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Raiz Invest Ltd. ( (AU:RZI) ) has issued an announcement.
Raiz Invest Ltd. reported strong financial results for the first half of FY25, showcasing significant growth and improved profitability. Key highlights include a 14.3% increase in revenue to $11.6 million, a 579% rise in underlying EBITDA to $706,000, and a 256% surge in net flows to $106 million. The company also achieved its third consecutive half of positive free cash flow, with a cash balance of $12 million, and an 8.5% increase in active customers to 317,995. These results underscore Raiz’s successful growth momentum and its strengthened position in the financial services sector.
More about Raiz Invest Ltd.
Raiz Invest Ltd. operates in the financial services industry, focusing on providing easy investment solutions. The company offers a platform that simplifies the investment process for individual users, primarily targeting the Australian market.
YTD Price Performance: 35.48%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €46.34M
Learn more about RZI stock on TipRanks’ Stock Analysis page.