PaySauce, a SaaS fintech platform providing solutions for people at work in 14 jurisdictions across the Asia-Pacific region, has reported its second consecutive year of positive, and strongly growing operating earnings. The company has strengthened its position as the preferred provider of payroll services to New Zealand’s micro businesses.
Strategic Achievements
PaySauce has made several key strategic achievements, including:
- Diversifying its customer base into the trades and construction verticals
- Further success in building relationships with accounting partners
- Significant progress towards a unified multi-jurisdictional payroll product that leverages the full capability of the new Gen 2.0 payroll engine
The company has also reported significant growth in its operating revenue, processing fee income, and EBITDA, with an increase in customer numbers and an increase in the average processing fee per user.
Financial Highlights
The company’s operating revenue rose 17% to $9.0m from $7.7m in the prior year. The processing fee income rose by 18% to $6.3m, while the EBITDA rose to $1.35m, up $0.29m from the prior year. The company’s net profit before tax was $0.46m, an increase of $0.27m from the prior year, while the net profit after tax was $0.68m, down $0.55m from the prior year.
Customer Metrics
PaySauce has continued to improve its key customer metrics, including a reduction in monthly churn to 0.99% per month, and an improvement in the gross margin percentage from 77% to 78%. The company has also seen an increase in customer lifetime value (LTV) to $6,700 per customer, resulting in an increase in the total customer lifetime value of 28% to $55.3m as at 31 March 2025.
Outlook
Asantha Wijeyeratne, CEO and Co-Founder, said: “Our long-term success, and the driver of growing shareholder value, is linked to driving customer growth. Delivering these customers the two things they expect from us – peace of mind with easy pay runs and more time to run their business will allow us to continue to grow.”
Wijeyeratne also mentioned the company’s plans to expand into Australia, which he believes will provide a significant opportunity for growth.
Appendices
The company’s FY2025 Annual Report and Financial Statements, including the NZX Template for Results Announcement to the Market, are available on the company’s website. PaySauce will host an Investor and Media conference call today to discuss the full year result. The conference call is scheduled to begin at 10.00 am NZDT. Investors and media are invited to attend the conference call, and can register their interest by emailing investor@paysauce.com before 9am to receive the conference call link.
โWeโve continued to deliver strong growth and profitability whilst investing in the companyโs future, with increased spend into research and development activity as we stride closer to the completion of the unified multi-jurisdictional payroll product that will accelerate customer and revenue growth.โ – Chair Shelley Ruha
โAs I look back on the 2025 financial year three strategic achievements stand out. Firstly, our success in diversifying our business away from the core dairy industry vertical into the trades and construction verticals. Secondly, our success in building relationships with accountants all around New Zealand, a key source of customer referrals. And finally, the progress we have made towards a uni๏ฌed multi-jurisdictional payroll product that leverages the full capability of our new Gen 2.0 payroll engine.โ – CEO and Co-Founder Asantha Wijeyeratne
PaySauce FY2025 Financial Performance
| Financial Metric | Actual | Year-over-Year Change |
|---|---|---|
| Operating Revenue | $9.0m | 17% |
| Processing Fee Income | $6.3m | 18% |
| EBITDA | $1.35m | 29% |
| Net Profit Before Tax | $0.46m | 143% |
| Net Profit After Tax | $0.68m | -59% |
Key Customer Metrics
- Monthly Churn: 0.99% per month
- Gross Margin Percentage: 78%
- Customer Lifetime Value: $6,700 per customer
- Total Customer Lifetime Value: $55.3m
Outlook
The company is optimistic about its future growth prospects, with plans to expand into Australia and deliver a unified multi-jurisdictional payroll product. CEO and Co-Founder Asantha Wijeyeratne said: “Our long-term success, and the driver of growing shareholder value, is linked to driving customer growth.