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NZX-listed payroll software provider PaySauce has reported its second consecutive annual profit before tax, up $270,000 on last year, to $460,000. The company’s after-tax profit dipped $550,000 to $680,000, due in part to $320,000 recognised as a deferred tax asset for prior losses carried forward. Earnings before tax, depreciation and amortisation (ebtda) grew $290,000 to $1.35 million, as total operating revenue rose 17% to $9m, from $7.7m in the prior year. Total customer numbers were up 11% at year-end compared with March 2024. Processing fee income was up 18% due to the increase in customers and average fee per user. Interest income grew just 6% due to easing wholesale interest rates over the year, particularly in the fourth quarter ending in March. Average revenue per user fell 5% to $86 at the end of the period, with the increase in processing fee income diluted by the fall in interest rate income.
Napier Port will add a special dividend of 2.5 cents to its half-year payment of 4c to shareholders, up from the 3c paid last year. The NZX-listed port upped net profit after tax by 40.8% to $20.2 million for the six months to March, from $14.3m for the comparable period, after banking the final insurance settlement of $7.5m for damage from Cyclone Gabrielle. Container volumes also improved by 13.9% on Pan Pac's return to full pulp and paper operations, as well as an earlier apple picking season and increased transhipment activity, the port said. Chief executive Todd Dawson said the port expected to sustain healthy volumes and earnings on the back of continued strong food and fibre export demand, with the underlying result from operations now forecast to be in a range between $59m and $63m, assuming a "continuation of current operating conditions". The payment of the interim and special dividends will be on June 26, to those shareholders registered on June 13.