For personal use only
ANNUAL REPORT 2022
For personal use only
Welcome to Smartpay's annual report for the year ending 31st March 2022
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Smartpay designs, develops and implements innovative payment solutions for customers in New Zealand and Australia. Smartpay offers a variety of advanced payment solutions for retail, business payment and transactional processing requirements.
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Purpose, | Board of | Governance | |||
Values & | Directors | ||||
Strategic Goal |
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Management Team
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Financial Statements
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Audit | Statutory | Security Holder | Directory |
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Chairman's onlyReport
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We remain committed | |
to deliver shareholder | |
" | |
value by adhering to | |
our core principles, | |
our key strategic | |
priorities and by | |
staying very focused | |
personalon achieving the | |
objectives we have set | |
for ourselves. | |
For | " |
We can only describe this as another very good year for Smartpay, considering the difficult trading conditions for businesses in Australia and New Zealand. The financial results have seen a substantial increase in both revenue and EBITDA, and we have seen an overall excellent financial performance for the full year. The New Zealand terminal business remains very stable while in Australia our ongoing terminal expansion provides significant medium to long term growth potential.
We remain acutely aware of the challenging environment in which we have operated over the past year and are very cognisant that economic recovery will continue to have its challenges. We remain committed to deliver shareholder value by adhering to our core principles, our key strategic priorities and by staying very focused on achieving the objectives we have set for ourselves.
A genuinely innovative approach has meant
that Smartpay continues to stay at the front of the payments industry, which is a fast-moving and dynamic business sector. Early success has already been achieved in Australia and Smartpay continues to develop product and solutions which we are confident will continue to fuel this growth. Of course, innovation cannot happen unless the right people are engaged throughout the organisation. Our highly motivated team has very deep knowledge of, and experience
in, the payments industry. Quite simply, our people are a huge factor contributing to the reason that the company performs to the level that it does.
Our customer offerings and operation focuses largely on smaller and medium size enterprises. This provides a mitigant to concentration risk which has served us well through the challenges associated to COVID-19 over the last two financial years. Couple this with innovative products and an identifiable, addressable market and the future certainly does look exciting.
Smartpay | Annual Report 2022 | 3 |
only | "Couple this with innovative products and an |
identifiable, addressable market and the future | |
certainly does look exciting." | |
At board level and as was recently announced, Australian director William Pulver has announced his resignation from
the board. William joined us some six months prior to the | |
pandemic hitting Australia and New Zealand and through | |
usehis commercial skill and acumen, has provided valuable | |
support and guidance to the board and to management. | |
We are fortunate to have gained the services of Sydney | |
based Director Geoff Carrick whose broad commercial | |
experience and specific expertise in the capital markets will | |
be invaluable moving forward. We remain very committed | |
to ongoing succession planning and are looking to further | |
bolster the boards capability in the near future. | |
As always, I acknowledge my fellow board members | |
for their ongoing support and contribution and I want to | |
thank the Smartpay management team and staff for their | |
endeavour, they have been outstanding. My sincere thanks | |
also to our customers and to our shareholders, for your | |
commitment and support again this year. | |
Hopefully, we will continue to reward you all | |
with continued growth and value in Smartpay | |
throughout the next year and beyond. | |
personalFor |
Gregor Barclay
Chairman
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Smartpay Holdings Ltd. published this content on 30 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2022 12:58:11 UTC.