Edison Investment Research - EML Payments (EML) EML Payments - Sale of Sentenial agreed

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Edison Investment Research

Richard Williamson

EML Payments - Sale of Sentenial agreed

EML Payments has agreed to sell Sentenial to GoCardless for an enterprise value of €32.75m/A$54.1m. As Sentenial is currently loss-making, the disposal will be earnings and cashflow accretive to EML in year one. Proceeds from the sale will be used to reduce debt and strengthen EML’s balance sheet. This disposal combined with the liquidation of PFS Card Services Ireland (PCSIL) leaves EML as a more focused group specialising in prepaid cards, with all remaining businesses profitable and cash generating.

18/03/2024 1 EN

Underlying

EML Payments

EML Payments is engaged in the exploration for and development of economic deposits of gold and other minerals. Co. operates predominantly in Australia.

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AU000000EML7 Australian Securities Exchange Australia

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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EML Payments - Sale of Sentenial agreed

EML Payments - Growth cap lifted in the UK

EML Payments - Cutting the final link to PFS vendors

AUSTRIACARD - Acquiring data analytics expertise

Brighton Pier Group - Sweating the assets

Borussia Dortmund - London calling

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