PAX Global Technology Limited (stock code: 00327.HK), a global leader in payment terminal solutions, announced its financial results for the year ended December 31, 2024, reporting total revenue of US$777.9 million.

This slight year-over-year decrease reflects a strategic recalibration and the company’s resilience in a challenging global economic environment. The Group has maintained a strong focus on innovation, launching new smart payment terminals such as the portable A8900 and A99 models, together with the IM25 self-service terminal. Its portfolio also includes the A920 MAX 5G, an industry pioneer with 5G connectivity designed to meet growing demand, as well as the refreshed A77.

EMEA Region Performance

PAX strengthened its leadership in EMEA (Europe, the Middle East, and Africa), generating revenue of US$283.4 million, the largest contribution to the company’s global revenue. This success was driven by the broad adoption of the iconic A920Pro smart payment terminal, recognized for its elegance and functionality, which has become a standard across most EMEA markets.

The company has achieved significant progress in key European markets such as the United Kingdom, Italy, France, and Greece, delivering advanced payment solutions together with the industry-leading MAXSTORE device management platform and its app marketplace, tailored to sectors including retail, hospitality, transportation, and sports venues. However, demand in some countries, such as Germany and Spain, has shown some volatility.

In the Middle East, PAX’s strategic expansion efforts have delivered results, with notable revenue growth, especially in GCC (Gulf Cooperation Council) countries, where Saudi Arabia and the United Arab Emirates are key markets.

In Africa, PAX is expanding its presence in WAEMU (West African Economic and Monetary Union) and South Africa, where more and more customers are adopting the portable A920Pro models and the A35 multi-lane retail payment terminal.

2024 Financial Summary

Revenue: PAX reported global revenue of US$777.9 million, with EMEA as the leading contributor, accounting for 36% of the total. It was followed by LACIS at 31%, APAC at 18%, and USCA at 15%.

Profitability: The company achieved profit of US$92.7 million, maintaining a solid net profit margin of 11.9%.

Strong Cash Flow Reinforcing Stability: Net cash generated from operating activities reached US$149.6 million in 2024, underscoring PAX Technology’s strong liquidity generation capacity and financial strength. This supports its long-term market presence and reliability as a provider, giving customers confidence in its ongoing commitment and operational stability.

Dividend: The board proposed a final dividend of HKD 0.25 per share, reflecting its commitment to shareholders without compromising the company’s financial health.

Reinvestment in Innovation: PAX allocated 11.3% of its revenue to research and development, reinforcing its leadership in payment solutions and its commitment to pioneering technologies.

Innovation and Customer Value

In line with its commitment to innovation, PAX Technology’s SaaS solutions delivered strong growth, with revenue increasing 30.5% year over year. The MAXSTORE platform, which already supports more than 14 million payment terminals across over 300 authorized markets and 100 countries, provides access to more than 14,000 applications and services, improving operational efficiency for customers worldwide.

PAX remains focused on expanding into new markets, enriching its product portfolio, and delivering exceptional value to customers and shareholders.

To read the full official statement, click here.

About PAX Global Technology Limited

PAX Global Technology Limited (Stock Code: 00327.HK) is a leading global provider of electronic payment terminal solutions. As one of the fastest-growing providers in the industry, PAX has advanced manufacturing facilities, strong R&D capabilities, and a global network of business partners. The company has deployed 100 million payment terminals in more than 120 countries.