PaySauce Quarterly Market Update - March 2025

Customer growth underpins 13% YoY growth in
Processing fees

Lower Hutt, New Zealand - 4 April 2025


KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR Q4 FY25

● ARR of $8.5m (Up 6% YoY)
● Recurring revenue of $2.1m for the quarter (Up 6% YoY)
● Processing fee revenue of $1.6m for the quarter (Up 13% YoY)
● Customers at end of the quarter: 8,204 (Up 11% YoY)



Metric Mar 2025 YoY Increase
ARR $8.5m 6%
Recurring revenue (for the quarter) $2.1m 6%
Processing fee revenue (for the quarter) $1.6m 13%
Customers (processed in Mar 2025) 8,204 11%

Recurring revenue for Q4 FY25 is up 6% YoY at $2.1m, with processing fees
contributing $1.6m (up 13% YoY), and interest revenue from funds held on behalf of
customers contributing $0.5m (down 13% YoY).

PaySauce continued to achieve double digit year on year customer growth, up 11%
year on year to 8,204, being a net increase in customers of 836 since the same
time last year.

Interest earned on the funds held on behalf of customers (the float) declined in
the quarter to March from the December quarter, with the decline in interest rates
having a more material impact than the increase in float funds held.

CEO Asantha Wijeyeratne said: “We’re pleased to bring FY25 to a close with an
increase in revenue and customer numbers year-on-year. We’ve been impacted by
reducing interest rates and a slow recovery of the economy, but have been seeing
green shoots in customer growth over the last few quarters, and Q4 was no
different, with customer numbers up 11% year on year.

The quarter to March was a solid result off the back of the normal seasonal high in
December as an unusually large number of customers chose to bring January
payrolls forward to December.

Falling interest rates have impacted the interest earned in the quarter, and whilst
that’s led to a short-term reduction to our recurring revenue, the longer term
benefit arises from our customers having lower borrowing cost.. That, coupled with
the return of business confidence suggests the current momentum of increasing
customer growth will continue.

We continue to focus on improving our product to deliver a better payroll
experience for our customers in current and new markets. These improvements
will help our customers extract even more value from PaySauce and ultimately
help give them back the two things they value the most - peace of mind and
time.”


ENDS

ABOUT PAYSAUCE

PaySauce is a SaaS fintech platform providing solutions for people at work in 14
jurisdictions across the Asia-Pacific region. The technology enables small
employers to digitally onboard, pay and manage employees from any device. The
platform includes rosters, mobile timesheets, payroll calculations, banking
integration, automated payments, PAYE filing, labour costing, automated general

ledger entries and digital employment contracts. The PayNow feature enables
customers’ employees to access the pay they’ve earned before payday, providing a
free alternative to payday lenders. www.paysauce.com

CONTACT

Jaime Monaghan
CFO PaySauce
+64 22 5246366
Please direct any investment queries to investor@paysauce.com