With a Key Stake in EV Charging, Nayax Posts a Comeback Year

Nayax Ltd., an Israeli processor with a fast-growing presence in the North American market, early Monday reported a profit in the December quarter, posting more than $13.2 million in net income, up from $1.6 million a year earlier. That net contributed to a total of $35.5 million for the year, reversing a $5.6 million year-ago net loss.

The company, which reports it gets 40% of its revenue from North America, may see that portion climb as it has become increasingly active in processing payments for U.S. EV charging stations, a fast-growing market.

The 20-year-old company’s performance in the quarter stems from double-digit increases for 2025 in transactions, dollar volume processed, point-of-sale devices, connected merchants, and revenue, according to the results it posted Monday.

The quarterly and full-year 2025 results also come as Nayax spent much of the past year building its business in U.S. EV charging. In its most recent gambit, it reported in January it would work with Autel Energy, an EV charger provider, to embed payment technology in an expected 100,000 chargers to be installed in both North America and Europe this year.

That deal followed by a month Nayax’s $25.9-million cash acquisition of Lynkwell, a U.S.-based technology developer for EV charging stations. Lynkwell had posted $17.1 million in revenue in 2024. That deal cemented Nayax’s position in EV charging, as it came only a few months after the Portland, Maine-based processor WEX had signed a partnership deal with Lynkwell.

That deal followed on the heels of Nayax’s State-of-Charge feature for EV Kiosk, a service that lets users pay for EV charging while capturing session details separately on a mobile device by scanning a QR code.

Fast-developing markets like EV charging are likely to become more vital for processors like Nayax that have taken an early stake, observers say. “It makes sense why North America represents such a large segment of [Nayax’s] revenue,” says Cliff Gray, proprietor Gray Consulting, in an email message. “It’s a huge market and EV is booming.”

Aside from the Lynkwell acquisition, Nayax reported it has also signed a deal with Tritium, a fast-charger manufacturer, to enable Tritium to deploy card-present payment technology throughout Tritium’s charger network, which spans more than 50 nations.

For the entirety of 2025, Nayax saw its transaction dollar volume grow by nearly one-third across all markets, to $6.45 billion. Processed transactions climbed nearly 21%, to 2.87 billion, while the number of connected POS devices reached 1.46 million, up 16%. Results for the quarter saw transaction dollar value increase by one-third, to $1.75 billion, while processed transactions grew nearly 18% to 760 million.