PayPoint

PAY · Main Market · Industrial Goods and Services · mcap £389m · 663.5p

PayPoint runs a network of over 30,000 UK convenience stores offering bill payments, parcel collection and card services. It also owns Love2shop gift cards and savings, plus Open Banking and e-commerce parcel businesses.

Target	Promise	Said	Status
2024
end of FY24	Net corporate debt below £72.4m by end of FY24	23 Nov 2023	✓ Kept
	“is expected to reduce below the starting position of £72.4m by the end of the current financial year” Result FY24 net debt was £67.5m. “Net corporate debt7 of £67.5 million reduced by £4.9 million from opening position of £72.4 million”13 Jun 2024 · Results for the year ended 31 March 2024
end of FY24	FY24 underlying EBITDA of about £80m	24 Jan 2024	✓ Kept
	“deliver £100m EBITDA by the end of FY26” Result FY24 EBITDA was £81.3m. “Underlying EBITDA1 of £81.3 million (FY23: £61.3 million) increased by £20.0 million (32.6%)”13 Jun 2024 · Results for the year ended 31 March 2024
summer 2024	Royal Mail parcel drop-off at 5,000 Collect+ stores by summer 2024	22 Feb 2024	✓ Kept
	“The multi-year agreement will enable parcel drop off for Royal Mail customers at 5,000 Collect+ stores in communities across the UK by the summer.” Result Aug 2024 update listed rollout to 5,000 sites as due 31 July 2024; no shortfall reported. “Royal Mail rollout to 5,000 sites now complete as of 31st July 2024”1 Aug 2024 · Trading update for the three months ended 30 June 2024
2025
30 June 2025	Return at least £20m via buyback in the 12 months from July 2024	13 Jun 2024	✓ Kept
	“returning at least £20m over the next 12 months” Also stated 1 Aug 2024 Result First tranche of £20m completed by July 2025. “The initial £20 million tranche of the Buyback Programme commenced on 1 July 2024 and completed 30 June 2025. Over the period 2,849,507 ordinary shares in the Company were repurchased for cancellation at an average price of 701.88 pence per share, representing 3.9 per cent of the issued share capital of the Company when the Buyback Programme commenced.”1 Jul 2025 · Share Buyback Programme
2026
FY26	FY26 EBITDA ahead of last year and in line with market expectations	20 Nov 2025	✓ Kept
	“We expect underlying EBITDA for FY26 to be ahead of last year and broadly in line with current market expectations.” Result FY26 EBITDA £92m versus £90m; results in line with expectations. “Underlying EBITDA of £92.0 million (FY25: £90.0 million) increased by £2.0 million (2.2%)”11 Jun 2026 · Record profits delivered and reorganisation to deliver next stage of growth
FY26	Shareholder returns of over £90m in FY26	20 Nov 2025	✓ Kept
	“the business on course to generate returns to shareholders of over £90 million through a combination of our ordinary dividend, continuing share buyback programme and special dividend” Result Special dividend paid, buybacks continued and dividends rose. “As at 30 June 2026, the Company had returned £50 million through the first and second tranches of the Buyback Programme, with 7,860,645 Ordinary Shares purchased for cancellation and, together with the Company's share consolidation, shares in issue reduced by 17.7%.”1 Jul 2026 · Share Buyback Programme
FY26	Record profits for FY26	28 Jan 2026	✓ Kept
	“deliver record profits for the year” Result Underlying profit before tax £69.0m, a record. “Underlying profit before tax of £69.0 million (FY25: £68.0 million) increased by £1.0 million (1.5%)”11 Jun 2026 · Record profits delivered and reorganisation to deliver next stage of growth