Banxa Holdings Reports Strong FY24 Financial Growth

Banxa Holdings, Inc. (TSE:BNXA) has released an update.

Banxa Holdings Inc. reported substantial growth in its FY24 financial results, with a 48% increase in Total Transaction Value (TTV) to AUD 957 million and a 67% rise in Gross Profit to AUD 28.8 million. The company’s improved efficiency and reduced operating expenses led to a significant improvement in Adjusted EBITDA, although it was still below guidance due to market challenges.

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