@slipperskippyYour original comment was NPAT is getting larger...

@slipperskippy
Your original comment was NPAT is getting larger every year. My answer addresses that.

Now regarding trajectory. Sure if we do a quick analysis GP increased $10M on 10% growth in revenue (approx). Now without covid-19 impact transaction were growing by over 10% yoy and due to covid-19 I think people will unlikely go to cash transactions (like they did in 2019). Hence, I think this will increase transactions volumes considerable. Going forward in 2021 I anticipate 20% minimal growth.

Then we have the Bendigo Bank and Adelaide bank terminals which will increase volumes by 25% (more post covid as explained above) when the transition occurs mid year. Now sure Tyro will pay a fee for this but it estimates at +$10M GP p.a. My conservative estimate is if 10% increase in revenue had a GP $10M. Then 25% increase in revenue should have $25M GP less $10M fee to the banks less integration costs $5M. Net $10M.

Sure there will be some costs Tyro will incurr from this but also it could get some of the costs recovered from its supplier. They wouldn't want to lose Tyro either and are more to blame. So I don't believe the entire costs will be incurred by Tyro. As for legal claims I don't think they will be succesful but Tyro may add a sweetner specially to those bigger customers.