Tyro Payments turns in bumper half-year results

  • February 22, 2021 03:01 PM AEDT
  • Kunal Sawhney
    CEO Kunal Sawhney
    2781 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

Tyro Payments turns in bumper half-year results

Source: Shutterstock


  • Fintech firm Tyro Payments recorded a strong half-year performance during 1HFY21, with AUD12.1 billion worth of transactions during the period.
  • Tyro’s e-commerce growth was phenomenal at 376% with AUD14.8 million worth of transactions bring processed.
  • The announcement led to Tyro trading 6.6% higher in the stock market at a price of AUD2.93 per share.
Gold MTF non-AMP

Financial technology firm Tyro Payments on Monday released the half-year results for FY21. Revealing strong numbers for the given period, the announcement triggered a 6.6% uptick in Tyro Payments’ stock price.

Remarkably, Tyro set a record, having clocked AUD12.1 billion in transactions during the first half of FY21. The company also exhibited 16% higher transactions for the month of February (till 19th February 2021). Transaction value for February (year-to-date) remained 10% high at AUD15.434 billion compared to the previous corresponding period (pcp) at AUD14.015 billion.

The announcement led to Tyro Payments trading higher in the stock market at AUD2.93 per share. This is significantly higher than its share price of AUD2.54 a month back. However, the current price is much lower than Tyro’s October high of AUD4.29 per share.

Other Financial Results

The company reported a record AUD12.1 billion in transactions for the half-year period, up 10% over pcp. The company recorded gross profit of AUD61.2 million for the half-year period alongside a record EBITDA of AUD8.5 million for the period. The company’s net loss after tax declined 82% to reach AUD3.4 million.

During these 6 months, Tyro saw over 36K merchants choosing the company as their merchant provider. This was a 13% increase over the previous year’s corresponding half-year period. The total merchant deposits with the company were reported to be AUD104 million as of 31st December 2020.

The transaction growth drove record payments gross profit of AUD54.3 million, higher from previous corresponding period by 16%.

The company’s balance sheet also remained strong with AUD165 million recorded in total capital as well as a capital ratio of 143%.

Factors at Play

The firm’s ecommerce business saw a staggering growth of 376% with AUD14.8 million worth of transactions being processed during the half year period. The same figure for the half year period of FY20 was only AUD3.1 million, pointing to the strength of digital services observed over the last one year.

The Tyro and Bendigo bank alliance has also worked well in the company’s favour. Additionally, the firm’s Tyro Connect initiative gained traction during the half-year period.

Tyro’s merchants engaged in the hospitality, health and retail sectors saw a slowdown in business due to unpredictable lockdowns in the country. Tyro remained focused on actions and initiatives designed to assist its merchants in navigating the impacts of the pandemic.

The telehealth payment solution also grew by 86%, with AUD178.6 million worth of transactions being processed during the half year period ending 31st December 2020.



The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK