PayPoint has seen its revenue increase by 82.7% in the year to 31 March, rising to £306.4m in this period.

The bill-paying platform also saw its underlying EBITDA jump to £81.3m, which is a 32.6% year-on-year hike, while its profit before tax hit £61.7m, an increase of 21.5%.

The results come after the firm commenced a review in H2 2024 into its organisational structure of the company, leading them to implement a number of changes from April 2024 to "deliver efficiencies to enable future reinvestment" in the business.

As a result, it said that it aims to save around £4m in the 2025 financial year.

Chief executive at PayPoint, Nick Wiles, said: “This has been another year of progress for PayPoint where we have delivered a robust financial performance and made further progress towards delivering £100m EBITDA by the end of FY26.

"These results reflect both the resilience of our businesses and the transformation delivered over the past three years as we unlock further opportunities and growth across our four business divisions."

As part of the annual results, PayPoint announced that it will launch a £20m share buyback scheme for the next 12 months, with the opportunity to extend it for two years following.

The group said that in this time, it aims to deliver on growth targets for FY25-27, while also increasing dividends by almost double in the same period.

In its outlook, PayPoint stated that although a number of its businesses remain "subdued" as a result of tighter family budgets and a "flat economy", it added that its consumer outlook will "improve during the course of the year".

Wilks added: "Against this background, our streamlined organisational structure and cost base will support the delivery of our medium-term growth plans. Strong earnings growth and cash flow generation, combined with a sustainable dividend policy provide a robust platform for the board to propose further steps to enhance shareholder returns through a share buyback programme of at least £20m over the next 12 months, all underpinned by the delivery of further progress in the current year."

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