Nayax Ltd.

Hello, everybody, and welcome to NIAC's third quarter 2025 earnings conference call. All participants are in a listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. As a reminder, this conference is being recorded. I would now like to turn the call over to Mr. Aaron Greenberg. Please go ahead, Aaron.

Thank you, Operator, and everyone for joining us today on this conference call. With me on the call today are Yair Nechmad, NIACS co-founder and chief executive officer, and Sageet Manoor, chief financial officer. Following management's prepared remarks, we will open the call for the question and answer session. Our press release and supplementary investor presentation are available on our investor relations website at ir.niacs.com. As a reminder, during this call, we will be making forward-looking statements. All forward-looking statements on our call today are based on assumptions and therefore subject to risks and uncertainties that may cause results to differ materially from those projected. We have no obligation to update these statements except as required by law. You can read about these risks and uncertainties in our supplementary investor presentation released earlier today and our regulatory filings. In addition, today's call will include a discussion of non-IFRS measures. Management believes non-IFRS results are useful in order to enhance our understanding of our ongoing performance. However, these measures should be considered as a supplement to and not as a substitute for IFRS financial measures. A reconciliation between IX's non-IFRS to IFRS measures can be found in our earnings press release issued earlier today. All key performance indicators are intended to evaluate our business and properly measure factors in a macroeconomic environment to guide and support our decision making. These key performance indicators may be circulated in a manner different from our industry standards. And finally, please note that all figures in today's call will be reported in U.S. dollars unless stated otherwise. Yair will start the call with key financial and operational highlights. Following that, Tagit will go through the details of financial results and discuss the outlook. And with that, I would like to turn the call over to NAICS' CEO, Yair Nekhmad. Yair?

Thank you, Aaron, and thank you, everyone, for joining us this morning to discuss our results for the third quarter and the progress we are making across the business. It was another strong quarter for Knives, reflecting the continuing execution of our strategy and our focus on profitable growth. We delivered strong operational and financial results highlighted by expanding margin, disciplined growth across our segments, and consistent progress towards our long-term objectives. We continue to gain market share across our core automated self-service business with strong demand for our solution. We are adding new customers at scale while deepening relationship with existing ones. Our one-stop shop solution hardware management suite and payments all from one trusted provider is a true differentiator for our customers in the automated self-service space and one that few others can offer. Our platform continues to demonstrate its value and stickiness with very low customer churn. Customers are expanding their engagement with NIAX by adding more devices, processing more transactions, and adopting more of our services over time. As a result, we are seeing a steady increase in our output, driven by processing revenue growth per connected device. This reflects our growing share in high transaction value verticals such as EV charging, amusement, and car wash, which are segments that drive significantly more revenue per customer. Recruiting revenue as a percentage of total revenue continues to grow quarter over quarter. This sustained mix shift reflects our focus on building a more predictable, higher margin revenue model that scales efficiently as our customer base grows. Our growth in managing connected devices is a key driver of growth as we continue to expand our product portfolio with our diverse payment hardware, including lower-cost embedded products. I will now provide an update on three main focus areas, technology, customer and partnership, and M&A. On the technology front, we made great progress during the third quarter on several key technology initiatives. In Australia, we began rolling out the BPOS Media making the first commercial deployment of our next-generation Android payment platform. This is a meaningful step for us. The new device is our first truly Android-based, PIN-enabled device family, and it opened the door to a wider set of vertical and higher-value use cases in regions that require PIN. The product combined our payment infrastructure with new engagement capabilities, including touch screen interface and support loyalty advertising information promotional tool. We started our initial launch of the VPOS media in the UK and selective countries in the EU in Europe over the past month and plan more announcement about the product soon. In addition to announcement to large partnership with hotel and link will, we continue to build momentum with the uno mini our embedded payment product in China, Six OEM partners completed their Uno Mini SDK certification, which now allows them to support NAV contactless payment across EV charging station and power bank machines. We have a strong pipeline of OEM that are going through the certification process and expect sales in embedded product to scale over the coming quarters. Finally, with respect to technology initiative, RetailPro has successfully integrated with OneBits AI-powered inventory optimization engine. This integration lends RetailPo's operational tool with predictive AI analytics from OneBits, helping merchants utilize the RetailPo software to cut overstock and stay ahead of evolving customer demand pattern. Turning to customers and partnerships. A key customer highlight this quarter is our success with ChartSmart, a U.S. charge point operator managing thousands of ports and growing rapidly in the DC fast charging space, which has committed to using knives as its preferred payment solution. ChargeSmart is one of the fastest-growing EV charging networks in the United States, underscoring how our payment technology continues to power growth in the electric vehicle charging vertical. Our platform enables large operators like ChartSmart to simplify daily operation from payout and reconciliation to payment acceptance, allowing them to focus on growing their network. Our collaboration with Adyen continues to evolve as we jointly develop solutions in e-commerce and embedded banking. For example, we began pilot of our new e-commerce offering for EV charging in October and already have a backlog ahead of a broader rollout. In parallel, we are preparing to launch our embedded banking product in the U.S. in early 2026, including bank accounts and debit cards for our customers. This initiative brings us closer to our vision of being an end-to-end provider for our customers' business needs. We expect this initiative to drive higher recurring revenue per customer over time. On the M&A front, we remain active with discipline approach. We continue to pursue acquisition that align with our key objective of geographic expansion, technology enhancement, and strategic consolidation of distribution channels. Recently, we signed a letter of intent with exclusivity to acquire Integral Vending, our exclusive distribution partner in Mexico since 2015. Degas Vending has built a high-performing network across Mexico and developed a proprietary vending management system tailored for the Latin American market. This acquisition will deepen our presence in the region, expand our software capabilities, and strengthen our ability to deliver a full suite of payment and management solutions across Latin America. It follows Our recent two acquisitions in Brazil represent the next step of our multi-year strategy to establish NAICS as the leading platform across the region. While we do not expect a material financial contribution in 2025, we believe this deal will create long-term strategic value in 2026 and beyond as we expand operation and distribution in Spanish and Portuguese speaking markets. In November, we also completed the purchase of the remaining shares of TGAPO, bringing us to a full ownership of our arcade gaming business. TGAPO continues to deliver impressive growth and represent a highly scalable opportunity globally. Within the broader NIAX ecosystem, TGAPO will benefit from our customer network and international footprint. As an update to the NIAX capital purchase in Q2, We have successfully integrated it fully within our broader embedded payment initiative under consolidation team. In July, we launched our rental business in Australia, and we are rapidly growing our install base of both rental units and finance hardware. NYX Capital allow us to provide fully automated process of ordering the hardware, financing it, onboarding to NYX Core, and increasing, including the ability to automatically secure the financing against the gross processing receipt. This strategy produces a higher gross margin in the long term than selling the hardware outright. And the low-touch sales cycle will create substantial operational leverage in the coming years. Turning now to guidance for the full yield, which Sagit will also discuss in greater detail. At the beginning of the year, we set a target of revenue growth of 30% to 35% for 2025, including inorganic growth from acquisition. While multiple plan transactions have been delayed, we have maintained strategic discipline and refrain from pursuing deals at any cost. Our M&A pipeline remains active, focused on opportunities that enhance our technology, customer base, and long-term profitability. We are reiterating our organic revenue growth guidance of at least 25%, which will be driven by enterprise hardware sales in the fourth quarter and maintain our strong recurring revenue growth. Enterprise sales accelerate in the third quarter, and we expect further momentum in the fourth quarter. Our hardware sales pipeline remains robust, and we are well positioned to capture larger enterprise opportunities that align with our solutions and scales. Looking ahead, we remain confident in our strategy and the fundamentals of our business. Our growing base of connected device, recurring revenue, strong customer retention, and disciplined focus on profitability position us well for sustained growth. Our addressable market continues to expand as the world moves further towards digital payment and connected commerce. While M&A continue to play an important role, organic growth remain the primary driver and the foundation of our business. We've entered the fourth quarter with strong momentum and even greater conviction in the long-term opportunities ahead. With our expanding pipeline, diversified revenue base, and strong financial discipline, we are well positioned to continue outperforming the border part payment industry and deliver lasting value to our customer, partner, and shareholders. With that, I'll turn it over to our CFO, Sagit Manor, who will review our financial results in greater detail and walk through our outlook. Sagit?