NZX Governance Explorer

How PaySauce Limited makes money

Where PYS’s revenue went in FY2025: operating costs, depreciation, interest and tax, and what was left as net profit. Built from the income statement in the filed annual report, and drawn only when the figures reconcile with each other. PYS company profile

How PaySauce Limited makes money — FY2025

Revenue $9.0m · EBITDA $1.4m (15.0% of revenue) · Net profit $681k (7.6% of revenue) · Financial year ending March (from the issuer record)

PaySauce Limited (PYS) FY2025: where revenue of $9.0m wentRevenue → EBITDA: $1.4mRevenue → Operating costs (net of other income): $7.6mEBITDA → EBIT: $535kEBITDA → Depreciation & amortisation: $817kEBIT → Net profit: $535kIncome tax credit → Net profit: $146kIncome tax credit → Interest: $52kIncome tax credit → Other items (net cost): $23kRevenue: $9.0mRevenue$9.0mEBITDA: $1.4mEBITDA$1.4mOperating costs (net of other income): $7.6m (derived)Operating costs (net ofother income)$7.6m · derivedEBIT: $535kEBIT$535kDepreciation & amortisation: $817kDepreciation &amortisation$817kIncome tax credit: $221kIncome tax credit$221kNet profit: $681kNet profit$681kInterest: $52kInterest$52kOther items (net cost): $23k (balancing item)Other items (net cost)$23k · balancing

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

PaySauce Limited FY2025 figures used in the chart
FY2025AmountStatusNote
Revenue$9.0mReported
Operating costs (net of other income)−$7.6mDerived *Reported operating expenses $8.5m do not reconcile; not used.
EBITDA$1.4mReported
Depreciation & amortisation−$817kReported
EBIT$535kReported
Interest (net finance costs)−$52kReported
Income tax credit+$221kReported
Other items (net cost)−$23kBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$681kReported
  • * operating costs: $7.6m = Revenue − EBITDA
Checks run on these figures (6)
  • Passed: Revenue is within the scale of a column stored in thousands.
  • Passed: Revenue in the income statement ($9m) vs the summary table ($9m): agree within 2%.
  • Passed: EBITDA − D&A = $0.5m vs reported EBIT $0.5m: reconciles.
  • Not met: Reported operating expenses ($8.5m) leave $0.5m, not EBITDA of $1.4m (gap -$0.9m); costs derived as revenue minus operating profit instead. No split is shown.
  • Passed: Balancing item -$0m is 0.3% of revenue (limit 25%).
  • Not met: No operating segments recorded for this year.

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.

Annual report: PaySauce Limited Annual Report (PDF, NZX)

EBITDA bridge, FY2024 → FY2025

What moved EBITDA between the two years: the change in revenue, less the change in operating costs (revenue less EBITDA, net of other income; not a reported line). The costs are one net figure; no split by type is held, so none is shown.

PYS EBITDA bridge FY2024 to FY2025FY2024 EBITDA: $1.1m$1.1mFY2024 EBITDARevenue change: +$1.3m+$1.3mRevenue changeCost change (derived): −$1.0m−$1.0mCost change (derived)FY2025 EBITDA: $1.4m$1.4mFY2025 EBITDA
PYS EBITDA bridge FY2024 to FY2025: figures
StepFY2024FY2025Effect on EBITDAStatus
FY2024 EBITDA$1.1m$1.1mAs charted
Revenue$7.7m$9.0m+$1.3mReported
Operating costs (net, derived)$6.7m$7.6m−$1.0mDerived: revenue − EBITDA
FY2025 EBITDA$1.4m$1.4mAs charted

$1.1m +$1.3m −$1.0m = $1.4m, which equals FY2025 EBITDA of $1.4m. EBITDA is the figure stored from each statement; companies that headline an adjusted measure (EBITDAF, underlying EBITDA) can report a different number.

What changed from FY2024 to FY2025

MeasureFY2024FY2025ChangeChange %
Revenue$7.7m$9.0m+$1.3m+16.6%
EBITDA$1.1m$1.4m+$288k+27.1%
Net profit$1.2m$681k−$551k−44.7%
EBITDA margin13.8%15.0%+1.2 pts—
Net margin16.0%7.6%−8.4 pts—

Both years passed the same checks. Margins are shares of revenue; their change is in percentage points. n/m = not meaningful (prior-year figure at or below zero). Each year holds the figures from its own annual report; restated comparatives are not applied.

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (2 of 10 years from FY2017). The shaded line is the median of 6 other listed Information Technology operating companies, using each one’s same financial year where it passed the checks; the number of companies in each median is in the table. Gaps are years that were not charted.

EBITDA margin
PYS ebitda margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY26FY2017: not charted — not from annual reportFY2018: not charted — no EBITDA/EBIT splitFY2019: not charted — operating lossFY2020: not charted — operating lossFY2021: not charted — operating lossFY2022: not charted — operating lossFY2023: not charted — operating lossFY2024: PYS 13.8%; peer median 12.7% (2)FY2025: PYS 15.0%; peer median 14.6% (2)FY2026: not charted — no EBITDA/EBIT split
EBIT margin
PYS ebit margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY26FY2017: not charted — not from annual reportFY2018: not charted — no EBITDA/EBIT splitFY2019: not charted — operating lossFY2020: not charted — operating lossFY2021: not charted — operating lossFY2022: not charted — operating lossFY2023: not charted — operating lossFY2024: PYS 5.4%; peer median 4.0% (2)FY2025: PYS 5.9%; peer median 6.0% (2)FY2026: not charted — no EBITDA/EBIT split
Net margin
PYS net margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY26FY2017: not charted — not from annual reportFY2018: not charted — no EBITDA/EBIT splitFY2019: not charted — operating lossFY2020: not charted — operating lossFY2021: not charted — operating lossFY2022: not charted — operating lossFY2023: not charted — operating lossFY2024: PYS 16.0%; peer median 2.0% (2)FY2025: PYS 7.6%; peer median 5.3% (2)FY2026: not charted — no EBITDA/EBIT split

PYS   peer median   below the axis: year not charted (reason in the table). All panels share one scale.

PYS margins by year with peer medians
YearEBITDA margin: PYS · peer median (n)EBIT margin: PYS · peer median (n)Net margin: PYS · peer median (n)Note
FY2017—27.6% (2)—23.3% (2)—12.5% (2)Not charted: not from annual report
FY2018—15.7% (2)—13.3% (2)—5.8% (2)Not charted: no EBITDA/EBIT split
FY2019—16.6% (2)—12.3% (2)—-0.0% (2)Not charted: operating loss
FY2020—— (1)—— (1)—— (1)Not charted: operating loss
FY2021—— (1)—— (1)—— (1)Not charted: operating loss
FY2022—— (1)—— (1)—— (1)Not charted: operating loss
FY2023—— (0)—— (0)—— (0)Not charted: operating loss
FY202413.8%12.7% (2)5.4%4.0% (2)16.0%2.0% (2)
FY202515.0%14.6% (2)5.9%6.0% (2)7.6%5.3% (2)
FY2026—— (0)—— (0)—— (0)Not charted: no EBITDA/EBIT split

Peer medians use only peer-years that passed the same checks; a median of fewer than two companies is not shown. Years are grouped by financial-year label, and year-end months differ between companies.

Not yet available: where the cash goes (operating cash flow to capex, dividends and debt) and underlying versus reported earnings. The figures they need are not yet validated.

Years not charted

These years are on file but their figures did not pass the checks, so no chart is drawn for them.

  • FY2026: EBITDA is recorded but neither EBIT nor depreciation is, so the step from operating profit to net profit cannot be placed.
  • FY2023: EBITDA is -$0.1m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2022: EBITDA is -$0.7m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2021: EBITDA is -$1.4m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2020: EBITDA is -$1.8m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2019: EBITDA is -$4.2m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2018: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2017: Figures were not read from a filed annual report (source: not recorded).

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Data sourced from NZX company annual reports (income statements). Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.

For informational purposes only. Not investment advice.

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