EML Payments Ltd

EML: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$2.00	Nfxm	Chmrwpz

EML Payments Earnings: Positive News at Last; Outlook for Recovery Is Supportive

Shaun Ler

Feb 28, 2024

No-moat EML Payments' first-half fiscal 2024 results marked a pivotal turning point after nearly three years of regulatory compliance issues. Underlying EBITDA more than doubled from the previous corresponding period to AUD 29 million, propelling EBITDA margins to 19.4% from 11.5%, supported by growth in recurring revenue across all segments and a boost in interest income from customers’ loaded funds.

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