EarlyPay Limited (AU:EPY) has released an update.
Earlypay Limited (ASX:EPY) has reported a solid financial performance in FY24 with a notable increase in their Underlying Proforma NPAT to $4.9m from a restated $4.1m in FY23, and a statutory NPAT of $2.4m rebounding from a restated loss of $8.4m the previous year. The company successfully completed key strategic actions including debt refinancing, a share buy-back program, and the acquisition of Timelio, positioning itself for strong and sustainable growth in FY25. A confident outlook is further underscored by the board’s decision to declare a dividend of 0.15 cents per share, signalling a commitment to return to historical payout ratios as profits are rebuilt.
For further insights into AU:EPY stock, check out TipRanks’ Stock Analysis page.