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Change Financial Reports Strong H1 FY25 Results and Strategic US Exit

Story Highlights
  • Change Financial Ltd saw a 61% revenue increase in H1 FY25, driven by PaaS clients.
  • The company exited US operations, expecting improved financial performance and focusing on growth in Australia.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Change Financial Reports Strong H1 FY25 Results and Strategic US Exit

Confident Investing Starts Here:

Change Financial Ltd ( (AU:CCA) ) just unveiled an announcement.

Change Financial Ltd reported a strong performance for the first half of FY25, with a 61% increase in revenue to US$7.2 million, largely driven by its PaaS clients. The company has successfully exited its loss-making US operations, which is expected to improve future financial performance. With 78% of revenue coming from recurring income and a strategic focus on expanding in Australia, Change Financial is poised for continued growth. The company is strengthening its commercial team to capitalize on strategic opportunities and is confident in achieving its FY25 financial targets, including a revenue growth of over 30% and a positive EBITDA result.

More about Change Financial Ltd

Change Financial Ltd operates in the financial technology industry, providing payment solutions through its Platform as a Service (PaaS) offerings. The company focuses on the issuance of debit cards and payment processing, with a significant presence in New Zealand and an expanding focus on the Australian market.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $29.17M

Find detailed analytics on CCA stock on TipRanks’ Stock Analysis page.

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