^^ since listing ^^
Q4 FY25 Business Update
● Profitability: The Company achieved a quarterly net profit before tax of $2.4m, up 76% on the Q4 FY24 figure of $1.4m, and up 113% from the previous quarter.
● Revenue: Revenue increased to $10.4m, up 15% YoY
● Active users: Increased 12% YoY to 269,558.
● Advances: Quarterly advances reached $210.1m, up 18% on Q4 FY24, driven by a 13% increase in the number of advances to 539,000, while the average advance size increased by 4% to $390.
● Net defaults: Improved significantly to 0.56%, down from 1.24% in Q4 FY24, reflecting continued enhancements to the credit model and limit management. The extremely low default rate in Q4 is expected to revert to normal levels over time.
● Net transaction margin: Increased to $7.7m in the quarter, up 48% YoY from $5.2min Q4 FY24. This result was driven by higher advance volumes and lower defaults.
● Operating expenses: Rose to $5.0m from $4.4m in the prior quarter, reflecting the Company’s strong operating leverage and continued targeted investment in our strategic growth initiatives.
● Balance Sheet: The Company maintained a strong balance sheet with an equity balance of $40.3m and “Total Cash” of $19.2m as at Q4 FY25 (down from $28.9m in Q3 FY25). “Total Cash” comprises $14.0m of cash-at-bank and $5.2m of cash held in our funding and settlement accounts. The change in cash position from Q3 has been driven primarily by the repayment of $7.5m of debt, as well as the timing of advances and repayments.
● Q1 FY26 trading to date has been in line with expectations and seasonal trends.