Annual revenues, profits jump at Eurowag

(Sharecast News) - Freight and road payments processor WAG Payment Solutions forecast further growth on Wednesday, after annual earnings motored ahead. The London-listed firm, known as Eurowag, acknowledged that the macroeconomic and geopolitical environment had been "challenging" in the year to December end. It also spent much of the year focused on rolling out a new digital platform.

However, despite that total net revenue rose 12.9% to €330.1m, driven predominantly by strong growth in its payment solutions division. Revenues at the unit jumped 20.1% to €200.4m, and by 3.3% in mobility solutions, to €129.7m.

Adjusted earnings before interest, tax, depreciation and amortisation rose 8.5% to €132.1m. Pre-tax profits were 62.4% higher at €19m.

Martin Vohanka, founder and chief executive, called 2025 a "defining year" for the Czech business, which listed in London in 2021.

He said: "After years of disciplined investment and execution, we brought to life our most ambitious project: Eurowag Office, our end-to-end digital platform, is now live. This is a major strategic milestone for the group, that strengthens our position as the commercial road transport industry's digital operation partner."

Around 35% of customers were already using the platform, Vohanka noted. "Continuing to ensure a smooth customer migration experience is a strategic priority for this year.

"We remain confident in our ability to deliver in line with market expectations for 2026, as we transition to build to scale."

The company is forecasting low double-digit net revenue growth for the current year.

The stock had put on 3% at 101.5p as trading opened in London.

See latest RNS on Investegate