Westpay AB publishes Interim Report for Q3 2025: Sustained growth and expanding profitability through the SaaS transformation

Westpay’s third quarter of 2025 marks another solid step forward — characterized by continued profitable growth, a rising share of recurring revenues, and accelerating execution of the company’s SaaS strategy. Strong financial results, a scalable infrastructure, and new strategic partnerships further strengthen Westpay’s position as a leading Nordic provider of acquirer-independent payment solutions. 

Significant achievements include: 

• Continued growth and expanding profitability – Net sales +5%, EBITDA +158%, and positive earnings on both EBIT and net result levels, driven by strong operational execution and recurring revenue scalability.
• Recurring revenues at record level – 72% of total sales and ARR +11%, confirming the strength and predictability of Westpay’s SaaS-based business model. 
• Technological advancement and platform scalability – Full integration of Westpay’s payment infrastructure with Silverflow, enabling faster, more flexible acquiring connectivity and strengthening long-term competitiveness. 
• Financial position reinforced – Final payments from the directed share issue completed in Q2 were received during the quarter, further strengthening liquidity and providing headroom for continued expansion. 
• Strategic execution and partner expansion – Growing partner ecosystem across the Nordics and strong customer traction among merchants seeking secure, independent and future-ready payment solutions. 

FINANCIAL SUMMARY 

The third quarter 2025 (the third quarter 2024) 

• Net sales totalled MSEK 17,5 (16,7), a change of MSEK +0,8 / +5 
• EBITDA was MSEK 4,1 (1,6), a change of MSEK +2,5 / +158 % 
• EBIT was MSEK 1,8 (-0,8), a change of MSEK +2,6 
• Net earnings were MSEK 1,6 (-1,4), a change of MSEK +3,0 
• Net earnings per share amounted to SEK 0,02 (-0,02), a change of SEK +0,04 
• ARR amounted to MSEK 50,5 (45,3), a change of MSEK +5,2 / + 11 % 
• Recurring revenues made up 72% (68) of net sales 

January-September 2025 (January- September 2024) 

• Net sales totalled MSEK 53,1 (47,5), a change of MSEK +5,6 / +12 % 
• EBITDA was MSEK 9,5 (2,7), a change of MSEK +6,8 / +258 % 
• EBIT was MSEK 2,3 (-4,2), a change of MSEK +6,5 
• Net earnings were MSEK 2,4 (-6,4), a change of MSEK +8,8 
• Net earnings per share amounted to SEK 0,03 (-0,08), a change of SEK +0,11 
• Recurring revenues made up 69% (66) of net sales