PAX Global Announces 2026 Interim Results
Profit for the period surged 33% to USD $97.2 million
PAX Global Technology Limited (“PAX” or the “Group”, stock code: 00327.HK), a leading global provider of payment terminal solutions and related services, is pleased to announce its unaudited interim results for the six months ended 30 June 2026.
All four regions delivered growth in H1
PAX delivered solid growth in the first half of 2026, with revenue increasing 15.4% year-on-year to HK$3,135.7 million, driven by growth across all four regions and particularly strong momentum in North America. The global shift toward cashless payments and merchant digitization has accelerated payment infrastructure investment by financial institutions, payment service providers (“PSPs”) and merchants, supporting strong demand for PAX Android smart payment terminal solutions.
Meanwhile, the rapid expansion of artificial intelligence infrastructure has led to a sharp increase in memory chip prices, placing significant cost pressure across the global electronics industry. Despite these headwinds, PAX maintained a gross profit margin of 44.5% during the first half by focusing on core markets and adopting prudent pricing strategy, while also benefiting from certain components procured prior to the price hikes. Supported by revenue growth and disciplined operating expense management, profit for the period increased 32.6% to HK$518.8 million, demonstrating the resilience of PAX business model. The board of directors has resolved to declare an interim dividend of HK$0.08 per ordinary share for the six months ended 30 June 2026.
Android Solutions expand across merchant segments
As acquiring banks and PSPs increasingly position Android smart payment terminals as a strategic enabler for expanding merchant services, driving strong growth momentum for PAX Android solutions. In the first half of 2026, Android solutions accounted for 75% of Group revenue, up from 69% year-on-year, reinforcing Android as the Group’s primary growth engine.
PAX continued to deepen its Android product portfolio across retail, hospitality, self-service and transportation, while gaining traction in emerging segments including medical clinics, pharmacies, airports, theme parks, sports venues and EV charging. The flagship A920Pro maintained strong global shipment momentum, while the next-generation A920MAX entered commercial deployments in the United Kingdom, the United States and Japan. According to the Nilson Report, an international payment industry report, PAX ranked among the world’s top three electronic payment terminal providers, reflecting its leadership in the global payment terminal market.
MAXSTORE scales beyond 18 million connected devices
MAXSTORE surpassed 18 million connected devices globally as of 30 June 2026, with over 20,000 commercial applications available on the platform. MAXSTORE empowers acquiring banks and PSPs to centrally manage large-scale terminal estates, while providing their merchants a broad suite of industry-specific solutions and value-added services.
During the period, PAX expanded MAXSTORE capabilities across device lifecycle management, payment security and merchant value-added services. New functionality included digital receipts, self-service payment connectivity, P2PE encryption and automated payment testing. These capabilities help partners accelerate deployments, streamline operations and reduce integration complexity. Built on a highly scalable platform architecture with PCI DSS-compliant security, MAXSTORE continued to gain traction among acquiring banks and PSPs worldwide.
Global regional Performance
EMEA
EMEA remained the Group’s largest region during the first half of 2026, contributing HK$1,107.5 million and accounting for 35.3% of Group revenue. Sales in the United Kingdom, Italy and France all reached record high, propelled by continued payment infrastructure modernization and migration to Android ecosystems. Geopolitical tensions, however, delayed certain projects in parts of the Middle East.
PAX reinforced its leadership in Europe through its diverse Android product portfolio and the MAXSTORE ecosystem. During the period, PAX achieved large-scale deployments of the A920Pro, A8900 and A35 across multiple key markets, serving high-volume retail, hospitality and tourism segments. United Kingdom remained at the forefront of the region’s Android migration, highlighted by the successful commercial rollout of the next-generation A920MAX.
Growing Android deployments have supported wider adoption of MAXSTORE. In France, PAX also deepened partnerships with independent software vendors (“ISVs”), expanding industry-specific applications and localized value-added services, reinforcing MAXSTORE’s commercial value for acquiring banks, PSPs and merchants alike.
LACIS
Latin America returned to growth during the first half of 2026, with sales increasing 15.9% year-on-year to HK$792.9 million. In Brazil, PAX continued to deepen partnerships with channel partner and PSPs, driving steady growth in traditional payment terminal shipments and continued expansion of PAX Android terminal portfolio. However, macroeconomic uncertainty and intensifying market competition remained challenges for PAX business in Brazil.
Across other high-potential Latin American markets, the Group accelerated the rollout of Android smart payment solutions. During the period, Android product sales recorded strong growth in Mexico and Chile.
USCA
North America delivered the strongest regional growth during the period, with sales reaching HK$758.2 million, surging 52.0% year-on-year. The region accounted for 24.2% of the Group revenue and made a greater contribution to Group profitability. Sales growth was driven by accelerated deployments of Android solutions among PSPs, national retailers and QSR chains. During the period, both Android smart payment solutions and commercial EPOS delivered double-digit growth.
The 2026 FIFA World Cup also accelerated payment infrastructure upgrades across major venues and surrounding commercial facilities, creating additional demand for payment solutions. In the first half of 2026, PAX further deepened its collaboration with a leading North American payment processor, expanding deployments of Android payment solutions and commercial EPOS across sports venues, retail and hospitality segments.
PAX also strengthened its localised service capabilities through a strategic partnership with a leading cybersecurity provider, introducing local cryptographic key injection solution compliant with PCI PIN and P2PE standards to support security and compliance requirements.
Asia Pacific
PAX continued to focus on its Asia Pacific strategy on priority markets including Japan, Thailand and Singapore. Sales in the region increased by 6.2% year-on-year to HK$477.1 million.
Japan reached a significant milestone, with interim sales surpassing HK$200 million for the first time and delivering double-digit growth. Supportive government cashless initiatives and accelerating merchant digitalization, continued to drive demand for self-ordering, self-checkout, smart vending and integrated payment solutions, particularly amid ongoing structural labor shortages. Leveraging its local technical expertise and strategic synergies with PSPs, transit operators and system integrators, PAX significantly expanded deployments of Android products such as A920MAX and A8700, driving sharp increase in order volumes.
Thailand and Singapore also delivered steady growth as Android payment solutions continued to gain boarder market adoption.
Mr. Tom LUO, Chief Executive Officer of PAX, commented, “While high memory chip costs remain an industry-wide challenge, our extensive global footprint allows us to focus resources on core markets and high-quality opportunities. With a strong financial position and disciplined execution, we remain committed to delivering reliable, high-quality products and services to clients worldwide.”