NAYAX LTD., 20-F filed on 3/9/2026
Annual and Transition Report (foreign private issuer)
v3.25.4
Document and Entity Information
 12 Months Ended
Dec. 31, 2025
shares
Entity Addresses [Line Items]  
Entity Registrant Name NAYAX LTD.
Entity Central Index Key 0001901279
Document Type 20-F
Document Period End Date Dec. 31, 2025
Amendment Flag false
Current Fiscal Year End Date --12-31
Entity a Well-known Seasoned Issuer No
Entity's Reporting Status Current Yes
Entity a Voluntary Filer No
Entity Filer Category Large Accelerated Filer
Auditor Attestation Flag false
Entity Emerging Growth Company false
Entity Shell Company false
Entity Common Stock, Shares Outstanding 37,301,367
Document Fiscal Period Focus FY
Document Fiscal Year Focus 2025
Entity Incorporation State Country Code L3
Entity Interactive Data Current Yes
Document Annual Report true
Document Transition Report false
Document Shell Company Report false
Document Registration Statement false
Entity File Number 001-41491
Entity Address, Address Line One 3 Arik Einstein Street
Entity Address, Address Line Two Bldg. B, 1st Floor
Entity Address, City or Town Herzliya
Entity Address, Country IL
Entity Address, Postal Zip Code 4659071
Title of 12(b) Security Ordinary shares
Trading Symbol NYAX
Security Exchange Name NASDAQ
Document Accounting Standard International Financial Reporting Standards
Auditor Name Kesselman & Kesselman
Auditor Location Tel Aviv, Israel
Auditor Firm ID 1309
Document Financial Statement Error Correction [Flag] false
Auditor Opinion [Text Block]
Opinions on the Financial Statements and Internal Control over Financial Reporting
 
We have audited the accompanying consolidated balance sheets of Nayax Ltd. and its subsidiaries (the “Company”) as of December 31, 2025 and 2024, and the related consolidated statements of profit or loss, comprehensive income (loss), changes in equity and cash flows for each of the three years in the period ended December 31, 2025, including the related notes (collectively referred to as the “consolidated financial statements”). We also have audited the Company’s internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
 
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025 in conformity with IFRS Accounting Standards as issued by the International Accounting Standards Board. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.
Business Contact  
Entity Addresses [Line Items]  
Contact Personnel Name Yair Nechmad
Entity Address, Address Line One 3 Arik Einstein Street
Entity Address, Address Line Two Bldg. B, 1st Floor
Entity Address, City or Town Herzliya
Entity Address, Country IL
Entity Address, Postal Zip Code 4659071
City Area Code 972
Local Phone Number 3 769380
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 319,538 $ 83,130
Restricted cash transferable to customers for processing activity 91,965 60,299
Short-term bank deposits 1,171 9,327
Receivables in respect of processing activity 47,865 45,071
Trade receivable, net 103,975 55,694
Inventory 28,594 19,768
Other current assets 27,056 14,368
Total current assets 620,164 287,657
NON-CURRENT ASSETS:    
Long-term bank deposits 211 2,155
Other long-term assets 8,596 4,253
Investment in associates 0 3,754
Right-of-use assets, net 8,911 6,292
Property and equipment, net 20,362 11,112
Goodwill and intangible assets, net 190,493 117,670
Deferred income tax assets 3,901 0
Total non-current assets 232,474 145,236
TOTAL ASSETS 852,638 432,893
CURRENT LIABILITIES:    
Short-term bank credit and short term loan 0 25,276
Current maturities of long-term bank loans 3,220 3,978
Current maturities of other long-term liabilities 5,538 1,353
Current maturities of leases liabilities 3,474 2,967
Payables in respect of processing activity 180,795 130,958
Trade payables 29,370 21,059
Other payables 52,021 33,887
Total current liabilities 274,418 219,478
NON-CURRENT LIABILITIES:    
Long-term bank loans 10,465 18,605
Other long-term liabilities 9,329 21,213
Debentures 314,064 0
Lease liabilities 6,402 4,078
Deferred income taxes 6,945 4,274
Total non-current liabilities 347,205 48,170
TOTAL LIABILITIES 621,623 267,648
Shareholders Equity:    
Share capital 9 9
Additional paid in capital 242,759 220,715
Capital reserves 7,882 7,832
Accumulated deficit (19,635) (63,311)
TOTAL EQUITY 231,015 165,245
TOTAL LIABILITIES AND EQUITY $ 852,638 $ 432,893
v3.25.4
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Revenues $ 400,433 $ 314,013 $ 235,491
Cost of revenues (207,471) (172,479) (147,198)
Gross Profit 192,962 141,534 88,293
Research and development expenses (29,959) (25,374) (21,928)
Selling, general and administrative expenses (121,307) (98,196) (70,320)
Depreciation and amortization in respect of technology and capitalized development costs (14,167) (11,566) (6,430)
Other income (expenses) 10,257 (2,023) (444)
Share of losses of equity method investees (226) (1,270) (1,555)
Operating Income (Loss) 37,560 3,105 (12,384)
Financial Income 10,672 3,408 2,493
Financial Expense (13,666) (10,897) (4,781)
Profit (loss) before taxes on income 34,566 (4,384) (14,672)
Tax benefits (expenses) 950 (1,247) (1,215)
Profit (loss) for the period $ 35,516 $ (5,631) $ (15,887)
Earnings (loss) per share attributed to shareholders of the Company:      
Basic earnings (loss) per share $ 0.96 $ (0.157) $ (0.479)
Diluted earnings (loss) per share $ 0.943 $ (0.157) $ (0.479)
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of comprehensive income [abstract]      
Profit (loss) for the period $ 35,516 $ (5,631) $ (15,887)
Items that will not be reclassified to profit or loss:      
Gain from remeasurement of liabilities (net) in respect of post-employment benefit obligations 53 215 0
Items that may be reclassified to profit or loss:      
Loss from translation of financial statements of foreign operations (421) (2,454) (170)
Gains on cash flow hedges 418 428 42
Total other comprehensive income (loss) for the period 50 (1,811) (128)
Total comprehensive income (loss) for the period $ 35,566 $ (7,442) $ (16,015)
v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Share capital
Additional paid in capital
Remeasurement of post-employment benefit obligations
Other capital reserves
Foreign currency translation reserve
Accumulated deficit
Total
Balance at Dec. 31, 2022 $ 8 $ 151,406 $ 248 $ 9,503 $ 20 $ (56,550) $ 104,635
Changes during the year;              
Profit (loss) for the period 0 0 0 0 0 (15,887) (15,887)
Other comprehensive income (loss) for the year 0 0 0 42 (170) 0 (128)
Employee options exercised and vesting of RSUs [1] 2,118 0 0 0 0 2,118
Share-based payment 0 0 0 0 0 6,852 6,852
Balance at Dec. 31, 2023 8 153,524 248 9,545 (150) (65,585) 97,590
Changes during the year;              
Profit (loss) for the period 0 0 0 0 0 (5,631) (5,631)
Other comprehensive income (loss) for the year 0 0 215 428 (2,454) 0 (1,811)
Issuance of ordinary shares 1 63,190 0 0 0 0 63,191
Employee options exercised and vesting of RSUs [1] 4,001 0 0 0 0 4,001
Share-based payment 0 0 0 0 0 7,905 7,905
Balance at Dec. 31, 2024 9 220,715 463 9,973 (2,604) (63,311) 165,245
Changes during the year;              
Profit (loss) for the period 0 0 0 0 0 35,516 35,516
Issuance of warrants, net 0 16,576 0 0 0 0 16,576
Issuance of options due acquisition 0 1,222 0 0 0 0 1,222
Other comprehensive income (loss) for the year 0 0 53 418 (421) 0 50
Employee options exercised and vesting of RSUs [1] 4,246 0 0 0 0 4,246
Share-based payment 0 0 0 0 0 8,160 8,160
Balance at Dec. 31, 2025 $ 9 $ 242,759 $ 516 $ 10,391 $ (3,025) $ (19,635) $ 231,015
[1] Presents less than 1 thousand
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net profit (loss) for the period $ 35,516 $ (5,631) $ (15,887)
Adjustments required to reflect the cash flow from operating activities (see Appendix A) 4,772 48,533 24,685
Net cash provided by operating activities 40,288 42,902 8,798
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capitalized development costs (22,766) (21,893) (15,948)
Acquisition of property and equipment (5,329) (3,081) (611)
Loans granted to related companies and others (9,447) (559) (1,432)
Decrease (Increase) in bank deposits 11,122 (7,952) (2,154)
Interest received 6,014 3,108 1,683
Investments in financial assets and other asset (6,416) (283) (195)
Proceeds from sub-lessee 22 243 155
Payments for acquisitions of subsidiaries, net of cash acquired (39,886) (14,934) (18,329)
Payment of deferred consideration and contingent liability due consideration of subsidiary acquisition (12,054) (555) 0
Net cash used in investing activities (78,740) (45,906) (36,831)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of ordinary shares 0 62,686 0
Proceeds from issue of debentures and warrants, net 306,841 0 0
Interest paid (7,223) (4,549) (2,651)
Changes in short-term bank credit and short term loan (26,000) (23,315) 39,135
Receipt of long-term bank loans 0 22,835 0
Repayment of long-term bank loans (8,689) (3,177) (998)
Repayment of long-term loans from others 0 (3,837) (3,626)
Repayment of other long-term liabilities (1,000) (1,100) (304)
Employee options exercised 4,945 3,956 2,177
Principal lease payments (3,050) (2,655) (2,182)
Net cash provided by financing activities 265,824 50,844 31,551
Increase in cash and cash equivalents 227,372 47,840 3,518
Balance of cash and cash equivalents at beginning of year 83,130 38,386 33,880
Gains (losses) from exchange differences on cash and cash equivalents 11,249 (2,688) 906
Gains (losses) from translation of cash and cash equivalents of foreign operation (2,213) (408) 82
Balance of cash and cash equivalents at end of year 319,538 83,130 38,386
Adjustments in respect of:      
Depreciation and amortization 25,487 21,370 12,505
Post-employment benefit obligations, net (68) (17) 25
Deferred taxes (5,399) (1,358) (294)
Finance expenses, net 1,775 6,570 750
Expenses in respect of long-term employee benefits 0 634 237
Income from gaining control in subsidiary (12,152) 0 0
Share of loss of equity method investee 226 1,270 1,555
Long-term deferred income 218 2,355 (85)
Expenses in respect of share-based compensation 7,305 7,187 6,027
Total adjustments 17,392 38,011 20,720
Changes in operating asset and liability items:      
Increase in restricted cash transferable to customers for processing activity (31,644) (10,441) (15,739)
Increase in receivables from processing activity (2,794) (1,810) (17,880)
Increase in trade receivables (31,733) (10,683) (12,487)
Increase in other current assets (6,677) (892) (1,073)
Decrease (Increase) in inventory (4,967) 2,069 3,239
Increase in payables in respect of processing activity 49,837 26,435 41,187
Increase in trade payables 3,952 3,361 1,189
Increase in other payables 11,406 2,483 5,529
Total changes in operating asset and liability items (12,620) 10,522 3,965
Total adjustments required to reflect the cash flow from operating activities 4,772 48,533 24,685
Appendix B – Information regarding investing and financing activities not involving cash flows:      
Purchase of property and equipment on credit 197 152 97
Recognition of right-of-use assets through lease liabilities 4,883 1,653 338
Recognition of Sub lease asset 0 0 455
Share based payments costs attributed to development activities, capitalized as intangible assets $ 855 $ 718 $ 825
v3.25.4
GENERAL
 12 Months Ended
Dec. 31, 2025
Disclosure Of General Information [Abstract]  
GENERAL
NOTE 1 - GENERAL
 
a.
Background
 
  1.
Nayax Ltd. (hereafter – the “Company”) was incorporated in January 2005. The Company provides processing and software as a service (SaaS) business operations solutions via a global platform. The Company is marketing its POS devices and SaaS solutions it develops in more than 120 countries worldwide through subsidiaries (the Company and the subsidiaries, hereafter – the “Group”) and through local distributors.
 
  2.
In August 2023, the company filed with the Israel Securities Authority a shelf prospectus (the “Shelf Prospectus”). Such Shelf Prospectus allows the Company to raise from time to time funds through the offering and sale of various securities including debt and equity, in Israel, at the discretion of the Company. In October 2023, the company filed with the SEC a Registration Statement on Form F-3 (the “Registration Statement”). Such Registration Statement allows the company to raise funds from time to time through the offering and sale of various securities including debt and equity, at the discretion of the Company. Under the Registration Statement, certain selling shareholders may also offer and sell ordinary shares from time to time in one or more offerings, but the Company is not entitled to any funds raised from such sales.
 
  3.
On March 12, 2024, the Company successfully concluded an offering of 2,600,000 ordinary shares. The net proceeds from this sale amounted to approximately $62.7 million. The costs incurred for the year ended December 31, 2024 from this sale are $506 thousand.
 
  4.
On March 11, 2025, the Company completed a public offering of 486,291 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants, at a price of NIS 1,021 per unit. The offering has generated gross proceeds of approximately NIS 496.5 million (approximately $137.1 million). The net proceeds of approximately NIS 485 million (approximately $133 million) are intended for general corporate purposes, including debt repayment and potential acquisitions. The debentures bear a fixed annual interest rate of 5.9%,with interest payable semiannually, maturing on September 30, 2030, with principal repayments in four unequal annual installments from 2027 to 2030.
 
  5.
On December 11, 2025, the Company expanded its bond series, raising approximately NIS 565.5 million (approximately $176 million) at a price of NIS 1,091 per unit, based on full allocation at the closing price. The offering comprised 518,381 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants. The net proceeds amounted to approximately NIS 558 million (approximately $173.9 million).
 
b.
War in Israel
 
In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of coordinated attacks on civilian and military targets, accompanied by extensive rocket fire on Israeli cities. Following the attacks, Israel’s security cabinet declared war against Hamas and commenced a military campaign. Since the commencement of these events, additional hostilities have occurred, including with Hezbollah in Lebanon, the Houthi movement which controls parts of Yemen, and with Iran. In October 2024, Israel began ground operations against Hezbollah in Lebanon, culminating in a 60-day ceasefire agreed between Israel and Lebanon on November 27, 2024. In January 2025, Israel and Hamas agreed to a three-phase ceasefire in Gaza, with the first six-week phase commencing on January 19, 2025.  On February 28, 2026, Israel launched a pre-emptive strike, known as “Shaagat Ha’ari” (“Lion’s Roar”), against strategic targets in Iran, carried out in coordination with the United States. This operation marked a further escalation in the regional conflict, though its direct impact on the Company’s operations remained limited. The “Swords of Iron” war and “Shaagat Ha’ari”, has significant economic and social implications in Israel. However, during the financial year ended December 31, 2025, the Company’s operations and financial performance were not materially impacted by the conflict. Management has assessed the potential risks and consequences related to the geopolitical environment and has determined that no adjustments to the financial statements or additional disclosures are necessary. The Company continues to monitor developments and remains committed to ensuring business continuity and risk management.
v3.25.4
MATERIAL ACCOUNTING POLICY INFORMATION
 12 Months Ended
Dec. 31, 2025
Disclosure Of Significant Accounting Policies [Abstract]  
MATERIAL ACCOUNTING POLICY INFORMATION
NOTE 2 - MATERIAL ACCOUNTING POLICY INFORMATION
 
a.
Basis of presentation:
 
The financial statements of the Group as of December 31, 2025 and 2024 and for each of the three years ended December 31, 2025, are in compliance with  IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”) (hereinafter “IFRS”) and were approved for issuance by the Board of Directors (the “Board”) of the Company on March 8, 2026.
 
In connection with the presentation of these financial statements, the following is stated:
 
  1)
The principal accounting policies set out below have been consistently applied to all periods presented, unless otherwise stated.
 
  2)
The preparation of financial statements in conformity with IFRS Accounting Standards requires the use of certain critical accounting estimates. It also requires the Group’s management to exercise its judgment in the process of applying the Group’s accounting policies. Areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in note 3. Actual results may differ materially from estimates and assumptions used by the Group’s management.
 
  3)
The Group’s operating cycle is 12 months.
 
b.
Consolidated financial statements
 
  1)
Subsidiaries and business combinations
 
Subsidiaries are all entities over which the Company has control. Subsidiaries are fully consolidated from the date on which control is obtained by the Company. They are deconsolidated from the date that control ceases.
 
When assessing control, the Company considers its potential voting rights, as well as such rights held by other parties to determine whether it has power over an investee. Potential voting rights are rights to obtain voting rights of an investee, such as those arising from convertible instruments or options, including forward contracts. Those potential voting rights are considered only if the rights are substantive. Business combinations are accounted for using the acquisition method.
 
Goodwill represents the excess of the acquisition consideration and the amount of non-controlling interests and acquisition-date fair value of any previous equity interest in the acquired entity over the net identifiable assets acquired and liabilities assumed.
 
Intra-group transactions and balances, including revenues, expenses and dividends in respect of transactions between Group entities were eliminated. Gains and losses on intra-group transactions that are recognized as assets (such as inventory and property and equipment) are also eliminated.
 
If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.
 
  2)
Transactions with non-controlling interests’ owners which do not result in loss of control
 
Transactions with non-controlling interests’ owners which do not result in loss of control are accounted for as transactions with shareholders. In such transactions, the difference between the fair value of any consideration paid or received and the amount in which the non-controlling interests are adjusted to reflect the changes in their proportional interest in a subsidiary are recognized directly in equity and attributed to the owners of the Company.
 
3) Associates
 
An associate is an entity over which the Group exercises significant influence, but not control. The investment in an associate is accounted for by the equity method.
 
4)

The equity method
 
According to the equity method of accounting, the investment is initially recognized at cost and its carrying amount varies such that the Group recognizes its share of the associate’s earnings or losses from acquisition date. Goodwill relating to associates is included in the investment’s carrying amount and tested for impairment as part of the entire investment.
 
The Group’s share of post-acquisition profit or loss is recognized in the statements of profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income with a corresponding adjustment to the carrying amount of the investment. When the Group’s share of losses in an associate equal or exceeds its interest in the associate (including any other unsecured long-term receivables), the Group does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.
 
The Group determines at each reporting date whether there are any indications that the investment in the associate is impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the investment (the higher of the value in use and the fair value less costs to sell) and its carrying amount and recognizes the impairment amount in the consolidated statement of profit or loss.
 
c.
Translation of foreign currency balances and transactions:
 
  1)
Functional and presentation currency
 
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (hereafter - the “Functional Currency”). When determining the functional currency of Group companies and whether their functional currency is identical to that of the Company, the materiality of the foreign operations as an extension of the reporting entity was taken into account. The consolidated financial statements are presented in US Dollars which is the functional and presentation currency of the Company and Group entities, except Nayax Retail, Weezmo and Roseman whose functional currency is the NIS and VM tecnologia and Uppay whose functional currency is the BRL.
 
  2)
Transactions and balances
 
Transactions made in a currency which is different from the functional currency (“foreign currency”) are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or revaluation, if the items are revalued. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the end-of-year exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statement of profit or loss. Gains and losses from changes in exchange rates are presented in the statement of profit or loss and presented within financial income or financial expenses, as appropriate.
 
  3)
Translation of financial statements of Group entities:
 
The results and financial position of Group entities, whose functional currency is different than the presentation currency, are translated into the presentation currency as follows:
 
  (a)
Assets and liabilities for each statement of financial position statement presented are translated at the closing rate at the date of the statement of financial position;
 
  (b)
Income and expenses for each statement of profit or loss are translated at average exchange rates for the period (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the rate on the dates of the transactions), and;
 
  (c)
All resulting exchange differences are recognized in other comprehensive income.
 
On consolidation, exchange differences arising from the translation of the net investment in foreign operations whose functional currency is different than that of the Company are recognized in other comprehensive income. When a foreign operation is fully disposed of, exchange differences that were recorded in other comprehensive income are recognized in the statement of profit or loss as part of the gain or loss on sale.
 
Goodwill and fair value adjustments arising from acquisition of foreign operations, are accounted for as assets and liabilities of the foreign operations and translated at closing rate. Exchange differences arising from the translation as aforesaid are carried to other comprehensive income.
 
d.
Cash and cash equivalents
 
Cash and cash equivalents include cash on hand and short-term bank deposits, which are not restricted by liens, with original maturities of three months or less, and investments in money market funds. For additional information about the restricted cash to be transferred to customers in respect of processing activity, see note 8 below.

 

e.
Inventory
 
Inventories are stated at the lower of cost and net realizable value. Cost is determined on a moving average basis. The cost of inventory includes all acquisition costs, conversion costs and other direct costs incurred in bringing the inventory to its current location and condition. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. The Group periodically reviews the condition and age of the inventory, and makes impairment provisions if necessary.
 
f.
Property and equipment
 
Property, plant and equipment items are initially recognized at acquisition cost.  Subsequent costs are included as incurred in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. When a part of a property, plant and equipment item is replaced, its’ carrying amount is derecognized.
 
All other repair and maintenance costs are charged to the statement of profit or loss during the financial period in which they are incurred. Depreciation on assets is calculated using the straight-line method to depreciate their cost to their residual value over their estimated useful lives, as follows:
 
   
%
Computers and peripheral equipment
  
33
Rental of POS devices
  
10-20
Machinery and equipment
  
10
 
Leasehold improvements are depreciated by the straight-line method over the earlier of the term of the lease or the estimated useful life of the improvements.
 
g.
Intangible assets:
 
  1)
Capitalized development Costs
 
Intangible assets arising from development projects or from internally-developed new products, development of internally-used operational systems and integration of external systems with the Group’s existing systems, are recognized as intangible assets, subject to the following conditions being met:
 
a) The technical feasibility of completing the intangible asset so that it will be available for use exists;
b) Management intends to complete the intangible asset and use or sell it;
  c)
There is an ability to use or sell the intangible asset;
  d)
The way the intangible asset will generate probable future economic benefits is demonstrable;
  e)
The technical, financial and other resources to complete the development and to use or sell the intangible asset are available; and
  f)
The expenditure attributable to the intangible asset during its development can be reliably measured.
 
The Group monitors all its development projects to identify costs for recognition as an expense in profit or loss and costs for capitalization as an asset in the statement of financial position by making a distinction between:
 
(1) Investments in new products (hardware and software), as opposed to expenses aimed at maintaining normal functionality;
(2) Investment in integrations and opening markets; and
(3) Investment in software for own use.
 
The Group reviews, in relation to each investment, whether it is designed to substantially enhance the functionality in a way that would increase the economic benefit flowing to the Group (i.e. higher revenue and/or cost savings).
 
Investments designed to enhance functionality in a way that would increase the economic benefit flowing to the Group are capitalized as an asset and presented within “goodwill and intangible assets, net” in the statement of financial position (subject to satisfying of the terms as instructed in IAS38 and listed in an extract above).
 
The main types of costs that capitalized as an intangible asset as of December 31, 2025 and 2024 are:
 
  (1)
Payroll costs and related expenses, which are attributed by the Group to the different projects that meet the conditions for capitalization;
  (2)
Cost of subcontractors, which are specifically identified to projects that meet the conditions for capitalization.
  (3)
Share-based payment expenses attributed apportionately to payroll and related suppliers expenses arises from development.
 
Research costs are expensed as incurred to the “research and development expenses” item in the statement of profit or loss. Research costs of the Group in the reported periods are immaterial to its financial statements.
 
Development costs designed to maintain normal functionality or insignificantly enhance functionality, as well as development costs that are not identified with a project that can be capitalized, are expensed as incurred to “research and development expenses” in profit or loss.
 
Research and development expenses that were previously expensed to profit and loss are not recognized as intangible assets in subsequent reporting periods. Development costs presented as intangible assets are amortized from the point in time in which the asset is available for use, on a straight-line basis, over their useful lives (5 years). Development assets which have not yet reached the point in which the asset is available for use are tested for impairment every year.
 
  2)
Distribution rights and brands
 
Distribution rights and brands purchased as part of a business combination are recognized at fair value on the acquisition date. Separately purchased distribution rights and brands are recognized at cost, plus directly attributable acquisition costs. The distribution rights and brands have a definite useful life (3-20 years), and they are presented net of accumulated amortization on a straight-line basis.
 
  3)
Customer relationships
 
Customer relationships purchased as part of a business combination are recognized at fair value on the acquisition date. Separately purchased customer relationships are recognized at cost, plus directly attributable acquisition costs. The customer relationships have a definite useful life (4-10 years), and they are presented net of accumulated amortization on a straight-line basis.
 
  4)
Technology
 
Technology purchased as part of a business combination is recognized at fair value on the acquisition date. Technology has a definite useful life (5-7 years) and is presented net of accumulated amortization on a straight-line basis.
 
  5)
Goodwill
 
Goodwill arising from the acquisition of a business represents the overall excess of: (1) the consideration transferred; (2) the amount of any non-controlling interests in the acquiree; (3) in a business combination achieved in stages, also the existing fair value as of the acquisition date of the Group’s previously held equity interest in the acquiree, over the net amount as of the acquisition date, of the identifiable assets acquired and the acquiree’s liabilities and contingent liabilities assumed.
 
For the purpose of impairment testing, goodwill acquired in a business combination is allocated, as from the acquisition date to each of the cash generating units or groups of cash generating units of the Group that are expected to benefit from the synergies of the combination.
 
Impairment testing of a cash generating unit to which goodwill was allocated is undertaken annually and whenever there is any indication of impairment of the cash generating unit, by comparing the carrying amount of the cash generating unit, including the goodwill, to its recoverable amount, which is the higher of its value in use and the fair value less costs to sell.
 
h.
Impairment of non-financial assets
 
Intangible assets that have an indefinite useful life, such as goodwill, as well as intangible assets that are not yet available for use, are not amortized and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that such assets might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
 
An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount.  The recoverable amount is the higher of an asset’s fair value less selling costs and value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels of identifiable cash flows (cash-generating units).

 

i.
Leases:
 
The Group accounts for a contract as a lease contract if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration:
 
  1)

The Group as a lessee:
 
In transactions in which the Group acts as lessee, the Group recognizes a right-of-use asset against a lease liability on the commencement date of the lease contract, except in the case of lease transactions with a lease term of up to 12 months and lease transactions for which the underlying asset value is low; in those cases, the Group recognizes the lease payments on a straight-line basis as an operating cost over the lease period.
 
As part of the measurement of the lease liability, the Group does not separate between lease and non-lease components, such as: management services, maintenance services and more, which are included in the relevant transaction.
 
The lease liability on the commencement date includes outstanding lease payments discounted by the interest rate implicit in the lease, if that rate can be readily determined, or by the lessee’s incremental borrowing rate. The Group used the incremental borrowing rate, which is the rate of interest that the Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. Subsequent to the commencement date, the Company measures the lease liability using the effective interest method.
 
The right-of-use asset is measured using the cost model and depreciated over the shorter of its useful life and the lease period. When there are indications for impairment, the Group tests the right-of-use asset for impairment in accordance with the provisions of IAS 36.
 
  2)

The Group as a lessor:
 
Amounts due from finance leases are recognized as receivables at the amount of the Group’s net investment in the leases. Interest income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Group’s net investment outstanding in respect of the leases.
 
Subsequent to initial recognition, the Group regularly reviews the estimated unguaranteed residual value and applies the impairment requirements of IFRS 9, recognizing an allowance for expected credit losses on the lease receivables.
 
Interest income is calculated with reference to the gross carrying amount of the lease receivables, except for credit-impaired financial assets for which interest income is calculated with reference to their amortized cost (i.e. after a deduction of the loss allowance).
 
  3)
Subleases
 
In transactions where the Group leases an underlying asset (a head lease) and sub-leases that underlying asset to a third party (sublease), the Group checks whether the risks and rewards relevant to the right-of-use asset were transferred by, among other things, checking the sub-lease period in reference to the useful life of the right-of-use asset arising from the head lease.
 

When substantially all the risks and rewards incidental to ownership of the right-of-use asset were transferred, the Group accounts for the sub-lease as a finance lease. At sublease commencement date, the leased asset is derecognized and a “receivable in respect of finance lease” is recognized in an amount equal to the present value of the lease proceeds discounted by the lease’s implicit interest rate. Any difference between the balance of the leased asset prior to derecognition and the receivable balance in respect of the lease is recognized in profit and loss.

 
j.
Financial instruments:
 
Hedge Accounting
 
Cash flow hedges
 
The objective of hedge accounting is to represent in the financial statements the effect of risk management activities that use financial instruments to manage the exposures arising from certain risks that could affect profit or loss or other comprehensive income. The Company reduces its exposure by entering into forward foreign exchange contracts with respect to operating expenses that are forecasted to be incurred in currencies other than the US Dollars. Certain operating expenditures are incurred in or exposed to other currencies, primarily the New Israeli Shekel. in addition, the company designated NIS 332 million of its bond liability as a hedged item, effectively converting it into USD exposure, and used a cross-currency swap covering both principal and interest as the hedging instrument. The Company has established forecasted transaction currency risk management programs to protect against fluctuations in fair value and the volatility of future cash flows caused by changes in exchange rates. The Company’s currency risk management program includes foreign exchange contracts designated as cash flow hedges.
 
Changes in the fair value of derivatives used to hedge cash flows, in accordance with the effective portion of the hedge, are recorded through other comprehensive income directly in a other capital reserve. With respect to the non‑effective part, changes in the fair value are recognized in the statement of income. The amount recognized in the capital reserve is reclassified in the statement of income in the same period as the hedged cash flows affected profit or loss under the same line item in the statement of income as the hedged item. If the hedging instrument no longer meets the criteria for hedge accounting, expires or sold, terminated or exercised, then hedge accounting is discontinued. If cash flow hedge accounting is discontinued, the amount that has been accumulated in OCI remains in accumulated OCI if the hedged future cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. After discontinuation, once the hedged cash flow occurs, any amount remaining in accumulated OCI must be accounted for depending on the nature of the underlying transaction as described above.
 
Classification of financial assets
 
The Group classifies its financial assets into the following categories: financial assets at fair value through profit or loss and financial assets at amortized cost. The classification depends on the business model for managing the financial assets and the contractual terms of the cash flows in respect thereof.
 
Classification of financial assets (continued):
 
Financial assets at amortized cost are financial assets held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and their contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets at fair value through profit or loss are financial assets not classified into one of the categories of financial assets at amortized cost or financial assets at fair value through other comprehensive income.
 
The Group’s financial assets at amortized cost are included in the following items: “receivables in respect of processing activity”, “trade receivable”, “other current assets”, “cash and cash equivalents”, “short- term bank deposits”, “restricted cash transferable to customers in respect of processing activity”, “Other long-term assets”, “long-term bank deposits” in the statement of financial position.
 
Recognition and measurement
 
Ordinary course purchase and sales of financial assets are recorded in the Group’s books of accounts on the date on which the asset is delivered to the Group or by the Group.
 
Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all risks and rewards of ownership associated with these assets. Financial assets at fair value through profit or loss are presented in subsequent periods at fair value. In subsequent periods, financial assets at amortized cost are measured based on the effective interest method.
 
Financial assets measured at fair value through profit or loss are initially recognized at fair value and transaction costs are carried to profit or loss. Gains or losses arising from changes in the fair value of  financial assets at fair value through profit or loss are presented in profit or loss under “finance expenses, net”, in the period in which they are incurred.
 
Impairment of financial assets measured at amortized cost
 
The Group recognizes a provision for loss in respect of expected credit losses on debt instruments measured at amortized cost and lease receivables.
 
At each statement of financial position date, the Group assesses whether the credit risk of the financial asset has increased significantly since it was initially recognized, whether assessed on an individual or collective basis. For that purpose, the Group compares the risk of default at the reporting date with the risk of default on the initial recognition date, taking into account all reasonable and supportable information that is available, including forward-looking information.
 
For financial assets that experience a significant increase in their credit risk since initial recognition, the Group measures expected credit loss provision at the amount of expected credit losses over the entire life of the instrument. Otherwise, the provision for loss is measured at the expected credit loss in a 12-month period.
 
However, the Group measures the provision for loss at an amount equal to expected credit losses over the instrument’s life for trade receivables or assets in respect of contract with customers arising from transactions within the scope of IFRS 15, and for receivables in respect of lease, stemming from transactions within the scope of IFRS 16.
 
Offsetting of financial instruments
 
Financial assets and liabilities are offset and the net amount reported in the statement of financial position, only when there is an immediate legally enforceable right (which is not conditional upon the occurrence of a future event) to offset the recognized amounts under all of the following circumstances: in the ordinary course of business, in the event credit default, insolvency or bankruptcy of the entity and of all counterparties, and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously.
 
Financial liabilities
 
Financial liabilities are classified as measured at amortized cost or at fair value through profit or loss.
 
Financial liabilities measured at amortized cost:
 
Upon initial recognition, the Group measures the financial liabilities at fair value, net of transaction costs. Any differences between the amount of initial recognition (net of transaction costs) and the redemption value are recognized in the statement of profit or loss over the term of the financial liability, in accordance with the effective interest method.
 
Fees paid in respect of receipt of a credit facility are recognized as transaction costs attributed to the relevant loan, to the extent that it is probable that a portion or all of the credit facility amount shall be utilized. In such a case, the recognition of fees is deferred until the funds are actually withdrawn as part of the loan. If there is no evidence that a portion or all of the credit facility will be utilized, the fee is capitalized as a prepaid payment in respect of financing services and amortized over the term of the relevant credit facility.
 
Financial liabilities measured at fair value through profit or loss:
 
The Group measures these financial liabilities at fair value each reporting period. Transaction costs are recognized in profit or loss.
 
Financial liabilities are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period.
 
k.
Trade receivables
 
Trade receivables are amounts due from customers for sales of POS devices or services performed in the ordinary course of business.
 
l.
Trade payables
 
Trade payables are the Group’s obligations to pay for goods or services that have been rendered by suppliers in the ordinary course of business.
 
m.
Income taxes
 
Income tax expenses or benefit for the reported years include current and deferred taxes. Taxes are recognized in profit or loss, except for taxes arising from business combination and taxes relating to items carried to other comprehensive income or directly to equity, which are also recognized in other comprehensive income or equity, respectively, together with the item in respect of which they were created.
 
The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted in the countries in which Group companies operate and generate taxable income at the statement of financial position date. The Group periodically evaluates the tax aspects applicable to its taxable income based on the relevant tax laws and makes provisions in accordance with the amounts expected to be paid to the tax authorities.
 
The Group recognizes deferred income tax using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements.
 
The amount of deferred taxes is determined using tax rates (and laws) that have been enacted or substantially enacted by the statement of financial position date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled.
 
Deferred tax assets are recognized for temporary differences that are tax deductible, up to the amount of the differences that are expected to be utilized in the future, against taxable income. Deferred tax assets are recognized in respect of unused carryforward losses, if it is probable that future taxable profit will be available against which the unused tax losses can be utilized.
 
The Group does not recognize deferred taxes on temporary differences arising on investments in subsidiaries, since the timing of the reversal of the temporary differences is controlled by the Group and it is probable that these temporary differences will not reverse in the foreseeable future.
 
Deferred tax assets and liabilities are off set only if: (a) An enforceable legal right exists to set off current tax assets against current tax liabilities; and; (b) Deferred tax assets and liabilities relate to income tax imposed by the same tax authority on the same entity or on different entities that intend to settle the balances on a net basis.
 
n.
Revenue recognition
 
The Group has revenues from sales of Point of Sales (POS) devices, software as a service (SaaS) and payment processing fees.
 
  1)
Revenue measurement
 
The revenue of the Group is measured at the amount of the consideration to which the Group expects to be entitled in exchange for transferring promised terminals or services to a customer, excluding amounts collected on behalf of third parties, such as certain selling taxes. Revenue is presented net of VAT and after elimination of intra-group revenue.
 
  2)
Timing of revenue recognition
 
The Group recognizes revenue when the customer obtains control of the promised goods or service under the contract with the customer. For each performance obligation, the Group determines, when entering into a contract, if it satisfies the performance obligation over time or at a point in time.
 
The group satisfies a performance obligation over time if one of the following criteria is met: (1) the customer is receiving and consuming the benefits of the Group’s performance as the Group performs; (2) the Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or (3) the Group’s performance does not create an asset with an alternative use to the Group, and the Group has an enforceable right to payment for performance completed to that date.
 
  3)
Types of revenues of the Group
 
Revenue from sales of POS devices
 
The Group sells POS devices to customers.
 
Pursuant to IFRS 15, goods or services promised to a customer are distinct if the customer can benefit from the good or service supplied (either on its own or together with other resources that are readily available); and the Group’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract.
 
The POS devices sold to the Group’s customers enable multiple functionalities. The sale of the POS device does not oblige the customer to purchase a full solution or to make a further purchase of the Group’s services. Accordingly, the POS devices constitute a performance obligation that is separate from the service component, and the Group recognizes revenues from sales of POS devices at a point in time, when control of the POS devices is transferred to its customers.
 
SaaS revenue and payment processing fees (hereafter –"Recurring revenue")
 
The Group provides management services and payment processing services. The consideration for the management services includes monthly fees in respect of each POS device. The consideration for the payment processing fees includes processing services, which are mostly calculated as a percentage of the transaction’s value and/or a defined fee for each processed transaction. Payment is made per the normal payment terms of the Company, which are generally 15 to 60 days from the date of the invoice. The revenue from those services is recognized in the period the services are rendered.
 
The Group recognizes the payment processing fees collected from its customers on a gross basis, since the Group controls the specified services before it is transferred to the customers, in accordance with the provisions of IFRS 15. In particular, the Group is primarily responsible for fulfilling the promise to provide the payment processing services to the customer, and the Group has discretion in establishing the price for the specified services. As a payment service provider, the Group acts as a merchant of record for its merchants. The Group bears the risk of chargebacks if amounts cannot be recovered from the customer. The fees paid to the processing companies are recognized as expenses under cost of revenue.
 
Allocation of the consideration in transactions that include the sale of POS devices and the above related services is based on the relative stand-alone selling price of each performance obligation based on the price at which a good or service is sold separately.

 

o.
Share-based payments
 
From time to time, the Group’s Board of Directors approves plans for the award of options or RSUs to the Group’s employees and suppliers, whereby the Group receives services from its employees and/or suppliers in consideration for equity instruments (options) of the Group.
 
The amount recognized for share-based payments to employees is determined in reference to the fair value of the options or RSUs granted on the grant date. Non-market vesting terms are included among the assumptions used to estimate the number of options expected to vest, such that the expense is recognized during the vesting period. As to other service providers, the cost of the transactions is measured in accordance with the fair value of the goods or services received in return for the equity instruments that were granted. Where it is not possible to measure reliably the fair value of the goods or services received in consideration for equity instruments, they are measured at the fair value of the granted equity instruments. At each statement of financial position date, the Group revises its estimates as to the number of options expected to vest, based on the non-market vesting conditions, and recognizes the impact of the change compared to the original estimates, if any, in the statement of profit or loss, with a corresponding adjustment to equity.
 
p.
Earnings (Loss) per share
 
The computation of basic earnings (loss) per share is based on the profit (loss) attributable to holders of ordinary shares, divided by the weighted average number of ordinary shares outstanding during the period. When calculating the diluted earnings (loss) per share, the Group adds to the average number of ordinary shares outstanding, that was used to calculate the basic earnings per share, the weighted average of the number of shares to be issued assuming that all shares that have a potentially dilutive effect would be converted into shares. Potential Ordinary Shares are only taken into account in cases where their effect is dilutive (reducing the earnings per share or increasing the loss per share).
 
q.
Provisions
 
Provisions are recorded when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated.
 
r.
New IFRS Accounting Standards:
 
On April 9, 2024, the International Accounting Standards Board (IASB) issued IFRS 18, Presentation and Disclosure in Financial Statements, which will replace IAS 1. The new standard introduces significant changes to the presentation of Financial Statements:
 
  1.
New categories and subtotals in the statement of profit or loss: The standard requires entities to classify income and expenses into operating, investing, and financing categories, enhancing comparability across entities.
 
  2.
Management-defined performance measures (MPMs): Entities must disclose MPMs in a single note to the financial statements, providing transparency about measures that management uses to assess financial performance.
 
  3.
Enhanced aggregation and disaggregation principles: The standard provides guidance to ensure that financial information is presented in a way that is useful to users, preventing the obscuring of material information.
 
In addition, certain amendments have been made to IAS 7, Statements of cash flows. The standard is effective for annual periods beginning on or after January 1, 2027, with earlier application permitted. The Company is currently evaluating the potential impact of IFRS 18 on its financial statements, including whether to adopt the standard earlier than its mandatory effective date.
 
In May 2024, the IASB issued an amendment to IFRS 9, Financial Instruments, clarifying the timing of recognition and derecognition of financial assets and liabilities. Among other aspects, the amendment introduces a new exception for the derecognition of financial liabilities when settled through electronic payment systems.
 
Under the revised guidance, an entity may derecognize a financial liability when it has initiated an irrevocable payment instruction via an electronic payment system. The conditions for the exception are that the entity making the payment does not have: (a) the practical ability to withdraw, stop or cancel the payment instruction; (b) the practical ability to access the cash, and; (c) significant settlement risk.
 
The amendment is effective for annual reporting periods beginning on or after January 2026, with earlier application permitted. The Company has assessed the impact of this amendment on its financial statements. Based on the assessment, no material effect is expected.
v3.25.4
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
 12 Months Ended
Dec. 31, 2025
Disclosure Of Critical Accounting Estimates And Judgements [Abstract]  
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
NOTE 3 - CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
 
As part of financial reporting, the Group’s management makes assumptions and estimates that impact the value of assets, liabilities, income, expenses, and disclosures in the consolidated financial statements. These estimates are based on historical experience and expectations of future events, but may differ from actual results. The Group regularly reviews these estimates, considering relevant facts, historical data, external factors, and other reasonable assumptions in light of current circumstances. Below are the key accounting estimates and judgments, which involve significant uncertainty. The Group takes into account, as applicable, the relevant facts, historical experience, impact of external factors and reasonable assumptions in accordance with the circumstances.
 
1)
Capitalized development costs
 
The Group capitalizes development costs as intangible assets when specific conditions are met (as outlined in note 2(g)), while costs that do not meet these conditions are expensed as incurred. Management exercises judgment to determine if each project meets the criteria for capitalization, and eligible costs are recognized as development assets. The estimated useful life and amortization of these assets are based on the expected period for marketing the products developed. These estimates may change due to technological advancements or market conditions. If the useful life is revised, amortization may increase, or development assets may be impaired or written off if they become obsolete.
 
2)
Distribution rights, customer relationship and technology
 
Distribution rights, customers relationship and technology recognized as a result of business combinations carried out by the Group are amortized on an ongoing basis on a straight-line basis in accordance with expected useful life. The Company assesses the need to change the intangible assets’ useful lives on an ongoing basis.
 
3)
Deferred tax assets
 
Deferred tax assets are recognized in respect of carryforward losses and unused deductible temporary differences, if it is probable that future taxable income will exist against which they can be utilized. A management estimate is required to determine the amount of the deferred tax asset that can be recognized based on the timing, amount of expected taxable income, its origin and tax planning strategy.
 
4)  Impairment of goodwill
 
 
The Company tests goodwill for impairment at least annually. The test requires management to estimate the future cash flow expected to arise from the continuing use of the cash-generating unit (or group of cash-generating units) to which the goodwill has been allocated. Management is also required to estimate an appropriate discount rate for these cash flows. The possible consequences for the financial statements are the attribution of impairment losses to profit or loss in the period in which they arise.
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract]  
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT
NOTE 4 - FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT
 
Financial risk factors
 
The Group’s activities expose it to a variety of financial risks: market risk (including currency risk and cash flow interest rate risk), credit risk and liquidity risk. The Group's risk management plan focuses on the uncertainty of the financial markets seeking to minimize potential negative impacts on the Group’s financial performances. Group’s risk management is carried out under policies approved by senior management. This policy relates to management of market risks, credit risks, liquidity risks and capital risks (cash management risks).
 
1)
Market risks:
 
  a)
Foreign exchange risks
 
The Group operates internationally and is exposed to fluctuations in exchange rates of various currencies, primarily with respect to the exchange rates of the NIS, Euro, GPB and AUD against the US Dollar.
 
Foreign exchange risks arise from commercial transactions, assets or liabilities, or net investments in foreign operations which are denominated in a currency which is not the entity’s functional currency. The following table presents a sensitivity test as of December 31, 2025, 2024 and 2023 to reasonably possible changes in the exchange rates, when all other variables remain unchanged. The impact on pre-tax income of the Group is due to changes in financial assets and liabilities.
 
        
Sensitivity test for changes in exchange rate
  
Foreign currency
  
Years
  
Income (loss) from change
  
        
10% increase in exchange rate
    
10% decrease in exchange rate
  
        
US Dollars in thousands
  
NIS
  
2025
    
1,185
      
(1,185
)
2024
    
(3,524
)
    
3,524
  
2023
    
(1,762
)
    
1,762
  
EUR
  
2025
    
910
      
(910
)
2024
    
(1,644
)
    
1,644
  
2023
    
(1,698
)
    
1,698
  
GPB
  
2025
    
562
      
(562
)
2024
    
316
      
(316
)
2023
    
123
      
(123
)
AUD
  
2025
    
239
      
(239
)
2024
    
233
      
(233
)
2023
    
40
      
(40
)
 
  b)
Risk in respect of interest rate change
 
Risks related to interest rates stem from changes in interest rates, which may have an adverse effect on the Group’s net income or cash flows. Changes in interest rates trigger changes in the Group’s interest income and expenses in respect of interest-bearing assets and liabilities.
 
The Company has loans from an Israeli bank which have the variable interest rate.
2)  Credit risks
 
Credit risk is managed on a Group level. Credit risks arise mainly from cash and cash equivalents, bank deposits, and credit exposures to receivables. The Group carries out a risk assessment by assessing the credit quality of each customer, taking into account the customer's financial position, past experience, and other factors. The Group settles the processing fee before remitting funds to the customers.
 
The loss allowance for trade receivables as of December 31, 2025 and 2024 was determined as follows:
 
December 31, 2025
  
Not overdue
    
Over 30 days overdue
    
Over 60 days overdue
    
Over 120 days overdue
    
Total
  
   
US Dollar in thousands
  
Gross carrying amount – trade receivables
    
70,884
      
4,258
      
8,799
      
27,828
      
111,769
  
Less – provision of allowance for credit loss
    
-
      
(812
)
    
(1,677
)
    
(5,305
)
    
(7,794
)
Trade receivable
    
70,884
      
3,446
      
7,122
      
22,523
      
103,975
  
 
December 31, 2024
  
Not overdue
    
Over 30 days overdue
    
Over 60 days overdue
    
Over 120 days overdue
    
Total
  
   
US Dollar in thousands
  
Gross carrying amount – trade receivables
    
45,592
      
2,629
      
465
      
10,787
      
59,473
  
Less – provision of allowance for credit loss
    
-
      
-
      
-
      
(3,779
)
    
(3,779
)
Trade receivable
    
45,592
      
2,629
      
465
      
7,008
      
55,694
  

 

Most of the Group’s cash and cash equivalents as of December 31, 2025 and 2024 were deposited with Israeli, European and American banks. In the opinion of the Group, the credit risk arising from those balances with banks is low. In respect of the processing activity, the Group has a restricted cash balance for transfer to customers and is also entitled to receive proceeds from international processing companies. In the opinion of the Group, the credit risk arising from the balances with those processing companies is low.
 
3)
Liquidity risk
 
Prudent liquidity risk management implies maintaining sufficient cash and credit facilities to fund operations. In view of the dynamic nature of its business activity, the Group maintains financing flexibility through maintaining the availability of credit facilities from banks and investments in share capital.
The table below analyzes the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities. The amounts presented in the table represent undiscounted cash flows.
 
   
Less than one year
    
Between 1 and 2 years
    
Between 3 and 5 years
    
More than 5 years
    
Total
  
   
US Dollars in thousands
  
December 31, 2025:
                              
Long-term bank loans
    
4,134
      
3,898
      
7,908
      
-
      
15,940
  
Lease liabilities
    
3,701
      
4,154
      
1,751
      
1,707
      
11,313
  
Other long-term liabilities, including current maturities
    
5,538
      
9,329
      
-
      
-
      
14,867
  
Debentures
    
18,598
      
50,119
      
322,793
      
-
      
391,510
  
Payables in respect of processing activity
    
180,795
      
-
      
-
      
-
      
180,795
  
Trade payables
    
29,370
      
-
      
-
      
-
      
29,370
  
Other payables
    
52,021
      
-
      
-
      
-
      
52,021
  
Total
    
294,157
      
67,500
      
332,452
      
1,707
      
695,816
  
 
   
Less than one year
    
Between 1 and 2 years
    
Between 3 and 5 years
    
More than 5 years
    
Total
  
   
US Dollars in thousands
  
December 31, 2024:
                              
Short-term loans
    
25,276
      
-
      
-
      
-
      
25,276
  
Long-term bank loans
    
6,009
      
11,213
      
9,566
      
1,812
      
28,600
  
Lease liabilities
    
3,072
      
3,724
      
627
      
26
      
7,449
  
Payables in respect of processing activity
    
132,612
      
-
      
-
      
-
      
132,612
  
Trade payables
    
21,059
      
-
      
-
      
-
      
21,059
  
Other payables
    
33,887
      
-
      
-
      
-
      
33,887
  
Total
    
221,915
      
14,937
      
10,193
      
1,838
      
248,883
  
 
Group Management periodically reviews the ratio between future cash flows that will arise from maturities of its liabilities and the future cash flows that will arise from maturities of its financial assets; where necessary, the Group changes its liability mix and the timing of their maturity.
 
4)
Capital risk:
 
The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stockholders and to maintain an optimal capital structure to reduce the cost of capital.
 
From time to time the Group assesses, as applicable, the need to raise funds from external investors.
Changes in financial liabilities, the cash flows in respect of which are classified as cash flows from financing activities:
 
   
Short-term credit
    
Long-term bank loans
    
Loans from others
    
Lease liabilities
    
Debentures
    
Other liabilities
    
Total
  
   
US Dollars in thousands
  
Balance at January 1, 2025
    
25,276
      
22,583
      
-
      
7,045
      
-
      
-
      
54,904
  
                                                         
Changes in 2025:
                                                        
Liabilities added in respect of new leases
    
-
      
-
      
-
      
4,883
      
-
      
-
      
4,883
  
Liabilities added in respect of debentures
    
-
      
-
      
-
      
-
      
290,265
      
-
      
290,265
  
Liabilities added in respect of acquisitions
    
774
      
-
      
-
      
273
      
-
      
-
      
1,047
  
Cash flows paid
    
(26,000
)
    
(8,689
)
    
-
      
(3,050
)
    
-
      
-
      
(37,739
)
Amounts recognized in profit or loss and other changes
    
(50
)
    
(209
)
    
-
      
725
      
23,799
      
-
      
24,265
  
Balance at December 31, 2025:
    
-
      
13,685
      
-
      
9,876
      
314,064
      
-
      
337,625
  
                     
-
                      
-
          
Balance at January 1, 2024
    
47,477
      
1,428
      
3,920
      
6,294
      
-
      
170
      
59,289
  
                                                         
Changes in 2024:
                                                        
Liabilities added in respect of new leases
    
-
      
-
      
-
      
1,875
      
-
      
-
      
1,875
  
Liabilities added in respect of loans from banks and others
    
-
      
22,835
      
-
      
-
      
-
      
-
      
22,835
  
Liabilities added in respect of acquisitions
    
561
      
-
      
-
      
1,519
      
-
      
-
      
2,080
  
Cash flows paid
    
(23,315
)
    
(3,177
)
    
(3,837
)
    
(2,655
)
    
-
      
(47
)
    
(33,031
)
Amounts recognized in profit or loss and other changes
    
553
      
1,497
      
(83
)
    
12
      
-
      
(123
)
    
1,856
  
Balance at December 31, 2024:
    
25,276
      
22,583
      
-
      
7,045
      
-
      
-
      
54,904
  
                                                         
Balance at January 1, 2023
    
7,684
      
2,496
      
7,367
      
8,150
      
-
      
362
      
26,059
  
                                                         
Changes in 2023:
                                                        
Liabilities added in respect of new leases
    
-
      
-
      
-
      
595
      
-
      
-
      
595
  
Liabilities added in respect of loans from banks and others
    
39,135
      
-
      
-
      
-
      
-
      
-
      
39,135
  
Cash flows paid
    
-
      
(998
)
    
(3,626
)
    
(2,182
)
    
-
      
(182
)
    
(6,988
)
Amounts recognized in profit or loss and other changes
    
658
      
(70
)
    
179
      
(269
)
    
-
      
(10
)
    
488
  
Balance at December 31, 2023:
    
47,477
      
1,428
      
3,920
      
6,294
      
-
      
170
      
59,289
  

   

5)
Fair Value Measurement:
 
The Company measures certain financial instruments and non-financial assets at fair value on a recurring or non-recurring basis in accordance with IFRS 13. The fair value hierarchy categorizes the inputs used in valuation techniques into three levels, as defined below:
 
  •
Level 1: Quoted prices in active markets for identical assets or liabilities.
  •
Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
  •
Level 3: Inputs for the asset or liability that are not based on observable market data.
 
The following table shows the fair value hierarchy of financial instruments measured at fair value as of December 31, 2025 and 2024:
 
Assets
  
Level 2
    
Level 3
    
Total
  
January 1, 2025
    
3,609
      
395
      
4,004
  
Business combination
    
(3,139
)
    
(395
)
    
(3,534
)
Changes in fair value
    
6,756
      
-
      
6,756
  
December 31, 2025
    
7,226
      
-
      
7,226
  
                         
January 1, 2024
    
42
      
1,831
      
1,873
  
Initially recognized
    
3,139
      
-
      
3,139
  
changes in fair value
    
428
      
(1,436
)
    
(1,008
)
December 31, 2024
    
3,609
      
395
      
4,004
  
                         
Liabilities
  
Level 2
    
Level 3
    
Total
  
January 1, 2025
    
(925
)
    
(15,410
)
    
(16,335
)
Business combination
    
747
      
997
      
1,744
  
Changes in fair value
    
178
      
(1,578
)
    
(1,400
)
Settlements
    
-
      
7,626
      
7,626
  
December 31, 2025
    
0
      
(8,365
)
    
(8,365
)
                         
January 1, 2024
    
(1,484
)
    
(12,141
)
    
(13,625
)
Initially recognized
    
-
      
(2,132
)
    
(2,132
)
changes in fair value
    
559
      
(1,137
)
    
(578
)
December 31, 2024
    
(925
)
    
(15,410
)
    
(16,335
)
 
  •
As of December 31, 2025, the balance of Level 2 assets includes amounts related to hedging.
  •
As of December 31, 2025, the balance of Level 3 liabilities includes contingent consideration liability related to VM and RPI earnout.
 
For each level, the following key assumptions were applied:
 
  •
Level 2: The fair value of Level 2 instruments is derived using observable inputs, including interest rates, yield curves, credit spreads, and foreign exchange rates. Valuation techniques such as discounted cash flow models, Black and Scholes and comparable market transactions are utilized, with inputs obtained from reputable market data sources.
  •
Level 3: Instruments classified under Level 3 are valued using models that incorporate significant unobservable inputs. These may include company's assumptions regarding future cash flows, discount rates, market liquidity, and counterparty credit risk. The valuation process involves management judgment, and sensitivity analyses are conducted to assess the impact of changes in key assumptions.
v3.25.4
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
SEGMENT REPORTING
NOTE 5 - SEGMENT REPORTING
 
The Group operates in a single reportable segment; the center of its activities is in Israel, and all of its sales are carried out in USA, Europe, UK, Australia, Israel and the rest of the world. Set forth below is a breakdown of revenues from external parties by geographic regions:
 
   
For the year ended December 31
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
USA
    
164,635
      
123,033
      
83,528
  
Europe (excluding UK)
    
91,782
      
76,000
      
72,887
  
UK
    
46,974
      
38,688
      
26,391
  
Australia
    
31,896
      
27,521
      
22,484
  
Israel
    
22,300
      
16,967
      
13,095
  
LATAM
    
25,314
      
13,719
      
3,132
  
Rest of the world
    
17,532
      
18,085
      
13,974
  
     
400,433
      
314,013
      
235,491
  
 
Set forth below is a breakdown of the non-current assets, excluding deferred tax assets and financial assets, by geographic regions:
 
   
As of December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Israel
    
156,999
      
106,215
  
USA
    
34,004
      
12,615
  
Rest of the world
    
28,763
      
16,244
  
     
219,766
      
135,074
  
 
In 2025, 2024 and 2023, the Group did not have any single customer representing 10% or more of its sales.
v3.25.4
BUSINESS COMBINATIONS
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about business combination [abstract]  
BUSINESS COMBINATIONS
NOTE 6 - BUSINESS COMBINATIONS
 
a.
Acquisition of Lynkwell

 

On December 4, 2025, (hereinafter "the acquisition date") the Company completed the acquisition of the entire share capital of EVRedi, Inc (hereinafter "Lynkwell"), a private entity incorporated under the laws of Delaware. Lynkwell is a leading energy ecosystem platform focused on supporting developers and operators of electric vehicle charging equipment, with a full suite of products and services. The purchase consideration comprises of (a) cash settlement in the amount of approximately $25,900 thousand, (b) Settlement of pre-existing relationship amounting to $5,936 thousands (c) An earnout mechanism based on certain conditions to be met within the first 12 months post-closing. The acquisition has been accounted for using the acquisition method. The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:

 

   
US Dollars in thousands
  
Cash
    
25,900
  
Settlement of pre-existing relationship (*).
    
5,936
  
Total consideration
    
31,836
  
         
Amounts recognized on acquisition date:
        
Cash and cash equivalents
    
1,555
  
Trade receivables
    
10,867
  
Inventory
    
2,732
  
Other receivables
    
1,234
  
Property and equipment
    
3,207
  
Right of use
    
266
  
Other payables
    
(2,781
)
Trade payables
    
(2,996
)
Lease liability
    
(273
)
Total
    
13,811
  
Goodwill (**)
    
18,025
  
Total consideration
    
31,836
  
         
Cash paid upon the acquisition of a subsidiary
    
25,900
  
Cash and cash equivalents consolidated for the first time
    
(1,555
)
As reported in cash flows from investing activities for the acquisition
    
24,345
  
 
(*) Including intercompany balances that were eliminated in the consolidated financial statements.
 
 
The excess of the purchase consideration over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following is information about revenues and profits or losses of the Group under the assumption that Lynkwell transaction was completed on January 1, 2025: (1) The Group’s revenues for the annual period ended December 31, 2025, would have been $418,524 thousands, compared to $400,433 thousands as reported, and; (2) The Group's profit for reported period ended December 31, 2025, would have been $25,071 thousands compared to $35,516 thousand as reported.
 
The additional revenue included in the consolidated income statement since the acquisition date resulting from consolidating Lynkwell 's results was $3,146 thousands during the reported period. Additionally, the consolidation of Lynkwell resulted in a increase of $1,081 thousands in the profit for the reported period ended December 31, 2025.
 
The accounting for the business combination is incomplete at the reporting date. The provisional amounts recognized for the acquired identifiable assets, liabilities and consideration are based on the information available at the date of the issuance of these financial statements. The Company is still in the process of finalizing the fair value assessments of these items. In accordance with IFRS 3, the measurement period is up to one year from the acquisition date, during which adjustments may be made to the provisional amounts as new information is obtained about facts and circumstances that existed as of the acquisition date.
 
(**) The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Lynkwell's expressed by synergy of good reputation and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Lynkwell represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
 
b.
Acquisition of Uppay
 
On February 28, 2025, (hereinafter "the acquisition date") the Company completed the acquisition of the entire share capital of Uppay Serviços De Tecnologia Da Informação S.A. (hereinafter "Uppay"). Uppay, a private entity incorporated under the laws of Brazil engaged in the provision of IT services and digital transformation solutions mainly for coffee machines. Its core operations include the development, implementation, maintenance of hardware and software platforms,  and primarily serving clients in the public and private sectors across Latin America. The purchase consideration and remuneration comprises of (a) cash settlement in the amount of approximately $4,696 thousands (BRL 27,430 thousands); (b) deferred consideration in the amount of approximately $495 thousands (BRL 2,892 thousands) which presents its fair value at the closing date and. In addition, the Company is committed to a contingent payments structured as an earnout of approximately $471 thousands (BRL 2,750 thousands) which shall be paid to former controlling share-holder pursuant to certain terms and conditions as stated in the share purchase agreement that is not part of the consideration of the acquisition. The consideration amount transferred on the closing date is based on certain assumptions, including that the Uppay's working capital falls within a specific negative to neutral range. The acquisition has been accounted for using the acquisition method. The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:
 
   
US Dollars in thousands
  
Cash
    
4,696
  
Deferred consideration
    
495
  
Total consideration
    
5,191
  
         
Amounts recognized on acquisition date:
        
Cash and cash equivalents
    
15
  
Segregated account
    
22
  
Trade receivables
    
43
  
Inventory
    
30
  
Other receivables
    
53
  
Customer relations
    
1,023
  
Technology
    
955
  
Property and equipment
    
787
  
Trade payables
    
(76
)
Other payables
    
(54
)
Deferred tax liability
    
(672
)
Total
    
2,126
  
Goodwill (*)
    
3,065
  
Total consideration
    
5,191
  
         
Cash paid upon the acquisition of a subsidiary
    
4,696
  
Cash and cash equivalents consolidated for the first time
    
(15
)
As reported in cash flows from investing activities for the acquisition
    
4,681
  
 
 
The excess of the purchase consideration over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following is information about revenues and profits or losses of the Group under the assumption that Uppay transaction was completed on January 1, 2025: (1) The Group’s revenues for the annual period ended December 31, 2025, would have been $400,664 thousands, compared to $400,433 thousands as reported, and; (2) The Group's profit for reported period ended December 31, 2025, would have been $35,642 thousands compared to $35,516 thousand as reported.
 
The additional revenue included in the consolidated income statement since the acquisition date resulting from consolidating Uppay's results was $1,374 thousands during the reported period. Additionally, the consolidation of Uppay resulted in an increase of $376 thousands in the profit for the reported period ended December 31, 2025.
 
(*) The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Uppay's expressed by synergy of good reputation and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Uppay represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
 
(**) From the acquisition date, management determined that Uppay's business activity is fully integrated into an existing cash‑generating unit. Accordingly, and in line with IAS 36, the goodwill arising from the acquisition was allocated to the Unattended group of CGUs, which is expected to benefit from the synergies of the transaction.
 
c.
Acquisition of Inepro Pay.
 
On April 1, 2025, the Company successfully completed the acquisition of the entire share capital of Inepro Pay B.V., a limited liability company incorporated and existing under the laws of the Netherlands. (hereinafter "Inepro"), Inepro has been providing successful, modular solutions for authentication, payment, and telemetry utilizing Nayax equipment in several verticals in the Benelux region.
 
The purchase consideration comprised of approximately $2,705 thousands in cash on the date of the closing (EUR 2,500 thousands) reduced by the estimated working capital which comprises primarily of estimated indebtedness, cash and inventory, which all are subject to adjustments to final working capital (as defined in the purchase agreement).
 
The acquisition has been accounted for using the acquisition method. The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:
 
   
US Dollars in thousands
  
Cash
    
2,705
  
Total consideration
    
2,705
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
4
  
Trade receivables
    
633
  
Other receivables
    
82
  
Inventory
    
388
  
Customer relations
    
372
  
Technology
    
1,508
  
Trade payables
    
(499
)
Other payables
    
(533
)
Deferred tax liability
    
(320
)
Total identifiable assets, net
    
1,635
  
Goodwill (*)
    
1,070
  
Total consideration
    
2,705
  
         
Cash paid upon the acquisition of a subsidiary
    
2,705
  
Cash and cash equivalents consolidated for the first time
    
(4
)
As reported in cash flows from investing activities for the acquisition
    
2,701
  
 
 
The excess of the purchase consideration over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following is information about revenues and losses of the Group under the assumption that Inepro's  transaction was completed on January 1, 2025: (1) The Group’s revenues for the reported period ended December 31, 2025, would have been $401,736 thousands, compared to $400,433 thousands as reported, and; (2) The Group's profit for reported period ended December 31, 2025, would have been $35,618 thousands compared to $35,516 thousands as reported.
 
The additional revenue included in the consolidated income statement since the acquisition date resulting from consolidating Inepro's results was $3,892 thousands during the reported period. Additionally, the consolidation of Inepro resulted in an decrease of $209 thousands in the profit for the reported period ended December 31, 2025.
 
(*) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for Inepro's expressed by synergy of good reputation, and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Inepro represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed
 
(**) From the acquisition date, management determined that Inepro Pay's business activity is fully integrated into an existing cash‑generating unit.
Accordingly, and in line with IAS 36, the goodwill arising from the acquisition was allocated to the Unattended group CGUs, which is expected to benefit from the synergies of the transaction.
 
d.
Business Combination of IOT Capital Technology Holdings LTD.
 
On May 31, 2025, (the "Closing Date") the Company completed the acquisition of the entire equity interest in IOT Capital Technology Holdings Ltd. (hereinafter "IoT"), a company engaged in financing solutions for smart connectivity platforms for vending, retail, and industrial equipment. The total consideration and previously held interests for the acquisition amounted to $14,986 thousands.
 
Prior the closing date, the Company held 49% of IoT and measured the investment through equity method with accordance to IAS 28. On the Closing Date, the total consideration transferred and previously held interests was comprised of several components, all measured at fair value in accordance with IFRS 3 Business Combinations; (a) cash settlement of approximately $5,690 thousands transferred upon the remaining shares; (b) Replacement of awards held by former employees of IoT  was made through the grant of fully vested options on Company's shares. As the replacement formed was part of the purchase agreement and related solely to past services, the fair value of the awards was included in the consideration transferred. Accordingly, equity instruments over the Company’s shares with a total fair value of $1,222 thousand, each exercisable into one ordinary share, fully vested and exercisable immediately following the Closing date, were measured in accordance with IFRS 2 Share-based Payment and included as part of the purchase consideration (c) The Put and Call options arising from pre‑existing arrangements with the former associate, which had a net fair value of $602 thousand (eliminated as a result of gaining control over the investee), were classified and measured as financial instruments in accordance with IFRS 9 until the Closing Date. Their measurement reflected the contractual terms and the relevant market inputs prevailing as of that date. Following the acquisition of control over the investee, these balances were eliminated in consolidation, and; (d) The fair value of the Company's previously held equity investee in IoT, which prior the obtaining control had been accounted for the equity method in accordance with IAS 28. Pursuant IFRS 3, this equity investee was remeasured to its fair value of approximately $6,063 thousands as of the closing date, resulted as gain in profit or loss due obtaining control, which was recorded under ‘Other income (expenses)’ in the consolidated statement of profit or loss, (e) Settlement of pre-existing relationship amounting to $2,613 thousands.
 
The acquisition has been accounted for using the acquisition method, The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:
 
   
US Dollars in thousands
  
Cash
    
5,690
  
Settlement in options
    
1,222
  
Financial instruments, net
    
(602
)
Fair value of the equity investee
    
6,063
  
Settlement of pre-existing relationship (*)
    
2,613
  
Total consideration and previously held interests
    
14,986
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
1,049
  
Other receivables
    
2,372
  
Capitalized development costs
    
1,998
  
Property and equipment
    
28
  
Rented units
    
731
  
Customer relations
    
1,328
  
Technology
    
1,576
  
Short-term bank loans
    
(775
)
Accrued expenses
    
(684
)
Trade payables
    
(183
)
Other payables
    
(277
)
Deferred tax liability
    
(668
)
Total identifiable assets, net
    
6,495
  
Goodwill (**)
    
8,491
  
Total consideration and previously held interests
    
14,986
  
         
Cash paid upon the acquisition of a subsidiary
    
5,690
  
Cash and cash equivalents consolidated for the first time
    
(1,049
)
As reported in cash flows from investing activities for the acquisition
    
4,641
  

 

(*) Including intercompany balances that were eliminated in the consolidated financial statements.

 
 
The excess of the aggregate of the purchase consideration and the fair value of the Company’s previously held equity interest over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following is an information about revenues and losses of the Group under the assumption that IoT gain of control was completed on January 1, 2025: (1) The Group’s revenues for the reported period ended December 31, 2025, would have been $400,707 thousands, compared to $400,433 thousands as reported, and; (2) The Group's profit for reported period ended December 31, 2025, would have been $34,853 thousands compared to $35,516 thousands as reported.
 
The additional revenue included in the consolidated income statement since the date of obtaining control resulting from consolidating IoT's results was $469 thousands during the reported period. Additionally, the consolidation of IoT resulted in an decrease of $717 thousands in the profit for the reported period ended December 31, 2025.
 
(**) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for IoT, are mainly attributable to expected synergies, good reputation, and an especially talented workforce. Thus, the Goodwill resulting from the acquisition of IoT represents the excess of the aggregate of the acquisition consideration and the fair value of the Company’s previously held equity interest at the acquisition date over the net identifiable assets acquired and liabilities assumed.
 
(***) From the acquisition date, management determined that IOT Capital Technology Holdings Ltd's business activity is fully integrated into an existing cash‑generating unit.
 
Accordingly, and in line with IAS 36, the goodwill arising from the acquisition was allocated to the Unattended group of CGUs, which is expected to benefit from the synergies of the transaction.
 
e.
Business Combination of Tigapo Ltd.
 
On February 28, 2025 (the “Date of Gaining Control”), the Company obtained control over Tigapo Ltd., a company incorporated in Israel and governed by the laws of the State of Israel (hereafter "Tigapo"). Tigapo develops and provides cloud-based management, analytics, and consumer engagement solutions tailored for amusement and entertainment venue operators. Prior to the date of gaining control, the Company held 54% of the equity investee in Tigapo but did not consolidate Tigapo in its financial statements due to substantive veto rights held by the former shareholders, which prevented the Company from exercising control under IFRS 10 Consolidated Financial Statements. On the date of gaining control, followed by settlement in cash and the agreement between the Company and former shareholders of Tigapo, the acquired additional 30% of Tigapo's shares made concurrently with their waiver over the veto rights.
 
As a result, Company's voting rights increased to 84%, and gained control over Tigapo.
 
Up until that date, the investment in Tigapo was accounted for using the equity method in accordance with IAS 28  Investments in Associates and Joint Ventures. Upon obtaining control, in accordance with IFRS 3 Business Combinations, the Company remeasured its previously held equity investee at its fair value. As part of this step acquisition, the resulting gain from the remeasurement was recognized in profit or loss in the amount of approximately $6,089 thousands. Prior to the date of gaining control, the Company held Call options to acquire the remaining shares of 46% interest in Tigapo but only 30% of these options lapsed as the agreement signed with the former shareholders. Additionally, prior to the date of gaining control, the former shareholders also held Put option which obliged the Company to acquire the remaining shares of 46% interests in Tigapo. Simultaneously, these Put options for the former shareholders held 30% were also lapsed once the agreement signed with former shareholders. As the remaining put options obligated the Company to acquire the remaining 16% interest in Tigapo, options that were exercisable at any time and granted the holders the right to sell their remaining voting rights as of the date control was obtained, these put options were initially classified as a financial liability in accordance with IAS 32 Financial Instruments and IFRS 9. In November 2025, the put options were exercised, and as a result, the Company now owns 100% of Tigapo.
 
The total consideration and previously held interests on the date control was obtained comprised of: (a) Cash settlement of $3,782 thousands transferred on the date of gaining control; (b) Deferred liability of $2,244 thousands, representing the redemption amount of written Put option held by Tigapo's minority shareholders; (c) The fair value of the call options and the Put options, net, was eliminated as a result of gaining control over the investee amounted to approximately $2,885 thousands, and; (d) The fair value of the Company's previously held equity investee in Tigapo, which prior the obtaining control had been accounted for the equity method in accordance with IAS 28. Pursuant IFRS 3, this equity investee was remeasured to its fair value of approximately $9,618 thousands as of the closing date, resulted as gain in profit or loss due obtaining control, which was recorded under ‘Other income (expenses)’ in the consolidated statement of profit or loss, (e) Settlement of pre-existing relationship amounting to $4,127 thousands.
 
The acquisition has been accounted for using the acquisition method. The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:
 

  
  
US Dollars in thousands
  
Cash
    
3,782
  
Deferred liability
    
2,244
  
Fair value of the call option
    
2,885
  
Fair Value of the equity investee
    
9,618
  
 Settlement of pre-existing relationship (*)
    
4,127
  
Total consideration and previously held interests
    
22,656
  
         
Amounts recognized on merger date:
        
Cash and cash equivalents
    
264
  
Trade receivables
    
449
  
Other receivables
    
120
  
Property and equipment
    
1,331
  
Inventory
    
281
  
Customer relations
    
3,990
  
Technology
    
6,479
  
Trade payables
    
(412
)
Other payables
    
(144
)
Deferred tax liability
    
(2,408
)
Total identifiable assets, net
    
9,950
  
Goodwill (**)
    
12,706
  
Total consideration and previously held interests
    
22,656
  
         
Cash paid upon the acquisition of a subsidiary
    
3,782
  
Cash and cash equivalents consolidated for the first time
    
(264
)
As reported in cash flows from investing activities for the acquisition
    
3,518
  
 
       (*) Including intercompany balances that were eliminated in the consolidated financial statements.
 
 
The excess of the aggregate of the purchase consideration and the fair value of the Company’s previously held equity interest over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following is information about revenues and losses of the Group under the assumption that Tigapo transaction was completed on January 1, 2025: (1) The Group’s revenues for the reported period ended December 31, 2025, would have been $400,689 thousands, compared to $400,433 thousands as reported, and; (2) The Group's losses for reported period ended December 31, 2025, would have been $34,999 thousands compared to $35,516 thousands as reported.
 
The additional revenue included in the consolidated income statement since the acquisition date resulting from consolidating Tigapo's results was $2,283 thousands during the reported period. Additionally, the consolidation of Tigapo resulted in an decrease of $1,579 thousands in the profit for the reported period ended December 31, 2025.
 
(**) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for Tigapo, are mainly attributable to expected synergies, good reputation, and an especially talented workforce. Thus, the Goodwill resulting from the acquisition of Tigapo represents the excess of the aggregate of the acquisition consideration and the fair value of the Company’s previously held equity interest at the acquisition date over the net identifiable assets acquired and liabilities assumed.
 
(***) From the acquisition date, management determined that Tigapo's business activity is fully integrated into an existing cash‑generating unit.
 
Accordingly, and in line with IAS 36, the goodwill arising from the acquisition was allocated to the Unattended group of CGUs, which is expected to benefit from the synergies of the transaction.
 
f.   Acquisition of VMtecnologia LTDA.
 
On April 30, 2024, the company successfully completed the acquisition of the entire share capital of VM tecnologia LTDA. (hereinafter "VM"), a Brazilian entity incorporated under the laws of Brazil and operates in the unattended retail market with an easy-to-use, technology for cashless payment hardware and software.
 
VM's solution simplifies and enables the operation of autonomous stores with hardware, point-of-sale software, and payment solutions. The purchase consideration and remuneration comprised of (1) approximately $12,762 thousands in cash on the closing date (BRL 66,000 thousands) reduced by the Estimated Indebtedness and increased by the Estimated Cash, amounted to $11,345 thousands (BRL 58,653) (2) Deferred and contingent consideration of approximately $8,508 thousands (BRL 44,000 thousands) where an amount of $3,414 (BRL 17,887 thousands) recognized as consideration of the acquisition at fair value and the remaining amount will be recognized as remuneration. The contingent consideration of approximately $1,209 thousand (BRL 6,252 thousands) measured at fair value through profit and loss and subject to VM’s revenue performance, and the deferred consideration of approximately $2,205 thousands (BRL 11,401 thousands) measured in amortized cost and subject to final Cash, Indebtedness and Working Capital adjustments (as defined in the purchase agreement).One individual seller will receive his portion by cash, the other sellers may receive, in company's sole discretion, up to 50% of the consideration in company's shares, all to be paid in installments up to April 30, 2027 and subject to certain revenue growth conditions (3) Contingent liability structured as an earnout of approximately $5,317 thousands (BRL 27,500 thousands) where $4,834 thousands (BRL 25,000 thousands) treated as share based compensation that is not part of the consideration of the acquisition and shall be paid by the Company's shares, at the share price of the Company determined at the closing date and the remaining amount of approximately $483 thousands (BRL 2,500 thousands) will be recognized as a liability, both are due on April 30, 2027.
 
The acquisition has been accounted for using the acquisition method. The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:
 
   
US Dollars in thousands
  
Cash
    
11,345
  
Deferred consideration
    
2,205
  
Contingent consideration
    
1,209
  
Total consideration
    
14,759
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
99
  
Trade receivables
    
669
  
Other receivables
    
651
  
Property and equipment
    
6,015
  
Right of use
    
46
  
Brand
    
1,292
  
Customer relations
    
3,773
  
Technology
    
2,926
  
Trade payables
    
(407
)
Other payables
    
(710
)
Other liabilities
    
(684
)
Lease liability
    
(53
)
Long term liabilities
    
(433
)
Deferred Tax Liability
    
(2,734
)
Total identifiable assets, net
    
10,450
  
Goodwill  (*)
    
4,309
  
Total consideration
    
14,759
  
         
Cash paid upon the acquisition of a subsidiary
    
11,345
  
Cash and cash equivalents consolidated for the first time
    
(99
)
As reported in cash flows from investing activities for the acquisition
    
11,246
  
 
 
The excess of the purchase consideration over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following information is about revenues and losses of the Group under the assumption that VM transaction was completed on January 1, 2024: (1) The Group’s revenues for the reported period ended December 31, 2024, would have been $317,421 thousand, compared to $314,013 thousand as reported, and; (2) The Group's losses for reported period ended December 31, 2024, would have been $4,740 thousand compared to $5,631 thousand as reported.
 
The additional revenue included in the consolidated income statement since the acquisition date resulting from consolidating VM's results was $8,117 thousand during the reported period ended December 31, 2024. Additionally, the consolidation of VM resulted in a decrease by $797 thousand in the loss for the reported period ended December 31, 2024.
 
(*) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for VM's expressed by synergy of good reputation, an especially talented workforce. Thus, the Goodwill resulted from the acquisition of VM represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
 
g.
Acquisition of Roseman Engineering Ltd.
 
On April 1, 2024, (hereinafter "the acquisition date") the Company completed the acquisition of the entire share capital of Roseman Engineering Ltd. and Roseman Holdings Ltd. (hereinafter, together, "Roseman"). Roseman, a private entity incorporated under the laws of Israel, manage smart systems in the fields of refueling, charging stations and management systems for forecourts and vehicle fleets. The purchase consideration comprises of cash in amount of approximately $4,089 thousands (NIS 15,200 thousands), deferred consideration in amount of approximately $555 thousands (NIS 2,100 thousands) and the issuance of 19,722 Ordinary Shares worth of approximately $505 thousands (NIS 1,900 thousands) which presents their fair value through Company's equity transferred at the closing date.
 
The acquisition has been accounted for using the acquisition method. The identifiable assets acquired, and liabilities assumed have been measured at fair values as of the acquisition date. The following table summarizes the fair values of the identifiable assets and liabilities at the acquisition date:
 
   
US Dollars in thousands
  
Cash
    
4,089
  
Deferred consideration
    
555
  
Issuance of Ordinary Shares
    
505
  
Total consideration
    
5,149
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
401
  
Trade receivables
    
2,643
  
Inventory
    
1,269
  
Other receivables
    
284
  
Right of use assets
    
1,466
  
Property and equipment
    
158
  
Customer relations
    
1,109
  
Technology
    
665
  
Deferred Income
    
(693
)
Trade payables
    
(635
)
Other liabilities
    
(754
)
Other payables
    
(1,744
)
Lease liabilities
    
(1,466
)
Deferred Tax Liability
    
(408
)
Total identifiable assets, net
    
2,295
  
Goodwill  (*)
    
2,854
  
Total consideration
    
5,149
  
         
Cash paid upon the acquisition of a subsidiary
    
4,089
  
Cash and cash equivalents consolidated for the first time
    
(401
)
As reported in cash flows from investing activities for the acquisition
    
3,688
  
 
 
The excess of the purchase consideration over the fair value of the net identifiable assets has been recorded as Goodwill. Goodwill represents the expected synergies and intangible assets that do not qualify for separate recognition.
 
The following is information about revenues and losses of the Group under the assumption that Roseman transaction was completed on January 1, 2024: (1) The Group’s revenues for the reported period ended December 31, 2024, would have been $315,847 thousand, compared to $314,013 thousand as reported, and; (2) The Group's losses for reported period ended December 31, 2024, would have been $5,827 thousand compared to $5,631 thousand as reported.
 
The additional revenue included in the consolidated income statement since the acquisition date resulting from consolidating Roseman's results was $7,488 thousand during the reported period ended December 31, 2024. Additionally, the consolidation of Roseman resulted in a decrease of $1,090 thousand in the loss for the reported period ended December 31, 2024.
 
(*) The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Roseman's expressed by synergy of good reputation, brand identity, an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Roseman represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
 
h.
Acquisition of Retail Pro
 
On November 30, 2023, (hereinafter “The Closing Date”) the company successfully concluded its acquisition of Retail Pro International, LLC (hereinafter “RPI”), a leading global entity in retail Point of Sale (POS) software. RPI owns an intellectual property catering to both mid-size and global retailers with a full-featured, flexible product designed to navigate the complexities of the global retail landscape. The purchase price for the transaction represents an implied enterprise value of $34.5 million on a cash-free debt-free basis, to be paid partially in cash and the remainder in cash or equity, subject to certain earnout targets being met (refer to note 14). The remaining amount of approximately $14.6 million will be paid over a three-year period, since the specific earnout targets were met as of the date of these financial statements, and may be settled in either cash or equity at the company's discretion (hereinafter "Contingent consideration"). It will be broken up into 5 payments, with the first payment of 33% of the contingent consideration (approximately $5.5 million) being due January 2025, and the rest being broken up into 4 semi-annual payments of 16.67% of the contingent consideration (approximately $2,768 thousand each) beginning July 2025. The first payment of the contingent consideration will include a reduction of $2 million due to a portion of deferred revenues to be recognized subsequent to the acquisition.
 
The following table presents the consideration for RPI's acquisition, and the amounts recognized for assets acquired and liabilities assumed at fair value:
 
   
US Dollars in thousands
  
Consideration paid in cash
    
18,759
  
Contingent Consideration
    
12,141
  
Total consideration
    
30,900
  
         
Amounts recognized on the acquistion date:
        
Cash and cash equivalents
    
430
  
Trade receivables
    
1,854
  
Other receivables
    
280
  
Property and equipment
    
140
  
Technology
    
20,148
  
Customer relations
    
7,092
  
Brand
    
3,031
  
Trade payables
    
(1,339
)
Other payables
    
(924
)
Deferred Tax Liability
    
(2,626
)
Total identifiable assets, net
    
28,086
  
Goodwill  (*)
    
2,814
  
Total consideration
    
30,900
  
         
Cash paid upon the acquisition of a subsidiary
    
18,759
  
Cash and cash equivalents consolidated for the first time
    
(430
)
As reported in cash flows from investing activities for the acquisition
    
18,329
  
 
 
The following information is about revenues and losses of the Group under the assumption that the RPI transaction was completed on January 1, 2023: (1) The Group’s revenues for the year ended December 31, 2023, would have been $251,391 thousand, compared to $235,491 thousand as reported, and; (2) The Group's losses for year ended December 31, 2023, would have been $8,910 thousand compared to $15,887 thousand as reported.
 
The additional revenue included in the consolidated 2023 income statement since Acquisition Date resulting from consolidating RPI's results was $503 thousand during the year. Additionally, the consolidation of RPI resulted in an increase by $310 thousand in the loss for the year.
 
(*) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for RPI's expressed by synergy of good reputation, and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of RPI represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
v3.25.4
CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2025
Cash and cash equivalents [abstract]  
CASH AND CASH EQUIVALENTS:
NOTE 7 - CASH AND CASH EQUIVALENTS:
 
Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Below is the composition of cash and cash equivalents by US Dollar and other currencies:
 
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
US Dollar
    
47,157
      
56,141
  
New Israeli Shekel
    
239,952
      
4,939
  
Euro
    
8,295
      
4,758
  
British pound sterling
    
5,577
      
5,169
  
Australian Dollar
    
2,442
      
1,495
  
Other currencies
    
16,115
      
10,628
  
     
319,538
      
83,130
  
v3.25.4
RESTRICTED CASH TRANSFERABLE TO CUSTOMERS FOR PROCESSING ACTIVITY
 12 Months Ended
Dec. 31, 2025
Disclosure Of Restricted Cash [Abstract]  
RESTRICTED CASH TRANSFERABLE TO CUSTOMERS FOR PROCESSING ACTIVITY
NOTE 8 - RESTRICTED CASH TRANSFERABLE TO CUSTOMERS FOR PROCESSING ACTIVITY
 
Some of our entities within the Group that hold Payment Institution Licenses in various jurisdictions are subject to regulations which according to client funds are held in segregated accounts prior to being transferred or processed as part of the Group’s payment activities.
 
As of December 31, 2025 and 2024, $91,965 and $60,299  thousand, respectively, were held in segregated accounts for the Group's customers.
v3.25.4
TRADE RECEIVABLES
 12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
TRADE RECEIVABLES
NOTE 9 - TRADE RECEIVABLES
 
Trade receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components then they are recognized at fair value. The balance subsequently measured at amortized cost less allowance for credit losses. Below is the composition of trade receivables in net values:
 
a.  Composed as follows:
 
 
  
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Open accounts
    
111,769
      
59,473
  
Less - provision of allowance for credit loss
    
(7,794
)
    
(3,779
)
Trade receivables - net
    
103,975
      
55,694
  
 
For information about receivable aging and calculating the impairment of accounts receivables in 2025 and 2024, see note 4(2).
 
b.  Changes in provision of allowance for credit loss:
 
   
US Dollars in 
thousands
  
       
Balance as of January 1, 2025
    
3,779
  
Amounts provided against profit or loss in respect of receivables for which
the provision for loss is measured over the entire life of the receivable balance
        
   
4,015
  
Balance as of December 31, 2025
    
7,794
  
         
Balance as of January 1, 2024
    
1,866
  
Amounts provided against profit or loss in respect of receivables for which
the provision for loss is measured over the entire life of the receivable balance
        
   
1,913
  
Balance as of December 31, 2024
    
3,779
  
v3.25.4
LEASES
 12 Months Ended
Dec. 31, 2025
Presentation of leases for lessee [abstract]  
LEASES
NOTE 10 - LEASES
 
a.
General
 
As of December 31, 2025, the Group had right of use assets related to leased buildings used as the Group’s used for operating activities. Set forth below are the right-of-use asset years of depreciation and the interest rates used to discount the lease payments:
 
   
Years of depreciation
    
Interest
rate
  
Buildings
      2-10      
1.43%-7.5
%
 
b.
Composition and movement of right-of-use assets:
 
The following is the composition of right-of-use asset balances as of December 31, 2025:
 
   
Buildings
  
   
US Dollars in thousands
  
Cost:
      
Balance as of January 1, 2025
    
14,501
  
Additions during the year
    
4,883
  
Additions in respect of acquisition
    
266
  
Other changes
    
263
  
Balance as of December 31, 2025
    
19,913
  
         
Depreciation and amortization:
        
Balance as of January 1, 2025
    
8,209
  
Depreciation during the year
    
2,793
  
Balance as of December 31, 2025
    
11,002
  
         
Right-of-use assets - net
    
8,911
  
 
The following is the composition of right-of-use asset balances as of December 31, 2024:
 
   
Buildings
  
   
US Dollars in thousands
  
Cost:
      
Balance as of January 1, 2024
    
11,087
  
Additions during the year
    
1,653
  
Additions in respect of acquisition
    
1,512
  
Other changes
    
249
  
Balance as of December 31, 2024
    
14,501
  
         
Depreciation and amortization:
        
Balance as of January 1, 2024
    
5,746
  
Depreciation during the year
    
2,463
  
Balance as of December 31, 2024
    
8,209
  
         
Right-of-use assets - net
    
6,292
  
 

 

The following is the composition of right-of-use asset balances as of December 31, 2023:
 
   
 
Buildings
    
Technological equipment
    
 
Total
  
   
US Dollars in thousands
  
Cost:
                  
Balance as of January 1, 2023
    
10,947
      
331
      
11,278
  
Additions during the year
    
338
      
-
      
338
  
Disposals
    
(455
)
    
(331
)
    
(786
)
Other changes
    
257
      
-
      
257
  
Balance as of December 31, 2023
    
11,087
      
-
      
11,087
  
                         
Depreciation and amortization:
                        
Balance as of January 1, 2023
    
3,579
      
318
      
3,897
  
Depreciation during the year
    
2,167
      
11
      
2,178
  
Disposals
    
-
      
(329
)
    
(329
)
Balance as of December 31, 2023
    
5,746
      
-
      
5,746
  
                         
Right-of-use assets - net
    
5,341
      
-
      
5,341
  
 
c.   Composition and changes in lease liabilities
 
The following table summarizes the composition of lease liability balances as of December 31, 2025:
 
   
Buildings
  
   
US Dollars in thousands
  
Balance as of January 1, 2025
    
7,045
  
Additions during the year
    
4,883
  
Additions in respect of acquisition
    
273
  
Interest expenses
    
398
  
Lease payments
    
(3,448
)
Other changes
    
725
  
Balance as of December 31, 2025
    
9,876
  
         
Current maturities of lease liabilities
    
3,474
  
Long-term lease liabilities
    
6,402
  
Balance as of December 31, 2025
    
9,876
  
 

 

The following table summarizes the composition of lease liability balances as of December 31, 2024:
 
   
Buildings
  
   
US Dollars in thousands
  
Balance as of January 1, 2024
    
6,294
  
Additions during the year
    
1,653
  
Additions in respect of acquisition
    
1,519
  
Interest expenses
    
342
  
Lease payments
    
(2,997
)
Other changes
    
234
  
Balance as of December 31, 2024
    
7,045
  
         
Current maturities of lease liabilities
    
2,967
  
Long-term lease liabilities
    
4,078
  
Balance as of December 31, 2024
    
7,045
  
 
The following table summarizes the composition of lease liability balances as of December 31, 2023:
 
   
Buildings
    
Technological equipment
    
Total
  
   
US Dollars in thousands
  
Balance as of January 1, 2023
    
8,141
      
9
      
8,150
  
Additions during the year
    
338
      
-
      
338
  
Interest expenses
    
330
      
-
      
330
  
Lease payments
    
(2,503
)
    
(9
)
    
(2,512
)
Other changes
    
(12
)
    
-
      
(12
)
Balance as of December 31, 2023
    
6,294
      
-
      
6,294
  
                         
Current maturities of lease liabilities
    
2,145
      
-
      
2,145
  
Long-term lease liabilities
    
4,149
      
-
      
4,149
  
Balance as of December 31, 2023
    
6,294
      
-
      
6,294
  
 
  d.
The Group incurred expenses in the amounts of $885, $402 and $330 thousand in 2025, 2024 and 2023, respectively, related to short-term leases, which were included in research and development expenses and selling, general and administrative expenses.
v3.25.4
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 11 - PROPERTY, PLANT AND EQUIPMENT
 
Composition of property and equipment and accumulated depreciation thereon, grouped by major classifications, and changes therein in 2025, are as follows:
 
   
Leasehold improvements
    
Computers and peripheral equipment
    
Rented POS devices
    
Machines and equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                              
Balance as of January 1, 2025
    
4,055
      
17,584
      
6,914
      
633
      
29,186
  
Additions
    
290
      
733
      
4,493
      
10
      
5,526
  
Acquired through business combinations
    
205
      
259
      
2,666
      
2,954
      
6,084
  
Disposals
    
(60
)
    
(68
)
    
(223
)
    
-
      
(351
)
Translation differences
    
32
      
149
      
1,209
      
(104
)
    
1,286
  
Balance as of December 31, 2025
    
4,522
      
18,657
      
15,059
      
3,493
      
41,731
  
                                         
Accumulated depreciation:
                                        
Balance as of January 1, 2025
    
1,581
      
14,903
      
1,204
      
386
      
18,074
  
Depreciation during the year
    
430
      
1,235
      
1,356
      
156
      
3,177
  
Disposals
    
(60
)
    
(68
)
    
(223
)
    
-
      
(351
)
Translation differences
    
28
      
83
      
390
      
(32
)
    
469
  
Balance as of December 31, 2025
    
1,979
      
16,153
      
2,727
      
510
      
21,369
  
                                         
Net book value:
                                        
As of December 31, 2025
    
2,543
      
2,504
      
12,332
      
2,983
      
20,362
  
 
Composition of property and equipment and accumulated depreciation thereon, grouped by major classifications, and changes therein in 2024, are as follows:
 
   
Leasehold improvements
    
Computers and peripheral equipment
    
Rented POS devices
    
Machines and equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                              
Balance as of January 1, 2024
    
3,969
      
16,071
      
639
      
586
      
21,265
  
Additions
    
46
      
1,364
      
1,818
      
5
      
3,233
  
Acquired through business combinations
    
49
      
273
      
5,806
      
45
      
6,173
  
Disposals
    
-
      
(83
)
    
-
      
-
      
(83
)
Translation differences
    
(9
)
    
(41
)
    
(1,349
)
    
(3
)
    
(1,402
)
Balance as of December 31, 2024
    
4,055
      
17,584
      
6,914
      
633
      
29,186
  
                                         
Accumulated depreciation:
                                        
Balance as of January 1, 2024
    
1,194
      
13,720
      
552
      
312
      
15,778
  
Depreciation during the year
    
390
      
1,284
      
937
      
75
      
2,686
  
Disposals
    
-
      
(82
)
    
-
      
-
      
(82
)
Translation differences
    
(3
)
    
(19
)
    
(285
)
    
(1
)
    
(308
)
Balance as of December 31, 2024
    
1,581
      
14,903
      
1,204
      
386
      
18,074
  
                                         
Net book value:
                                        
As of December 31, 2024
    
2,474
      
2,681
      
5,710
      
247
      
11,112
  
 

 

Composition of property and equipment and accumulated depreciation thereon, grouped by major classifications, and changes therein in 2023, are as follows:
 
   
Leasehold improvements
    
Computers and peripheral equipment
    
Rented POS devices
    
Machines and equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                              
Balance as of January 1, 2023
    
3,956
      
15,380
      
606
      
586
      
20,528
  
Additions
    
13
      
641
      
54
      
-
      
708
  
Acquired through business combinations
    
-
      
140
      
-
      
-
      
140
  
Disposals
    
-
      
(83
)
    
-
      
-
      
(83
)
Translation differences
    
-
      
(7
)
    
(21
)
    
-
      
(28
)
Balance as of December 31, 2023
    
3,969
      
16,071
      
639
      
586
      
21,265
  
                                         
Accumulated depreciation:
                                        
Balance as of January 1, 2023
    
883
      
12,391
      
316
      
270
      
13,860
  
Depreciation during the year
    
311
      
1,414
      
237
      
42
      
2,004
  
Disposals
    
-
      
(83
)
    
-
      
-
      
(83
)
Translation differences
    
-
      
(2
)
    
(1
)
    
-
      
(3
)
Balance as of December 31, 2023
    
1,194
      
13,720
      
552
      
312
      
15,778
  
                                         
Net book value:
                                        
As of December 31, 2023
    
2,775
      
2,351
      
87
      
274
      
5,487
  
v3.25.4
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Intangible assets and goodwill [abstract]  
GOODWILL AND INTANGIBLE ASSETS
NOTE 12 - GOODWILL AND INTANGIBLE ASSETS
Composition of intangible assets and accumulated amortization thereon, grouped by major classifications, and changes therein in 2025 are as follows:
 
  

Capitalized development costs **
 
 
  

Distribution rights and brand*
 
 
  

Customer relationships purchased *
 
 
  

Technology **
 
 
  

Goodwill (a)
 
 
  

Patents **
 
 
  

Total
   
US Dollars in thousands
  
Cost:
                                          
Balance as of January 1, 2025
    
87,307
      
9,404
      
20,154
      
29,231
      
19,263
      
806
      
166,165
  
Additions
    
22,191
      
-
      
-
      
2,933
      
-
      
-
      
25,124
  
Acquired through business combinations
    
1,998
      
-
      
6,713
      
10,518
      
43,356
      
-
      
62,585
  
Translation differences
    
1,673
      
139
      
1,013
      
767
      
1,755
      
-
      
5,347
  
Balance as of December 31, 2025
    
113,169
      
9,543
      
27,880
      
43,449
      
64,374
      
806
      
259,221
  
                                                         
Accumulated amortization:
                                                        
Balance as of January 1, 2025
    
29,876
      
3,533
      
6,876
      
7,977
      
-
      
233
      
48,495
  
Amortization
    
7,955
      
1,110
      
4,240
      
6,151
      
-
      
61
      
19,517
  
Translation differences
    
152
      
16
      
259
      
289
      
-
      
-
      
716
  
Balance as of December 31, 2025
    
37,983
      
4,659
      
11,375
      
14,417
      
-
      
294
      
68,728
  
                                                         
Net book value:
                                                        
As of December 31, 2025
    
75,186
      
4,884
      
16,505
      
29,032
      
64,374
      
512
      
190,493
  

 

Composition of intangible assets and accumulated amortization thereon, grouped by major classifications, and changes therein in 2024 are as follows:
 
   
Capitalized development costs **
    
Distribution rights and brand*
    
Customer relationships purchased *
    
Technology **
    
Goodwill (a)
    
Patents **
    
Total
  
   
US Dollars in thousands
  
Cost:
                                          
Balance as of January 1, 2024
    
66,415
      
8,323
      
15,916
      
24,574
      
12,866
      
806
      
128,900
  
Additions
    
20,930
      
-
      
-
      
1,681
      
-
      
-
      
22,611
  
Acquired through business combinations
    
-
      
1,292
      
4,882
      
3,591
      
7,163
      
-
      
16,928
  
Translation differences
    
(38
)
    
(211
)
    
(644
)
    
(615
)
    
(766
)
    
-
      
(2,274
)
Balance as of December 31, 2024
    
87,307
      
9,404
      
20,154
      
29,231
      
19,263
      
806
      
166,165
  
                                                         
Accumulated amortization:
                                                        
Balance as of January 1, 2024
    
23,451
      
2,576
      
3,260
      
3,031
      
-
      
171
      
32,489
  
Amortization
    
6,428
      
969
      
3,684
      
5,078
      
-
      
62
      
16,221
  
Translation differences
    
(3
)
    
(12
)
    
(68
)
    
(132
)
    
-
      
-
      
(215
)
Balance as of December 31, 2024
    
29,876
      
3,533
      
6,876
      
7,977
      
-
      
233
      
48,495
  
                                                         
Net book value:
                                                        
As of December 31, 2024
    
57,431
      
5,871
      
13,278
      
21,254
      
19,263
      
573
      
117,670
  

 

Composition of intangible assets and accumulated amortization thereon, grouped by major classifications, and changes therein in 2023 are as follows:
 
   
Capitalized development costs **
    
Distribution rights and brand *
    
Customer relationships purchased *
    
Technology **
    
Goodwill (a)
    
Patents **
    
Total
  
   
US Dollars in thousands
  
Cost:
                                          
Balance as of January 1, 2023
    
49,806
      
5,292
      
8,884
      
4,456
      
10,196
      
806
      
79,440
  
Additions
    
16,773
      
-
      
-
      
-
      
-
      
-
      
16,773
  
Acquired through business combinations
    
-
      
3,031
      
7,092
      
20,148
      
2,814
      
-
      
33,085
  
Disposals
    
(138
)
    
-
      
-
      
-
      
-
      
-
      
(138
)
Translation differences
    
(26
)
    
-
      
(60
)
    
(30
)
    
(144
)
    
-
      
(260
)
Balance as of December 31, 2023
    
66,415
      
8,323
      
15,916
      
24,574
      
12,866
      
806
      
128,900
  
                                                         
Accumulated amortization:
                                                        
Balance as of January 1, 2023
    
18,206
      
2,261
      
1,693
      
2,055
      
-
      
109
      
24,324
  
Amortization
    
5,386
      
315
      
1,574
      
984
      
-
      
62
      
8,321
  
Disposals
    
(138
)
    
-
      
-
      
-
      
-
      
-
      
(138
)
Translation differences
    
(3
)
    
-
      
(7
)
    
(8
)
    
-
      
-
      
(18
)
Balance as of December 31, 2023
    
23,451
      
2,576
      
3,260
      
3,031
      
-
      
171
      
32,489
  
                                                         
Net book value:
                                                        
As of December 31, 2023
    
42,964
      
5,747
      
12,656
      
21,543
      
12,866
      
635
      
96,411
  
 
*Amortization of customer relationship and distribution rights are included under selling, general and administrative expenses.
 
**Amortization of technology, patents and development costs are included in “Depreciation and amortization in respect of technology and capitalized development costs”.

 

(a)
Goodwill
 
The group tests whether goodwill has suffered any impairment on an annual basis. For the 2025 reporting period, the recoverable amount of the cash-generating units (CGUs or groups of CGUs) was determined based on value-in-use calculations which require the use of assumptions. The calculations use cash flow projections based on financial budgets approved by management. The discount rate was a pre-tax measure using a rate of return that reflects the relative risk of the investment, as well as the time value of money. Five years of cash flows were included in the discounted cash flow model. Cash flows beyond the five-year period are extrapolated using the estimated growth rates stated below. These growth rates are consistent with forecasts included in industry reports specific to the industry in which each CGU operates.
 
During 2025, the Group reviewed its CGUs in light of acquisitions completed during the year and concluded that there are four CGUs or groups of CGUs: Unattended, Fuel, Retail, Lynkwell. Each CGU or groups of CGUs includes the related goodwill arising from past acquisitions.
 
  1.
Unattended group of CGUs
 
In light of the acquisitions completed in 2025, the Group allocates the goodwill arising from the acquisitions of Uppay, Inepro Pay, IoT and Tigapo, acquired during the year, together with the goodwill relating to the existing acquisitions VM, OTI, Weezmo and Vendsys, to a group of CGUs comprising the Unattended activity. In addition, as additional impairment testing, each of the existing acquisitions assigned to the group of CGUs comprising the Unattended activity, which had previously been allocated goodwill separately, was tested individually for goodwill impairment immediately prior to being combined into the Unattended activity.
 
 
Unattended group of CGUs
Growth rate
2%
Discount rate
13.8%
 
Management has concluded that no impairment of goodwill was required in respect of the Unattended group of CGUs.
 
The following acquisitions, were tested separately in accordance with IAS 36:
 
  1.
VMtecnologia LTDA. - As part of the business combination for the purchase of VM Technologia LTDA (hereinafter – "VM") the company recognition of goodwill in the total amount of $4,309 thousand. The following key assumptions were used to determine the value in use of the CGU as at December 31, 2025:
 
 
VM
Growth rate
3.5%
Discount rate
19.6%
 
The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.
 
  2.
On Track Innovations Ltd. - As part of the business combination for the purchase of On Track Innovations Ltd. (hereinafter – "OTI") the Company recognized goodwill in the total amount of $2,724 thousand. The following key assumptions were used to determine the value in use of the CGU as at December 31, 2025:
 
 
OTI
Growth rate
2%
Discount rate
21%
 
The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.
 

 

  1.
Unattended group of CGUs (continued)
 
  3. Weezmo - As part of the business combination related to the acquisition of Weezmo, a goodwill in the amount of $4,078 thousand was recognized. The following key assumptions were used to determine the value in use of the CGUs as at December 31, 2025:

 

 
Weezmo
Growth rate
2%
Discount rate
21%
 
The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.
 
  4.  
Vendsys - As part of the business combination related to the acquisition of Greenhithe Software Solutions Ltd (hereinafter – "Vendsys") the Company recognized goodwill in the total amount of $891 thousand. The following key assumptions were used to determine the value in use of the CGU as at December 31, 2025:
 
 
Vendsys
Growth rate
4%
Discount rate
12%
 
The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.
 
  2.
Fuel
 
  a.
Roseman Holdings Ltd. and Roseman Engineering Ltd. - As part of the business combination for the purchase of Roseman Holdings Ltd. and Roseman Engineering Ltd. (hereinafter – "Roseman") the company recognition of goodwill in the total amount of $2,854 thousand. The following key assumptions were used to determine the value in use of the CGU as at December 31, 2025:
 
 
Roseman
Growth rate
2%
Discount rate
15%
 
The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.
 
  3.
Lynkwell - During the fiscal year 2025, the Company completed the acquisition of the entire share capital of EVRedi, Inc (hereinafter "Lynkwell"), resulting in the recognition of goodwill (see note 6a). Under IAS 36 Impairment of Assets, the company is required to perform an annual impairment test on goodwill. As part of the business combination for the purchase of Lynkwell, the Company recognized goodwill in the total amount of $18,025 thousand. The following key assumptions were used to determine the value in use of the CGU as at December 31, 2025:
 
 
Lynkwell
Growth rate
2%
Discount rate
20%
 

The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.

 

  4.
Retail CGU - As part of the business combination for the purchase of Nayax Retail Ltd. (hereinafter "Nayax Retail") and Retail Pro LLC., the Company recognized goodwill in the total amount of $5,172 thousand. The following key assumptions were used to determine the value in use of the CGUs as at December 31, 2025:
 
 
Retail
Growth rate
2%
Discount rate
21%
 
The recoverable amount is greater than the carrying amount, and no impairment of goodwill was required.
v3.25.4
Liabilities to Banks and debentures
 12 Months Ended
Dec. 31, 2025
Credit And Loans From Banks [Abstract]  
Liabilities to Banks and debentures
NOTE 13 - Liabilities to Banks and debentures
 
a.
Short-term bank credit(*)
 
  1)
The Company is a party to a short-term credit facility with an Israeli bank with commitments totaling $15 million (NIS 54 million). As of December 31, 2025, no amounts were outstanding under the short-term credit facility. The short-term credit facility bears a prime based variable interest rate. (*)
 
  2)
In May 2023 the company received a short-term credit facility in the amount of NIS 17 million (approximately $4.8 million) from an Israeli bank that bears a prime based variable interest rate. During 2025, the company fully repaid the credit facility, and the credit facility was terminated. Accordingly, as of December 31, 2025, no amounts were outstanding and the company had no available credit under this facility.
 
  3)
In July 2023, the Company entered into an additional short-term credit facility with an Israeli bank in the amount of $9.75 million, which was later increased to $30 million. The short-term credit facility bears a prime based variable interest rate. In November 2023, the same bank approved an additional loan in amount of $17 million that was used as a bridge loan for the purchase of Retail Pro’s intellectual property and the purchase of all of Retail Pro’s equity rights by a fully owned subsidiary of the company. See note 13b(2) (*)
 
(*) Under the credit facilities above of the financing agreements, the Company is required to meet certain financial covenants. As of December 31, 2025, the Company met all the covenants.
 
b.
Long-term bank loans
 
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Total bank loans
    
13,685
      
22,583
  
Less - current maturities
    
(3,220
)
    
(3,978
)
Total long-term bank loans
    
10,465
      
18,605
  
 
  1.
In May 2020, the Company received a long-term loan from an Israeli Bank, backed by a government guarantee, in the amount of NIS 15 million ($4.25 million). During March, 2025, the company made the final principal payment of the loan, accordingly as of December 31, 2025, no outstanding balance remains.
 
  2.
In February 25, 2024, the Company fully repaid the bridge loan disclosed under note 13a(3) and received from the same bank an approval for a long-term loan. The long-term loan bears a SOFR based variable interest rates. As of December 31, 2025, the Company met all the covenants.
 
  3.
On December 18, 2024, a loan principal of NIS 21 million (approximately USD 5,675 thousand) was received, to be repaid in equal quarterly installments over a period of six years from the loan receipt date. The interest bears a prime-based variable interest rate. During March 2025, the company repaid the full outstanding loan principal, accordingly as of December 31, 2025 no outstanding balance remains.
 
The carrying amount of the credit and loans from banks reasonably approximate their fair value.

 

c.
Issuance of debentures and warrants
 
On March 11, 2025, the Company completed a public offering of 486,291 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants, at a price of NIS 1,021 per unit. The offering generated gross proceeds of approximately NIS 496.5 million (approximately $137.1 million). The net proceeds of approximately NIS 485.8 million (approximately $133 million) are intended for general corporate purposes, including debt repayment and potential acquisitions. The debentures bear a fixed annual interest rate of 5.9%, maturing on September 30, 2030, with principal repayments in four unequal annual installments from 2027 to 2030.
 
Each Warrant is an equity‑classified instrument, exercisable for one ordinary share at an exercise price of NIS 177.8 ($48) per share, representing a 37% premium over the Company’s share price on March 6, 2025. The exercise price is subject to USD-NIS exchange rate creating a “fixed-for-fixed” adjustment mechanism, as of December 31, 2025 the exercise price is 155.5 ($48). The Warrants will expire on March 31, 2027.
 
The debentures were classified as a financial liability and measured at amortized cost in accordance with IFRS 9, as they represent a contractual obligation to deliver cash and do not contain equity conversion features. The warrants, on the other hand, were classified as an equity instrument under IAS 32, as they are settled in the Company’s own equity instruments for a fixed amount of cash and meet the “fixed-for-fixed” criterion. Out of the total proceeds received, an amount of NIS 20.7 million (approximately $5.7 million) was allocated to the warrants and recognized in equity. The debentures and warrants are listed separately on the Tel-Aviv Stock Exchange.
 
The Company has undertaken to maintain minimum equity of $80 million and an Equity-to-Assets ratio of at least 21% and has agreed to limit dividend distributions and share buybacks unless equity exceeds $120 million and the Equity-to-Assets ratio is at least 29%. As of the reporting date, the Company was in full compliance with the financial covenants stipulated in the debentures indenture.
 
On December 11, 2025, the Company expanded its bond series, raising approximately NIS 565.5 million (approximately $176 million) at a price of NIS 1,091 per unit, based on full allocation at the closing price. The offering comprised 518,381 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants. The net proceeds amounted to approximately NIS 558.6 million (approximately $173.9 million). Out of the total proceeds received in the December 2025 expansion, an amount of NIS 34.9 million (approximately $10.8 million) was allocated to the warrants and recognized in equity.
 
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Debentures
    
314,064
      
-
  
v3.25.4
OTHER LONG-TERM LIABILTIES
 12 Months Ended
Dec. 31, 2025
Other Long Term Liabilties [Abstract]  
OTHER LONG-TERM LIABILTIES
NOTE 14 - OTHER LONG-TERM LIABILTIES
 
Composition of other long-term liabilities, net of current maturities
 
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Contingent consideration, see note 6 (*)
    
3,231
      
14,290
  
Deferred consideration, see note 6 (*)
    
2,488
      
1,844
  
Other
    
3,610
      
5,079
  
     
9,329
      
21,213
  
 
Current maturities of other long-term liabilities of $5,538 are included in current liabilities.
 
(*) With regards to liability for deferred and contingent payments as of December 31, 2025, the company recognized a deferred and contingent liabilities as part of the acquisitions of Retail Pro International LLC, VMtecnologia LTDA and Uppay Serviços De Tecnologia Da Informação S.A, see note 6.
v3.25.4
INCOME TAXES
 12 Months Ended
Dec. 31, 2025
Disclosure Of Income Taxes [Abstract]  
INCOME TAXES

NOTE 15 - INCOME TAXES

 
a.
Taxation of the Company in Israel
 
  1)
Tax rates:
 
The Company’s income in Israel (except for income qualifying for reduced tax rates under Israel encouragement law, see paragraph 2 below) is taxed at regular rates. The Israeli corporate tax rate in 2018 and thereafter is 23%. Capital gains of the Company in Israel are subject to tax at the regular corporate tax rate applicable during the tax year.
 
  2)
In December 2020, the Company received an in-agreement tax ruling, indicating that the enterprise of the Company meets the definition of a Technological Preferred Enterprise, and that the income of the Company from selling POS devices, provision of processing SaaS are deemed "technology income" as defined by Section 51 to the Encouragement of Capital Investment Law, 1959 (hereinafter - "the Law"), which are subject to 12% tax, while income attributed to production are "preferred income", as this term is defined by Section 51 to the Law, which are subject to 16% or 7.5%. tax (depending on the production activity place). This tax ruling applies to the Company beginning in the 2020 tax year through 2025. As of the date of these financial statements, the company is in the process of renewing this tax status for subsequent years.
 
b.
Taxation of subsidiaries outside of Israel
 
Subsidiaries that are incorporated outside Israel are assessed for tax under the tax laws applicable in their countries of residence. The principal tax rates applicable in 2025 to subsidiaries outside Israel are as follows:
 
Companies incorporated in the United States – tax rate of 34.7% (including federal, state and branch profits tax). The company incorporated in the UK – tax rate of between 19% to 25%. The company incorporated in Australia – tax rate of 30%. The company incorporated in Lithuania –corporate tax rate of 16% for 2025 tax period, and 17% for the 2026 and subsequent tax periods, In Mexico 30%, in Germany 15.5% (including solidarity surcharge) plus 14% trade tax. The companies incorporated in Brazil 34%. Generally, inter-company transactions between the Company and subsidiaries outside Israel are subject to the provisions and reporting requirements set out in the Income Tax Regulations (Determination of Market Terms), 2006.
 
c.
Carry forward losses
 
Deferred tax assets on carryforward losses are recognized if the exercise of the relevant tax benefit is expected in the foreseeable future against a taxable income.
 
As of December 31, 2025 and 2024, the Company’s carryforward tax losses in Israel amounted to $188,893 thousand and $28,433 thousand, respectively. The 2025 balance includes carryforward tax losses absorbed from an Israeli subsidiary merged into the Company during the year.
 
The Group recognizes deferred taxes in respect of carryforward losses stemming from the Group only up to the amount of the liability for deferred tax, since the utilization of those losses is not expected in the foreseeable future. Carryforward tax losses accrued in Israel may be offset over an unlimited time.
 
d.  Tax assessments
 
The limitation period in Israel of tax assessments filed by taxpayers in respect of tax year 2013 and thereafter is 4 years from the end of the tax year in which a tax return was filed.
 
Accordingly, the Company’s tax assessments through tax year 2019 are considered to be final.
 
e.
Tax rate reconciliation:
 
The reconciliation of the theoretical tax benefit (expense) by the Israeli statutory tax rate to the Company's effective benefit (expense) taxes are as follows:
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Profit (Loss) before taxes on income
    
34,566
      
(4,384
)
    
(14,672
)
Statutory tax rate
    
23
%
    
23
%
    
23
%
Theoretical income tax benefit (expenses)
    
(7,950
)
    
1,008
      
3,375
  
Share-based payment expenses which are not deductible
    
(1,897
)
    
(1,660
)
    
(1,388
)
Carry forward losses without deferred taxes recognition
    
7,675
      
(521
)
    
(3,176
)
Accounting gain arising from obtaining control, not taxable
    
2,795
      
-
      
-
  
Other
    
327
      
(74
)
    
(26
)
Effective tax benefit (expenses)
    
950
      
(1,247
)
    
(1,215
)
 
f.
Deferred income tax:
 
The composition of deferred taxes as of statement of financial position dates and the change thereof in those years is:
 
   
 
Intangible assets
    
Provisions for employee rights
    
 
Other
    
Losses for tax purposes
    
 
Total
  
   
US Dollars in thousands
  
Balance at January 1, 2025
    
(5,923
)
    
689
      
-
      
960
      
(4,274
)
Change in 2025:
                                        
Recognized in income statement
    
155
      
71
      
-
      
5,173
      
5,399
  
Deferred taxes created in acquisition of subsidiary
    
(4,068
)
    
-
      
-
      
-
      
(4,068
)
Recognized in translation currency difference reserve
    
(101
)
    
-
      
-
      
-
      
(101
)
Balance at December 31, 2025
    
(9,937
)
    
760
      
-
      
6,133
      
(3,044
)
Balance at January 1, 2024
    
(4,104
)
    
579
      
-
      
417
      
(3,108
)
Change in 2024:
                                        
Recognized in income statement
    
987
      
110
      
-
      
543
      
1,640
  
Deferred taxes created in acquisition of subsidiary
    
(3,142
)
    
-
      
-
      
-
      
(3,142
)
Recognized in translation currency difference reserve
    
336
      
-
      
-
      
-
      
336
  
Balance at December 31, 2024
    
(5,923
)
    
689
      
-
      
960
      
(4,274
)
Balance at January 1, 2023
    
(1,074
)
    
44
      
44
      
193
      
(793
)
Change in 2023:
                                        
Recognized in income statement
    
(421
)
    
535
      
(44
)
    
224
      
294
  
Deferred taxes created in acquisition of subsidiary
    
(2,626
)
    
-
      
-
      
-
      
(2,626
)
Recognized in translation currency difference reserve
    
17
      
-
      
-
      
-
      
17
  
Balance at December 31, 2023
    
(4,104
)
    
579
      
-
      
417
      
(3,108
)

 

Deferred taxes are presented in the statement of financial position as follows:
 
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Non-current assets
    
3,901
      
-
  
Non-current liabilities
    
(6,945
)
    
(4,274
)
     
(3,044
)
    
(4,274
)
 
g.
Taxes on income included in profit or loss:
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Current tax expenses
    
(4,449
)
    
(2,887
)
    
(1,509
)
Deferred tax income
    
5,399
      
1,640
      
294
  
     
950
      
(1,247
)
    
(1,215
)
v3.25.4
CAPITAL AND RESERVES
 12 Months Ended
Dec. 31, 2025
Disclosure of classes of share capital [abstract]  
CAPITAL AND RESERVES
NOTE 16 - CAPITAL AND RESERVES
 
a.
Composition:
 
The share capital as of December 31, 2025, is composed of Ordinary shares, all having ILS 0.001 par value, as follows:
 
   

Number of shares

    

In thousands

  
   
Authorized
    
Issued and paid
    
Authorized
    
Issued and paid
  
   
December 31, 2025
    
December 31, 2025
  
Ordinary shares
    
70,000,000
      
37,301,367
       70,000       37,301  
 
The share capital as of December 31, 2024, is composed of Ordinary shares, all having ILS 0.001 par value, as follows:
 
   

Number of shares

    

In thousands

  
   
Authorized
    
Issued and paid
    
Authorized
    
Issued and paid
  
   
December 31, 2024
    
December 31, 2024
  
Ordinary shares
    
70,000,000
       36,607,407       70,000       36,607  
 
The share capital as of December 31, 2023, is composed of Ordinary shares, all having ILS 0.001 par value, as follows:
 
   
Number of shares
    
In thousands
  
   
Authorized
    
Issued and paid
    
Authorized
    
Issued and paid
  
   
December 31, 2023
    
December 31, 2023
  
Ordinary shares
    
70,000,000
       33,326,736       70,000       33,327  
 
In April 2021, all ordinary A shares of NIS 0.001 par value and all ordinary B shares of NIS 0.001 par value – both issued shares and shares included in the Company’s authorized capital – were converted into ordinary shares of NIS 0.001 par value each based on a 1:1 ratio, such that subsequent to the conversion, the Company’s capital comprises only ordinary shares.
 
In April 2021, the Company increased the registered share capital by 32,000,000 Ordinary shares par value NIS 0.001 each.
 
On May 13, 2021, the Company completed an initial public offering (IPO) on the Tel Aviv stock exchange (TASE) in which it sold 4.4 million ordinary shares of NIS 0.001 par value for a gross amount, before issuance costs, of $141.6 million and $132.5 million, net of issuance costs. The IPO was a non-uniform offering, as this term is defined by Israeli Securities Regulations (Manner of Offering Securities to the Public), 2007, to institutional investors in Israel and outside of Israel.
 
On March 12, 2024, the Company completed an issuance of ordinary shares under an underwriting agreement. The Company issued and sold 2,600,000 ordinary shares, which included 469,565 shares sold upon the full exercise of the underwriters’ option to purchase additional shares and apart from that 1,000,000 ordinary shares were sold by existing shareholders. The net proceeds to the company from this sale amounted to approximately $62.7 million. The expenses incured in company's profit or loss report for the year ended December 31, 2024 from this sale are $506 thousands.
 
b.
Share-based payment:
 
  1.
December 17, 2025 award: the company granted 80,855 RSUs to employees of the Company and subsidiaries. An amount of 76,251 RSU's vesting over period of 5 years, with 20% vesting on the first anniversary of the grant date and after that, an additional 5% of the RSUs vesting on the last day of each subsequent calendar quarter. An amount of 2,795 RSU's vesting over 40 days. An amount of 532 RSU's vesting over period of 4 years, with 25% vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter. The remaining 1,277 RSU's vesting over period of 3.5 years, with 25% vesting on  June 3, 2026 and thereafter, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.
 
  2.
December 9, 2025 award: the company granted 14,802 RSUs to employees of the Company and subsidiaries. The vesting period of the RSUs is 4 years, with 25% are vesting on the first anniversary of the grant date and after that, an additional 6.25% vesting on the last day of each subsequent calendar quarter.
 
  3.
August 11, 2025 award: the company granted 4,712 RSUs to employees of the Company and subsidiaries. The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% RSUs vesting on the last day of each subsequent calendar quarter.
 
  4.
June 3, 2025 award: the company granted 5,712 options and 168,672 RSUs to employees of the Company and subsidiaries. The vesting period of the options and RSUs is 4 years, with 25% of the options and RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the options and RSUs vesting on the last day of each subsequent calendar quarter. Options not exercised within 5 years of inception date will expire.
 
  5.
On May 12, 2025, the Company granted 30,066 options and 21,897 RSUs to employees of the Company and its subsidiaries. The RSUs were fully vested as they constituted a recognition award for employee performance during the year ended December 31, 2024, while the options were fully vested as they formed part of the consideration transferred in the IoT acquisition (see Note 6).
 
  6.
September 6, 2024 award: In October 2021, 50,000 options were granted to an employee, of which 7,625 were exercised, leaving 42,375 options as of May 26, 2024, with 25,000 vested. Following an agreement, 25,000 options were converted to 8,350 restricted shares units (RSUs) at a 3:1 ratio, with full vesting approved retroactively as of September 6, 2024. The remaining 17,375 options were replaced by 5,792 RSUs, with 1,667 vesting on September 6, 2024, and the remaining of 4,125 will be vested by August 22, 2025.
 
September 3, 2024 award: the company allotted 1,415 RSUs to an employee of the Company. The vesting period of these RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.
 
  7.
August 6, 2024 award: the company allotted 7,262 options and 5,694 RSUs to employees of the Company and subsidiaries. The vesting period of the options and RSUs is 4 years, with 25% of the options and RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the options and RSUs vesting on the last day of each subsequent calendar quarter. Options not exercised within 5 years of inception date will expire.
 
  8.
June 25, 2024 award: the company allotted 179,875 RSUs to employees of the Company and subsidiaries. The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.
 
  9.
May 12, 2024 award: the company allotted 20,735 RSUs to employees of the Company and subsidiaries. An amount of 1,013 RSU's vesting over period of 4 years, with 25% vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter. The remain 19,722 RSU's granted have the same rights in all respects as the existing ordinary shares in the company's capital as of that date.
 
  10.
February 27, 2024 award: the company allotted 51,598 RSUs to employees of the Company and subsidiaries. The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.
 
  11.
February 1, 2024 award: the company allotted 11,000 RSUs to employees of the Company and subsidiaries. The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.
 
  12.
November 30, 2023 award: the Company allotted 96,731 RSUs to employees of the Company and subsidiaries. The vesting period of the RSUs is 4 years, with 25% of the RSU vesting on the first anniversary of grant date, and after that, additional 6.25% of the RSU's vesting on the last day of each subsequent calendar quarter.
 
  13.
June 26, 2023 award: the Company allotted 27,500 options and 137,524 RSUs to employees of the Company and subsidiaries. The vesting period of the options and RSUs is 4 years, with 25% of the options vest on the first anniversary of grant date, and after that, additional 6.25% of the options vesting on the last day of each subsequent calendar quarter. Options not exercised within 5 years of inception date will expire.
 
Allotment date
Share
price
Exercise
price
Expected
option life
Risk-free
interest rate
Average standard
deviation (**)
Option fair
value
The weighted average for 2025
$42.52
-
-
-
-
$42.52
The weighted average for 2024
$25.78
-
-
-
-
$25.78
The weighted average for 2023
$19.92
-
-
-
-
$19.92
December 17, 2025 - RSU
$ 44.49
-
-
-
-
$ 44.49
December 9, 2025 - RSU
$ 43.09
-
-
-
-
$ 43.09

August 11, 2025- RSU

$44.76

 - - - -

$44.76
June 3, 2025 - Options
$ 44.12
$ 41.00
5
0.0409
0.5717
$ 24.21
June 3, 2025 - RSUs
$ 44.12
-
-
-
-
$ 44.12
May 12, 2025 - Options
$ 40.65
$ 0.01
5
0.0409
0.5770
$ 40.64
May 12, 2025 - RSUs
$ 40.65
-
-
-
-
$ 40.65
September, 6, 2024 – RSUs
$ 23.72
-
-
-
-
$ 23.72
September, 6, 2024 – Options
$21.02
 $22.59
5
0.0373
0.6374
$11.59
August 6, 2024 - RSU
$ 21.02
-
-
-
-
$ 21.02
June 25, 2024 - RSUs
$ 21.55
-
-
-
-
$ 21.55
May 12, 2024 - RSUs
$ 28.49
-
-
-
-
$ 28.49
February 27, 2024 - RSUs
$ 27.93
-
-
-
-
$ 27.93
February 1, 2024 - RSUs
$ 24.25
-
-
-
-
$ 24.25
November, 2023 – RSUs
$ 19.57
-
-
-
-
$ 19.57
June 26, 2023 – Options
$ 19.34
$ 18.83
5
0.0396
0.678
$11.03
June 26, 2023 – RSUs
$ 19.34
-
-
-
-
$19.34
 
(**) The Average standard deviation was determined based on historical volatility of the company.
 
All allotments to employees and offices in Israel carried out as part of the plan are subject to the terms set out in Section 102 of the Income Tax Ordinance. The allotments to Israelis who are not employees are subject to Section 3(i) to the Income Tax Ordinance. Foreign employees and service providers are subject to the tax law in the relevant countries.
 
Below is a breakdown of the RSUs and options by their weighted average exercise price during the reported periods:
 
   
December 31, 2025
    
December 31, 2024
    
December 31, 2023
  
   
Number of awards
    
Weighted average exercise price
    
Number of awards
    
Weighted average exercise price
    
Number of awards
    
Weighted average exercise price
  
Number of awards outstanding at beginning of year
    
2,494,010
      
18.7
      
3,339,120
      
17.8
      
3,823,052
      
19.3
  
New granted
    
326,716
      
6.55
      
283,371
      
22.5
      
264,256
      
18.8
  
Exercised awards
    
(693,960
)
    
8.32
      
(680,671
)
    
8.00
      
(370,732
)
    
6.6
  
Forfeited awards
    
(130,974
)
    
26.99
      
(414,134
)
    
26.0
      
(366,633
)
    
26.1
  
Expired awards
    
(34,405
)
    
22.41
      
(33,676
)
    
19.15
      
(10,823
)
    
14.8
  
Outstanding awards at end of year
    
1,961,387
      
18.76
      
2,494,010
      
18.70
      
3,339,120
      
17.8
  
Exercisable options at end of year
    
1,114,565
      
21.19
      
1,274,794
      
14.20
      
1,550,358
      
11.7
  
 
As of December 31, 2025, 2024 and 2023, the weighted-average remaining contractual life of exercisable options were 1.7, 1.5 and 3.5  years, respectively.
 
As of December 31, 2025, 2024 and 2023, the range of exercise prices for share options outstanding at the end of the period is NIS 0.001-$41.00 for the three periods.
 
The expenses related to share base compensation for each of the three years in the period ended December 31, 2025, 2024 and 2023 are $7,305, $7,187, and $6,027 thousand, respectively.
 
The amounts of expense recognized as capitalized development costs and included as intangible assets for each of the three years in the period ended December 31, 2025, 2024 and 2023 are $855, $718 and $825, respectively.
 
The balance of unrecognized benefit as of December 31, 2025, assuming that all conditions set were met, is $9,868 thousand.
v3.25.4
REVENUES
 12 Months Ended
Dec. 31, 2025
Revenue [abstract]  
REVENUES
NOTE 17 - REVENUES
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Revenue from the sale of integrated POS devices
    
113,232
      
91,677
      
84,406
  
Recurring revenue:
                        
SaaS revenue
    
113,100
      
88,494
      
58,920
  
Payment processing fee
    
174,101
      
133,842
      
92,165
  
     
287,201
      
222,336
      
151,085
  
     
400,433
      
314,013
      
235,491
v3.25.4
COST OF REVENUES
 12 Months Ended
Dec. 31, 2025
Disclosure Of Cost Of Revenues [Abstract]  
COST OF REVENUES
NOTE 18 - COST OF REVENUES
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Cost of integrated POS devices sales
    
73,226
      
64,106
      
68,433
  
Cost of recurring revenue:
                        
Cost of services
    
26,798
      
20,088
      
13,419
  
Cost of processing
    
107,447
      
88,285
      
65,346
  
     
207,471
      
172,479
      
147,198
  
 
As of the periods ended December 31, 2025, 2024 and 2023, cost of revenue includes employee related costs and share based compensation in the amount of $11,282, $9,890 and $7,385 thousand, respectively.
v3.25.4
RESEARCH AND DEVELOPMENT EXPENSES
 12 Months Ended
Dec. 31, 2025
Research And Development Expenses [Abstract]  
RESEARCH AND DEVELOPMENT EXPENSES
NOTE 19 - RESEARCH AND DEVELOPMENT EXPENSES
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Payroll and related expenses
    
23,327
      
18,341
      
15,309
  
Suppliers and subcontractors
    
3,559
      
3,780
      
3,416
  
Office and maintenance
    
406
      
586
      
684
  
Share-based payment
    
1,428
      
1,355
      
1,148
  
Depreciation and amortization
    
1,239
      
1,312
      
1,371
  
     
29,959
      
25,374
      
21,928
v3.25.4
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
 12 Months Ended
Dec. 31, 2025
Selling, general and administrative expense [abstract]  
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
NOTE 20 - SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Payroll and related expenses
    
60,041
      
49,228
      
36,520
  
Share-based payment
    
5,545
      
5,475
      
4,627
  
Office and maintenance
    
4,765
      
3,745
      
2,749
  
Advertising and sales promotion
    
5,246
      
3,117
      
2,192
  
Depreciation and amortization
    
8,659
      
7,483
      
4,444
  
Computers and IT systems maintenance
    
10,517
      
8,260
      
5,196
  
Professional fees
    
14,942
      
12,256
      
8,443
  
Provision for credit losses and bad debts
    
1,748
      
675
      
-
  
Other expenses
    
9,844
      
7,957
      
6,149
  
     
121,307
      
98,196
      
70,320
v3.25.4
FINANCIAL EXPENSES OR INCOME
 12 Months Ended
Dec. 31, 2025
Disclosure Of Finance Expenses Or Income [Abstract]  
FINANCIAL EXPENSES OR INCOME
NOTE 21 - FINANCIAL EXPENSES OR INCOME
 
a.  Financial Income
 
 
  
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Interest income on cash and bank deposits
    
6,217
      
3,110
      
1,685
  
Financial income in respect of change in fair value options
    
-
      
148
      
-
  
Financial income in respect of shareholders and related companies
    
224
      
150
      
24
  
Financial income in respect of finance sub-lease
    
-
      
-
      
17
  
Financial income in respect of exchange rate differences
    
4,231
      
-
      
767
  
     
10,672
      
3,408
      
2,493
  
 
b.  Financial Expenses
 
 
  
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Interest expense on bank loans and bank fees
    
(3,380
)
    
(6,181
)
    
(3,389
)
Financial expenses in respect of change in fair value options
    
(53
)
    
-
      
(310
)
Financial expenses in respect of loans from others
    
-
      
(197
)
    
(591
)
Financial expenses in respect of other liabilities
    
(997
)
    
(1,552
)
    
(161
)
Financial expenses in respect of debentures
    
(8,892
)
    
-
      
-
  
Financial expenses in respect of leases liabilities
    
(344
)
    
(333
)
    
(330
)
Financial Expenses in respect of exchange rate differences
    
-
      
(2,634
)
    
-
  
     
(13,666
)
    
(10,897
)
    
(4,781
)
v3.25.4
PROFIT (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
PROFIT (LOSS) PER SHARE
NOTE 22 - PROFIT (LOSS) PER SHARE
 
a.
Basic
 
Basic loss per share is calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of ordinary shares in issue.
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
Profit (Loss) for the year attributed to holders of
                  
ordinary shares (US Dollars in thousands)
    
35,516
      
(5,631
)
    
(15,887
)
Weighted average number of ordinary shares issued
                        
(in thousands)
    
36,980
      
35,762
      
33,149
  
Basic profit (Loss) per ordinary share (in dollars)
    
0.960
      
(0.157
)
    
(0.479
)
 
b.
Diluted
 
Diluted earnings per share are calculated by adjusting the weighted average number of outstanding shares while including potential ordinary shares with dilutive effect:
 
   
Thousands of shares
  
   
As of December 31,
  
   
2025
    
2024
    
2023
  
Profit (Loss) for the year attributed to holders of ordinary shares (US Dollars in thousands)
    
35,516
      
(5,631
)
    
(15,887
)
Weighted average number of ordinary shares issued and used for the calculation of basic earnings per share (US Dollars in thousands)
    
36,980
      
35,762
      
33,149
  
Adjustment for weighted average number of additional shares from dilutive effect of options and RSUs (in thousands)
    
675
      
-
      
-
  
Weighted average number of shares for calculation of diluted earnings per share (in thousands)
    
37,655
      
35,762
      
33,149
  
Diluted profit (Loss) per ordinary share (in dollars) 
    
0.943
      
(0.157
)
    
(0.479
)
v3.25.4
RELATED PARTIES
 12 Months Ended
Dec. 31, 2025
Disclosure of transactions between related parties [abstract]  
RELATED PARTIES
NOTE 23 - RELATED PARTIES
 
a.
Transactions with related parties:
 
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Payroll, options and payments to related parties employed by the Company
    
1,863
      
3,550
      
2,671
  
Payroll to directors
    
229
      
228
      
176
  
Transactions - associated companies
    
-
      
3,474
      
2,202
  
 
b.
Balances with related parties:
 
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Receivables – associated companies
    
-
      
3,903
  
Trade payables – related companies and parties
    
102
      
83
  
Other payables – related companies and parties
    
44
      
37
  

 

c.
Related parties' employment terms:
 
  1.
Employment terms of controlling shareholder and director – Mr. Yair Nechmad – for his service as the Company’s CEO:
 
Payments of management and consulting fee to Mr. Yair Nechmad for serving as CEO are made under a November 2016 agreement (in this paragraph (1), the "Agreement"). Under the Agreement, the services are provided by Mr. Nechmad through Yair Nechmad Ltd., which is fully controlled by Mr. Yair Nechmad, in consideration for a management fee at a monthly cost of NIS 50 thousand ($14.5 thousand), and reimbursement of various expenses.
 
On March 10, 2021, the Board of Directors and the general meeting of the shareholders of the Company approved a revision to the terms of engagement between the Company and Mr. Yair Nechmad, effective January 1, 2021, as follows: The management fee of Mr. Yair Nechmad, CEO of the Company, through Yair Nechmad Ltd, was changed to a monthly cost of NIS 150 thousand ($46 thousand), instead of NIS 50 thousand ($15 thousand).
 
On May 4, 2021, the Board of Directors and general meeting of the Company approved engagement in revised service agreements with Mr. Yair Nechmad, in which the monthly management fee was revised to NIS 140 thousand ($43 thousand), beginning on the date completing the IPO on the Tel Aviv Stock Exchange, i.e. May 13, 2021. This amount is to increase each calendar year by 2.5% so the payment for each of the 12 months during the year ended December 31, 2025 accounted to NIS 155 thousand ($45 thousand).
 
Arnon Nechmad, the son of Yair Nechmad, was hired by a wholly-owned subsidiary of the Company, in November 2021, prior to that he was an employee of another wholly-owned subsidiary of the Company and, in 2023 became an employee of the Company. Mr. Nechmad received compensation of approximately $87 thousands, $91 thousands and $81 thousands in 2025, 2024 and 2023, respectively. The company granted to Mr. Nechmad 32 RSUs in the May 12, 2025 grant. As of October 2025, Arnon no longer serves as an employee of the company.
 
Tal Tannenbaum, who became the daughter-in-law of Yair Nechmad in August 2022, has been a part-time employee of the Company since December 2021. Ms. Tannenbaum received compensation of approximately $76 thousand, $80 thousand and $55 in 2025, 2024 and 2023 respectively. The company granted to Ms. Tannenbaum 53 RSUs in the May 12, 2025 grant.
 
  2.
The employment terms of controlling shareholder and director, Mr. David Ben Avi, for his service as the Company’s CTO:
 
Payment of management and consulting fees to Mr. David Ben Avi for his services as the Company’s CTO is governed by a November 2016 agreement, under which services are provided through David Ben Avi Holdings Ltd., a company fully controlled by Mr. Ben Avi. The monthly management fee was initially set at NIS 50 thousand ($14.5 thousand) and was revised, following approvals by the Board of Directors and shareholders, to NIS 150 thousand ($46 thousand) effective January 1, 2021. Subsequently, on May 4, 2021, the engagement was further revised to a monthly fee of NIS 140 thousand ($43 thousand), effective upon completion of the Company’s IPO on May 13, 2021, with an annual increase of 2.5%. Accordingly, the monthly fee for each of the 12 months ended December 31, 2025 amounted to NIS 155 thousand ($45 thousand).
 
The total expenses related to Oded Frenkel, Mr. Ben Avi’s brother-in-law, who is employed by the Company as Chief Customer Officer in 2025, 2024 and 2023 was $265 thousand, $204 thousand and $212 thousand, respectively. In 2025  Mr. Frenkel received 1,383 RSUs, In 2024 Mr. Frenkel received 2,500 RSUs, and in 2023 options to purchase 2,500 ordinary shares at the exercise price of $18.83 per share, and in 2022 options to purchase 2,500 ordinary shares at the exercise price of NIS 65.7 per share.
 
The total expenses related to Reuven Amar, Mr. Ben Avi’s brother-in-law, who is employed by the Company as Engineering Lab Manager in 2025, 2024 and 2023 was $176 thousand, $172 thousand and $177 thousand, respectively. The company granted to Mr. Amar 66 RSUs in the May 12, 2025 grant. In 2023 Mr. Amar received options to purchase 2,500 ordinary shares at the exercise price of $18.83 per share, and in 2022 options to purchase 2,500 ordinary shares at the exercise price of NIS 65.7 per share.
 
  3.
Payments to Mr. Eran Havshush - Director of the board
 
On July 2024, Mr. Havshush was appointed as a member of the Board of the Company. Mr. Havshush, has been acting as a consultant to the Company since 2012, providing services related to taxation, capital investments, and other financial and accounting matters. Previously, he served as the Company’s auditor from 2006 to 2009. Furthermore, Mr. Havshush provides audit, tax, and consulting services on an ongoing basis to the Company’s controlling shareholders, Mr. Yair Nechmad, Mr. Amir Nechmad, and Mr. David Ben-Avi. During years 2025, 2024, and 2023, the fees paid by the Company to Mr. Havshush were $87 thousands, $82 thousands, and $88 thousands, respectively.
 
A. Omer & Co., an Israeli accounting firm where Mr. Havshush serves as a partner, has provided payroll and bookkeeping services to the Company and its Israeli subsidiaries since 2018. During the years 2025, 2024 and 2023 the fees paid by the Company to A. Omer & Co. were $46, $32, and $64, respectively. On May 29, 2024, the Company, Mr. Havshush, and A. Omer & Co. entered into a new service agreement (the “New Service Agreement”), under which Mr. Havshush will continue to provide services related to accounting, tax reporting and compliance, mergers and acquisitions in Israel, employee stock option plans, and other tax-related matters. Under this agreement, he will receive a monthly fee ranging from approximate amounts of $5 thousands to $8 (NIS 20 thousands to NIS 30 thousands, respectively), depending on hours worked. Additionally, he will receive compensation for services rendered in connection with completed acquisitions, offerings, or other special projects, equal to up to three times his monthly fees. Under the New Service Agreement, A. Omer & Co. will continue to provide payroll, bookkeeping, and tax-related services to the Company and affiliated entities. Fees for these services will be based on hourly rates of approximately $54 to $68 (between NIS 200 and NIS 250, respectively), subject to a 25% discount. The fees paid to Mr. Havshush and A. Omer & Co. pursuant to the New Service Agreement are in addition to the director fees paid to Mr. Havshush for his service as a director of the Company.
 
  4.
Directors insurance:
 
The Company has a directors and office holders insurance policy with limit of liability of NIS 69 million ($20 million) for any one occurrence and in the aggregate plus excess limit of $5 million side A Insurance for the directors & officers only.
v3.25.4
LIENS, GUARANTEES AND COMMITMENTS
 12 Months Ended
Dec. 31, 2025
Liens Guarantees And Commitments [Abstract]  
LIENS, GUARANTEES AND COMMITMENTS
NOTE 24 - LIENS, GUARANTEES AND COMMITMENTS
 
Liens
 
As of the approval date of these financial statements, the Company has established charges in favor of local Israeli banks to secure its credit facilities and related banking activities. In addition, in connection with bank guarantees, the Company has granted specific fixed charges, including liens of approximately USD 17 million and USD 1.1 million to several Israeli banks, along with additional fixed charges registered in recent years with uncapped secured amounts.
v3.25.4
SUBSEQUENT EVENTS
 12 Months Ended
Dec. 31, 2025
Disclosure of non-adjusting events after reporting period [abstract]  
SUBSEQUENT EVENTS
NOTE 25 - SUBSEQUENT EVENTS:
 
No significant events have occurred after the reporting period that would require adjustment or disclosure in these financial statements.
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
We use advanced security technologies in our efforts to comply with relevant laws, rules, regulations and standards, prevent data loss and protect the confidential, proprietary and sensitive information to which we have access. In order to mitigate against failures, cybersecurity incidents, attacks and other disruptions of our information technology systems, we strive to improve the security services of our own servers, as well as the security environment we provide to customers and third parties using our products. For example, we possess three on-premise environments for saving information, as well as dedicated cloud IT premises. In addition, we have offline backup for information, as well as a support team who is active seven days a week and both internal and external teams for identification of cyber-attacks, infiltration and exposure to other threat actors.
 
Nayax is certified and compliant for various information security standards and regulations such as PCI SSC (DSS, PTS & Pin), ISO 27001:2022, SOX and SOC2. Our information security domain is maintained by industry-standard best practice frameworks, including adoption of an information security management system, and is managed in accordance with applicable laws, rules regulations and standards addressing data privacy and cybersecurity. We also have an information security policy (“IS Policy”) in place that defines the procedures we follow when assessing, identifying and managing cybersecurity threats and incidents, and applies to all Company employees, including employees of our subsidiaries, as well as partners, service providers and contractors with access to Company information assets. Our IS Policy addresses control of records, data classification, managing information system change, addressing nonconformities, password requirements, data storage, backup and retention, encryption, access permission management, physical security, disaster recovery and communication of sensitive or personal data to external parties, among others. Information asset “owners” within the Company are assigned responsibility under our IS Policy to review access privileges, implement and maintain the asset, advise of any new system or change to existing systems and make data classification decisions. Additionally, we review or update our policies relating to cybersecurity annually, or more frequently on an as-needed basis, to account for changes in the evolving cybersecurity threat landscape as well as legal and regulatory developments. We also maintain an information security risk assessment document for internal use that lists the various risks that we have identified and ways to mitigate them. This document is updated on a regular basis at least annually to account for our business requirements, global events and cybersecurity threats and is aligned with our organizational risk management program.
 
As part of our risk management procedures, we conduct regular risk assessments of our various information systems designed to identify, document and mitigate cybersecurity risk. For high-risk systems, risk surveys and penetration tests are conducted at least annually and following a major system change or data breach event. Other systems are tested at different time periods according to their sensitivity. These regular risk assessments are conducted either internally or by qualified third-party service providers. In addition, at least once a quarter, information systems that are open to public communication connections are subject to internal and external network vulnerability scans conducted by qualified third-party service providers. Results of these surveys and assessments are communicated to Company management and nonconformities are mapped, remediated and tracked.
 
We aim to minimize exposure of Company data and systems to external parties by operating on a “need-to-know” basis for access to our data and systems. Any communication with an external party involving exposure to sensitive Company information is based on an appropriate preliminary risk assessment process. The preliminary risk assessment includes, among other measures, the examination of the external party’s experience in processing sensitive information, its reputation and background and the potential for conflict of interests. Although we have continued to invest in our due diligence, onboarding, and monitoring capabilities over critical external parties with whom we do business, including our third-party vendors and service providers, our control over the security posture of, and ability to monitor the cybersecurity practices of, such third parties remains limited, and there can be no assurance that we can prevent, mitigate or remediate the risk of any compromise or failure in the cybersecurity infrastructure owned or controlled by such third parties. When we do become aware that a third-party vendor or service provider has experienced such compromise or failure, we attempt to mitigate our risk, including by terminating such third party’s connection to our information systems and networks where appropriate.
 
Employees receive information security training upon hiring and at least quarterly, with additional dedicated training regularly for employees with access to sensitive Company systems and information. Employees are required to confirm in writing that they have read and understand the Company’s information security policies. In addition, we require employees and third-party contractors to sign non-disclosure agreements as part of our practices seeking to protect the confidentiality of our information.
 
Management reviews the IS Policy at least annually. A review may be performed more frequently if there are changes to our business or other factors that impact the IS Policy.
Cybersecurity Risk Management Processes Integrated [Text Block] We use advanced security technologies in our efforts to comply with relevant laws, rules, regulations and standards, prevent data loss and protect the confidential, proprietary and sensitive information to which we have access. In order to mitigate against failures, cybersecurity incidents, attacks and other disruptions of our information technology systems, we strive to improve the security services of our own servers, as well as the security environment we provide to customers and third parties using our products. For example, we possess three on-premise environments for saving information, as well as dedicated cloud IT premises. In addition, we have offline backup for information, as well as a support team who is active seven days a week and both internal and external teams for identification of cyber-attacks, infiltration and exposure to other threat actors.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] In 2025, we did not identify any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition.
Cybersecurity Risk Board of Directors Oversight [Text Block]
Mr. Alex Yeretsky has served as the Company’s Chief Information Security Officer (the “CISO”) since 2018. As CISO, Mr. Yeretsky has overall responsibility for information security controls and regulations and provides regular reports to our management. Mr. Yeretsky reports directly to our CFO and CEO. As CISO, Mr. Yeretsky is responsible for establishment and management of Information Security Department of Nayax, implementation and enforcement of our IS Policy, obtaining required certifications and maintaining all applicable security regulations and standards, dissemination of information and providing training on our policies to relevant parties, developing and maintaining Company-wide information security and risk management plans, performing and/or supervising risk assessments engagements, monitoring and improving security posture of our products and infrastructure.
 
Mr. Yeretsky has 16 years’ experience in managing mid to enterprise-size organizations’ information security departments. In the past, Mr. Yeretsky, has managed offensive security services, penetration testing projects, security architecture projects, consulting services for C-level, governance regulation compliance consultation, risk management projects and enterprise cybersecurity strategy planning services. Prior to his position in Nayax, Mr. Yeretsky worked for several years for companies such as PricewaterhouseCoopers (PwC) and Cisco Systems Inc., and was the founder and Chief Technology Officer of MagniSec, a software cybersecurity company. During army services, Mr. Yeretsky served as offensive cybersecurity team-leader (Commander) for the Israeli Ministry of Defense.
 
In addition, the Company maintains a high-level management committee that meets monthly (Cyber Security Steering Committee) that is dedicated to cybersecurity. The Cyber Security Steering Committee is comprised of the CISO, CTO, CFO, CLO, head of R&D and other relevant managers and employees. This steering committee plays an important role in ensuring the effective management and implementation of cybersecurity measures within the organization. The committee is responsible for overseeing and guiding cybersecurity initiatives designed to protect the organization’s sensitive information, systems and infrastructure.
 
The CISO provides an annual report to the board of directors directly. The Cyber Security Steering Committee covers both cybersecurity and related compliance matters. In addition to such regular updates, and as part of our incident response processes, our CISO also provides updates on certain cybersecurity threats and incidents to the Cyber Security Steering Committee and, as necessary, to the full board of directors, based on the steering committee’s assessment of risk.
 
Before we engage any technology third-party vendor or service provider, we perform a thorough due diligence process to evaluate their cybersecurity risks and the compatibility of their cybersecurity systems with ours. The due diligence process involves the Information Security, Privacy, Legal and Information Systems departments.
 
Our board of directors oversees our cybersecurity and ensures that we take steps to adequately address and mitigate the risk from evolving cybersecurity threats we face. The board’s responsibilities include setting the overall cybersecurity strategy, assessing risks and providing oversight to ensure our resiliency against cybersecurity threats and incidents. The key aspect of the board’s role is to remain updated and make necessary determinations on the following topics:
 
  •
IS Policy development and approval,
  •
Risk management,
  •
Budgetary approval,
  •
Leadership and culture,
  •
Compliance oversight,
  •
Crisis management, and
  •
Continuous improvement.
 
In 2025, we did not identify any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. Despite our efforts, we cannot eliminate all risks from cybersecurity threats or incidents or provide assurances that we have not experienced an undetected cybersecurity incident. For more information about these risks, please see “Item 3. Key Information—D. Risk Factors–Risks Related to Data Security, Privacy, Information Technology and Intellectual Property.”
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The committee is responsible for overseeing and guiding cybersecurity initiatives designed to protect the organization’s sensitive information, systems and infrastructure.
 
Our board of directors oversees our cybersecurity and ensures that we take steps to adequately address and mitigate the risk from evolving cybersecurity threats we face. The board’s responsibilities include setting the overall cybersecurity strategy, assessing risks and providing oversight to ensure our resiliency against cybersecurity threats and incidents. The key aspect of the board’s role is to remain updated and make necessary determinations on the following topics:
 
  •
IS Policy development and approval,
  •
Risk management,
  •
Budgetary approval,
  •
Leadership and culture,
  •
Compliance oversight,
  •
Crisis management, and
  •
Continuous improvement.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The CISO provides an annual report to the board of directors directly.
Cybersecurity Risk Role of Management [Text Block]
In addition, the Company maintains a high-level management committee that meets monthly (Cyber Security Steering Committee) that is dedicated to cybersecurity. The Cyber Security Steering Committee is comprised of the CISO, CTO, CFO, CLO, head of R&D and other relevant managers and employees. This steering committee plays an important role in ensuring the effective management and implementation of cybersecurity measures within the organization. The committee is responsible for overseeing and guiding cybersecurity initiatives designed to protect the organization’s sensitive information, systems and infrastructure.
 
The CISO provides an annual report to the board of directors directly. The Cyber Security Steering Committee covers both cybersecurity and related compliance matters. In addition to such regular updates, and as part of our incident response processes, our CISO also provides updates on certain cybersecurity threats and incidents to the Cyber Security Steering Committee and, as necessary, to the full board of directors, based on the steering committee’s assessment of risk.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Mr. Yeretsky has overall responsibility for information security controls and regulations and provides regular reports to our management.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Mr. Yeretsky has 16 years’ experience in managing mid to enterprise-size organizations’ information security departments. In the past, Mr. Yeretsky, has managed offensive security services, penetration testing projects, security architecture projects, consulting services for C-level, governance regulation compliance consultation, risk management projects and enterprise cybersecurity strategy planning services. Prior to his position in Nayax, Mr. Yeretsky worked for several years for companies such as PricewaterhouseCoopers (PwC) and Cisco Systems Inc., and was the founder and Chief Technology Officer of MagniSec, a software cybersecurity company. During army services, Mr. Yeretsky served as offensive cybersecurity team-leader (Commander) for the Israeli Ministry of Defense.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] In addition to such regular updates, and as part of our incident response processes, our CISO also provides updates on certain cybersecurity threats and incidents to the Cyber Security Steering Committee and, as necessary, to the full board of directors, based on the steering committee’s assessment of risk.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
MATERIAL ACCOUNTING POLICY INFORMATION (Policies)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Significant Accounting Policies [Abstract]  
Basis of presentation
a.
Basis of presentation:
 
The financial statements of the Group as of December 31, 2025 and 2024 and for each of the three years ended December 31, 2025, are in compliance with  IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”) (hereinafter “IFRS”) and were approved for issuance by the Board of Directors (the “Board”) of the Company on March 8, 2026.
 
In connection with the presentation of these financial statements, the following is stated:
 
  1)
The principal accounting policies set out below have been consistently applied to all periods presented, unless otherwise stated.
 
  2)
The preparation of financial statements in conformity with IFRS Accounting Standards requires the use of certain critical accounting estimates. It also requires the Group’s management to exercise its judgment in the process of applying the Group’s accounting policies. Areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in note 3. Actual results may differ materially from estimates and assumptions used by the Group’s management.
 
  3)
The Group’s operating cycle is 12 months.
Consolidated financial statements
b.
Consolidated financial statements
 
  1)
Subsidiaries and business combinations
 
Subsidiaries are all entities over which the Company has control. Subsidiaries are fully consolidated from the date on which control is obtained by the Company. They are deconsolidated from the date that control ceases.
 
When assessing control, the Company considers its potential voting rights, as well as such rights held by other parties to determine whether it has power over an investee. Potential voting rights are rights to obtain voting rights of an investee, such as those arising from convertible instruments or options, including forward contracts. Those potential voting rights are considered only if the rights are substantive. Business combinations are accounted for using the acquisition method.
 
Goodwill represents the excess of the acquisition consideration and the amount of non-controlling interests and acquisition-date fair value of any previous equity interest in the acquired entity over the net identifiable assets acquired and liabilities assumed.
 
Intra-group transactions and balances, including revenues, expenses and dividends in respect of transactions between Group entities were eliminated. Gains and losses on intra-group transactions that are recognized as assets (such as inventory and property and equipment) are also eliminated.
 
If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.
 
  2)
Transactions with non-controlling interests’ owners which do not result in loss of control
 
Transactions with non-controlling interests’ owners which do not result in loss of control are accounted for as transactions with shareholders. In such transactions, the difference between the fair value of any consideration paid or received and the amount in which the non-controlling interests are adjusted to reflect the changes in their proportional interest in a subsidiary are recognized directly in equity and attributed to the owners of the Company.
 
3) Associates
 
An associate is an entity over which the Group exercises significant influence, but not control. The investment in an associate is accounted for by the equity method.
 
4)

The equity method
 
According to the equity method of accounting, the investment is initially recognized at cost and its carrying amount varies such that the Group recognizes its share of the associate’s earnings or losses from acquisition date. Goodwill relating to associates is included in the investment’s carrying amount and tested for impairment as part of the entire investment.
 
The Group’s share of post-acquisition profit or loss is recognized in the statements of profit or loss, and its share of post-acquisition movements in other comprehensive income is recognized in other comprehensive income with a corresponding adjustment to the carrying amount of the investment. When the Group’s share of losses in an associate equal or exceeds its interest in the associate (including any other unsecured long-term receivables), the Group does not recognize further losses, unless it has incurred legal or constructive obligations or made payments on behalf of the associate.
 
The Group determines at each reporting date whether there are any indications that the investment in the associate is impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the investment (the higher of the value in use and the fair value less costs to sell) and its carrying amount and recognizes the impairment amount in the consolidated statement of profit or loss.
Translation of foreign currency balances and transactions
c.
Translation of foreign currency balances and transactions:
 
  1)
Functional and presentation currency
 
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (hereafter - the “Functional Currency”). When determining the functional currency of Group companies and whether their functional currency is identical to that of the Company, the materiality of the foreign operations as an extension of the reporting entity was taken into account. The consolidated financial statements are presented in US Dollars which is the functional and presentation currency of the Company and Group entities, except Nayax Retail, Weezmo and Roseman whose functional currency is the NIS and VM tecnologia and Uppay whose functional currency is the BRL.
 
  2)
Transactions and balances
 
Transactions made in a currency which is different from the functional currency (“foreign currency”) are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or revaluation, if the items are revalued. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the end-of-year exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statement of profit or loss. Gains and losses from changes in exchange rates are presented in the statement of profit or loss and presented within financial income or financial expenses, as appropriate.
 
  3)
Translation of financial statements of Group entities:
 
The results and financial position of Group entities, whose functional currency is different than the presentation currency, are translated into the presentation currency as follows:
 
  (a)
Assets and liabilities for each statement of financial position statement presented are translated at the closing rate at the date of the statement of financial position;
 
  (b)
Income and expenses for each statement of profit or loss are translated at average exchange rates for the period (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the rate on the dates of the transactions), and;
 
  (c)
All resulting exchange differences are recognized in other comprehensive income.
 
On consolidation, exchange differences arising from the translation of the net investment in foreign operations whose functional currency is different than that of the Company are recognized in other comprehensive income. When a foreign operation is fully disposed of, exchange differences that were recorded in other comprehensive income are recognized in the statement of profit or loss as part of the gain or loss on sale.
 
Goodwill and fair value adjustments arising from acquisition of foreign operations, are accounted for as assets and liabilities of the foreign operations and translated at closing rate. Exchange differences arising from the translation as aforesaid are carried to other comprehensive income.
Cash and cash equivalents
d.
Cash and cash equivalents
 
Cash and cash equivalents include cash on hand and short-term bank deposits, which are not restricted by liens, with original maturities of three months or less, and investments in money market funds. For additional information about the restricted cash to be transferred to customers in respect of processing activity, see note 8 below.
Inventory
e.
Inventory
 
Inventories are stated at the lower of cost and net realizable value. Cost is determined on a moving average basis. The cost of inventory includes all acquisition costs, conversion costs and other direct costs incurred in bringing the inventory to its current location and condition. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. The Group periodically reviews the condition and age of the inventory, and makes impairment provisions if necessary.
Property and equipment
f.
Property and equipment
 
Property, plant and equipment items are initially recognized at acquisition cost.  Subsequent costs are included as incurred in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. When a part of a property, plant and equipment item is replaced, its’ carrying amount is derecognized.
 
All other repair and maintenance costs are charged to the statement of profit or loss during the financial period in which they are incurred. Depreciation on assets is calculated using the straight-line method to depreciate their cost to their residual value over their estimated useful lives, as follows:
 
   
%
Computers and peripheral equipment
  
33
Rental of POS devices
  
10-20
Machinery and equipment
  
10
 
Leasehold improvements are depreciated by the straight-line method over the earlier of the term of the lease or the estimated useful life of the improvements.
Intangible assets
g.
Intangible assets:
 
  1)
Capitalized development Costs
 
Intangible assets arising from development projects or from internally-developed new products, development of internally-used operational systems and integration of external systems with the Group’s existing systems, are recognized as intangible assets, subject to the following conditions being met:
 
a) The technical feasibility of completing the intangible asset so that it will be available for use exists;
b) Management intends to complete the intangible asset and use or sell it;
  c)
There is an ability to use or sell the intangible asset;
  d)
The way the intangible asset will generate probable future economic benefits is demonstrable;
  e)
The technical, financial and other resources to complete the development and to use or sell the intangible asset are available; and
  f)
The expenditure attributable to the intangible asset during its development can be reliably measured.
 
The Group monitors all its development projects to identify costs for recognition as an expense in profit or loss and costs for capitalization as an asset in the statement of financial position by making a distinction between:
 
(1) Investments in new products (hardware and software), as opposed to expenses aimed at maintaining normal functionality;
(2) Investment in integrations and opening markets; and
(3) Investment in software for own use.
 
The Group reviews, in relation to each investment, whether it is designed to substantially enhance the functionality in a way that would increase the economic benefit flowing to the Group (i.e. higher revenue and/or cost savings).
 
Investments designed to enhance functionality in a way that would increase the economic benefit flowing to the Group are capitalized as an asset and presented within “goodwill and intangible assets, net” in the statement of financial position (subject to satisfying of the terms as instructed in IAS38 and listed in an extract above).
 
The main types of costs that capitalized as an intangible asset as of December 31, 2025 and 2024 are:
 
  (1)
Payroll costs and related expenses, which are attributed by the Group to the different projects that meet the conditions for capitalization;
  (2)
Cost of subcontractors, which are specifically identified to projects that meet the conditions for capitalization.
  (3)
Share-based payment expenses attributed apportionately to payroll and related suppliers expenses arises from development.
 
Research costs are expensed as incurred to the “research and development expenses” item in the statement of profit or loss. Research costs of the Group in the reported periods are immaterial to its financial statements.
 
Development costs designed to maintain normal functionality or insignificantly enhance functionality, as well as development costs that are not identified with a project that can be capitalized, are expensed as incurred to “research and development expenses” in profit or loss.
 
Research and development expenses that were previously expensed to profit and loss are not recognized as intangible assets in subsequent reporting periods. Development costs presented as intangible assets are amortized from the point in time in which the asset is available for use, on a straight-line basis, over their useful lives (5 years). Development assets which have not yet reached the point in which the asset is available for use are tested for impairment every year.
 
  2)
Distribution rights and brands
 
Distribution rights and brands purchased as part of a business combination are recognized at fair value on the acquisition date. Separately purchased distribution rights and brands are recognized at cost, plus directly attributable acquisition costs. The distribution rights and brands have a definite useful life (3-20 years), and they are presented net of accumulated amortization on a straight-line basis.
 
  3)
Customer relationships
 
Customer relationships purchased as part of a business combination are recognized at fair value on the acquisition date. Separately purchased customer relationships are recognized at cost, plus directly attributable acquisition costs. The customer relationships have a definite useful life (4-10 years), and they are presented net of accumulated amortization on a straight-line basis.
 
  4)
Technology
 
Technology purchased as part of a business combination is recognized at fair value on the acquisition date. Technology has a definite useful life (5-7 years) and is presented net of accumulated amortization on a straight-line basis.
 
  5)
Goodwill
 
Goodwill arising from the acquisition of a business represents the overall excess of: (1) the consideration transferred; (2) the amount of any non-controlling interests in the acquiree; (3) in a business combination achieved in stages, also the existing fair value as of the acquisition date of the Group’s previously held equity interest in the acquiree, over the net amount as of the acquisition date, of the identifiable assets acquired and the acquiree’s liabilities and contingent liabilities assumed.
 
For the purpose of impairment testing, goodwill acquired in a business combination is allocated, as from the acquisition date to each of the cash generating units or groups of cash generating units of the Group that are expected to benefit from the synergies of the combination.
 
Impairment testing of a cash generating unit to which goodwill was allocated is undertaken annually and whenever there is any indication of impairment of the cash generating unit, by comparing the carrying amount of the cash generating unit, including the goodwill, to its recoverable amount, which is the higher of its value in use and the fair value less costs to sell.
Impairment of non-financial assets
h.
Impairment of non-financial assets
 
Intangible assets that have an indefinite useful life, such as goodwill, as well as intangible assets that are not yet available for use, are not amortized and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that such assets might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
 
An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount.  The recoverable amount is the higher of an asset’s fair value less selling costs and value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels of identifiable cash flows (cash-generating units).
Leases
i.
Leases:
 
The Group accounts for a contract as a lease contract if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration:
 
  1)

The Group as a lessee:
 
In transactions in which the Group acts as lessee, the Group recognizes a right-of-use asset against a lease liability on the commencement date of the lease contract, except in the case of lease transactions with a lease term of up to 12 months and lease transactions for which the underlying asset value is low; in those cases, the Group recognizes the lease payments on a straight-line basis as an operating cost over the lease period.
 
As part of the measurement of the lease liability, the Group does not separate between lease and non-lease components, such as: management services, maintenance services and more, which are included in the relevant transaction.
 
The lease liability on the commencement date includes outstanding lease payments discounted by the interest rate implicit in the lease, if that rate can be readily determined, or by the lessee’s incremental borrowing rate. The Group used the incremental borrowing rate, which is the rate of interest that the Group would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. Subsequent to the commencement date, the Company measures the lease liability using the effective interest method.
 
The right-of-use asset is measured using the cost model and depreciated over the shorter of its useful life and the lease period. When there are indications for impairment, the Group tests the right-of-use asset for impairment in accordance with the provisions of IAS 36.
 
  2)

The Group as a lessor:
 
Amounts due from finance leases are recognized as receivables at the amount of the Group’s net investment in the leases. Interest income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Group’s net investment outstanding in respect of the leases.
 
Subsequent to initial recognition, the Group regularly reviews the estimated unguaranteed residual value and applies the impairment requirements of IFRS 9, recognizing an allowance for expected credit losses on the lease receivables.
 
Interest income is calculated with reference to the gross carrying amount of the lease receivables, except for credit-impaired financial assets for which interest income is calculated with reference to their amortized cost (i.e. after a deduction of the loss allowance).
 
  3)
Subleases
 
In transactions where the Group leases an underlying asset (a head lease) and sub-leases that underlying asset to a third party (sublease), the Group checks whether the risks and rewards relevant to the right-of-use asset were transferred by, among other things, checking the sub-lease period in reference to the useful life of the right-of-use asset arising from the head lease.
 

When substantially all the risks and rewards incidental to ownership of the right-of-use asset were transferred, the Group accounts for the sub-lease as a finance lease. At sublease commencement date, the leased asset is derecognized and a “receivable in respect of finance lease” is recognized in an amount equal to the present value of the lease proceeds discounted by the lease’s implicit interest rate. Any difference between the balance of the leased asset prior to derecognition and the receivable balance in respect of the lease is recognized in profit and loss.
Financial instruments
j.
Financial instruments:
 
Hedge Accounting
 
Cash flow hedges
 
The objective of hedge accounting is to represent in the financial statements the effect of risk management activities that use financial instruments to manage the exposures arising from certain risks that could affect profit or loss or other comprehensive income. The Company reduces its exposure by entering into forward foreign exchange contracts with respect to operating expenses that are forecasted to be incurred in currencies other than the US Dollars. Certain operating expenditures are incurred in or exposed to other currencies, primarily the New Israeli Shekel. in addition, the company designated NIS 332 million of its bond liability as a hedged item, effectively converting it into USD exposure, and used a cross-currency swap covering both principal and interest as the hedging instrument. The Company has established forecasted transaction currency risk management programs to protect against fluctuations in fair value and the volatility of future cash flows caused by changes in exchange rates. The Company’s currency risk management program includes foreign exchange contracts designated as cash flow hedges.
 
Changes in the fair value of derivatives used to hedge cash flows, in accordance with the effective portion of the hedge, are recorded through other comprehensive income directly in a other capital reserve. With respect to the non‑effective part, changes in the fair value are recognized in the statement of income. The amount recognized in the capital reserve is reclassified in the statement of income in the same period as the hedged cash flows affected profit or loss under the same line item in the statement of income as the hedged item. If the hedging instrument no longer meets the criteria for hedge accounting, expires or sold, terminated or exercised, then hedge accounting is discontinued. If cash flow hedge accounting is discontinued, the amount that has been accumulated in OCI remains in accumulated OCI if the hedged future cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. After discontinuation, once the hedged cash flow occurs, any amount remaining in accumulated OCI must be accounted for depending on the nature of the underlying transaction as described above.
 
Classification of financial assets
 
The Group classifies its financial assets into the following categories: financial assets at fair value through profit or loss and financial assets at amortized cost. The classification depends on the business model for managing the financial assets and the contractual terms of the cash flows in respect thereof.
 
Classification of financial assets (continued):
 
Financial assets at amortized cost are financial assets held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and their contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets at fair value through profit or loss are financial assets not classified into one of the categories of financial assets at amortized cost or financial assets at fair value through other comprehensive income.
 
The Group’s financial assets at amortized cost are included in the following items: “receivables in respect of processing activity”, “trade receivable”, “other current assets”, “cash and cash equivalents”, “short- term bank deposits”, “restricted cash transferable to customers in respect of processing activity”, “Other long-term assets”, “long-term bank deposits” in the statement of financial position.
 
Recognition and measurement
 
Ordinary course purchase and sales of financial assets are recorded in the Group’s books of accounts on the date on which the asset is delivered to the Group or by the Group.
 
Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all risks and rewards of ownership associated with these assets. Financial assets at fair value through profit or loss are presented in subsequent periods at fair value. In subsequent periods, financial assets at amortized cost are measured based on the effective interest method.
 
Financial assets measured at fair value through profit or loss are initially recognized at fair value and transaction costs are carried to profit or loss. Gains or losses arising from changes in the fair value of  financial assets at fair value through profit or loss are presented in profit or loss under “finance expenses, net”, in the period in which they are incurred.
 
Impairment of financial assets measured at amortized cost
 
The Group recognizes a provision for loss in respect of expected credit losses on debt instruments measured at amortized cost and lease receivables.
 
At each statement of financial position date, the Group assesses whether the credit risk of the financial asset has increased significantly since it was initially recognized, whether assessed on an individual or collective basis. For that purpose, the Group compares the risk of default at the reporting date with the risk of default on the initial recognition date, taking into account all reasonable and supportable information that is available, including forward-looking information.
 
For financial assets that experience a significant increase in their credit risk since initial recognition, the Group measures expected credit loss provision at the amount of expected credit losses over the entire life of the instrument. Otherwise, the provision for loss is measured at the expected credit loss in a 12-month period.
 
However, the Group measures the provision for loss at an amount equal to expected credit losses over the instrument’s life for trade receivables or assets in respect of contract with customers arising from transactions within the scope of IFRS 15, and for receivables in respect of lease, stemming from transactions within the scope of IFRS 16.
 
Offsetting of financial instruments
 
Financial assets and liabilities are offset and the net amount reported in the statement of financial position, only when there is an immediate legally enforceable right (which is not conditional upon the occurrence of a future event) to offset the recognized amounts under all of the following circumstances: in the ordinary course of business, in the event credit default, insolvency or bankruptcy of the entity and of all counterparties, and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously.
 
Financial liabilities
 
Financial liabilities are classified as measured at amortized cost or at fair value through profit or loss.
 
Financial liabilities measured at amortized cost:
 
Upon initial recognition, the Group measures the financial liabilities at fair value, net of transaction costs. Any differences between the amount of initial recognition (net of transaction costs) and the redemption value are recognized in the statement of profit or loss over the term of the financial liability, in accordance with the effective interest method.
 
Fees paid in respect of receipt of a credit facility are recognized as transaction costs attributed to the relevant loan, to the extent that it is probable that a portion or all of the credit facility amount shall be utilized. In such a case, the recognition of fees is deferred until the funds are actually withdrawn as part of the loan. If there is no evidence that a portion or all of the credit facility will be utilized, the fee is capitalized as a prepaid payment in respect of financing services and amortized over the term of the relevant credit facility.
 
Financial liabilities measured at fair value through profit or loss:
 
The Group measures these financial liabilities at fair value each reporting period. Transaction costs are recognized in profit or loss.
 
Financial liabilities are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period.
Trade receivables
k.
Trade receivables
 
Trade receivables are amounts due from customers for sales of POS devices or services performed in the ordinary course of business.
Trade payables
l.
Trade payables
 
Trade payables are the Group’s obligations to pay for goods or services that have been rendered by suppliers in the ordinary course of business.
Income taxes
m.
Income taxes
 
Income tax expenses or benefit for the reported years include current and deferred taxes. Taxes are recognized in profit or loss, except for taxes arising from business combination and taxes relating to items carried to other comprehensive income or directly to equity, which are also recognized in other comprehensive income or equity, respectively, together with the item in respect of which they were created.
 
The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted in the countries in which Group companies operate and generate taxable income at the statement of financial position date. The Group periodically evaluates the tax aspects applicable to its taxable income based on the relevant tax laws and makes provisions in accordance with the amounts expected to be paid to the tax authorities.
 
The Group recognizes deferred income tax using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements.
 
The amount of deferred taxes is determined using tax rates (and laws) that have been enacted or substantially enacted by the statement of financial position date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled.
 
Deferred tax assets are recognized for temporary differences that are tax deductible, up to the amount of the differences that are expected to be utilized in the future, against taxable income. Deferred tax assets are recognized in respect of unused carryforward losses, if it is probable that future taxable profit will be available against which the unused tax losses can be utilized.
 
The Group does not recognize deferred taxes on temporary differences arising on investments in subsidiaries, since the timing of the reversal of the temporary differences is controlled by the Group and it is probable that these temporary differences will not reverse in the foreseeable future.
 
Deferred tax assets and liabilities are off set only if: (a) An enforceable legal right exists to set off current tax assets against current tax liabilities; and; (b) Deferred tax assets and liabilities relate to income tax imposed by the same tax authority on the same entity or on different entities that intend to settle the balances on a net basis.
Revenue recognition
n.
Revenue recognition
 
The Group has revenues from sales of Point of Sales (POS) devices, software as a service (SaaS) and payment processing fees.
 
  1)
Revenue measurement
 
The revenue of the Group is measured at the amount of the consideration to which the Group expects to be entitled in exchange for transferring promised terminals or services to a customer, excluding amounts collected on behalf of third parties, such as certain selling taxes. Revenue is presented net of VAT and after elimination of intra-group revenue.
 
  2)
Timing of revenue recognition
 
The Group recognizes revenue when the customer obtains control of the promised goods or service under the contract with the customer. For each performance obligation, the Group determines, when entering into a contract, if it satisfies the performance obligation over time or at a point in time.
 
The group satisfies a performance obligation over time if one of the following criteria is met: (1) the customer is receiving and consuming the benefits of the Group’s performance as the Group performs; (2) the Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or (3) the Group’s performance does not create an asset with an alternative use to the Group, and the Group has an enforceable right to payment for performance completed to that date.
 
  3)
Types of revenues of the Group
 
Revenue from sales of POS devices
 
The Group sells POS devices to customers.
 
Pursuant to IFRS 15, goods or services promised to a customer are distinct if the customer can benefit from the good or service supplied (either on its own or together with other resources that are readily available); and the Group’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract.
 
The POS devices sold to the Group’s customers enable multiple functionalities. The sale of the POS device does not oblige the customer to purchase a full solution or to make a further purchase of the Group’s services. Accordingly, the POS devices constitute a performance obligation that is separate from the service component, and the Group recognizes revenues from sales of POS devices at a point in time, when control of the POS devices is transferred to its customers.
 
SaaS revenue and payment processing fees (hereafter –"Recurring revenue")
 
The Group provides management services and payment processing services. The consideration for the management services includes monthly fees in respect of each POS device. The consideration for the payment processing fees includes processing services, which are mostly calculated as a percentage of the transaction’s value and/or a defined fee for each processed transaction. Payment is made per the normal payment terms of the Company, which are generally 15 to 60 days from the date of the invoice. The revenue from those services is recognized in the period the services are rendered.
 
The Group recognizes the payment processing fees collected from its customers on a gross basis, since the Group controls the specified services before it is transferred to the customers, in accordance with the provisions of IFRS 15. In particular, the Group is primarily responsible for fulfilling the promise to provide the payment processing services to the customer, and the Group has discretion in establishing the price for the specified services. As a payment service provider, the Group acts as a merchant of record for its merchants. The Group bears the risk of chargebacks if amounts cannot be recovered from the customer. The fees paid to the processing companies are recognized as expenses under cost of revenue.
 
Allocation of the consideration in transactions that include the sale of POS devices and the above related services is based on the relative stand-alone selling price of each performance obligation based on the price at which a good or service is sold separately.
Share-based payments
o.
Share-based payments
 
From time to time, the Group’s Board of Directors approves plans for the award of options or RSUs to the Group’s employees and suppliers, whereby the Group receives services from its employees and/or suppliers in consideration for equity instruments (options) of the Group.
 
The amount recognized for share-based payments to employees is determined in reference to the fair value of the options or RSUs granted on the grant date. Non-market vesting terms are included among the assumptions used to estimate the number of options expected to vest, such that the expense is recognized during the vesting period. As to other service providers, the cost of the transactions is measured in accordance with the fair value of the goods or services received in return for the equity instruments that were granted. Where it is not possible to measure reliably the fair value of the goods or services received in consideration for equity instruments, they are measured at the fair value of the granted equity instruments. At each statement of financial position date, the Group revises its estimates as to the number of options expected to vest, based on the non-market vesting conditions, and recognizes the impact of the change compared to the original estimates, if any, in the statement of profit or loss, with a corresponding adjustment to equity.
Earnings (Loss) per share
p.
Earnings (Loss) per share
 
The computation of basic earnings (loss) per share is based on the profit (loss) attributable to holders of ordinary shares, divided by the weighted average number of ordinary shares outstanding during the period. When calculating the diluted earnings (loss) per share, the Group adds to the average number of ordinary shares outstanding, that was used to calculate the basic earnings per share, the weighted average of the number of shares to be issued assuming that all shares that have a potentially dilutive effect would be converted into shares. Potential Ordinary Shares are only taken into account in cases where their effect is dilutive (reducing the earnings per share or increasing the loss per share).
Provisions
q.
Provisions
 
Provisions are recorded when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated.
New IFRS Accounting Standards
r.
New IFRS Accounting Standards:
 
On April 9, 2024, the International Accounting Standards Board (IASB) issued IFRS 18, Presentation and Disclosure in Financial Statements, which will replace IAS 1. The new standard introduces significant changes to the presentation of Financial Statements:
 
  1.
New categories and subtotals in the statement of profit or loss: The standard requires entities to classify income and expenses into operating, investing, and financing categories, enhancing comparability across entities.
 
  2.
Management-defined performance measures (MPMs): Entities must disclose MPMs in a single note to the financial statements, providing transparency about measures that management uses to assess financial performance.
 
  3.
Enhanced aggregation and disaggregation principles: The standard provides guidance to ensure that financial information is presented in a way that is useful to users, preventing the obscuring of material information.
 
In addition, certain amendments have been made to IAS 7, Statements of cash flows. The standard is effective for annual periods beginning on or after January 1, 2027, with earlier application permitted. The Company is currently evaluating the potential impact of IFRS 18 on its financial statements, including whether to adopt the standard earlier than its mandatory effective date.
 
In May 2024, the IASB issued an amendment to IFRS 9, Financial Instruments, clarifying the timing of recognition and derecognition of financial assets and liabilities. Among other aspects, the amendment introduces a new exception for the derecognition of financial liabilities when settled through electronic payment systems.
 
Under the revised guidance, an entity may derecognize a financial liability when it has initiated an irrevocable payment instruction via an electronic payment system. The conditions for the exception are that the entity making the payment does not have: (a) the practical ability to withdraw, stop or cancel the payment instruction; (b) the practical ability to access the cash, and; (c) significant settlement risk.
 
The amendment is effective for annual reporting periods beginning on or after January 2026, with earlier application permitted. The Company has assessed the impact of this amendment on its financial statements. Based on the assessment, no material effect is expected.
v3.25.4
MATERIAL ACCOUNTING POLICY INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Significant Accounting Policies [Abstract]  
Disclosure of estimated useful lives of property plant and equipment
   
%
Computers and peripheral equipment
  
33
Rental of POS devices
  
10-20
Machinery and equipment
  
10
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of change in foreign exchange risks of income (loss)
        
Sensitivity test for changes in exchange rate
  
Foreign currency
  
Years
  
Income (loss) from change
  
        
10% increase in exchange rate
    
10% decrease in exchange rate
  
        
US Dollars in thousands
  
NIS
  
2025
    
1,185
      
(1,185
)
2024
    
(3,524
)
    
3,524
  
2023
    
(1,762
)
    
1,762
  
EUR
  
2025
    
910
      
(910
)
2024
    
(1,644
)
    
1,644
  
2023
    
(1,698
)
    
1,698
  
GPB
  
2025
    
562
      
(562
)
2024
    
316
      
(316
)
2023
    
123
      
(123
)
AUD
  
2025
    
239
      
(239
)
2024
    
233
      
(233
)
2023
    
40
      
(40
)
Disclosure of financial Instruments trade receivables
December 31, 2025
  
Not overdue
    
Over 30 days overdue
    
Over 60 days overdue
    
Over 120 days overdue
    
Total
  
   
US Dollar in thousands
  
Gross carrying amount – trade receivables
    
70,884
      
4,258
      
8,799
      
27,828
      
111,769
  
Less – provision of allowance for credit loss
    
-
      
(812
)
    
(1,677
)
    
(5,305
)
    
(7,794
)
Trade receivable
    
70,884
      
3,446
      
7,122
      
22,523
      
103,975
  
 
December 31, 2024
  
Not overdue
    
Over 30 days overdue
    
Over 60 days overdue
    
Over 120 days overdue
    
Total
  
   
US Dollar in thousands
  
Gross carrying amount – trade receivables
    
45,592
      
2,629
      
465
      
10,787
      
59,473
  
Less – provision of allowance for credit loss
    
-
      
-
      
-
      
(3,779
)
    
(3,779
)
Trade receivable
    
45,592
      
2,629
      
465
      
7,008
      
55,694
  
Disclosure of contractual maturities of financial liabilities
   
Less than one year
    
Between 1 and 2 years
    
Between 3 and 5 years
    
More than 5 years
    
Total
  
   
US Dollars in thousands
  
December 31, 2025:
                              
Long-term bank loans
    
4,134
      
3,898
      
7,908
      
-
      
15,940
  
Lease liabilities
    
3,701
      
4,154
      
1,751
      
1,707
      
11,313
  
Other long-term liabilities, including current maturities
    
5,538
      
9,329
      
-
      
-
      
14,867
  
Debentures
    
18,598
      
50,119
      
322,793
      
-
      
391,510
  
Payables in respect of processing activity
    
180,795
      
-
      
-
      
-
      
180,795
  
Trade payables
    
29,370
      
-
      
-
      
-
      
29,370
  
Other payables
    
52,021
      
-
      
-
      
-
      
52,021
  
Total
    
294,157
      
67,500
      
332,452
      
1,707
      
695,816
  
 
   
Less than one year
    
Between 1 and 2 years
    
Between 3 and 5 years
    
More than 5 years
    
Total
  
   
US Dollars in thousands
  
December 31, 2024:
                              
Short-term loans
    
25,276
      
-
      
-
      
-
      
25,276
  
Long-term bank loans
    
6,009
      
11,213
      
9,566
      
1,812
      
28,600
  
Lease liabilities
    
3,072
      
3,724
      
627
      
26
      
7,449
  
Payables in respect of processing activity
    
132,612
      
-
      
-
      
-
      
132,612
  
Trade payables
    
21,059
      
-
      
-
      
-
      
21,059
  
Other payables
    
33,887
      
-
      
-
      
-
      
33,887
  
Total
    
221,915
      
14,937
      
10,193
      
1,838
      
248,883
  
Disclosure of changes in financial liabilities
   
Short-term credit
    
Long-term bank loans
    
Loans from others
    
Lease liabilities
    
Debentures
    
Other liabilities
    
Total
  
   
US Dollars in thousands
  
Balance at January 1, 2025
    
25,276
      
22,583
      
-
      
7,045
      
-
      
-
      
54,904
  
                                                         
Changes in 2025:
                                                        
Liabilities added in respect of new leases
    
-
      
-
      
-
      
4,883
      
-
      
-
      
4,883
  
Liabilities added in respect of debentures
    
-
      
-
      
-
      
-
      
290,265
      
-
      
290,265
  
Liabilities added in respect of acquisitions
    
774
      
-
      
-
      
273
      
-
      
-
      
1,047
  
Cash flows paid
    
(26,000
)
    
(8,689
)
    
-
      
(3,050
)
    
-
      
-
      
(37,739
)
Amounts recognized in profit or loss and other changes
    
(50
)
    
(209
)
    
-
      
725
      
23,799
      
-
      
24,265
  
Balance at December 31, 2025:
    
-
      
13,685
      
-
      
9,876
      
314,064
      
-
      
337,625
  
                     
-
                      
-
          
Balance at January 1, 2024
    
47,477
      
1,428
      
3,920
      
6,294
      
-
      
170
      
59,289
  
                                                         
Changes in 2024:
                                                        
Liabilities added in respect of new leases
    
-
      
-
      
-
      
1,875
      
-
      
-
      
1,875
  
Liabilities added in respect of loans from banks and others
    
-
      
22,835
      
-
      
-
      
-
      
-
      
22,835
  
Liabilities added in respect of acquisitions
    
561
      
-
      
-
      
1,519
      
-
      
-
      
2,080
  
Cash flows paid
    
(23,315
)
    
(3,177
)
    
(3,837
)
    
(2,655
)
    
-
      
(47
)
    
(33,031
)
Amounts recognized in profit or loss and other changes
    
553
      
1,497
      
(83
)
    
12
      
-
      
(123
)
    
1,856
  
Balance at December 31, 2024:
    
25,276
      
22,583
      
-
      
7,045
      
-
      
-
      
54,904
  
                                                         
Balance at January 1, 2023
    
7,684
      
2,496
      
7,367
      
8,150
      
-
      
362
      
26,059
  
                                                         
Changes in 2023:
                                                        
Liabilities added in respect of new leases
    
-
      
-
      
-
      
595
      
-
      
-
      
595
  
Liabilities added in respect of loans from banks and others
    
39,135
      
-
      
-
      
-
      
-
      
-
      
39,135
  
Cash flows paid
    
-
      
(998
)
    
(3,626
)
    
(2,182
)
    
-
      
(182
)
    
(6,988
)
Amounts recognized in profit or loss and other changes
    
658
      
(70
)
    
179
      
(269
)
    
-
      
(10
)
    
488
  
Balance at December 31, 2023:
    
47,477
      
1,428
      
3,920
      
6,294
      
-
      
170
      
59,289
  
Disclosure of fair value of financial instruments
Assets
  
Level 2
    
Level 3
    
Total
  
January 1, 2025
    
3,609
      
395
      
4,004
  
Business combination
    
(3,139
)
    
(395
)
    
(3,534
)
Changes in fair value
    
6,756
      
-
      
6,756
  
December 31, 2025
    
7,226
      
-
      
7,226
  
                         
January 1, 2024
    
42
      
1,831
      
1,873
  
Initially recognized
    
3,139
      
-
      
3,139
  
changes in fair value
    
428
      
(1,436
)
    
(1,008
)
December 31, 2024
    
3,609
      
395
      
4,004
  
                         
Liabilities
  
Level 2
    
Level 3
    
Total
  
January 1, 2025
    
(925
)
    
(15,410
)
    
(16,335
)
Business combination
    
747
      
997
      
1,744
  
Changes in fair value
    
178
      
(1,578
)
    
(1,400
)
Settlements
    
-
      
7,626
      
7,626
  
December 31, 2025
    
0
      
(8,365
)
    
(8,365
)
                         
January 1, 2024
    
(1,484
)
    
(12,141
)
    
(13,625
)
Initially recognized
    
-
      
(2,132
)
    
(2,132
)
changes in fair value
    
559
      
(1,137
)
    
(578
)
December 31, 2024
    
(925
)
    
(15,410
)
    
(16,335
)
v3.25.4
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Disclosure of detailed information about segment reporting
   
For the year ended December 31
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
USA
    
164,635
      
123,033
      
83,528
  
Europe (excluding UK)
    
91,782
      
76,000
      
72,887
  
UK
    
46,974
      
38,688
      
26,391
  
Australia
    
31,896
      
27,521
      
22,484
  
Israel
    
22,300
      
16,967
      
13,095
  
LATAM
    
25,314
      
13,719
      
3,132
  
Rest of the world
    
17,532
      
18,085
      
13,974
  
     
400,433
      
314,013
      
235,491
  
Disclosure of detailed information about non-current assets, excluding deferred tax assets and financial assets
   
As of December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Israel
    
156,999
      
106,215
  
USA
    
34,004
      
12,615
  
Rest of the world
    
28,763
      
16,244
  
     
219,766
      
135,074
  
v3.25.4
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Lynkwell [Member]  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Cash
    
25,900
  
Settlement of pre-existing relationship (*).
    
5,936
  
Total consideration
    
31,836
  
         
Amounts recognized on acquisition date:
        
Cash and cash equivalents
    
1,555
  
Trade receivables
    
10,867
  
Inventory
    
2,732
  
Other receivables
    
1,234
  
Property and equipment
    
3,207
  
Right of use
    
266
  
Other payables
    
(2,781
)
Trade payables
    
(2,996
)
Lease liability
    
(273
)
Total
    
13,811
  
Goodwill (**)
    
18,025
  
Total consideration
    
31,836
  
         
Cash paid upon the acquisition of a subsidiary
    
25,900
  
Cash and cash equivalents consolidated for the first time
    
(1,555
)
As reported in cash flows from investing activities for the acquisition
    
24,345
  
 
(*) Including intercompany balances that were eliminated in the consolidated financial statements.
 
(**) The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Lynkwell's expressed by synergy of good reputation and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Lynkwell represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
Uppay [Member]  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Cash
    
4,696
  
Deferred consideration
    
495
  
Total consideration
    
5,191
  
         
Amounts recognized on acquisition date:
        
Cash and cash equivalents
    
15
  
Segregated account
    
22
  
Trade receivables
    
43
  
Inventory
    
30
  
Other receivables
    
53
  
Customer relations
    
1,023
  
Technology
    
955
  
Property and equipment
    
787
  
Trade payables
    
(76
)
Other payables
    
(54
)
Deferred tax liability
    
(672
)
Total
    
2,126
  
Goodwill (*)
    
3,065
  
Total consideration
    
5,191
  
         
Cash paid upon the acquisition of a subsidiary
    
4,696
  
Cash and cash equivalents consolidated for the first time
    
(15
)
As reported in cash flows from investing activities for the acquisition
    
4,681
  
 
(*) The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Uppay's expressed by synergy of good reputation and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Uppay represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
 
(**) From the acquisition date, management determined that Uppay's business activity is fully integrated into an existing cash‑generating unit. Accordingly, and in line with IAS 36, the goodwill arising from the acquisition was allocated to the Unattended group of CGUs, which is expected to benefit from the synergies of the transaction.
Inepro Pay [Member]  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Cash
    
2,705
  
Total consideration
    
2,705
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
4
  
Trade receivables
    
633
  
Other receivables
    
82
  
Inventory
    
388
  
Customer relations
    
372
  
Technology
    
1,508
  
Trade payables
    
(499
)
Other payables
    
(533
)
Deferred tax liability
    
(320
)
Total identifiable assets, net
    
1,635
  
Goodwill (*)
    
1,070
  
Total consideration
    
2,705
  
         
Cash paid upon the acquisition of a subsidiary
    
2,705
  
Cash and cash equivalents consolidated for the first time
    
(4
)
As reported in cash flows from investing activities for the acquisition
    
2,701
  
 
(*) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for Inepro's expressed by synergy of good reputation, and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Inepro represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed
 
(**) From the acquisition date, management determined that Inepro Pay's business activity is fully integrated into an existing cash‑generating unit.
IOT Capital Technology Holdings LTD [Member]  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Cash
    
5,690
  
Settlement in options
    
1,222
  
Financial instruments, net
    
(602
)
Fair value of the equity investee
    
6,063
  
Settlement of pre-existing relationship (*)
    
2,613
  
Total consideration and previously held interests
    
14,986
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
1,049
  
Other receivables
    
2,372
  
Capitalized development costs
    
1,998
  
Property and equipment
    
28
  
Rented units
    
731
  
Customer relations
    
1,328
  
Technology
    
1,576
  
Short-term bank loans
    
(775
)
Accrued expenses
    
(684
)
Trade payables
    
(183
)
Other payables
    
(277
)
Deferred tax liability
    
(668
)
Total identifiable assets, net
    
6,495
  
Goodwill (**)
    
8,491
  
Total consideration and previously held interests
    
14,986
  
         
Cash paid upon the acquisition of a subsidiary
    
5,690
  
Cash and cash equivalents consolidated for the first time
    
(1,049
)
As reported in cash flows from investing activities for the acquisition
    
4,641
  

 

(*) Including intercompany balances that were eliminated in the consolidated financial statements.

 
(**) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for IoT, are mainly attributable to expected synergies, good reputation, and an especially talented workforce. Thus, the Goodwill resulting from the acquisition of IoT represents the excess of the aggregate of the acquisition consideration and the fair value of the Company’s previously held equity interest at the acquisition date over the net identifiable assets acquired and liabilities assumed.
 
(***) From the acquisition date, management determined that IOT Capital Technology Holdings Ltd's business activity is fully integrated into an existing cash‑generating unit.
Tigapo Ltd [Member]  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value

  
  
US Dollars in thousands
  
Cash
    
3,782
  
Deferred liability
    
2,244
  
Fair value of the call option
    
2,885
  
Fair Value of the equity investee
    
9,618
  
 Settlement of pre-existing relationship (*)
    
4,127
  
Total consideration and previously held interests
    
22,656
  
         
Amounts recognized on merger date:
        
Cash and cash equivalents
    
264
  
Trade receivables
    
449
  
Other receivables
    
120
  
Property and equipment
    
1,331
  
Inventory
    
281
  
Customer relations
    
3,990
  
Technology
    
6,479
  
Trade payables
    
(412
)
Other payables
    
(144
)
Deferred tax liability
    
(2,408
)
Total identifiable assets, net
    
9,950
  
Goodwill (**)
    
12,706
  
Total consideration and previously held interests
    
22,656
  
         
Cash paid upon the acquisition of a subsidiary
    
3,782
  
Cash and cash equivalents consolidated for the first time
    
(264
)
As reported in cash flows from investing activities for the acquisition
    
3,518
  
 
       (*) Including intercompany balances that were eliminated in the consolidated financial statements.
 
(**) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for Tigapo, are mainly attributable to expected synergies, good reputation, and an especially talented workforce. Thus, the Goodwill resulting from the acquisition of Tigapo represents the excess of the aggregate of the acquisition consideration and the fair value of the Company’s previously held equity interest at the acquisition date over the net identifiable assets acquired and liabilities assumed.
 
(***) From the acquisition date, management determined that Tigapo's business activity is fully integrated into an existing cash‑generating unit.
VMtecnologia LTDA  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Cash
    
11,345
  
Deferred consideration
    
2,205
  
Contingent consideration
    
1,209
  
Total consideration
    
14,759
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
99
  
Trade receivables
    
669
  
Other receivables
    
651
  
Property and equipment
    
6,015
  
Right of use
    
46
  
Brand
    
1,292
  
Customer relations
    
3,773
  
Technology
    
2,926
  
Trade payables
    
(407
)
Other payables
    
(710
)
Other liabilities
    
(684
)
Lease liability
    
(53
)
Long term liabilities
    
(433
)
Deferred Tax Liability
    
(2,734
)
Total identifiable assets, net
    
10,450
  
Goodwill  (*)
    
4,309
  
Total consideration
    
14,759
  
         
Cash paid upon the acquisition of a subsidiary
    
11,345
  
Cash and cash equivalents consolidated for the first time
    
(99
)
As reported in cash flows from investing activities for the acquisition
    
11,246
  
 
(*) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for VM's expressed by synergy of good reputation, an especially talented workforce. Thus, the Goodwill resulted from the acquisition of VM represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
Roseman Engineering Ltd. and Roseman Holdings Ltd.  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Cash
    
4,089
  
Deferred consideration
    
555
  
Issuance of Ordinary Shares
    
505
  
Total consideration
    
5,149
  
         
Amounts recognized on the acquisition date:
        
Cash and cash equivalents
    
401
  
Trade receivables
    
2,643
  
Inventory
    
1,269
  
Other receivables
    
284
  
Right of use assets
    
1,466
  
Property and equipment
    
158
  
Customer relations
    
1,109
  
Technology
    
665
  
Deferred Income
    
(693
)
Trade payables
    
(635
)
Other liabilities
    
(754
)
Other payables
    
(1,744
)
Lease liabilities
    
(1,466
)
Deferred Tax Liability
    
(408
)
Total identifiable assets, net
    
2,295
  
Goodwill  (*)
    
2,854
  
Total consideration
    
5,149
  
         
Cash paid upon the acquisition of a subsidiary
    
4,089
  
Cash and cash equivalents consolidated for the first time
    
(401
)
As reported in cash flows from investing activities for the acquisition
    
3,688
  
 
(*) The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Roseman's expressed by synergy of good reputation, brand identity, an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Roseman represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
Retail Pro International, LLC  
Disclosure of detailed information about business combination [line items]  
Disclosure of consideration in respect of acquisition and amounts recognized in respect of assets purchased and liabilities assumed on purchase date, at fair value
   
US Dollars in thousands
  
Consideration paid in cash
    
18,759
  
Contingent Consideration
    
12,141
  
Total consideration
    
30,900
  
         
Amounts recognized on the acquistion date:
        
Cash and cash equivalents
    
430
  
Trade receivables
    
1,854
  
Other receivables
    
280
  
Property and equipment
    
140
  
Technology
    
20,148
  
Customer relations
    
7,092
  
Brand
    
3,031
  
Trade payables
    
(1,339
)
Other payables
    
(924
)
Deferred Tax Liability
    
(2,626
)
Total identifiable assets, net
    
28,086
  
Goodwill  (*)
    
2,814
  
Total consideration
    
30,900
  
         
Cash paid upon the acquisition of a subsidiary
    
18,759
  
Cash and cash equivalents consolidated for the first time
    
(430
)
As reported in cash flows from investing activities for the acquisition
    
18,329
  
 
(*) The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for RPI's expressed by synergy of good reputation, and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of RPI represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
v3.25.4
CASH AND CASH EQUIVALENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Cash and cash equivalents [abstract]  
Disclosure of cash and cash equivalents
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
US Dollar
    
47,157
      
56,141
  
New Israeli Shekel
    
239,952
      
4,939
  
Euro
    
8,295
      
4,758
  
British pound sterling
    
5,577
      
5,169
  
Australian Dollar
    
2,442
      
1,495
  
Other currencies
    
16,115
      
10,628
  
     
319,538
      
83,130
  
v3.25.4
TRADE RECEIVABLES (Tables)
 12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
Disclosure of compose trade receivables
 
  
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Open accounts
    
111,769
      
59,473
  
Less - provision of allowance for credit loss
    
(7,794
)
    
(3,779
)
Trade receivables - net
    
103,975
      
55,694
  
Disclosure of changes in provision for credit losses
   
US Dollars in 
thousands
  
       
Balance as of January 1, 2025
    
3,779
  
Amounts provided against profit or loss in respect of receivables for which
the provision for loss is measured over the entire life of the receivable balance
        
   
4,015
  
Balance as of December 31, 2025
    
7,794
  
         
Balance as of January 1, 2024
    
1,866
  
Amounts provided against profit or loss in respect of receivables for which
the provision for loss is measured over the entire life of the receivable balance
        
   
1,913
  
Balance as of December 31, 2024
    
3,779
  
v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Presentation of leases for lessee [abstract]  
Disclosure of right of use asset years of depreciation and interest rates used to discount lease payments
   
Years of depreciation
    
Interest
rate
  
Buildings
      2-10      
1.43%-7.5
%
Disclosure of right-of-use assets
The following is the composition of right-of-use asset balances as of December 31, 2025:
 
   
Buildings
  
   
US Dollars in thousands
  
Cost:
      
Balance as of January 1, 2025
    
14,501
  
Additions during the year
    
4,883
  
Additions in respect of acquisition
    
266
  
Other changes
    
263
  
Balance as of December 31, 2025
    
19,913
  
         
Depreciation and amortization:
        
Balance as of January 1, 2025
    
8,209
  
Depreciation during the year
    
2,793
  
Balance as of December 31, 2025
    
11,002
  
         
Right-of-use assets - net
    
8,911
  
 
The following is the composition of right-of-use asset balances as of December 31, 2024:
 
   
Buildings
  
   
US Dollars in thousands
  
Cost:
      
Balance as of January 1, 2024
    
11,087
  
Additions during the year
    
1,653
  
Additions in respect of acquisition
    
1,512
  
Other changes
    
249
  
Balance as of December 31, 2024
    
14,501
  
         
Depreciation and amortization:
        
Balance as of January 1, 2024
    
5,746
  
Depreciation during the year
    
2,463
  
Balance as of December 31, 2024
    
8,209
  
         
Right-of-use assets - net
    
6,292
  
 
The following is the composition of right-of-use asset balances as of December 31, 2023:
 
   
 
Buildings
    
Technological equipment
    
 
Total
  
   
US Dollars in thousands
  
Cost:
                  
Balance as of January 1, 2023
    
10,947
      
331
      
11,278
  
Additions during the year
    
338
      
-
      
338
  
Disposals
    
(455
)
    
(331
)
    
(786
)
Other changes
    
257
      
-
      
257
  
Balance as of December 31, 2023
    
11,087
      
-
      
11,087
  
                         
Depreciation and amortization:
                        
Balance as of January 1, 2023
    
3,579
      
318
      
3,897
  
Depreciation during the year
    
2,167
      
11
      
2,178
  
Disposals
    
-
      
(329
)
    
(329
)
Balance as of December 31, 2023
    
5,746
      
-
      
5,746
  
                         
Right-of-use assets - net
    
5,341
      
-
      
5,341
  
Disclosure of composition and changes in lease liabilities
The following table summarizes the composition of lease liability balances as of December 31, 2025:
 
   
Buildings
  
   
US Dollars in thousands
  
Balance as of January 1, 2025
    
7,045
  
Additions during the year
    
4,883
  
Additions in respect of acquisition
    
273
  
Interest expenses
    
398
  
Lease payments
    
(3,448
)
Other changes
    
725
  
Balance as of December 31, 2025
    
9,876
  
         
Current maturities of lease liabilities
    
3,474
  
Long-term lease liabilities
    
6,402
  
Balance as of December 31, 2025
    
9,876
  
 
The following table summarizes the composition of lease liability balances as of December 31, 2024:
 
   
Buildings
  
   
US Dollars in thousands
  
Balance as of January 1, 2024
    
6,294
  
Additions during the year
    
1,653
  
Additions in respect of acquisition
    
1,519
  
Interest expenses
    
342
  
Lease payments
    
(2,997
)
Other changes
    
234
  
Balance as of December 31, 2024
    
7,045
  
         
Current maturities of lease liabilities
    
2,967
  
Long-term lease liabilities
    
4,078
  
Balance as of December 31, 2024
    
7,045
  
 
The following table summarizes the composition of lease liability balances as of December 31, 2023:
 
   
Buildings
    
Technological equipment
    
Total
  
   
US Dollars in thousands
  
Balance as of January 1, 2023
    
8,141
      
9
      
8,150
  
Additions during the year
    
338
      
-
      
338
  
Interest expenses
    
330
      
-
      
330
  
Lease payments
    
(2,503
)
    
(9
)
    
(2,512
)
Other changes
    
(12
)
    
-
      
(12
)
Balance as of December 31, 2023
    
6,294
      
-
      
6,294
  
                         
Current maturities of lease liabilities
    
2,145
      
-
      
2,145
  
Long-term lease liabilities
    
4,149
      
-
      
4,149
  
Balance as of December 31, 2023
    
6,294
      
-
      
6,294
  
v3.25.4
PROPERTY, PLANT AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Disclosure of property, plant and equipment
   
Leasehold improvements
    
Computers and peripheral equipment
    
Rented POS devices
    
Machines and equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                              
Balance as of January 1, 2025
    
4,055
      
17,584
      
6,914
      
633
      
29,186
  
Additions
    
290
      
733
      
4,493
      
10
      
5,526
  
Acquired through business combinations
    
205
      
259
      
2,666
      
2,954
      
6,084
  
Disposals
    
(60
)
    
(68
)
    
(223
)
    
-
      
(351
)
Translation differences
    
32
      
149
      
1,209
      
(104
)
    
1,286
  
Balance as of December 31, 2025
    
4,522
      
18,657
      
15,059
      
3,493
      
41,731
  
                                         
Accumulated depreciation:
                                        
Balance as of January 1, 2025
    
1,581
      
14,903
      
1,204
      
386
      
18,074
  
Depreciation during the year
    
430
      
1,235
      
1,356
      
156
      
3,177
  
Disposals
    
(60
)
    
(68
)
    
(223
)
    
-
      
(351
)
Translation differences
    
28
      
83
      
390
      
(32
)
    
469
  
Balance as of December 31, 2025
    
1,979
      
16,153
      
2,727
      
510
      
21,369
  
                                         
Net book value:
                                        
As of December 31, 2025
    
2,543
      
2,504
      
12,332
      
2,983
      
20,362
  
 
Composition of property and equipment and accumulated depreciation thereon, grouped by major classifications, and changes therein in 2024, are as follows:
 
   
Leasehold improvements
    
Computers and peripheral equipment
    
Rented POS devices
    
Machines and equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                              
Balance as of January 1, 2024
    
3,969
      
16,071
      
639
      
586
      
21,265
  
Additions
    
46
      
1,364
      
1,818
      
5
      
3,233
  
Acquired through business combinations
    
49
      
273
      
5,806
      
45
      
6,173
  
Disposals
    
-
      
(83
)
    
-
      
-
      
(83
)
Translation differences
    
(9
)
    
(41
)
    
(1,349
)
    
(3
)
    
(1,402
)
Balance as of December 31, 2024
    
4,055
      
17,584
      
6,914
      
633
      
29,186
  
                                         
Accumulated depreciation:
                                        
Balance as of January 1, 2024
    
1,194
      
13,720
      
552
      
312
      
15,778
  
Depreciation during the year
    
390
      
1,284
      
937
      
75
      
2,686
  
Disposals
    
-
      
(82
)
    
-
      
-
      
(82
)
Translation differences
    
(3
)
    
(19
)
    
(285
)
    
(1
)
    
(308
)
Balance as of December 31, 2024
    
1,581
      
14,903
      
1,204
      
386
      
18,074
  
                                         
Net book value:
                                        
As of December 31, 2024
    
2,474
      
2,681
      
5,710
      
247
      
11,112
  
 
Composition of property and equipment and accumulated depreciation thereon, grouped by major classifications, and changes therein in 2023, are as follows:
 
   
Leasehold improvements
    
Computers and peripheral equipment
    
Rented POS devices
    
Machines and equipment
    
Total
  
   
US Dollars in thousands
  
Cost:
                              
Balance as of January 1, 2023
    
3,956
      
15,380
      
606
      
586
      
20,528
  
Additions
    
13
      
641
      
54
      
-
      
708
  
Acquired through business combinations
    
-
      
140
      
-
      
-
      
140
  
Disposals
    
-
      
(83
)
    
-
      
-
      
(83
)
Translation differences
    
-
      
(7
)
    
(21
)
    
-
      
(28
)
Balance as of December 31, 2023
    
3,969
      
16,071
      
639
      
586
      
21,265
  
                                         
Accumulated depreciation:
                                        
Balance as of January 1, 2023
    
883
      
12,391
      
316
      
270
      
13,860
  
Depreciation during the year
    
311
      
1,414
      
237
      
42
      
2,004
  
Disposals
    
-
      
(83
)
    
-
      
-
      
(83
)
Translation differences
    
-
      
(2
)
    
(1
)
    
-
      
(3
)
Balance as of December 31, 2023
    
1,194
      
13,720
      
552
      
312
      
15,778
  
                                         
Net book value:
                                        
As of December 31, 2023
    
2,775
      
2,351
      
87
      
274
      
5,487
  
v3.25.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about intangible assets [line items]  
Disclosure of composition of intangible assets and accumulated amortization
 
  

Capitalized development costs **
 
 
  

Distribution rights and brand*
 
 
  

Customer relationships purchased *
 
 
  

Technology **
 
 
  

Goodwill (a)
 
 
  

Patents **
 
 
  

Total
   
US Dollars in thousands
  
Cost:
                                          
Balance as of January 1, 2025
    
87,307
      
9,404
      
20,154
      
29,231
      
19,263
      
806
      
166,165
  
Additions
    
22,191
      
-
      
-
      
2,933
      
-
      
-
      
25,124
  
Acquired through business combinations
    
1,998
      
-
      
6,713
      
10,518
      
43,356
      
-
      
62,585
  
Translation differences
    
1,673
      
139
      
1,013
      
767
      
1,755
      
-
      
5,347
  
Balance as of December 31, 2025
    
113,169
      
9,543
      
27,880
      
43,449
      
64,374
      
806
      
259,221
  
                                                         
Accumulated amortization:
                                                        
Balance as of January 1, 2025
    
29,876
      
3,533
      
6,876
      
7,977
      
-
      
233
      
48,495
  
Amortization
    
7,955
      
1,110
      
4,240
      
6,151
      
-
      
61
      
19,517
  
Translation differences
    
152
      
16
      
259
      
289
      
-
      
-
      
716
  
Balance as of December 31, 2025
    
37,983
      
4,659
      
11,375
      
14,417
      
-
      
294
      
68,728
  
                                                         
Net book value:
                                                        
As of December 31, 2025
    
75,186
      
4,884
      
16,505
      
29,032
      
64,374
      
512
      
190,493
  

 

Composition of intangible assets and accumulated amortization thereon, grouped by major classifications, and changes therein in 2024 are as follows:
 
   
Capitalized development costs **
    
Distribution rights and brand*
    
Customer relationships purchased *
    
Technology **
    
Goodwill (a)
    
Patents **
    
Total
  
   
US Dollars in thousands
  
Cost:
                                          
Balance as of January 1, 2024
    
66,415
      
8,323
      
15,916
      
24,574
      
12,866
      
806
      
128,900
  
Additions
    
20,930
      
-
      
-
      
1,681
      
-
      
-
      
22,611
  
Acquired through business combinations
    
-
      
1,292
      
4,882
      
3,591
      
7,163
      
-
      
16,928
  
Translation differences
    
(38
)
    
(211
)
    
(644
)
    
(615
)
    
(766
)
    
-
      
(2,274
)
Balance as of December 31, 2024
    
87,307
      
9,404
      
20,154
      
29,231
      
19,263
      
806
      
166,165
  
                                                         
Accumulated amortization:
                                                        
Balance as of January 1, 2024
    
23,451
      
2,576
      
3,260
      
3,031
      
-
      
171
      
32,489
  
Amortization
    
6,428
      
969
      
3,684
      
5,078
      
-
      
62
      
16,221
  
Translation differences
    
(3
)
    
(12
)
    
(68
)
    
(132
)
    
-
      
-
      
(215
)
Balance as of December 31, 2024
    
29,876
      
3,533
      
6,876
      
7,977
      
-
      
233
      
48,495
  
                                                         
Net book value:
                                                        
As of December 31, 2024
    
57,431
      
5,871
      
13,278
      
21,254
      
19,263
      
573
      
117,670
  

 

Composition of intangible assets and accumulated amortization thereon, grouped by major classifications, and changes therein in 2023 are as follows:
 
   
Capitalized development costs **
    
Distribution rights and brand *
    
Customer relationships purchased *
    
Technology **
    
Goodwill (a)
    
Patents **
    
Total
  
   
US Dollars in thousands
  
Cost:
                                          
Balance as of January 1, 2023
    
49,806
      
5,292
      
8,884
      
4,456
      
10,196
      
806
      
79,440
  
Additions
    
16,773
      
-
      
-
      
-
      
-
      
-
      
16,773
  
Acquired through business combinations
    
-
      
3,031
      
7,092
      
20,148
      
2,814
      
-
      
33,085
  
Disposals
    
(138
)
    
-
      
-
      
-
      
-
      
-
      
(138
)
Translation differences
    
(26
)
    
-
      
(60
)
    
(30
)
    
(144
)
    
-
      
(260
)
Balance as of December 31, 2023
    
66,415
      
8,323
      
15,916
      
24,574
      
12,866
      
806
      
128,900
  
                                                         
Accumulated amortization:
                                                        
Balance as of January 1, 2023
    
18,206
      
2,261
      
1,693
      
2,055
      
-
      
109
      
24,324
  
Amortization
    
5,386
      
315
      
1,574
      
984
      
-
      
62
      
8,321
  
Disposals
    
(138
)
    
-
      
-
      
-
      
-
      
-
      
(138
)
Translation differences
    
(3
)
    
-
      
(7
)
    
(8
)
    
-
      
-
      
(18
)
Balance as of December 31, 2023
    
23,451
      
2,576
      
3,260
      
3,031
      
-
      
171
      
32,489
  
                                                         
Net book value:
                                                        
As of December 31, 2023
    
42,964
      
5,747
      
12,656
      
21,543
      
12,866
      
635
      
96,411
  
 
*Amortization of customer relationship and distribution rights are included under selling, general and administrative expenses.
 
**Amortization of technology, patents and development costs are included in “Depreciation and amortization in respect of technology and capitalized development costs”.
Unattended group of CGUs  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
Unattended group of CGUs
Growth rate
2%
Discount rate
13.8%
VMtecnologia LTDA  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
VM
Growth rate
3.5%
Discount rate
19.6%
On Track Innovation Ltd.  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
OTI
Growth rate
2%
Discount rate
21%
Weezmo  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
Weezmo
Growth rate
2%
Discount rate
21%
Vendsys  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
Vendsys
Growth rate
4%
Discount rate
12%
Roseman Holdings Ltd.  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
Roseman
Growth rate
2%
Discount rate
15%
Lynkwell  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
Lynkwell
Growth rate
2%
Discount rate
20%
Retail CGU  
Disclosure of detailed information about intangible assets [line items]  
Disclosure of assumption of schedule of cash generating units
 
Retail
Growth rate
2%
Discount rate
21%
v3.25.4
Liabilities to Banks and debentures (Tables)
 12 Months Ended
Dec. 31, 2025
Credit And Loans From Banks [Abstract]  
Disclosure of credit and loans from banks
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Total bank loans
    
13,685
      
22,583
  
Less - current maturities
    
(3,220
)
    
(3,978
)
Total long-term bank loans
    
10,465
      
18,605
  
Disclosure of issuance of debentures and warrants
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Debentures
    
314,064
      
-
  
v3.25.4
OTHER LONG-TERM LIABILTIES (Tables)
 12 Months Ended
Dec. 31, 2025
Other Long Term Liabilties [Abstract]  
Disclosure of other long-term liabilities, net of current maturities
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Contingent consideration, see note 6 (*)
    
3,231
      
14,290
  
Deferred consideration, see note 6 (*)
    
2,488
      
1,844
  
Other
    
3,610
      
5,079
  
     
9,329
      
21,213
  
(*) With regards to liability for deferred and contingent payments as of December 31, 2025, the company recognized a deferred and contingent liabilities as part of the acquisitions of Retail Pro International LLC, VMtecnologia LTDA and Uppay Serviços De Tecnologia Da Informação S.A, see note 6.
v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Income Taxes [Abstract]  
Disclosure of reconciliation of tax rate
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Profit (Loss) before taxes on income
    
34,566
      
(4,384
)
    
(14,672
)
Statutory tax rate
    
23
%
    
23
%
    
23
%
Theoretical income tax benefit (expenses)
    
(7,950
)
    
1,008
      
3,375
  
Share-based payment expenses which are not deductible
    
(1,897
)
    
(1,660
)
    
(1,388
)
Carry forward losses without deferred taxes recognition
    
7,675
      
(521
)
    
(3,176
)
Accounting gain arising from obtaining control, not taxable
    
2,795
      
-
      
-
  
Other
    
327
      
(74
)
    
(26
)
Effective tax benefit (expenses)
    
950
      
(1,247
)
    
(1,215
)
Disclosure of deferred taxes
   
 
Intangible assets
    
Provisions for employee rights
    
 
Other
    
Losses for tax purposes
    
 
Total
  
   
US Dollars in thousands
  
Balance at January 1, 2025
    
(5,923
)
    
689
      
-
      
960
      
(4,274
)
Change in 2025:
                                        
Recognized in income statement
    
155
      
71
      
-
      
5,173
      
5,399
  
Deferred taxes created in acquisition of subsidiary
    
(4,068
)
    
-
      
-
      
-
      
(4,068
)
Recognized in translation currency difference reserve
    
(101
)
    
-
      
-
      
-
      
(101
)
Balance at December 31, 2025
    
(9,937
)
    
760
      
-
      
6,133
      
(3,044
)
Balance at January 1, 2024
    
(4,104
)
    
579
      
-
      
417
      
(3,108
)
Change in 2024:
                                        
Recognized in income statement
    
987
      
110
      
-
      
543
      
1,640
  
Deferred taxes created in acquisition of subsidiary
    
(3,142
)
    
-
      
-
      
-
      
(3,142
)
Recognized in translation currency difference reserve
    
336
      
-
      
-
      
-
      
336
  
Balance at December 31, 2024
    
(5,923
)
    
689
      
-
      
960
      
(4,274
)
Balance at January 1, 2023
    
(1,074
)
    
44
      
44
      
193
      
(793
)
Change in 2023:
                                        
Recognized in income statement
    
(421
)
    
535
      
(44
)
    
224
      
294
  
Deferred taxes created in acquisition of subsidiary
    
(2,626
)
    
-
      
-
      
-
      
(2,626
)
Recognized in translation currency difference reserve
    
17
      
-
      
-
      
-
      
17
  
Balance at December 31, 2023
    
(4,104
)
    
579
      
-
      
417
      
(3,108
)
Disclosure of deferred taxes as of statement of financial position
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Non-current assets
    
3,901
      
-
  
Non-current liabilities
    
(6,945
)
    
(4,274
)
     
(3,044
)
    
(4,274
)
Disclosure of taxes on profit or loss
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Current tax expenses
    
(4,449
)
    
(2,887
)
    
(1,509
)
Deferred tax income
    
5,399
      
1,640
      
294
  
     
950
      
(1,247
)
    
(1,215
)
v3.25.4
CAPITAL AND RESERVES (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of classes of share capital [abstract]  
Disclosure of composition of share capital
   

Number of shares

    

In thousands

  
   
Authorized
    
Issued and paid
    
Authorized
    
Issued and paid
  
   
December 31, 2025
    
December 31, 2025
  
Ordinary shares
    
70,000,000
      
37,301,367
       70,000       37,301  
   

Number of shares

    

In thousands

  
   
Authorized
    
Issued and paid
    
Authorized
    
Issued and paid
  
   
December 31, 2024
    
December 31, 2024
  
Ordinary shares
    
70,000,000
       36,607,407       70,000       36,607  
   
Number of shares
    
In thousands
  
   
Authorized
    
Issued and paid
    
Authorized
    
Issued and paid
  
   
December 31, 2023
    
December 31, 2023
  
Ordinary shares
    
70,000,000
       33,326,736       70,000       33,327  
Disclosure of share-based payment
Allotment date
Share
price
Exercise
price
Expected
option life
Risk-free
interest rate
Average standard
deviation (**)
Option fair
value
The weighted average for 2025
$42.52
-
-
-
-
$42.52
The weighted average for 2024
$25.78
-
-
-
-
$25.78
The weighted average for 2023
$19.92
-
-
-
-
$19.92
December 17, 2025 - RSU
$ 44.49
-
-
-
-
$ 44.49
December 9, 2025 - RSU
$ 43.09
-
-
-
-
$ 43.09

August 11, 2025- RSU

$44.76

 - - - -

$44.76
June 3, 2025 - Options
$ 44.12
$ 41.00
5
0.0409
0.5717
$ 24.21
June 3, 2025 - RSUs
$ 44.12
-
-
-
-
$ 44.12
May 12, 2025 - Options
$ 40.65
$ 0.01
5
0.0409
0.5770
$ 40.64
May 12, 2025 - RSUs
$ 40.65
-
-
-
-
$ 40.65
September, 6, 2024 – RSUs
$ 23.72
-
-
-
-
$ 23.72
September, 6, 2024 – Options
$21.02
 $22.59
5
0.0373
0.6374
$11.59
August 6, 2024 - RSU
$ 21.02
-
-
-
-
$ 21.02
June 25, 2024 - RSUs
$ 21.55
-
-
-
-
$ 21.55
May 12, 2024 - RSUs
$ 28.49
-
-
-
-
$ 28.49
February 27, 2024 - RSUs
$ 27.93
-
-
-
-
$ 27.93
February 1, 2024 - RSUs
$ 24.25
-
-
-
-
$ 24.25
November, 2023 – RSUs
$ 19.57
-
-
-
-
$ 19.57
June 26, 2023 – Options
$ 19.34
$ 18.83
5
0.0396
0.678
$11.03
June 26, 2023 – RSUs
$ 19.34
-
-
-
-
$19.34
 
(**) The Average standard deviation was determined based on historical volatility of the company.
Disclosure of breakdown of options and the weighted average exercise price
   
December 31, 2025
    
December 31, 2024
    
December 31, 2023
  
   
Number of awards
    
Weighted average exercise price
    
Number of awards
    
Weighted average exercise price
    
Number of awards
    
Weighted average exercise price
  
Number of awards outstanding at beginning of year
    
2,494,010
      
18.7
      
3,339,120
      
17.8
      
3,823,052
      
19.3
  
New granted
    
326,716
      
6.55
      
283,371
      
22.5
      
264,256
      
18.8
  
Exercised awards
    
(693,960
)
    
8.32
      
(680,671
)
    
8.00
      
(370,732
)
    
6.6
  
Forfeited awards
    
(130,974
)
    
26.99
      
(414,134
)
    
26.0
      
(366,633
)
    
26.1
  
Expired awards
    
(34,405
)
    
22.41
      
(33,676
)
    
19.15
      
(10,823
)
    
14.8
  
Outstanding awards at end of year
    
1,961,387
      
18.76
      
2,494,010
      
18.70
      
3,339,120
      
17.8
  
Exercisable options at end of year
    
1,114,565
      
21.19
      
1,274,794
      
14.20
      
1,550,358
      
11.7
  
v3.25.4
REVENUES (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue [abstract]  
Disclosure of detailed information about revenues
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Revenue from the sale of integrated POS devices
    
113,232
      
91,677
      
84,406
  
Recurring revenue:
                        
SaaS revenue
    
113,100
      
88,494
      
58,920
  
Payment processing fee
    
174,101
      
133,842
      
92,165
  
     
287,201
      
222,336
      
151,085
  
     
400,433
      
314,013
      
235,491
v3.25.4
COST OF REVENUES (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Cost Of Revenues [Abstract]  
Disclosure of detailed information about cost of revenues
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Cost of integrated POS devices sales
    
73,226
      
64,106
      
68,433
  
Cost of recurring revenue:
                        
Cost of services
    
26,798
      
20,088
      
13,419
  
Cost of processing
    
107,447
      
88,285
      
65,346
  
     
207,471
      
172,479
      
147,198
  
v3.25.4
RESEARCH AND DEVELOPMENT EXPENSES (Tables)
 12 Months Ended
Dec. 31, 2025
Research And Development Expenses [Abstract]  
Disclosure of detailed information about research and development expenses
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Payroll and related expenses
    
23,327
      
18,341
      
15,309
  
Suppliers and subcontractors
    
3,559
      
3,780
      
3,416
  
Office and maintenance
    
406
      
586
      
684
  
Share-based payment
    
1,428
      
1,355
      
1,148
  
Depreciation and amortization
    
1,239
      
1,312
      
1,371
  
     
29,959
      
25,374
      
21,928
v3.25.4
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)
 12 Months Ended
Dec. 31, 2025
Selling, general and administrative expense [abstract]  
Schedule of selling, general and administrative expenses
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Payroll and related expenses
    
60,041
      
49,228
      
36,520
  
Share-based payment
    
5,545
      
5,475
      
4,627
  
Office and maintenance
    
4,765
      
3,745
      
2,749
  
Advertising and sales promotion
    
5,246
      
3,117
      
2,192
  
Depreciation and amortization
    
8,659
      
7,483
      
4,444
  
Computers and IT systems maintenance
    
10,517
      
8,260
      
5,196
  
Professional fees
    
14,942
      
12,256
      
8,443
  
Provision for credit losses and bad debts
    
1,748
      
675
      
-
  
Other expenses
    
9,844
      
7,957
      
6,149
  
     
121,307
      
98,196
      
70,320
v3.25.4
FINANCIAL EXPENSES OR INCOME (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Finance Expenses Or Income [Abstract]  
Disclosure of detailed information about financial income
 
  
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Interest income on cash and bank deposits
    
6,217
      
3,110
      
1,685
  
Financial income in respect of change in fair value options
    
-
      
148
      
-
  
Financial income in respect of shareholders and related companies
    
224
      
150
      
24
  
Financial income in respect of finance sub-lease
    
-
      
-
      
17
  
Financial income in respect of exchange rate differences
    
4,231
      
-
      
767
  
     
10,672
      
3,408
      
2,493
  
Disclosure of detailed information about financial expense
 
  
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Interest expense on bank loans and bank fees
    
(3,380
)
    
(6,181
)
    
(3,389
)
Financial expenses in respect of change in fair value options
    
(53
)
    
-
      
(310
)
Financial expenses in respect of loans from others
    
-
      
(197
)
    
(591
)
Financial expenses in respect of other liabilities
    
(997
)
    
(1,552
)
    
(161
)
Financial expenses in respect of debentures
    
(8,892
)
    
-
      
-
  
Financial expenses in respect of leases liabilities
    
(344
)
    
(333
)
    
(330
)
Financial Expenses in respect of exchange rate differences
    
-
      
(2,634
)
    
-
  
     
(13,666
)
    
(10,897
)
    
(4,781
)
v3.25.4
PROFIT (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
Schedule of basic earnings per ordinary share
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
Profit (Loss) for the year attributed to holders of
                  
ordinary shares (US Dollars in thousands)
    
35,516
      
(5,631
)
    
(15,887
)
Weighted average number of ordinary shares issued
                        
(in thousands)
    
36,980
      
35,762
      
33,149
  
Basic profit (Loss) per ordinary share (in dollars)
    
0.960
      
(0.157
)
    
(0.479
)
Schedule of diluted earnings per ordinary share
   
Thousands of shares
  
   
As of December 31,
  
   
2025
    
2024
    
2023
  
Profit (Loss) for the year attributed to holders of ordinary shares (US Dollars in thousands)
    
35,516
      
(5,631
)
    
(15,887
)
Weighted average number of ordinary shares issued and used for the calculation of basic earnings per share (US Dollars in thousands)
    
36,980
      
35,762
      
33,149
  
Adjustment for weighted average number of additional shares from dilutive effect of options and RSUs (in thousands)
    
675
      
-
      
-
  
Weighted average number of shares for calculation of diluted earnings per share (in thousands)
    
37,655
      
35,762
      
33,149
  
Diluted profit (Loss) per ordinary share (in dollars) 
    
0.943
      
(0.157
)
    
(0.479
)
v3.25.4
RELATED PARTIES (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of transactions between related parties [abstract]  
Disclosure of transactions with related parties
   
For the year ended December 31,
  
   
2025
    
2024
    
2023
  
   
US Dollars in thousands
  
Payroll, options and payments to related parties employed by the Company
    
1,863
      
3,550
      
2,671
  
Payroll to directors
    
229
      
228
      
176
  
Transactions - associated companies
    
-
      
3,474
      
2,202
  
Disclosure of balances with related parties
   
December 31,
  
   
2025
    
2024
  
   
US Dollars in thousands
  
Receivables – associated companies
    
-
      
3,903
  
Trade payables – related companies and parties
    
102
      
83
  
Other payables – related companies and parties
    
44
      
37
  
v3.25.4
GENERAL (Narrative) (Details)
₪ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 11, 2025
ILS (₪)
₪ / shares
shares
Dec. 11, 2025
USD ($)
Mar. 11, 2025
ILS (₪)
₪ / shares
shares
Mar. 11, 2025
USD ($)
Mar. 12, 2024
USD ($)
shares
Mar. 12, 2024
USD ($)
shares
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Disclosure of attribution of expenses by nature to their function [line items]                  
Proceeds from issue of ordinary shares             $ 0 $ 62,686 $ 0
Share issue related cost               $ 63,191  
Initial Public Offering [Member]                  
Disclosure of attribution of expenses by nature to their function [line items]                  
Number of ordinary shares issued and sold | shares 518,381   486,291   2,600,000 2,600,000      
Proceeds from issue of ordinary shares           $ 62,700      
Share issue related cost         $ 506        
Net proceeds from issue of ordinary shares ₪ 558,000,000 $ 173,900 ₪ 485,000,000 $ 133,000          
Initial Public Offering [Member] | Non Linked Debentures And Three Warrants [Member]                  
Disclosure of attribution of expenses by nature to their function [line items]                  
Proceeds from issue of ordinary shares 565,500,000 $ 176,000 496,500,000 $ 137,100          
Principal amount in each units | ₪ ₪ 1,000   ₪ 1,000            
Par value per share | ₪ / shares ₪ 1,091   ₪ 1,021            
Debentures , interest rate     5.90%            
Debentures , maturity     maturing on September 30, 2030, with principal repayments in four unequal annual installments from 2027 to 2030 maturing on September 30, 2030, with principal repayments in four unequal annual installments from 2027 to 2030          
v3.25.4
MATERIAL ACCOUNTING POLICY INFORMATION (Narrative) (Details)
 12 Months Ended
Dec. 31, 2025
Intangible assets under development [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 5 years
Minimum [Member] | Distributions Rights [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 3 years
Minimum [Member] | Customer-related intangible assets [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 4 years
Minimum [Member] | Technology-based intangible assets [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 5 years
Maximum [Member] | Distributions Rights [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 20 years
Maximum [Member] | Customer-related intangible assets [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 10 years
Maximum [Member] | Technology-based intangible assets [Member]  
Accounting Policies [Line Items]  
Intangible assets with definite useful life 7 years
v3.25.4
MATERIAL ACCOUNTING POLICY INFORMATION - Disclosure of depreciation percentage on assets (Details)
 12 Months Ended
Dec. 31, 2025
Computers and peripheral equipment  
Accounting Policies [Line Items]  
Percentage of depreciation on residual value 33.00%
Rental of POS devices | Maximum [Member]  
Accounting Policies [Line Items]  
Percentage of depreciation on residual value 20.00%
Rental of POS devices | Minimum [Member]  
Accounting Policies [Line Items]  
Percentage of depreciation on residual value 10.00%
Machinery and equipment  
Accounting Policies [Line Items]  
Percentage of depreciation on residual value 10.00%
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT - Disclosure of income (loss) from change in foreign currency (Details) - Foreign exchange risk - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
10% increase in exchange rate | NIS      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change $ 1,185 $ (3,524) $ (1,762)
10% increase in exchange rate | EUR      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change 910 (1,644) (1,698)
10% increase in exchange rate | GPB      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change 562 316 123
10% increase in exchange rate | AUD      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change 239 233 40
10% decrease in exchange rate | NIS      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change (1,185) 3,524 1,762
10% decrease in exchange rate | EUR      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change (910) 1,644 1,698
10% decrease in exchange rate | GPB      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change (562) (316) (123)
10% decrease in exchange rate | AUD      
Disclosure of detailed information about financial instruments [line items]      
Income (loss) from change $ (239) $ (233) $ (40)
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT - Disclosure of loss balance for trade receivables (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Disclosure of detailed information about financial instruments [line items]    
Trade receivables $ 111,769 $ 59,473
Credit risk | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 103,975 55,694
Credit risk | Not overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 70,884 45,592
Credit risk | Over 30 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 3,446 2,629
Credit risk | Over 60 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 7,122 465
Credit risk | Over 120 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 22,523 7,008
Credit risk | Gross carrying amount | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 111,769 59,473
Credit risk | Gross carrying amount | Not overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 70,884 45,592
Credit risk | Gross carrying amount | Over 30 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 4,258 2,629
Credit risk | Gross carrying amount | Over 60 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 8,799 465
Credit risk | Gross carrying amount | Over 120 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 27,828 10,787
Credit risk | Less: provision for credit losses | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables (7,794) (3,779)
Credit risk | Less: provision for credit losses | Not overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables 0 0
Credit risk | Less: provision for credit losses | Over 30 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables (812) 0
Credit risk | Less: provision for credit losses | Over 60 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables (1,677) 0
Credit risk | Less: provision for credit losses | Over 120 days overdue | Trade receivables    
Disclosure of detailed information about financial instruments [line items]    
Trade receivables $ (5,305) $ (3,779)
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT - Disclosure of maturity analysis of financial liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]        
Lease liabilities     $ 6,294 $ 8,150
Payables in respect of processing activity $ 180,795 $ 130,958    
Trade payables 102 83    
Liquidity risk        
Disclosure of detailed information about financial instruments [line items]        
Long-term bank loans 15,940 28,600    
Short-term loans   25,276    
Lease liabilities 11,313 7,449    
Other long-term liabilities, including current maturities 14,867      
Debentures 391,510      
Payables in respect of processing activity 180,795 132,612    
Trade payables 29,370 21,059    
Other payables 52,021 33,887    
Total 695,816 248,883    
Liquidity risk | Less than one year        
Disclosure of detailed information about financial instruments [line items]        
Long-term bank loans 4,134 6,009    
Short-term loans   25,276    
Lease liabilities 3,701 3,072    
Other long-term liabilities, including current maturities 5,538      
Debentures 18,598      
Payables in respect of processing activity 180,795 132,612    
Trade payables 29,370 21,059    
Other payables 52,021 33,887    
Total 294,157 221,915    
Liquidity risk | Between 1 and 2 years        
Disclosure of detailed information about financial instruments [line items]        
Long-term bank loans 3,898 11,213    
Short-term loans   0    
Lease liabilities 4,154 3,724    
Other long-term liabilities, including current maturities 9,329      
Debentures 50,119      
Payables in respect of processing activity 0 0    
Trade payables 0 0    
Other payables 0 0    
Total 67,500 14,937    
Liquidity risk | Between 3 and 5 years        
Disclosure of detailed information about financial instruments [line items]        
Long-term bank loans 7,908 9,566    
Short-term loans   0    
Lease liabilities 1,751 627    
Other long-term liabilities, including current maturities 0      
Debentures 322,793      
Payables in respect of processing activity 0 0    
Trade payables 0 0    
Other payables 0 0    
Total 332,452 10,193    
Liquidity risk | More than 5 years        
Disclosure of detailed information about financial instruments [line items]        
Long-term bank loans 0 1,812    
Short-term loans   0    
Lease liabilities 1,707 26    
Other long-term liabilities, including current maturities 0      
Debentures 0      
Payables in respect of processing activity 0 0    
Trade payables 0 0    
Other payables 0 0    
Total $ 1,707 $ 1,838    
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT - Disclosure of changes in financial liabilities (Details) - Capital risk - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year $ 54,904 $ 59,289 $ 26,059
Changes During Period      
Liabilities added in respect of new leases 4,883 1,875  
Liabilities added in respect of debentures 290,265 22,835 595
Liabilities added in respect of acquisitions 1,047 2,080 39,135
Cash flows paid (37,739) (33,031) (6,988)
Amounts recognized in profit or loss and other changes 24,265 1,856 488
Balance at end of year 337,625 54,904 59,289
Short-term credit      
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year 25,276 47,477 7,684
Changes During Period      
Liabilities added in respect of new leases 0 0 0
Liabilities added in respect of debentures 0 0 39,135
Liabilities added in respect of acquisitions 774 561  
Cash flows paid (26,000) (23,315) 0
Amounts recognized in profit or loss and other changes (50) 553 658
Balance at end of year 0 25,276 47,477
Long-term bank loans      
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year 22,583 1,428 2,496
Changes During Period      
Liabilities added in respect of new leases 0 0 0
Liabilities added in respect of debentures 0 22,835 0
Liabilities added in respect of acquisitions 0 0  
Cash flows paid (8,689) (3,177) (998)
Amounts recognized in profit or loss and other changes (209) 1,497 (70)
Balance at end of year 13,685 22,583 1,428
Loans from others      
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year 0 3,920 7,367
Changes During Period      
Liabilities added in respect of new leases 0 0 0
Liabilities added in respect of debentures 0 0 0
Liabilities added in respect of acquisitions 0 0  
Cash flows paid 0 (3,837) (3,626)
Amounts recognized in profit or loss and other changes 0 (83) 179
Balance at end of year 0 0 3,920
Lease liabilities      
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year 7,045 6,294 8,150
Changes During Period      
Liabilities added in respect of new leases 4,883 1,875 595
Liabilities added in respect of debentures 0 0 0
Liabilities added in respect of acquisitions 273 1,519  
Cash flows paid (3,050) (2,655) (2,182)
Amounts recognized in profit or loss and other changes 725 12 (269)
Balance at end of year 9,876 7,045 6,294
Debentures      
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year 0 0 0
Changes During Period      
Liabilities added in respect of new leases 0 0  
Liabilities added in respect of debentures 290,265 0 0
Liabilities added in respect of acquisitions 0 0 0
Cash flows paid 0 0 0
Amounts recognized in profit or loss and other changes 23,799 0 0
Balance at end of year 314,064 0 0
Other liabilities      
Disclosure of detailed information about financial instruments [line items]      
Balance at beginning year 0 170 362
Changes During Period      
Liabilities added in respect of new leases 0 0  
Liabilities added in respect of debentures 0 0 0
Liabilities added in respect of acquisitions 0 0 0
Cash flows paid 0 (47) (182)
Amounts recognized in profit or loss and other changes 0 (123) (10)
Balance at end of year $ 0 $ 0 $ 170
v3.25.4
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT - Disclosure of fair value of financial instruments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Balance at the beginning $ 4,004 $ 1,873
Business combination (3,534)  
Initially recognized   3,139
Changes in fair value 6,756 (1,008)
Balance at the ending 7,226 4,004
Balance at the beginning (16,335) (13,625)
Business combination 1,744  
Initially recognized   (2,132)
Changes in fair value (1,400) (578)
Settlements 7,626  
Balance at the ending (8,365) (16,335)
Level 2 of fair value hierarchy [member]    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Balance at the beginning 3,609 42
Business combination (3,139)  
Initially recognized   3,139
Changes in fair value 6,756 428
Balance at the ending 7,226 3,609
Balance at the beginning (925) (1,484)
Business combination 747  
Initially recognized   0
Changes in fair value 178 559
Settlements 0  
Balance at the ending 0 (925)
Level 3 of fair value hierarchy [member]    
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items]    
Balance at the beginning 395 1,831
Business combination (395)  
Initially recognized   0
Changes in fair value 0 (1,436)
Balance at the ending 0 395
Balance at the beginning (15,410) (12,141)
Business combination 997  
Initially recognized   (2,132)
Changes in fair value (1,578) (1,137)
Settlements 7,626  
Balance at the ending $ (8,365) $ (15,410)
v3.25.4
SEGMENT REPORTING (Narrative) (Details)
 12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Number of reportable segments The Group operates in a single reportable segment
Percentage of sales 10.00%
v3.25.4
SEGMENT REPORTING - Disclosure of revenues from external parties by geographic regions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of geographical areas [line items]      
Revenues $ 400,433 $ 314,013 $ 235,491
USA      
Disclosure of geographical areas [line items]      
Revenues 164,635 123,033 83,528
Europe (excluding UK)      
Disclosure of geographical areas [line items]      
Revenues 91,782 76,000 72,887
UK      
Disclosure of geographical areas [line items]      
Revenues 46,974 38,688 26,391
Australia      
Disclosure of geographical areas [line items]      
Revenues 31,896 27,521 22,484
Israel      
Disclosure of geographical areas [line items]      
Revenues 22,300 16,967 13,095
LATAM      
Disclosure of geographical areas [line items]      
Revenues 25,314 13,719 3,132
Rest of the world      
Disclosure of geographical areas [line items]      
Revenues $ 17,532 $ 18,085 $ 13,974
v3.25.4
SEGMENT REPORTING - Disclosure of non-current assets, excluding deferred tax assets and financial assets, by geographic regions (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Disclosure of operating segments [line items]    
Non-current assets, excluding deferred tax assets and financial assets $ 219,766 $ 135,074
Israel    
Disclosure of operating segments [line items]    
Non-current assets, excluding deferred tax assets and financial assets 156,999 106,215
USA    
Disclosure of operating segments [line items]    
Non-current assets, excluding deferred tax assets and financial assets 34,004 12,615
Rest of the world    
Disclosure of operating segments [line items]    
Non-current assets, excluding deferred tax assets and financial assets $ 28,763 $ 16,244
v3.25.4
BUSINESS COMBINATIONS (Narrative) (Details)
€ in Thousands, ₪ in Thousands, R$ in Thousands, $ in Thousands
 1 Months Ended 12 Months Ended
Nov. 30, 2023
USD ($)
Nov. 30, 2025
May 31, 2025
USD ($)
Feb. 28, 2025
USD ($)
Feb. 27, 2025
Apr. 30, 2024
BRL (R$)
Apr. 30, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 04, 2025
USD ($)
Apr. 01, 2025
EUR (€)
Apr. 01, 2025
USD ($)
Feb. 28, 2025
BRL (R$)
Feb. 28, 2025
USD ($)
Apr. 30, 2024
USD ($)
Apr. 05, 2024
USD ($)
Apr. 01, 2024
ILS (₪)
Share
Apr. 01, 2024
USD ($)
Share
Disclosure of detailed information about business combination [line items]                                      
Professional fees expense               $ 14,942 $ 12,256 $ 8,443                  
Group’s revenues               400,433 235,491                    
Loss of group               35,516 15,887                    
Lynkwell [Member]                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash                     $ 25,900                
Settlement of pre-existing relationship [1]                     5,936                
Group’s revenues               418,524                      
Loss of group               25,071                      
Revenue of acquiree since acquisition date               3,146                      
Profit (loss) of acquiree since acquisition date               1,081                      
Total consideration                     $ 31,836                
Uppay [Member]                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash                             $ 4,696        
Consideration paid in cash                           R$ 27,430 4,696        
Group’s revenues               400,664                      
Loss of group               35,642                      
Revenue of acquiree since acquisition date               1,374                      
Profit (loss) of acquiree since acquisition date               376                      
Total consideration                             5,191        
Deferred consideration                           2,892 495        
Contingent liability                           R$ 2,750 471        
Deferred liability                             495        
Inepro Pay [Member]                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash                         $ 2,705            
Consideration paid in cash                       € 2,500 2,705            
Group’s revenues               401,736                      
Loss of group               35,618                      
Revenue of acquiree since acquisition date               3,892                      
Profit (loss) of acquiree since acquisition date               209                      
Total consideration                         $ 2,705            
IOT Capital Technology Holdings LTD [Member]                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash     $ 5,690                                
Settlement of pre-existing relationship [1]     2,613                                
Group’s revenues               400,707                      
Loss of group               34,853                      
Revenue of acquiree since acquisition date               469                      
Profit (loss) of acquiree since acquisition date               717                      
Total consideration     14,986                                
Total consideration excluding pre-existing relationship settlement     $ 14,986                                
Percentage of ownership     49.00%                                
Settlement in options     $ 1,222                                
Financial instruments, net     (602)                                
Fair value of the equity investee     $ 6,063                                
Tigapo Ltd [Member]                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash                             3,782        
Settlement of pre-existing relationship [1]                             4,127        
Group’s revenues               400,689                      
Loss of group               34,999                      
Revenue of acquiree since acquisition date               2,283                      
Profit (loss) of acquiree since acquisition date               1,579                      
Total consideration                             22,656        
Percentage of ownership   100.00%   84.00% 54.00%                            
Deferred liability                             2,244        
Settlement in options                             2,885        
Fair value of the equity investee                             $ 9,618        
Percentage of owership acquired                           30.00% 30.00%        
Gain on premeasurement under step acquisition recognized in profit or loss       $ 6,089                              
Threshold limit of percentage of acquisition under Call options       46.00%                              
Remaining percentage of acquisition under Call options       16.00%                              
VMtecnologia LTDA                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash           R$ 58,653                   $ 11,345      
Consideration paid in cash           66,000                   12,762      
Group’s revenues               317,421 314,013                    
Loss of group               4,740 5,631                    
Revenue of acquiree since acquisition date               8,117                      
Profit (loss) of acquiree since acquisition date               797                      
Total consideration                               14,759      
Deferred consideration           44,000                   8,508      
Contingent consideration acquisition at fair value           17,887                   3,414      
Contingent Consideration           6,252                   1,209      
Deferred consideration           R$ 11,401                   2,205      
Percentage of discretion of consideration shares           50.00% 50.00%                        
Contingent liability           R$ 27,500                   5,317      
Share based compensation           25,000 $ 4,834                        
Liabilities incurred           R$ 2,500                   483      
Deferred liability                               $ 2,205      
Roseman Engineering Ltd. and Roseman Holdings Ltd.                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash                                 $ 4,089    
Consideration paid in cash                                   ₪ 15,200 $ 4,089
Group’s revenues               314,013 315,847                    
Loss of group               5,631 5,827                    
Revenue of acquiree since acquisition date               7,488                      
Profit (loss) of acquiree since acquisition date               1,090                      
Total consideration                                 5,149    
Equity interests of acquirer                                 505 1,900 505
Deferred consideration                                   ₪ 2,100 $ 555
Number of issuance of ordinary shares | Share                                   19,722 19,722
Deferred liability                                 $ 555    
Retail Pro International, LLC                                      
Disclosure of detailed information about business combination [line items]                                      
Estimated Indebtedness and cash $ 18,759                                    
Purchase price for the transaction represents on a cash-free debt-free basis $ 34,500                                    
Description of how acquirer obtained control of acquiree The remaining amount of approximately $14.6 million will be paid over a three-year period, since the specific earnout targets were met as of the date of these financial statements, and may be settled in either cash or equity at the company's discretion (hereinafter "Contingent consideration"). It will be broken up into 5 payments, with the first payment of 33% of the contingent consideration (approximately $5.5 million) being due January 2025, and the rest being broken up into 4 semi-annual payments of 16.67% of the contingent consideration (approximately $2,768 thousand each) beginning July 2025. The first payment of the contingent consideration will include a reduction of $2 million due to a portion of deferred revenues to be recognized subsequent to the acquisition.                                    
Group’s revenues                 251,391                    
Loss of group                 $ 8,910                    
Revenue of acquiree since acquisition date               503                      
Profit (loss) of acquiree since acquisition date               $ 310                      
Total consideration $ 30,900                                    
Contingent Consideration $ 12,141                                    
[1] Including intercompany balances that were eliminated in the consolidated financial statements.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed - Acquisition of Lynkwell (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 04, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329
Lynkwell [Member]        
Disclosure of detailed information about business combination [line items]        
Cash $ 25,900      
Settlement of pre-existing relationship [1] 5,936      
Total consideration 31,836      
Amounts recognized on the acquisition date:        
Cash and cash equivalents 1,555      
Trade receivables 10,867      
Inventory 2,732      
Other receivables 1,234      
Property and equipment 3,207      
Right of use 266      
Other payables (2,781)      
Trade payables (2,996)      
Lease liabilities (273)      
Total consideration 13,811      
Goodwill [2] 18,025      
Total consideration 31,836      
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
Cash paid upon the acquisition of a subsidiary 25,900      
Cash and cash equivalents consolidated for the first time (1,555)      
As reported in cash flows from investing activities for the acquisition $ 24,345      
[1] Including intercompany balances that were eliminated in the consolidated financial statements.
[2] The Trade receivables and Other payables including intercompany balances that were eliminated in the consolidated financial statements.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed - Acquisition of Uppay (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Feb. 28, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329
Uppay [Member]        
Disclosure of detailed information about business combination [line items]        
Cash $ 4,696      
Deferred consideration 495      
Total consideration 5,191      
Amounts recognized on the acquisition date:        
Cash and cash equivalents 15      
Segregated account 22      
Trade receivables 43      
Inventory 30      
Other receivables 53      
Customer relations 1,023      
Technology 955      
Property and equipment 787      
Trade payables (76)      
Other payables (54)      
Deferred tax liability (672)      
Total consideration 2,126      
Goodwill [1] 3,065      
Total consideration 5,191      
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
Cash paid upon the acquisition of a subsidiary 4,696      
Cash and cash equivalents consolidated for the first time (15)      
As reported in cash flows from investing activities for the acquisition $ 4,681      
[1] The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Uppay's expressed by synergy of good reputation and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Uppay represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed - Acquisition of Inepro Pay (Details) - USD ($)
$ in Thousands
 12 Months Ended
Apr. 01, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329
Inepro Pay [Member]        
Disclosure of detailed information about business combination [line items]        
Cash $ 2,705      
Total consideration 2,705      
Amounts recognized on the acquisition date:        
Cash and cash equivalents 4      
Trade receivables 633      
Other receivables 82      
Inventory 388      
Customer relations 372      
Technology 1,508      
Trade payables (499)      
Other payables (533)      
Deferred tax liability (320)      
Total consideration 1,635      
Goodwill [1] 1,070      
Total consideration 2,705      
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
Cash paid upon the acquisition of a subsidiary 2,705      
Cash and cash equivalents consolidated for the first time (4)      
As reported in cash flows from investing activities for the acquisition $ 2,701      
[1] The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for Inepro's expressed by synergy of good reputation, and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Inepro represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed - IOT Capital Technology Holdings LTD (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
May 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329
IOT Capital Technology Holdings LTD [Member]        
Disclosure of detailed information about business combination [line items]        
Cash $ 5,690      
Settlement in options 1,222      
Financial instruments, net (602)      
Fair value of the equity investee 6,063      
Settlement of pre-existing relationship [1] 2,613      
Total consideration 14,986      
Amounts recognized on the acquisition date:        
Cash and cash equivalents 1,049      
Other receivables 2,372      
Capitalized development costs 1,998      
Property and equipment 28      
Rented units 731      
Customer relations 1,328      
Technology 1,576      
Short-term bank loans (775)      
Accrued expenses (684)      
Trade payables (183)      
Other payables (277)      
Deferred tax liability (668)      
Total consideration 6,495      
Goodwill [2] 8,491      
Total consideration 14,986      
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
Cash paid upon the acquisition of a subsidiary 5,690      
Cash and cash equivalents consolidated for the first time (1,049)      
As reported in cash flows from investing activities for the acquisition $ 4,641      
[1] Including intercompany balances that were eliminated in the consolidated financial statements.
[2] The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for IoT, are mainly attributable to expected synergies, good reputation, and an especially talented workforce. Thus, the Goodwill resulting from the acquisition of IoT represents the excess of the aggregate of the acquisition consideration and the fair value of the Company’s previously held equity interest at the acquisition date over the net identifiable assets acquired and liabilities assumed.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed - Business Combination of Tigapo Ltd (Details) - USD ($)
$ in Thousands
 12 Months Ended
Feb. 28, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329
Tigapo Ltd [Member]        
Disclosure of detailed information about business combination [line items]        
Cash $ 3,782      
Deferred liability 2,244      
Fair value of the call option 2,885      
Fair value of the equity investee 9,618      
Settlement of pre-existing relationship [1] 4,127      
Total consideration 22,656      
Amounts recognized on merger date:        
Cash and cash equivalents 264      
Trade receivables 449      
Other receivables 120      
Property and equipment 1,331      
Inventory 281      
Customer relations 3,990      
Technology 6,479      
Trade payables (412)      
Other payables (144)      
Deferred tax liability (2,408)      
Total consideration 9,950      
Goodwill [2] 12,706      
Total consideration 22,656      
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
Cash paid upon the acquisition of a subsidiary 3,782      
Cash and cash equivalents consolidated for the first time (264)      
As reported in cash flows from investing activities for the acquisition $ 3,518      
[1] Including intercompany balances that were eliminated in the consolidated financial statements.
[2] The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for Tigapo, are mainly attributable to expected synergies, good reputation, and an especially talented workforce. Thus, the Goodwill resulting from the acquisition of Tigapo represents the excess of the aggregate of the acquisition consideration and the fair value of the Company’s previously held equity interest at the acquisition date over the net identifiable assets acquired and liabilities assumed.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed (VM tecnologia LTDA) (Details)
R$ in Thousands, $ in Thousands
 1 Months Ended 12 Months Ended
Apr. 30, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Apr. 30, 2024
BRL (R$)
Apr. 30, 2024
USD ($)
Cash flows in respect of the acquisition, as presented in cash flows from investing activities            
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329    
VMtecnologia LTDA            
Disclosure of detailed information about business combination [line items]            
Cash         R$ 58,653 $ 11,345
Deferred consideration           2,205
Contingent Consideration         6,252 1,209
Total consideration           14,759
Amounts recognized on the acquisition date:            
Cash and cash equivalents           99
Trade receivables           669
Other receivables           651
Property and equipment           6,015
Right of use           46
Brand           1,292
Customer relations           3,773
Technology           2,926
Trade payables           (407)
Other payables           (710)
Other liabilities           (684)
Lease liabilities           (53)
Long term liabilities           (433)
Deferred tax liability           (2,734)
Total consideration           10,450
Goodwill [1]           4,309
Total consideration           14,759
Cash flows in respect of the acquisition, as presented in cash flows from investing activities            
Cash paid upon the acquisition of a subsidiary         R$ 58,653 11,345
Cash and cash equivalents consolidated for the first time           $ (99)
As reported in cash flows from investing activities for the acquisition $ 11,246          
[1] The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for VM's expressed by synergy of good reputation, an especially talented workforce. Thus, the Goodwill resulted from the acquisition of VM represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets acquired and liabilities assumed (Roseman Engineering Ltd. and Roseman Holdings Ltd) (Details)
₪ in Thousands, $ in Thousands
 12 Months Ended
Apr. 05, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Apr. 01, 2024
ILS (₪)
Apr. 01, 2024
USD ($)
Cash flows in respect of the acquisition, as presented in cash flows from investing activities            
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329    
Roseman Engineering Ltd. and Roseman Holdings Ltd.            
Disclosure of detailed information about business combination [line items]            
Cash $ 4,089          
Deferred consideration 555          
Issuance of Ordinary Shares 505       ₪ 1,900 $ 505
Total consideration 5,149          
Amounts recognized on the acquisition date:            
Cash and cash equivalents 401          
Trade receivables 2,643          
Inventory 1,269          
Other receivables 284          
Right of use assets 1,466          
Property and equipment 158          
Customer relations 1,109          
Technology 665          
Deferred Income (693)          
Accounts payable (635)          
Other liabilities (754)          
Other payables (1,744)          
Lease liabilities (1,466)          
Deferred tax liability (408)          
Total consideration 2,295          
Goodwill [1] 2,854          
Total consideration 5,149          
Cash flows in respect of the acquisition, as presented in cash flows from investing activities            
Cash paid upon the acquisition of a subsidiary 4,089          
Cash and cash equivalents consolidated for the first time (401)          
As reported in cash flows from investing activities for the acquisition $ 3,688          
[1] The elements and factors that the Company paid above the fair value of net identifiable assets recognized, represented as goodwill for Roseman's expressed by synergy of good reputation, brand identity, an especially talented workforce. Thus, the Goodwill resulted from the acquisition of Roseman represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
v3.25.4
BUSINESS COMBINATIONS - Disclosure of assets purchased and the liabilities assumed (Retail Pro International, LLC) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
As reported in cash flows from investing activities for the acquisition   $ 39,886 $ 14,934 $ 18,329
Retail Pro International L L C [Member]        
Disclosure of detailed information about business combination [line items]        
Consideration paid in cash $ 18,759      
Contingent Consideration 12,141      
Total consideration 30,900      
Amounts recognized on the acquisition date:        
Cash and cash equivalents 430      
Trade receivables 1,854      
Other receivables 280      
Property and equipment 140      
Technology 20,148      
Customer relations 7,092      
Brand 3,031      
Trade payables (1,339)      
Other payables (924)      
Deferred tax liability (2,626)      
Total consideration 28,086      
Goodwill [1] 2,814      
Total consideration 30,900      
Cash flows in respect of the acquisition, as presented in cash flows from investing activities        
Cash paid upon the acquisition of a subsidiary 18,759      
Cash and cash equivalents consolidated for the first time (430)      
As reported in cash flows from investing activities for the acquisition $ 18,329      
[1] The elements and factors that the Company paid above the fair value of the net identifiable assets recognized, represented as goodwill for RPI's expressed by synergy of good reputation, and an especially talented workforce. Thus, the Goodwill resulted from the acquisition of RPI represents the excess of the acquisition consideration on the acquisition date in fair value over the net identifiable assets acquired and liabilities assumed.
v3.25.4
CASH AND CASH EQUIVALENTS - Disclosure of composition of cash and cash equivalents (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents $ 319,538 $ 83,130 $ 38,386 $ 33,880
US Dollar        
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents 47,157 56,141    
New Israeli Shekel        
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents 239,952 4,939    
Euro        
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents 8,295 4,758    
British pound sterling        
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents 5,577 5,169    
Australian Dollar        
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents 2,442 1,495    
Other currencies        
Disclosure of disaggregation of revenue from contracts with customers [line items]        
Cash and cash equivalents $ 16,115 $ 10,628    
v3.25.4
RESTRICTED CASH TRANSFERABLE TO CUSTOMERS FOR PROCESSING ACTIVITY (Narrative) (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Disclosure Of Restricted Cash [Abstract]    
Restricted cash transferable to customers for processing activity $ 91,965 $ 60,299
v3.25.4
TRADE RECEIVABLES - Disclosure of composition of trade receivables (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Trade and other receivables [abstract]    
Open accounts $ 111,769 $ 59,473
Less - provision of allowance for credit loss (7,794) (3,779)
Trade receivables - net $ 103,975 $ 55,694
v3.25.4
TRADE RECEIVABLES - Disclosure of changes in provision for credit losses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Trade and other receivables [abstract]    
Balance $ 3,779 $ 1,866
Amounts provided against profit or loss in respect of receivables for which the provision for loss is measured over the entire life of the receivable balance 4,015 1,913
Balance $ 7,794 $ 3,779
v3.25.4
LEASES (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Presentation of leases for lessee [abstract]      
Group incurred expenses, related to short-term leases $ 885 $ 402 $ 330
v3.25.4
LEASES - Disclosure of right-of-use asset years of depreciation and the interest rates (Details) - Buildings
 12 Months Ended
Dec. 31, 2025
Minimum  
Disclosure Of Detailed Information About Lease [Line Items]  
Years of depreciation 2 years
Interest rate 1.43%
Maximum  
Disclosure Of Detailed Information About Lease [Line Items]  
Years of depreciation 10 years
Interest rate 7.50%
v3.25.4
LEASES - Disclosure of composition of right-of-use asset balances (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1 $ 6,292 $ 5,341  
Balance at December 31 8,911 6,292 $ 5,341
Cost      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   11,087 11,278
Additions during the year     338
Disposals     (786)
Other changes     257
Balance at December 31     11,087
Accumulated depreciation      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   5,746 3,897
Depreciation for the year     2,178
Disposals     (329)
Balance at December 31     5,746
Buildings      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1 6,292 5,341  
Additions in respect of acquisition 273 1,519  
Balance at December 31 8,911 6,292 5,341
Buildings | Cost      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1 14,501 11,087 10,947
Additions during the year 4,883 1,653 338
Additions in respect of acquisition 266 1,512  
Disposals     (455)
Other changes 263 249 257
Balance at December 31 19,913 14,501 11,087
Buildings | Accumulated depreciation      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1 8,209 5,746 3,579
Depreciation for the year 2,793 2,463 2,167
Disposals     0
Balance at December 31 $ 11,002 8,209 5,746
Technological equipment      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   0  
Balance at December 31     0
Technological equipment | Cost      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   0 331
Additions during the year     0
Disposals     (331)
Other changes     0
Balance at December 31     0
Technological equipment | Accumulated depreciation      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   $ 0 318
Depreciation for the year     11
Disposals     (329)
Balance at December 31     $ 0
v3.25.4
LEASES - Disclosure of composition of lease liability balances (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   $ 6,294 $ 8,150
Additions during the year     338
Interest expenses     330
Lease payments     (2,512)
Other changes     (12)
Current maturities of leases liabilities $ 3,474 2,967 2,145
Long-term lease liabilities 6,402 4,078 4,149
Balance at December 31     6,294
Buildings      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1 7,045 6,294 8,141
Additions during the year 4,883 1,653 338
Additions in respect of acquisition 273 1,519  
Interest expenses 398 342 330
Lease payments (3,448) (2,997) (2,503)
Other changes 725 234 (12)
Current maturities of leases liabilities 3,474 2,967 2,145
Long-term lease liabilities 6,402 4,078 4,149
Balance at December 31 $ 9,876 7,045 6,294
Technological equipment      
Disclosure of quantitative information about right-of-use assets [line items]      
Balance at January 1   $ 0 9
Additions during the year     0
Interest expenses     0
Lease payments     (9)
Other changes     0
Current maturities of leases liabilities     0
Long-term lease liabilities     0
Balance at December 31     $ 0
v3.25.4
PROPERTY, PLANT AND EQUIPMENT - Disclosure of composition of property and equipment and accumulated depreciation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year $ 11,112 $ 5,487  
Acquisitions during the year 5,329 3,081 $ 611
Balance on end of year 20,362 11,112 5,487
Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 29,186 21,265 20,528
Additions 5,526 3,233 708
Acquired through business combinations 6,084 6,173 140
Disposals (351) (83) (83)
Translation differences 1,286 (1,402) (28)
Balance on end of year 41,731 29,186 21,265
Accumulated depreciation      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 18,074 15,778 13,860
Depreciation during the year 3,177 2,686 2,004
Disposals (351) (82) (83)
Translation differences 469 (308) (3)
Balance on end of year 21,369 18,074 15,778
Leasehold improvements      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 2,474 2,775  
Balance on end of year 2,543 2,474 2,775
Leasehold improvements | Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 4,055 3,969 3,956
Additions 290 46 13
Acquired through business combinations 205 49 0
Disposals (60) 0 0
Translation differences 32 (9) 0
Balance on end of year 4,522 4,055 3,969
Leasehold improvements | Accumulated depreciation      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 1,581 1,194 883
Depreciation during the year 430 390 311
Disposals (60) 0 0
Translation differences 28 (3) 0
Balance on end of year 1,979 1,581 1,194
Computers and peripheral equipment      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 2,681 2,351  
Balance on end of year 2,504 2,681 2,351
Computers and peripheral equipment | Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 17,584 16,071 15,380
Additions 733 1,364 641
Acquired through business combinations 259 273 140
Disposals (68) (83) (83)
Translation differences 149 (41) (7)
Balance on end of year 18,657 17,584 16,071
Computers and peripheral equipment | Accumulated depreciation      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 14,903 13,720 12,391
Depreciation during the year 1,235 1,284 1,414
Disposals (68) (82) (83)
Translation differences 83 (19) (2)
Balance on end of year 16,153 14,903 13,720
Rented POS devices      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 5,710 87  
Balance on end of year 12,332 5,710 87
Rented POS devices | Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 6,914 639 606
Additions 4,493 1,818 54
Acquired through business combinations 2,666 5,806 0
Disposals (223) 0 0
Translation differences 1,209 (1,349) (21)
Balance on end of year 15,059 6,914 639
Rented POS devices | Accumulated depreciation      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 1,204 552 316
Depreciation during the year 1,356 937 237
Disposals (223) 0 0
Translation differences 390 (285) (1)
Balance on end of year 2,727 1,204 552
Machines and equipment      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 247 274  
Balance on end of year 2,983 247 274
Machines and equipment | Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 633 586 586
Additions 10 5 0
Acquired through business combinations 2,954 45 0
Disposals 0 0 0
Translation differences (104) (3) 0
Balance on end of year 3,493 633 586
Machines and equipment | Accumulated depreciation      
Disclosure of detailed information about property, plant and equipment [line items]      
Balance on beginning year 386 312 270
Depreciation during the year 156 75 42
Disposals 0 0 0
Translation differences (32) (1) 0
Balance on end of year $ 510 $ 386 $ 312
v3.25.4
GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
VMtecnologia LTDA  
Disclosure of detailed information about intangible assets [line items]  
Goodwill $ 4,309
On Track Innovation Ltd.  
Disclosure of detailed information about intangible assets [line items]  
Goodwill 2,724
Weezmo  
Disclosure of detailed information about intangible assets [line items]  
Goodwill 4,078
Vendsys  
Disclosure of detailed information about intangible assets [line items]  
Goodwill 891
Roseman Holdings Ltd.  
Disclosure of detailed information about intangible assets [line items]  
Goodwill 2,854
Lynkwell  
Disclosure of detailed information about intangible assets [line items]  
Goodwill 18,025
Retail CGU  
Disclosure of detailed information about intangible assets [line items]  
Goodwill $ 5,172
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Disclosure of composition of intangible assets and accumulated amortization (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year $ 117,670 $ 96,411  
Balance at end of year 190,493 117,670 $ 96,411
Capitalized Development costs      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 57,431 42,964  
Balance at end of year [1] 75,186 57,431 42,964
Distribution rights and Brand      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [2] 5,871 5,747  
Balance at end of year [2] 4,884 5,871 5,747
Customer relationships purchased      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [2] 13,278 12,656  
Balance at end of year [2] 16,505 13,278 12,656
Technology      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 21,254 21,543  
Balance at end of year [1] 29,032 21,254 21,543
Goodwill      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year 19,263 12,866  
Balance at end of year 64,374 19,263 12,866
Patents      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 573 635  
Balance at end of year [1] 512 573 635
Cost      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year 166,165 128,900 79,440
Additions 25,124 22,611 16,773
Acquired through business combinations 62,585 16,928 33,085
Disposals     (138)
Translation differences 5,347 (2,274) (260)
Balance at end of year 259,221 166,165 128,900
Cost | Capitalized Development costs      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 87,307 66,415 49,806
Additions [1] 22,191 20,930 16,773
Acquired through business combinations [1] 1,998 0 0
Disposals [1]     (138)
Translation differences [1] 1,673 (38) (26)
Balance at end of year [1] 113,169 87,307 66,415
Cost | Distribution rights and Brand      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [2] 9,404 8,323 5,292
Additions [2] 0 0 0
Acquired through business combinations [2] 0 1,292 3,031
Disposals [2]     0
Translation differences [2] 139 (211) 0
Balance at end of year [2] 9,543 9,404 8,323
Cost | Customer relationships purchased      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [2] 20,154 15,916 8,884
Additions [2] 0 0 0
Acquired through business combinations [2] 6,713 4,882 7,092
Disposals [2]     0
Translation differences [2] 1,013 (644) (60)
Balance at end of year [2] 27,880 20,154 15,916
Cost | Technology      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 29,231 24,574 4,456
Additions [1] 2,933 1,681 0
Acquired through business combinations [1] 10,518 3,591 20,148
Disposals [1]     0
Translation differences [1] 767 (615) (30)
Balance at end of year [1] 43,449 29,231 24,574
Cost | Goodwill      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year 19,263 12,866 10,196
Additions 0 0 0
Acquired through business combinations 43,356 7,163 2,814
Disposals     0
Translation differences 1,755 (766) (144)
Balance at end of year 64,374 19,263 12,866
Cost | Patents      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 806 806 806
Additions [1] 0 0 0
Acquired through business combinations [1] 0 0 0
Disposals [1]     0
Translation differences [1] 0 0 0
Balance at end of year [1] 806 806 806
Accumulated amortization:      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year 48,495 32,489 24,324
Amortization 19,517 16,221 8,321
Disposals     (138)
Translation differences 716 (215) (18)
Balance at end of year 68,728 48,495 32,489
Accumulated amortization: | Capitalized Development costs      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 29,876 23,451 18,206
Amortization [1] 7,955 6,428 5,386
Disposals [1]     (138)
Translation differences [1] 152 (3) (3)
Balance at end of year [1] 37,983 29,876 23,451
Accumulated amortization: | Distribution rights and Brand      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [2] 3,533 2,576 2,261
Amortization [2] 1,110 969 315
Disposals [2]     0
Translation differences [2] 16 (12) 0
Balance at end of year [2] 4,659 3,533 2,576
Accumulated amortization: | Customer relationships purchased      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [2] 6,876 3,260 1,693
Amortization [2] 4,240 3,684 1,574
Disposals [2]     0
Translation differences [2] 259 (68) (7)
Balance at end of year [2] 11,375 6,876 3,260
Accumulated amortization: | Technology      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 7,977 3,031 2,055
Amortization [1] 6,151 5,078 984
Disposals [1]     0
Translation differences [1] 289 (132) (8)
Balance at end of year [1] 14,417 7,977 3,031
Accumulated amortization: | Goodwill      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year 0 0 0
Amortization 0 0 0
Disposals     0
Translation differences 0 0 0
Balance at end of year 0 0 0
Accumulated amortization: | Patents      
Disclosure of detailed information about intangible assets [line items]      
Balance at beginning year [1] 233 171 109
Amortization [1] 61 62 62
Disposals [1]     0
Translation differences [1] 0 0 0
Balance at end of year [1] $ 294 $ 233 $ 171
[1] Amortization of technology, patents and development costs are included in “Depreciation and amortization in respect of technology and capitalized development costs”
[2] Amortization of customer relationship and distribution rights are included under selling, general and administrative expenses.
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Disclosure of key assumptions used to determine value (Details)
 12 Months Ended
Dec. 31, 2025
Unattended group of CGUs  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 2.00%
Discount rate 13.80%
VMtecnologia LTDA  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 3.50%
Discount rate 19.60%
On Track Innovation Ltd.  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 2.00%
Discount rate 21.00%
Weezmo  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 2.00%
Discount rate 21.00%
Vendsys  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 4.00%
Discount rate 12.00%
Roseman Holdings Ltd.  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 2.00%
Discount rate 15.00%
Lynkwell  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 2.00%
Discount rate 20.00%
Retail CGU  
Disclosure of detailed information about intangible assets [line items]  
Growth rate 2.00%
Discount rate 21.00%
v3.25.4
Liabilities to Banks and debentures (Narrative) (Details)
$ in Thousands, ₪ in Millions
 1 Months Ended 12 Months Ended
Dec. 11, 2025
ILS (₪)
₪ / NIS_per_unit
shares
Dec. 11, 2025
USD ($)
₪ / NIS_per_unit
shares
Mar. 11, 2025
ILS (₪)
₪ / NIS_per_unit
shares
Mar. 11, 2025
USD ($)
₪ / NIS_per_unit
shares
Dec. 18, 2024
ILS (₪)
Dec. 18, 2024
USD ($)
Jul. 31, 2023
USD ($)
May 31, 2023
ILS (₪)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2025
ILS (₪)
Dec. 31, 2025
USD ($)
Dec. 11, 2025
USD ($)
Nov. 30, 2023
USD ($)
May 31, 2023
USD ($)
May 31, 2020
ILS (₪)
May 31, 2020
USD ($)
Disclosure of detailed information about borrowings [line items]                                    
Loan principal repaid                 $ 0 $ 3,837 $ 3,626              
Gross proceeds from issue of debentures and warrants                 $ 306,841 0 $ 0              
Short term credit facility | Israel bank                                    
Disclosure of detailed information about borrowings [line items]                                    
Borrowings               ₪ 17.0       ₪ 54.0 $ 15,000     $ 4,800    
Borrowings, interest rate basis               bears a prime based variable interest rate bears a prime based variable interest rate                  
Short term credit facility one | Israel bank                                    
Disclosure of detailed information about borrowings [line items]                                    
Borrowings             $ 9,750               $ 17,000      
Additional loan amount             $ 30,000                      
Borrowings, interest rate basis             bears a prime based variable interest rate                      
Long term bank loan                                    
Disclosure of detailed information about borrowings [line items]                                    
Borrowings                   $ 22,583     $ 13,685          
Secured bank loans received                                 ₪ 15.0 $ 4,250
Loan principal repaid         ₪ 21.0 $ 5,675                        
Issuance of debentures and warrants                                    
Disclosure of detailed information about borrowings [line items]                                    
Borrowings, interest rate basis     5.9% 5.9%                            
Borrowings, maturity     maturing on September 30, 2030, with principal repayments in four unequal annual installments from 2027 to 2030 maturing on September 30, 2030, with principal repayments in four unequal annual installments from 2027 to 2030                            
Number of public offering issued | shares     486,291 486,291                            
Number of warrants issued per unit | ₪ / NIS_per_unit     1,021 1,021                            
Gross proceeds from issue of debentures and warrants     ₪ 496.5 $ 137,100                            
Net proceeds from issue of debentures and warrants     485.8 133,000                            
Proceeds from exercise of warrants     ₪ 20.7 $ 5,700                            
Description of each warrant is exercisable     Each Warrant is an equity‑classified instrument, exercisable for one ordinary share at an exercise price of NIS 177.8 ($48) per share, representing a 37% premium over the Company’s share price on March 6, 2025. The exercise price is subject to USD-NIS exchange rate creating a “fixed-for-fixed” adjustment mechanism, as of December 31, 2025 the exercise price is 155.5 ($48). The Warrants will expire on March 31, 2027. Each Warrant is an equity‑classified instrument, exercisable for one ordinary share at an exercise price of NIS 177.8 ($48) per share, representing a 37% premium over the Company’s share price on March 6, 2025. The exercise price is subject to USD-NIS exchange rate creating a “fixed-for-fixed” adjustment mechanism, as of December 31, 2025 the exercise price is 155.5 ($48). The Warrants will expire on March 31, 2027.                            
Description of Equity-to-Assets ratio     Company completed a public offering of 486,291 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants, at a price of NIS 1,021 per unit. Company completed a public offering of 486,291 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants, at a price of NIS 1,021 per unit.                            
Description minimum equity of Equity-to-Assets ratio     The Company has undertaken to maintain minimum equity of $80 million and an Equity-to-Assets ratio of at least 21% and has agreed to limit dividend distributions and share buybacks unless equity exceeds $120 million and the Equity-to-Assets ratio is at least 29%. As of the reporting date, the Company was in full compliance with the financial covenants stipulated in the debentures indenture. The Company has undertaken to maintain minimum equity of $80 million and an Equity-to-Assets ratio of at least 21% and has agreed to limit dividend distributions and share buybacks unless equity exceeds $120 million and the Equity-to-Assets ratio is at least 29%. As of the reporting date, the Company was in full compliance with the financial covenants stipulated in the debentures indenture.                            
Minimum equity of Equity-to-Assets ratio       $ 80,000                            
Bond series                                    
Disclosure of detailed information about borrowings [line items]                                    
Notional amount ₪ 565.5                         $ 176,000        
Number of public offering issued | shares 518,381 518,381                                
Number of warrants issued per unit | ₪ / NIS_per_unit 1,091 1,091                                
Net proceeds from issue of debentures and warrants ₪ 558.6 $ 173,900                                
Description of Equity-to-Assets ratio The offering comprised 518,381 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants. The offering comprised 518,381 units, each consisting of NIS 1,000 principal amount of non-linked debentures and three warrants.                                
Repayments of bonds, notes and debentures ₪ 34.9 $ 10,800                                
v3.25.4
Liabilities to Banks and debentures - Disclosure of Long-term bank loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Disclosure of detailed information about borrowings [line items]    
Total long-term bank loans $ 314,064 $ 0
Long term bank loan    
Disclosure of detailed information about borrowings [line items]    
Total bank loans 13,685 22,583
Less - current maturities (3,220) (3,978)
Total long-term bank loans $ 10,465 $ 18,605
v3.25.4
Liabilities to Banks and debentures - Disclosure of composition of issuance of debentures and warrants (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Credit And Loans From Banks [Abstract]    
Debentures $ 314,064 $ 0
v3.25.4
OTHER LONG-TERM LIABILTIES (Narrative) (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Other Long Term Liabilties [Abstract]    
Current maturities of other long-term liabilities $ 5,538 $ 1,353
v3.25.4
OTHER LONG-TERM LIABILTIES - Disclosure of composition of other long-term liabilities, net of current maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Categories Of Noncurrent Liabilities [Line Items]    
Other long-term liabilities, net of current maturities $ 9,329 $ 21,213
Contingent consideration    
Categories Of Noncurrent Liabilities [Line Items]    
Other long-term liabilities, net of current maturities [1] 3,231 14,290
Deferred consideration    
Categories Of Noncurrent Liabilities [Line Items]    
Other long-term liabilities, net of current maturities [1] 2,488 1,844
Other    
Categories Of Noncurrent Liabilities [Line Items]    
Other long-term liabilities, net of current maturities $ 3,610 $ 5,079
[1] With regards to liability for deferred and contingent payments as of December 31, 2025, the company recognized a deferred and contingent liabilities as part of the acquisitions of Retail Pro International LLC, VMtecnologia LTDA and Uppay Serviços De Tecnologia Da Informação S.A, see note 6.
v3.25.4
INCOME TAXES (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Statutory tax rate 23.00% 23.00% 23.00%  
Percentage of services of deemed technology income       12% tax
Percentage of production of preferred income       16% or 7.5%. tax
Amount of carryforward tax losses $ 188,893 $ 28,433    
United States        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Principal tax rates outside Israel 34.70%      
Australia        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Principal tax rates outside Israel 30.00%      
Lithuania        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Corporate tax rates outside Israel 16.00%      
Mexico        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Corporate tax rates outside Israel 30.00%      
Germany        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Corporate tax rates outside Israel 15.50%      
Trade tax rate effect of foreign corporate tax rates 14.00%      
Brazil        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Corporate tax rates outside Israel 34.00%      
Minimum | UK        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Principal tax rates outside Israel 19.00%      
Maximum | UK        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Principal tax rates outside Israel 25.00%      
Israel        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Statutory tax rate 23.00%      
v3.25.4
INCOME TAXES - Disclosure of effective tax benefit (expense) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Income Taxes [Abstract]      
Profit (Loss) before taxes on income $ 34,566 $ (4,384) $ (14,672)
Statutory tax rate 23.00% 23.00% 23.00%
Theoretical income tax benefit (expenses) $ (7,950) $ 1,008 $ 3,375
Share-based payment expenses which are not deductible (1,897) (1,660) (1,388)
Carry forward losses without deferred taxes recognition 7,675 (521) (3,176)
Accounting gain arising from obtaining control, not taxable 2,795 0 0
Other 327 (74) (26)
Effective tax benefit (expense) $ 950 $ (1,247) $ (1,215)
v3.25.4
INCOME TAXES - Disclosure of composition of deferred taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Deferred Taxes As Of Statement Of Financial Position [Line Items]      
Balance at beginning year $ (4,274) $ (3,108) $ (793)
Recognized in income statement 5,399 1,640 294
Deferred taxes created in acquisition of subsidiary (4,068) (3,142) (2,626)
Recognized in translation currency difference reserve (101) 336 17
Balance at end of year (3,044) (4,274) (3,108)
Intangible assets      
Disclosure Of Deferred Taxes As Of Statement Of Financial Position [Line Items]      
Balance at beginning year (5,923) (4,104) (1,074)
Recognized in income statement 155 987 (421)
Deferred taxes created in acquisition of subsidiary (4,068) (3,142) (2,626)
Recognized in translation currency difference reserve (101) 336 17
Balance at end of year (9,937) (5,923) (4,104)
Provisions for employee rights      
Disclosure Of Deferred Taxes As Of Statement Of Financial Position [Line Items]      
Balance at beginning year 689 579 44
Recognized in income statement 71 110 535
Deferred taxes created in acquisition of subsidiary 0 0 0
Recognized in translation currency difference reserve 0 0 0
Balance at end of year 760 689 579
Other      
Disclosure Of Deferred Taxes As Of Statement Of Financial Position [Line Items]      
Balance at beginning year 0 0 44
Recognized in income statement 0 0 (44)
Deferred taxes created in acquisition of subsidiary 0 0 0
Recognized in translation currency difference reserve 0 0 0
Balance at end of year 0 0 0
Losses for tax purposes      
Disclosure Of Deferred Taxes As Of Statement Of Financial Position [Line Items]      
Balance at beginning year 960 417 193
Recognized in income statement 5,173 543 224
Deferred taxes created in acquisition of subsidiary 0 0 0
Recognized in translation currency difference reserve 0 0 0
Balance at end of year $ 6,133 $ 960 $ 417
v3.25.4
INCOME TAXES - Disclosure of deferred taxes (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure Of Income Taxes [Abstract]        
Non-current assets $ 3,901 $ 0    
Non-current liabilities (6,945) (4,274)    
Non-current deferred tax assets and liabilities $ (3,044) $ (4,274) $ (3,108) $ (793)
v3.25.4
INCOME TAXES - Disclosure of taxes on income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Income Taxes [Abstract]      
Current tax expenses $ (4,449) $ (2,887) $ (1,509)
Deferred tax income 5,399 1,640 294
Effective tax benefit (expense) $ 950 $ (1,247) $ (1,215)
v3.25.4
CAPITAL AND RESERVES (Narrative) (Details)
$ / shares in Units, $ in Thousands
 1 Months Ended 12 Months Ended
Dec. 09, 2025
Share
Aug. 11, 2025
Share
Jun. 03, 2025
Share
May 12, 2025
Share
Aug. 06, 2024
Share
May 12, 2024
Share
Mar. 12, 2024
USD ($)
shares
Feb. 01, 2024
Share
May 13, 2021
USD ($)
Dec. 17, 2025
Share
Aug. 22, 2025
Share
Jun. 25, 2024
Share
May 26, 2024
Share
Feb. 27, 2024
Share
Nov. 30, 2023
Share
Jun. 26, 2023
Share
Oct. 31, 2021
Share
Apr. 30, 2021
₪ / shares
shares
Dec. 31, 2025
₪ / shares
Dec. 31, 2025
USD ($)
Share
Years
$ / shares
Dec. 31, 2024
₪ / shares
Dec. 31, 2024
USD ($)
Share
Years
$ / shares
Dec. 31, 2023
₪ / shares
Dec. 31, 2023
USD ($)
Share
Years
$ / shares
May 13, 2021
₪ / shares
shares
Disclosure of classes of share capital [line items]                                                  
Discription of conversion equity                                   1:1 ratio              
Exercise prices for share options outstanding | (per share)                                     ₪ 0.001 $ 41 ₪ 0.001 $ 41 ₪ 0.001 $ 41  
Total expenditure | $                                       $ 7,305   $ 7,187   $ 6,027  
Recognized capitalized development costs | $                                       855   $ 718   $ 825  
Unrecognized benefit | $                                       $ 9,868          
Weighted-average remaining contractual life of exercisable options | Years                                       1.7   1.5   3.5  
Proceeds from issue of ordinary shares | $                                       $ 0   $ 62,686   $ 0  
Underwriting agreement                                                  
Disclosure of classes of share capital [line items]                                                  
Number of ordinary shares issued and sold | shares             2,600,000                                    
Number of shares sold upon full exercise of underwriters option to purchase additional shares | shares             469,565                                    
Number of ordinary shares sold by existing shareholders | shares             1,000,000                                    
Proceeds from issue of ordinary shares | $             $ 62,700                                    
Expenses incurred from sale of ordinary shares | $             $ 506                                    
IPO | TASE                                                  
Disclosure of classes of share capital [line items]                                                  
Number of shares issued | shares                                                 4,400,000
Par value per share | ₪ / shares                                                 ₪ 0.001
Gross proceeds from issuing of shares | $                 $ 141,600                                
Proceeds from issuing of shares net of issuance costs | $                 $ 132,500                                
Ordinary Shares                                                  
Disclosure of classes of share capital [line items]                                                  
Par value per share | ₪ / shares                                   ₪ 0.001 ₪ 0.001   ₪ 0.001   ₪ 0.001    
Authorized number of shares increased | shares                                   32,000,000              
Ordinary Shares A                                                  
Disclosure of classes of share capital [line items]                                                  
Par value per share | ₪ / shares                                   ₪ 0.001              
Ordinary Shares B                                                  
Disclosure of classes of share capital [line items]                                                  
Par value per share | ₪ / shares                                   ₪ 0.001              
Restricted Share Units                                                  
Disclosure of classes of share capital [line items]                                                  
New granted                                       326,716   283,371   264,256  
Restricted Share Units | September 6, 2024 award                                                  
Disclosure of classes of share capital [line items]                                                  
Number of options vested                         1,667                        
Number of options remaining                                 17,375                
Number of options replaced                                 5,792                
Number of options converted to restricted shares units                                 8,350                
Ratio of options converted into restricted shares units                                 3:1 ratio                
Restricted Share Units | September 6, 2024 award | Event after reporting period                                                  
Disclosure of classes of share capital [line items]                                                  
Number of options vested                     4,125                            
Restricted Share Units | December 17, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                   76,251                              
Stock option vesting term                   An amount of 76,251 RSU's vesting over period of 5 years, with 20% vesting on the first anniversary of the grant date and after that, an additional 5% of the RSUs vesting on the last day of each subsequent calendar quarter. An amount of 2,795 RSU's vesting over 40 days. An amount of 532 RSU's vesting over period of 4 years, with 25% vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter. The remaining 1,277 RSU's vesting over period of 3.5 years, with 25% vesting on  June 3, 2026 and thereafter, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.                              
Restricted Share Units | December 9, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted 14,802 4,712                                              
Stock option vesting term The vesting period of the RSUs is 4 years, with 25% are vesting on the first anniversary of the grant date and after that, an additional 6.25% vesting on the last day of each subsequent calendar quarter. The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% RSUs vesting on the last day of each subsequent calendar quarter.                                              
Restricted Share Units | June 3, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted     168,672                                            
Stock option vesting term     The vesting period of the options and RSUs is 4 years, with 25% of the options and RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the options and RSUs vesting on the last day of each subsequent calendar quarter. Options not exercised within 5 years of inception date will expire.                                            
Restricted Share Units | May 12, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted       21,897                                          
Stock option vesting term       The RSUs were fully vested as they constituted a recognition award for employee performance during the year ended December 31, 2024, while the options were fully vested as they formed part of the consideration transferred in the IoT acquisition (see Note 6).                                          
Restricted Share Units | September 3, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                                 1,415                
Stock option vesting term                                 The vesting period of these RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.                
Restricted Share Units | August 6, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted         5,694                                        
Restricted Share Units | June 25, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                       179,875                          
Stock option vesting term                       The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.                          
Restricted Share Units | May 12, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted           20,735                                      
Stock option vesting term           An amount of 1,013 RSU's vesting over period of 4 years, with 25% vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter. The remain 19,722 RSU's granted have the same rights in all respects as the existing ordinary shares in the company's capital as of that date.                                      
Restricted Share Units | February 27, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                           51,598                      
Stock option vesting term                           The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.                      
Restricted Share Units | February 1, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted               11,000                                  
Stock option vesting term               The vesting period of the RSUs is 4 years, with 25% of the RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the RSUs vesting on the last day of each subsequent calendar quarter.                                  
Restricted Share Units | November 30, 2023                                                  
Disclosure of classes of share capital [line items]                                                  
New granted                             96,731                    
Stock option vesting term                             The vesting period of the RSUs is 4 years, with 25% of the RSU vesting on the first anniversary of grant date, and after that, additional 6.25% of the RSU's vesting on the last day of each subsequent calendar quarter.                    
Restricted Share Units | June 26, 2023                                                  
Disclosure of classes of share capital [line items]                                                  
New granted                               137,524                  
Share Options | September 6, 2024 award                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                                 50,000                
New granted                                 25,000                
Number of share options expired in share-based payment arrangement                         42,375                        
Number of options exercised                                 7,625                
Share Options | December 17, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                   80,855                              
Share Options | June 3, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted     5,712                                            
Share Options | May 12, 2025                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted       30,066                                          
Share Options | August 6, 2024                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted         7,262                                        
Stock option vesting term         The vesting period of the options and RSUs is 4 years, with 25% of the options and RSUs vesting on the first anniversary of the grant date and after that, an additional 6.25% of the options and RSUs vesting on the last day of each subsequent calendar quarter. Options not exercised within 5 years of inception date will expire.                                        
Share Options | June 26, 2023                                                  
Disclosure of classes of share capital [line items]                                                  
Number of share options granted                               27,500                  
Stock option vesting term                               The vesting period of the options and RSUs is 4 years, with 25% of the options vest on the first anniversary of grant date, and after that, additional 6.25% of the options vesting on the last day of each subsequent calendar quarter. Options not exercised within 5 years of inception date will expire.                  
v3.25.4
CAPITAL AND RESERVES - Disclosure of share capital (Details) - Ordinary Shares - shares
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of classes of share capital [line items]      
Number of shares authorised 70,000,000 70,000,000 70,000,000
Number of shares outstanding 37,301,367 36,607,407 33,326,736
v3.25.4
CAPITAL AND RESERVES - Disclosure of key assumptions (Details)
 12 Months Ended
Dec. 31, 2025
USD ($)
Years
$ / shares
Dec. 31, 2024
USD ($)
Years
$ / shares
Dec. 31, 2023
USD ($)
Years
$ / shares
Disclosure of classes of share capital [line items]      
Share price $ 42.52 $ 25.78 $ 19.92
Exercise price $ 0 $ 0 $ 0
Expected option life | Years 0 0 0
Risk-free interest rate 0.00% 0.00% 0.00%
Average standard deviation [1] 0.00% 0.00% 0.00%
Option fair value | $ $ 42.52 $ 25.78 $ 19.92
Options | September, 6, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 21.02    
Exercise price $ 22.59    
Expected option life | Years 5    
Risk-free interest rate 3.73%    
Average standard deviation [1] 63.74%    
Option fair value | $ $ 11.59    
Options | June 3, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 44.12    
Exercise price $ 41    
Expected option life | Years 5    
Risk-free interest rate 4.09%    
Average standard deviation [1] 57.17%    
Option fair value | $ $ 24.21    
Options | May 12, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 40.65    
Exercise price $ 0.01    
Expected option life | Years 5    
Risk-free interest rate 4.09%    
Average standard deviation [1] 57.70%    
Option fair value | $ $ 40.64    
Options | June 26, 2023      
Disclosure of classes of share capital [line items]      
Share price $ 19.34    
Exercise price $ 18.83    
Expected option life | Years 5    
Risk-free interest rate 3.96%    
Average standard deviation [1] 67.80%    
Option fair value | $ $ 11.03    
RSUs | September, 6, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 23.72    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 23.72    
RSUs | December 17, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 44.49    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 44.49    
RSUs | December 9, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 43.09    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 43.09    
RSUs | August 11, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 44.76    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 44.76    
RSUs | June 3, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 44.12    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 44.12    
RSUs | May 12, 2025      
Disclosure of classes of share capital [line items]      
Share price $ 40.65    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 40.65    
RSUs | August 6, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 21.02    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 21.02    
RSUs | June 25, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 21.55    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 21.55    
RSUs | May 12, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 28.49    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 28.49    
RSUs | February 27, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 27.93    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 27.93    
RSUs | February 1, 2024      
Disclosure of classes of share capital [line items]      
Share price $ 24.25    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 24.25    
RSUs | November, 2023      
Disclosure of classes of share capital [line items]      
Share price $ 19.57    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 19.57    
RSUs | June 26, 2023      
Disclosure of classes of share capital [line items]      
Share price $ 19.34    
Exercise price $ 0    
Expected option life | Years 0    
Risk-free interest rate 0.00%    
Average standard deviation [1] 0.00%    
Option fair value | $ $ 19.34    
[1] The Average standard deviation was determined based on historical volatility of the company.
v3.25.4
CAPITAL AND RESERVES - Disclosure of breakdown of the options and the weighted average exercise price (Details) - Restricted Share Units
 12 Months Ended
Dec. 31, 2025
Share
$ / shares
Dec. 31, 2024
Share
$ / shares
Dec. 31, 2023
Share
$ / shares
Disclosure of classes of share capital [line items]      
Number of awards outstanding at beginning of year | Share 2,494,010 3,339,120 3,823,052
New granted | Share 326,716 283,371 264,256
Exercised awards | Share (693,960) (680,671) (370,732)
Forfeited awards | Share (130,974) (414,134) (366,633)
Expired awards | Share (34,405) (33,676) (10,823)
Outstanding awards at end of year | Share 1,961,387 2,494,010 3,339,120
Exercisable options at end of year | Share 1,114,565 1,274,794 1,550,358
Number of awards outstanding at beginning of year - Weighted average exercise price | $ / shares $ 18.7 $ 17.8 $ 19.3
New granted - Weighted average exercise price | $ / shares 6.55 22.5 18.8
Exercised awards - Weighted average exercise price | $ / shares 8.32 8 6.6
Forfeited awards - Weighted average exercise price | $ / shares 26.99 26 26.1
Expired awards - Weighted average exercise price | $ / shares 22.41 19.15 14.8
Outstanding awards at end of year - Weighted average exercise price | $ / shares 18.76 18.7 17.8
Exercisable options at end of year - Weighted average exercise price | $ / shares $ 21.19 $ 14.2 $ 11.7
v3.25.4
REVENUES - Disclosure of revenues information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue [abstract]      
Revenue from the sale of integrated POS devices $ 113,232 $ 91,677 $ 84,406
Recurring revenue:      
SaaS revenue 113,100 88,494 58,920
Payment processing fee 174,101 133,842 92,165
Recurring revenue 287,201 222,336 151,085
Total revenue $ 400,433 $ 314,013 $ 235,491
v3.25.4
COST OF REVENUES (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Cost Of Revenues [Abstract]      
Payroll and related expenses $ 11,282 $ 9,890 $ 7,385
v3.25.4
COST OF REVENUES - Disclosure of cost of revenues (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Cost Of Revenues [Abstract]      
Cost of integrated POS devices sales $ 73,226 $ 64,106 $ 68,433
Cost of recurring revenue:      
Cost of services 26,798 20,088 13,419
Cost of processing 107,447 88,285 65,346
Total cost of revenues $ 207,471 $ 172,479 $ 147,198
v3.25.4
RESEARCH AND DEVELOPMENT EXPENSES - Disclosure of research and development expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Research And Development Expenses [Abstract]      
Payroll and related expenses $ 23,327 $ 18,341 $ 15,309
Suppliers and subcontractors 3,559 3,780 3,416
Office and maintenance 406 586 684
Share-based payment 1,428 1,355 1,148
Depreciation and amortization 1,239 1,312 1,371
Research and development expenses $ 29,959 $ 25,374 $ 21,928
v3.25.4
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES - Disclosure of selling, general and administrative expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Selling, general and administrative expense [abstract]      
Payroll and related expenses $ 60,041 $ 49,228 $ 36,520
Share-based payment 5,545 5,475 4,627
Office and maintenance 4,765 3,745 2,749
Advertising and sales promotion 5,246 3,117 2,192
Depreciation and amortization 8,659 7,483 4,444
Computers and IT systems maintenance 10,517 8,260 5,196
Professional fees 14,942 12,256 8,443
Provision for credit losses and bad debts 1,748 675 0
Other expenses 9,844 7,957 6,149
Total selling, general and administrative expenses $ 121,307 $ 98,196 $ 70,320
v3.25.4
FINANCIAL EXPENSES OR INCOME (Disclousre of financial income) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Finance Expenses Or Income [Abstract]      
Interest income on cash and bank deposits $ 6,217 $ 3,110 $ 1,685
Financial income in respect of change in fair value options 0 148 0
Financial income in respect of shareholders and related companies 224 150 24
Financial income in respect of finance sub-lease 0 0 17
Financial income in respect of exchange rate differences 4,231 0 767
Financial Income $ 10,672 $ 3,408 $ 2,493
v3.25.4
FINANCIAL EXPENSES OR INCOME - Disclosure of finance expenses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Finance Expenses Or Income [Abstract]      
Interest expense on bank loans and bank fees $ (3,380) $ (6,181) $ (3,389)
Financial expenses in respect of change in fair value options (53) 0 (310)
Financial expenses in respect of loans from others 0 (197) (591)
Financial expenses in respect of other liabilities (997) (1,552) (161)
Financial expenses in respect of debentures (8,892) 0 0
Financial expenses in respect of leases liabilities (344) (333) (330)
Financial Expenses in respect of exchange rate differences 0 (2,634) 0
Total Finance Expenses, Net $ (13,666) $ (10,897) $ (4,781)
v3.25.4
PROFIT (LOSS) PER SHARE - Disclosure of basic loss per share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings per share [abstract]      
Profit (Loss) for the year attributed to holders of ordinary shares $ 35,516 $ (5,631) $ (15,887)
Weighted average number of ordinary shares issued 36,980 35,762 33,149
Basic profit (Loss) per ordinary share $ 0.96 $ (0.157) $ (0.479)
v3.25.4
PROFIT (LOSS) PER SHARE - Disclosure of diluted earnings per share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings per share [line items]      
Profit (Loss) for the year attributed to holders of ordinary shares $ 35,516 $ (5,631) $ (15,887)
Weighted average number of ordinary shares issued and used for the calculation of basic earnings per share 36,980 35,762 33,149
Weighted average number of shares for calculation of diluted earnings per share 37,655 35,762 33,149
Diluted profit (Loss) per ordinary share $ 0.943 $ (0.157) $ (0.479)
Options and RSU issued as part of share-based payment      
Earnings per share [line items]      
Weighted average number of shares for calculation of diluted earnings per share 675 0 0
v3.25.4
RELATED PARTIES (Narrative) (Details)
₪ / shares in Units, $ / shares in Units, ₪ in Thousands
 1 Months Ended 2 Months Ended 12 Months Ended
May 12, 2025
shares
May 04, 2021
ILS (₪)
May 04, 2021
USD ($)
May 29, 2024
ILS (₪)
May 29, 2024
USD ($)
Nov. 30, 2016
ILS (₪)
Nov. 30, 2016
USD ($)
Mar. 10, 2021
ILS (₪)
Mar. 10, 2021
USD ($)
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
₪ / shares
shares
Dec. 31, 2025
ILS (₪)
Dec. 31, 2025
USD ($)
Disclosure of transactions between related parties [line items]                              
Compensation                   $ 60,041,000 $ 49,228,000 $ 36,520,000      
Payment of fees                   14,942,000 12,256,000 8,443,000      
A. Omer & Co.                              
Disclosure of transactions between related parties [line items]                              
Payment of fees                   46,000 32,000 64,000      
A. Omer & Co. | New Service Agreement                              
Disclosure of transactions between related parties [line items]                              
Discount of fees for services hourly rates       25.00% 25.00%                    
A. Omer & Co. | New Service Agreement | Minimum                              
Disclosure of transactions between related parties [line items]                              
Monthly cost       ₪ 20 $ 5,000                    
Fees for services hourly rates       200 54,000                    
A. Omer & Co. | New Service Agreement | Maximum                              
Disclosure of transactions between related parties [line items]                              
Monthly cost       30 8,000                    
Fees for services hourly rates       ₪ 250 $ 68,000                    
Reuven Amar                              
Disclosure of transactions between related parties [line items]                              
Total expenses of related parties                   176,000 172,000 $ 177,000      
Number of options to purchase ordinary shares | shares 66                     2,500 2,500    
Exercise price per share of ordinary shares | (per share)                       $ 18.83 ₪ 65.7    
Oded Frenkel                              
Disclosure of transactions between related parties [line items]                              
Total expenses of related parties                   $ 265,000 $ 204,000 $ 212,000      
Number of options to purchase ordinary shares | shares                   1,383 2,500 2,500 2,500    
Exercise price per share of ordinary shares | (per share)                   $ 18.83 $ 18.83 $ 18.83 ₪ 65.7    
Mr. Yair Nechmad                              
Disclosure of transactions between related parties [line items]                              
Payment of management and consulting fee   ₪ 140 $ 43,000     ₪ 50 $ 14,500 ₪ 50 $ 15,000            
Monthly cost               150 46,000            
Payment for each of 12 months during the year to related parties                           ₪ 155 $ 45,000
Mr. David Ben Avi                              
Disclosure of transactions between related parties [line items]                              
Payment of management and consulting fee   ₪ 140 $ 43,000     ₪ 50 $ 14,500                
Monthly cost               ₪ 150 $ 46,000            
Payment for each of 12 months during the year to related parties                           155 45,000
Director                              
Disclosure of transactions between related parties [line items]                              
Insurance policy covering risk                           ₪ 69,000 $ 20,000,000
Insurance policy claim                   $ 5,000,000          
Mr Arnon Nechmad                              
Disclosure of transactions between related parties [line items]                              
Total expenses of related parties                   87,000 $ 91,000 $ 81,000      
Number of options to purchase ordinary shares | shares 32                            
Mrs. Tal Tenenboim                              
Disclosure of transactions between related parties [line items]                              
Compensation                   76,000 80,000 55,000      
Number of options to purchase ordinary shares | shares 53                            
Mr. Eran Havshush                              
Disclosure of transactions between related parties [line items]                              
Payment of fees                   $ 87,000 $ 82,000 $ 88,000      
v3.25.4
RELATED PARTIES - Disclosure of transactions with related parties (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of transactions between related parties [abstract]      
Payroll, options and payments to related parties employed by the Company $ 1,863 $ 3,550 $ 2,671
Payroll to directors 229 228 176
Transactions - associated companies $ 0 $ 3,474 $ 2,202
v3.25.4
RELATED PARTIES - Discloser of balances with related parties (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Disclosure of transactions between related parties [abstract]    
Receivables – associated companies $ 0 $ 3,903
Trade payables – related companies and parties 102 83
Other payables – related companies and parties $ 44 $ 37
v3.25.4
LIENS, GUARANTEES AND COMMITMENTS (Narrative) (Details) - Another Israeli Bank
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Disclosure of contingent liabilities [line items]  
Lien amount for bank guarantee $ 17.0
Fixed charges $ 1.1