Westpay’s third quarter of 2025 marks another solid step forward — characterized by continued profitable growth, a rising share of recurring revenues, and accelerating execution of the company’s SaaS strategy. Strong financial results, a scalable infrastructure, and new strategic partnerships further strengthen Westpay’s position as a leading Nordic provider of acquirer-independent payment solutions.

Significant achievements include:

• Continued growth and expanding profitability – Net sales +5%, EBITDA +158%, and positive earnings on both EBIT and net result levels, driven by strong operational execution and recurring revenue scalability.
• Recurring revenues at record level – 72% of total sales and ARR +11%, confirming the strength and predictability of Westpay’s SaaS-based business model.
• Technological advancement and platform scalability – Full integration of Westpay’s payment infrastructure with Silverflow, enabling faster, more flexible acquiring connectivity and strengthening long-term competitiveness.
• Financial position reinforced – Final payments from the directed share issue completed in Q2 were received during the quarter, further strengthening liquidity and providing headroom for continued expansion.
• Strategic execution and partner expansion – Growing partner ecosystem across the Nordics and strong customer traction among merchants seeking secure, independent and future-ready payment solutions.

FINANCIAL SUMMARY

The third quarter 2025(the third quarter 2024)

• Net sales totalled MSEK 17,5 (16,7), a change of MSEK +0,8 / +5 %
• EBITDA was MSEK 4,1 (1,6), a change of MSEK +2,5 / +158 %
• EBIT was MSEK 1,8 (-0,8), a change of MSEK +2,6
• Net earnings were MSEK 1,6 (-1,4), a change of MSEK +3,0
• Net earnings per share amounted to SEK 0,02 (-0,02), a change of SEK +0,04
• ARR amounted to MSEK 50,5 (45,3), a change of MSEK +5,2 / + 11 %
• Recurring revenues made up 72% (68) of net sales

January-September 2025(January- September 2024)

• Net sales totalled MSEK 53,1 (47,5), a change of MSEK +5,6 / +12 %
• EBITDA was MSEK 9,5 (2,7), a change of MSEK +6,8 / +258 %
• EBIT was MSEK 2,3 (-4,2), a change of MSEK +6,5
• Net earnings were MSEK 2,4 (-6,4), a change of MSEK +8,8
• Net earnings per share amounted to SEK 0,03 (-0,08), a change of SEK +0,11
• Recurring revenues made up 69% (66) of net sales

For more information about news and events:https://investor.westpay.se/financial-reports/

For additional information, please contact:
Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se

Redeye AB is the company’s Certified Adviser.

This information is information that Westpay AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-10-30 07:00 CET.

About Westpay
Westpay is a full-service Fintech- and Payment Solution Provider that offers solutions that simplify payments and amplifies the overall customer experience. If you represent a restaurant, hotel, store, in-store, or e-commerce, and looking for a payment solution that adds value, we can help you all the way. The company is represented globally, headquartered in Stockholm, Sweden and is listed on Nasdaq First North Growth Market.

Learn more at: westpay.se

Attachments

Interim Financial Report July September 2025

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