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Smartpay's annual profit flat on $1m cyber security expense

Dual-listed fintech's revenue grew 24% in FY24 as it enters the NZ market as an 'acquirer' in FY25.

Smartpay provides payment terminals in Australia and New Zealand.

Will Mace Mon, 27 May 2024
Key points
  • Revenue: Up 24% to $96.5m.
  • Profit: Largely unchanged - down just $52,000 to $8.4m.
  • Key takeaway: Cyber incident costs behind it, Smartpay is about to ramp up an 'acquirer' role in New Zealand.

Smartpay Holdings has reported flat profit growth for the year, with its net profit after tax dropping about $52,000 to $8.4 million after booking nearly $1 million in expenses relating to a previously disclosed "cyber incident".

The NZX and ASX-listed electronic payment terminal provider disclosed

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Will Mace Mon, 27 May 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: Up 24% to $96.5m.
  • Profit: Largely unchanged - down just $52,000 to $8.4m.
  • Key takeaway: Cyber incident costs behind it, Smartpay is about to ramp up an 'acquirer' role in New Zealand.
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Smartpay's annual profit flat on $1m cyber security expense
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