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PayPoint PLC on Wednesday said it expects to report financial results in line with expectations for its recently ended financial year, as it progresses with a multi-year share buyback programme.
The Hertfordshire, England-based payments and retail technology group said underlying earnings before interest, tax, depreciation and amortisation for the year ended March 31 will be around £90 million, up from £81.3 million the year prior.
Underlying pretax profit is anticipated to meet market expectations, having totalled £61.7 million in financial 2024.
PayPoint said net debt at year-end is expected to be below £100 million, compared to net corporate debt of £67.5 million at the end of financial 2024.
Turning to its capital return plans, PayPoint noted it has repurchased so far more than 2.2 million shares, worth £15.9 million, under the three-year buyback programme launched in July last year.
PayPoint said further details, including confirmation of the next stage of the buyback, will be provided in its full-year results on June 12, when it will provide an update on its medium-term strategy and new financial targets through to financial 2028.
Shares in PayPoint were up 0.9% at 654.82 pence in London on Wednesday morning.
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