Westpay Reports Strong Q2 2025 Growth and Profitability
Westpay's Q2 2025 results show significant revenue and profitability growth.
Key Points
- • Net revenue for Q2 2025 reached 17.8 million SEK, up 20% YoY.
- • EBITDA improved to 2.6 million SEK, a turnaround from a loss of 0.7 million SEK.
- • Operating profit rose to 0.2 million SEK from a loss of 2.1 million SEK.
- • Annual recurring revenue increased to 49.7 million SEK, up from 41.3 million SEK.
Fintech company Westpay has posted significant growth in its financial results for the second quarter of 2025, showcasing improved revenue and a return to profitability. According to reports published on August 22, 2025, Westpay's net revenue reached 17.8 million SEK, reflecting a 20% increase from 14.8 million SEK in the same quarter of the previous year.
The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed considerable improvement, rising to 2.6 million SEK from a loss of 0.7 million SEK a year earlier. Operating profit (EBIT) transformed into a gain of 0.2 million SEK, as opposed to a loss of 2.1 million SEK in Q2 2024.
Additionally, annual recurring revenue was reported at 49.7 million SEK—up from 41.3 million SEK—indicating strong growth momentum for Westpay's subscription-based services. These results illustrate Westpay's solid performance amid a competitive fintech landscape, underlining its efforts to expand market share in payment solutions.