Strong Q1 Financial Performance
The company reported a 15% growth in adjusted EBITDA, a 260 basis point increase in margin expansion, and a 9% increase in free cash flow for Q1 2025.
High Customer Retention and New Wins
Customer retention was maintained at a high level of 96% over the last 12 months, with new wins valued at $3.2 billion, including $2.3 billion from SME customers.
Revenue and Transaction Growth
Total transaction volume increased by 4%, and total transaction value (TTV) grew by 5% to $8.3 billion. Revenue was up 4% to $621 million.
Credit Rating Upgrades
The company received two credit rating upgrades from Moody's and S&P during the quarter.
Increased Digital Transactions
81% of transactions came through digital channels, with digital bookings growing 5% year-over-year.