EML Payments (ASX:EML) reported a 12% increase in revenue to AU$48.8 million in the first quarter of 2025, compared to AU$43.5 million in the same period the previous year, according to a Tuesday filing with the Australian bourse.

The company's underlying earnings before interest, taxes, depreciation, and, amortization (EBITDA) jumped 46%, rising to AU$11.6 million from AU$7.1 million a year ago, the filing said.

Gross debit volume rose 7% to AU$5.86 billion from AU$5.45 billion year on year, the filing added.

The payments company also affirmed its underlying EBITDA forecast for 2025 between AU$54 million to AU$60 million.

For 2026-2028, the company expects a compound annual growth rate (CAGR) of 10%-12% for transaction revenue growth, the filing added.

EML Payments expects its 2028 EBITDA to be around AU$95 million and targets about AU$0.13 in earnings per share.

The company's shares rose almost 24% in recent Tuesday trade.