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Change Financial Ltd
(Sydney:CCA)
Change Financial Ltd (CCA) vs. iShares MSCI Australia ETF (EWA)
Change Financial Ltd Business Overview & Revenue Model
Change Financial Ltd Earnings Call Summary
Change Financial Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.36M | 15.02M | 10.51M | 8.71M | 8.32M | 6.31M |
| Gross Profit | 3.28M | 4.09M | 3.89M | 2.42M | 695.31K | 564.95K |
| EBITDA | -2.14M | -785.36K | -621.17K | -1.26M | -2.53M | -2.31M |
| Net Income | -2.77M | -1.94M | -2.57M | -2.92M | -3.77M | -3.48M |
Balance Sheet | ||||||
| Total Assets | 15.96M | 18.03M | 12.94M | 15.30M | 10.35M | 12.72M |
| Cash, Cash Equivalents and Short-Term Investments | 3.49M | 3.91M | 2.59M | 5.35M | 1.50M | 4.02M |
| Total Debt | 293.26K | 424.06K | 156.93K | 136.25K | 1.29M | 561.76K |
| Total Liabilities | 8.98M | 11.04M | 7.07M | 6.86M | 7.00M | 5.70M |
| Stockholders Equity | 6.98M | 6.99M | 5.88M | 8.44M | 3.34M | 7.02M |
Cash Flow | ||||||
| Free Cash Flow | 229.74K | 747.41K | -2.39M | -3.12M | -4.08M | -3.02M |
| Operating Cash Flow | 294.78K | 795.05K | -464.97K | -1.59M | -2.64M | -2.32M |
| Investing Cash Flow | -2.15M | -2.05M | -2.09M | -1.80M | -1.26M | -5.17M |
| Financing Cash Flow | 2.78M | 2.76M | -102.15K | 6.89M | 710.79K | 7.56M |
Change Financial Ltd Technical Analysis
Change Financial Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$104.28M | -40.64 | 5.74% | ― | 11.72% | ― | |
61 Neutral | AU$34.58M | -77.51 | 4.70% | 4.66% | 14.59% | -11.13% | |
56 Neutral | AU$70.01M | 38.88 | 5.67% | ― | 11.90% | 42.11% | |
54 Neutral | AU$57.31M | -31.40 | -24.79% | ― | 43.85% | 29.03% | |
46 Neutral | AU$36.07M | 8.18 | -1.89% | 3.45% | 2.06% | -277.78% | |
45 Neutral | AU$242.83M | -22.24 | -45.17% | ― | -5.87% | -540.18% |
Change Financial Ltd Corporate Events
Change Financial has highlighted its role as a provider of scalable, innovative payments-as-a-service and testing solutions, underpinned by two in-house technology platforms and key licences covering processing and issuing in Australia, New Zealand and globally. Its offerings, which include transaction processing for all major schemes, physical and digital cards, and ATM and POS emulation, now support more than 150 banks and fintechs in over 40 countries, reinforcing its position as a default standard for EFTPOS testing in Australia and a partner to several leading global digital payment companies.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.
Change Financial reported record first-half FY26 revenue of US$9.3 million, up 29%, driven by growth in its Vertexon PaaS and professional services, with 70% of revenue coming from recurring streams. The company’s PaaS platform is scaling, with more than 110,000 active cards and a major role as the largest non-bank debit card issuer in New Zealand, and it is now targeting similar client wins in Australia.
The group delivered underlying EBITDA of US$1.8 million and a maiden half-year net profit of US$0.6 million, supported by stable fixed costs and U.S. cost reductions that highlight emerging operating leverage. With neutral operating cash flow, no debt, cash of US$2.6 million and ongoing onboarding of new PaaS clients, Change has upgraded FY26 guidance, signalling growing financial momentum and a stronger competitive position in the payments technology market.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.
Change Financial Limited has released its Appendix 4D and Half Year Report for the six months ended 31 December 2025, outlining its condensed consolidated financial statements, directors’ report and auditor’s review. The report package signals a routine but important disclosure of the group’s profit or loss, cash flows, financial position and changes in equity for stakeholders assessing the company’s performance and financial health over the period.
The documentation, which includes the directors’ declaration and an independent auditor’s review, provides formal assurance over the interim numbers and governance processes. While detailed figures are not included in the release text, the structured half‑year reporting underscores Change Financial’s compliance with market disclosure obligations and offers investors a basis for evaluating its operations and capital position heading into 2026.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.
Change Financial Limited has announced it will publish its half-year financial results for the period ended 31 December 2025 on 26 February 2026. The company will also host a live webinar and Q&A session on the same day, led by CEO Tony Sheehan and Executive Director Tom Russell, giving investors an opportunity to engage directly with management and seek clarification on the company’s performance and outlook.
By scheduling a results webinar alongside the release, Change is signalling an emphasis on investor communication and transparency at a time when its scalable payments and card-issuing platform is used extensively by banks and fintechs globally. The event offers stakeholders timely insight into operational progress and strategic direction, which may influence market perception of the company’s growth trajectory in the competitive global payments and fintech testing markets.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.
Change Financial Ltd has released its Q2 FY26 investor presentation highlighting its role as a payments-as-a-service and testing provider with two core proprietary platforms driving most of its revenue. The company emphasises its scalable, innovative offering that spans full payment simulation, transaction processing for all major schemes, physical and digital card issuing (including Apple Pay and Google Pay), and ATM/POS emulation, while leveraging its Mastercard and regulatory licences to rival major banks in a capital-efficient way and reinforcing its position as the default standard for EFTPOS testing in Australia with a growing global footprint among top-tier digital payment players.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.
Change Financial reported a record revenue quarter for Q2 FY26, with revenue rising 34% year-on-year to US$4.7m and customer receipts reaching US$3.9m, while approximately 70% of year-to-date revenue came from recurring streams. The company delivered unaudited Underlying EBITDA of US$0.9m for the quarter and US$1.8m for the half, signalling an operating leverage inflection point, driven by growth in its Vertexon PaaS platform, which now supports more than 110,000 active revenue-generating cards, a 66% increase on the prior period. With new sales to both new and existing Vertexon and PaySim clients, including a new fintech client in the South Pacific and the onboarding of an embedded finance client expected to begin contributing in Q3 FY26, Change has upgraded its FY26 revenue and EBITDA expectations and ends the quarter with US$2.6m in cash and no debt, reinforcing its positioning for profitable growth in the second half of the financial year.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.
Change Financial Limited has scheduled the release of its Quarterly Activities Report and Appendix 4C cashflow statement for the three months to 31 December 2025 on 29 January 2026, and will host a live investor webinar and Q&A on the same day. The planned disclosure and investor engagement signal the company’s ongoing focus on transparency around its operating performance and cash position, providing shareholders with an opportunity to gain further insight into its progress in the competitive global payments and fintech market.
The most recent analyst rating on (AU:CCA) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Change Financial Ltd stock, see the AU:CCA Stock Forecast page.