Tyro reports FY20 half-year result
Sydney, 20 February 2020 – Tyro Payments Limited this morning reported its half-year results, achieving an all-time $11.1 billion high in transactions processed, record revenues of $117.3 million and a positive EBITDA1 result of $1.5 million. After taking account of the costs associated with listing on ASX on 6 December 2019, Tyro realised a statutory net loss after tax of $19.2 million and a pro forma net loss of $9.0 million2.
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1 Tyro uses EBITDA as a non-IFRS measure of business performance, which excludes the non-cash impact of share-based payments expense and expenses associated with the IPO.
2 Pro forma adjustments include the elimination of incremental costs upon becoming a publicly listed company, the elimination of certain non-recurring items of expenditure including the exercise and vesting of Liquidity Event Performance Rights triggered by the IPO and costs of the Offer expensed.