Trading Statement

P-LEI: 213800HU63CWV5J8YK95 27 January 2026

W.A.G payment solutions plc ("Eurowag" or the "Group")

Trading Update

Strong financial performance in FY 2025; Adjusted cash EBITDA expected above guidance

W.A.G payment solutions plc ("Eurowag", or the "Group") today announces an unaudited trading update for the 12 months ended 31 December 2025.

Financial highlights1,2

• ~13% organic Net Revenue growth, in line with 2025 guidance: Total net revenue for the full year is expected to be approximately €330m (2024: €292.5m), representing ~13% year-on-year growth, in-line with our 2025 guidance
• Adjusted EBITDA margin, expected to align with 2025
• Adjusted cash EBITDA, above 2025 guidance: Adjusted cash EBITDA3 is anticipated to be above the ~€95m guidance communicated in our HY 2025 results
• Strong cash generation, leverage below 2.0x: Cash generation continues to be strong, expecting net debt to Adjusted EBITDA below 2.0x at year end
• Eurowag Office progressing well: Implementation on track for 30% customer adoption by end of Q1 2026

Outlook and FY 2026 guidance

In 2025, we continued to scale Eurowag Office successfully, progressing towards our goal of migrating ~30% of our customers base by the end of the first quarter of 2026, with the aim of having the majority of our customers using the platform by the end of FY 2026.

As 2026 will be a migration year for the Group, our 2026 guidance is aligned with full-year 2025 guidance. We expect low double-digit net revenue growth, alongside sustained Adjusted EBITDA and Adjusted cash EBITDA margins. Our capital expenditure target remains unchanged, with R&D investment expected to stay below the €50 million cap in FY 2026. Supported by the value creation from our integrated platform and ongoing operational efficiency initiatives, Eurowag is well positioned to deliver future growth and continued strong cash generation.

Notice of results

Eurowag expects to announce its FY 2025 results on Wednesday, 25 March 2026.

Notes:

• The Group used "Net revenue", defined as revenue less costs of goods sold in the 2024 Annual Report and in other information supplied to markets, a subtotal similar to gross profit.
• Please note the numbers are unaudited and are therefore preliminary. Growth rates may differ due to rounding.
• Defined as Adjusted EBITDA less capitalised R&D plus non-cash share-based payments.