PaySauce Quarterly Market Update - September 2025

PaySauce ARR hits record $9.2m in 2Q26, as
growth continues alongside Australian pilot launch

Lower Hutt, New Zealand - 8 October 2025


Software as a Service Fintech PaySauce (NZX: PYS) today reports record
Annualised Recurring Revenue (ARR) for the September 2025 quarter (2Q26) of
$9.2m.

PaySauce remains on track for a commercial launch into Australia in February
2026. In New Zealand, recurring revenue of $2.3m was up +4% YoY for the quarter,
with processing fees contributing $1.8m (up +14% YoY) and interest revenue from
funds held on behalf of customers contributing $0.5m, down -23% YoY in line with
falling interest rates.

KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR 2Q26

● ARR of $9.2m (up +6% YoY)
● Recurring revenue of $2.3m for the quarter (up +4% YoY)
● Processing fee revenue of $1.8m for the quarter (up +14% YoY)
● Customers at the end of the quarter: 8,506 (up +9% YoY)


Metric Sep
2025
1
QoQ
Increase
YoY
Increase
ARR $9.2m +4% +6%
Recurring revenue (for the quarter) $2.3m +2% +4%
Processing fee revenue (for the quarter) $1.8m +4% +14%
Active customers
#
(September 2025)
8,506 +1% +9%

Processing fee revenue growth was the key driver of the improving result for the
September 2025 quarter, with processing fee revenue up +4% QoQ and +14% YoY.
This was supported by the growth in the number of active customers to 8,506, up
+1% QoQ and +9% YoY.

1
All figures are in New Zealand dollars unless specified otherwise.
# Active customers are those that have processed payments in the month

Customer growth has fallen slightly (by 1 percentage point from 1Q26 YoY growth)
to +9% YoY growth as preparation for the Australian market entry has temporarily
diverted sales resources in the quarter.



Interest earned on the funds held on behalf of customers (the float) declined in
the quarter to September 2025, reflecting the continued reduction in wholesale
interest rates since this time last year. Despite customers trusting us with higher
float balances, interest income declined -23% against the same quarter last year.

CEO Asantha Wijeyeratne said: “We’re thrilled to present a strong end to the
second quarter of the financial year, achieving record ARR of $9.2m despite a
backdrop of continued downward pressure on interest rates and a slower
domestic economic recovery than we would have hoped.

“We’ve achieved these results all whilst launching the pilot of our new Australian
payroll product, processing several live pays for a handful of pilot customers, and
preparing for our market entry into Australia early next year.

“As I mentioned recently at our ASM, I’m so thankful to our shareholders, the
PaySauce team and our customers for your continued support and am incredibly
excited for the next 6 months and beyond as we embark on the next chapter of
our journey together.

I look forward to sharing more details in our interim report, due to be released
mid-November.”

Forsyth Barr MST Access initiates coverage on PaySauce
We are delighted to announce that Forsyth Barr MST Access has initiated coverage
on PaySauce as part of its issuer sponsored research programme.

We are participating in the programme because we believe it will foster investor
understanding of PaySauce’s performance and prospects.

Investors can access the latest research on the Forsyth Barr MST Access page on
the Forsyth Barr website.

The Directors and Management of PaySauce accept no responsibility or liability for
the analysis, views expressed or recommendations of the Forsyth Barr MST Access
team or any other share-broking firms or analysts
.



ENDS

ABOUT PAYSAUCE
PaySauce is a SaaS fintech platform delivering digital payroll solutions across 14
jurisdictions in Asia-Pacific. 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, and automated general ledger entries. 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