Cuscal Limited reported a 49% increase in statutory net profit after tax to $42.7 million for FY26, though this headline figure reflects a substantial contribution from two acquisitions completed during the year. Underlying net profit after tax, which excludes acquisition and integration costs, grew 20% to $46.2 million, providing a clearer view of operational performance.
The company acquired Indue Limited on 1 December 2025 and Paymark Limited on 29 May 2026, expanding its payments capabilities across Australia and New Zealand. These businesses contributed $34.8 million and $5.2 million respectively to net operating income during FY26. The acquisitions represent a material expansion of Cuscal’s scale, though synergy realisation during FY27 will be the critical focus for investors.
Beyond the acquisitions, Cuscal’s core business demonstrated resilience with underlying net operating income reaching $347.7 million, up 20% year on year. Transaction volume growth of 12% reflects both the new acquisitions and continued expansion across the company’s core payments capabilities. Management has maintained disciplined cost control, which supported margin performance across the reporting period.
The company maintained a robust capital adequacy position, enabling a final dividend of 7.0 cents per share, bringing the full year dividend to 11.5 cents. This represents a solid return to shareholders while preserving sufficient capital to integrate the recent acquisitions and fund future growth initiatives.
Looking forward, Cuscal has guided for mid-twenties percentage growth in both transaction volumes and underlying net profit after tax for FY27, with synergies from the Indue integration expected to support this performance. Key focus areas will be successful integration of the acquisitions, realisation of anticipated synergies, and expansion into new client segments and markets. The execution of these integration strategies during FY27 will be critical for investors assessing whether the acquisitions create sustainable value. This announcement is classified as price sensitive and has been flagged as material by the ASX.
View the full ASX announcement (PDF)
About Cuscal Limited (ASX: CCL)
Cuscal Limited is an Australian financial services company that provides payment and regulated data services to banks, payment service providers, and financial institutions. The company operates a comprehensive suite of payment solutions including real-time payments, card issuing and acquiring, direct entry processing, BPAY services, and consumer data right solutions. Founded in 1977 and headquartered in Sydney, Australia, Cuscal operates as an authorized deposit-taking institution.
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