merchants on each payment processed through its payment systems. Additionally, the company earns income from subscription fees for its POS systems and software services. Tyro's revenue model is also bolstered by partnerships with financial institutions and service providers, allowing it to offer integrated solutions and expand its market reach. Key revenue streams include merchant service fees, transaction-based earnings, and ancillary services such as cash flow management and analytics tools, which help businesses optimize their operations.

Tyro Payments Ltd. Financial Statement Overview

Summary

Tyro Payments Ltd. exhibits a stable financial position with strengths in cash flow and balance sheet stability. The company has a strong cash flow performance with significant free cash flow growth and a low debt-to-equity ratio. However, challenges in the income statement, such as declining revenue and profit margins, indicate areas for improvement.

Income Statement

Tyro Payments Ltd. has shown a mixed performance in its income statement. The company has a decent gross profit margin of 45.96% for 2025, indicating efficient cost management. However, the net profit margin has declined to 3.77% from 5.16% in 2024, reflecting reduced profitability. Revenue growth has been negative at -3.91%, which is a concern. The EBIT and EBITDA margins are relatively low, suggesting room for improvement in operational efficiency.

Balance Sheet

The balance sheet of Tyro Payments Ltd. is relatively strong with a low debt-to-equity ratio of 0.12, indicating low financial leverage and reduced risk. The return on equity is moderate at 7.85%, showing a reasonable return on shareholders' investments. The equity ratio is healthy, suggesting a solid capital structure. Overall, the company maintains a stable financial position.

Cash Flow

Tyro Payments Ltd. has demonstrated strong cash flow performance with a significant free cash flow growth rate of 433.52% in 2025. The operating cash flow to net income ratio is 0.55, indicating good cash generation relative to net income. The free cash flow to net income ratio is high at 0.92, reflecting efficient cash management. The cash flow metrics suggest robust liquidity and financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	472.94M	472.94M	497.71M	437.50M	325.52M	232.77M
Gross Profit	217.35M	217.35M	225.87M	162.00M	118.81M	98.33M
EBITDA	61.15M	67.20M	68.20M	37.92M	8.14M	-13.89M
Net Income	17.82M	17.82M	25.70M	6.01M	-29.62M	-29.82M
Balance Sheet
Total Assets	547.56M	547.56M	451.46M	431.04M	410.09M	395.26M
Cash, Cash Equivalents and Short-Term Investments	191.93M	191.93M	85.48M	58.05M	47.36M	89.52M
Total Debt	28.05M	28.05M	31.54M	33.56M	33.99M	2.81M
Total Liabilities	320.74M	320.74M	243.78M	253.35M	250.49M	214.59M
Stockholders Equity	226.82M	226.82M	207.67M	177.68M	159.60M	180.66M
Cash Flow
Free Cash Flow	145.04M	127.07M	35.52M	10.15M	-33.38M	-40.26M
Operating Cash Flow	145.81M	138.13M	48.79M	25.23M	-9.02M	-10.98M
Investing Cash Flow	-5.17M	7.04M	-40.62M	-27.76M	-48.35M	-32.22M
Financing Cash Flow	-2.06M	-6.59M	-2.97M	8.88M	9.37M	23.93M

Tyro Payments Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TYR, the sentiment is Negative. The current price of 1 is below the 20-day moving average (MA) of 1.02, below the 50-day MA of 1.08, and above the 200-day MA of 0.97, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 16.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TYR.

Tyro Payments Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B4P	71 Outperform	AU$131.46M	18.80	19.30%	―	13.74%	70.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TYR	58 Neutral	AU$566.19M	31.56	8.20%	―	1.06%	-30.96%
WRK	52 Neutral	AU$247.01M	-81.25	-19.83%	―	10.79%	46.67%
QFE	50 Neutral	AU$43.54M	-9.13	-60.86%	―	24.46%	24.10%
SPX	37 Underperform	AU$14.59M	―	-97.38%	―	106.21%	-60.61%

Tyro Payments Ltd. Corporate Events

Tyro Payments Ltd. Announces Quotation of New Securities on ASX

Tyro Payments Ltd. has announced the quotation of 1,309,885 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from November 24, 2025. This move signifies the company’s strategic efforts to enhance its market presence and liquidity, potentially impacting its financial standing and offering new opportunities for stakeholders.

Tyro Payments Announces Cessation of Performance Rights

Tyro Payments Limited announced the cessation of 2,960,273 performance rights due to unmet conditions, as of November 24, 2025. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic focus.

Tyro Payments Ltd. AGM 2025: Resolutions Passed with Strong Support

Tyro Payments Ltd. held its Annual General Meeting on November 26, 2025, where all resolutions were passed by poll. The meeting included the adoption of the 2025 remuneration report and the re-election of directors, indicating strong shareholder support. This outcome reflects positively on Tyro’s governance and strategic direction, potentially reinforcing its market position and stakeholder confidence.

Tyro Payments Announces CEO Transition and Recognition of Outgoing Leader

Tyro Payments Ltd. announced the departure of its CEO and Managing Director, Jon Davey, effective December 5, 2025, with Nigel Lee set to take over on January 12, 2026. During the interim, CFO Emma Burke will serve as acting CEO. The board recognized Davey’s contributions with a pro-rated short-term incentive and allowed the continuation and acceleration of certain performance and service rights related to his previous role at Medipass. Davey’s long-term incentive rights for FY24 and FY25 will be canceled, while a portion of his FY23 rights have vested. The board expressed gratitude for Davey’s leadership and the strong results achieved during his tenure, positioning the company for future growth.

Tyro Payments Reaffirms FY26 Guidance Amidst Strategic Progress

Tyro Payments Limited held its 2025 Annual General Meeting, where CEO Jon Davey highlighted the company’s strategic progress and financial growth. The company reported a 4.4% increase in gross profit for FY25 and improved its EBITDA margin to 28.0%. Tyro reaffirmed its FY26 guidance, projecting gross profits between $230m and $240m and an EBITDA margin of 28.5% to 30%, indicating continued focus on profitability and operational efficiency.

Tyro Payments Issues New Performance Rights to Employees

Tyro Payments Ltd. has announced the issuance of 302,967 performance rights as part of an employee incentive scheme, which are not intended to be quoted on the ASX. This move is likely aimed at motivating and retaining talent within the company, potentially enhancing its operational capabilities and competitive positioning in the fintech industry.

Tyro Payments Announces Change in Director’s Interest

Tyro Payments Limited announced a change in the director’s interest for Steven Holmes, with the acquisition of 36,565 FY26 Director Fee Sacrifice Rights. This change reflects Tyro’s ongoing commitment to aligning its leadership’s interests with the company’s performance, potentially impacting its governance and stakeholder relations positively.

Tyro Payments Announces Director’s Interest Change for Aliza Knox

Tyro Payments Limited announced a change in the director’s interest for Aliza Knox, with the acquisition of 30,175 fully paid Ordinary Shares and 36,565 FY26 Director Fee Sacrifice Rights, while disposing of 30,175 FY25 Director Fee Sacrifice Rights. This change reflects ongoing adjustments in the company’s governance and may influence stakeholder perceptions regarding the company’s strategic direction.

Tyro Payments Announces Change in Substantial Holding Status

Tyro Payments Ltd. has announced a change in its substantial holding status, as Aware Super Pty Ltd, acting as trustee of Aware Super, has ceased to be a substantial holder as of November 11, 2025. This change reflects a shift in the voting interests and associations related to Tyro Payments, potentially impacting its market positioning and stakeholder dynamics.

Tyro Payments Issues New Performance Rights to Employees

Tyro Payments Limited announced the issuance of 2,800,399 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of Tyro’s strategy to incentivize its employees and align their interests with the company’s growth objectives, potentially impacting its operational dynamics and stakeholder engagement.

Tyro Payments Announces Issuance of Unquoted Equity Securities

Tyro Payments Limited announced the issuance and conversion of unquoted equity securities, with several tranches of ordinary fully paid securities being issued between July and September 2025. This move reflects Tyro’s ongoing efforts to manage its equity structure, potentially impacting its market positioning and providing stakeholders with insights into its strategic financial maneuvers.