Top Page
EarlyPay Limited
(Sydney:EPY)
EarlyPay Limited (EPY) vs. iShares MSCI Australia ETF (EWA)
EarlyPay Limited Business Overview & Revenue Model
EarlyPay Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.63M | 50.93M | 54.56M | 60.54M | 25.95M | 42.51M |
| Gross Profit | 32.50M | 30.08M | 40.62M | 41.48M | 6.28M | 24.96M |
| EBITDA | 19.55M | 24.32M | 25.66M | 10.47M | 27.32M | 22.06M |
| Net Income | 1.55M | 2.87M | 2.45M | -7.74M | 13.22M | 7.24M |
Balance Sheet | ||||||
| Total Assets | 319.67M | 314.61M | 314.04M | 360.30M | 492.83M | 376.43M |
| Cash, Cash Equivalents and Short-Term Investments | 35.90M | 37.56M | 40.13M | 52.99M | 52.71M | 44.77M |
| Total Debt | 245.94M | 236.32M | 236.72M | 280.36M | 293.97M | 207.41M |
| Total Liabilities | 249.57M | 240.56M | 241.43M | 286.81M | 407.74M | 317.92M |
| Stockholders Equity | 70.10M | 74.05M | 72.61M | 73.48M | 85.09M | 58.51M |
Cash Flow | ||||||
| Free Cash Flow | 7.02M | 8.79M | 8.24M | 8.30M | 11.95M | 4.39M |
| Operating Cash Flow | 7.05M | 9.12M | 9.33M | 9.21M | 12.68M | 4.81M |
| Investing Cash Flow | -7.80M | -9.73M | 24.39M | 11.72M | -84.23M | -37.73M |
| Financing Cash Flow | 4.21M | -1.96M | -46.58M | -20.65M | 79.49M | 39.49M |
EarlyPay Limited Technical Analysis
EarlyPay Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | AU$41.45M | 28.07 | 3.91% | 4.27% | -6.67% | 22.09% | |
58 Neutral | AU$89.49M | 9.29 | 15.56% | ― | 7.92% | ― | |
52 Neutral | AU$112.09M | 7.40 | 12.72% | ― | -0.51% | ― | |
43 Neutral | AU$45.72M | -4.13 | -19.44% | ― | -2.35% | 13.33% | |
43 Neutral | AU$81.26M | -1.61 | -42.59% | ― | -9.56% | -392.31% | |
40 Underperform | AU$15.30M | -2.63 | -26.29% | ― | 8.28% | 84.45% |
EarlyPay Limited Corporate Events
Earlypay Ltd has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back of ordinary fully paid shares under code EPY. The update, dated 5 March 2026, reports the cumulative and daily number of shares repurchased as part of a program first notified in November 2024.
The company disclosed that a total of 8,026,545 shares had been bought back before the previous trading day, with a further 81,554 shares repurchased on that day. The continued execution of the buy‑back signals management’s ongoing capital management initiative, potentially affecting the company’s share count and capital structure for existing shareholders.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd, an Australian financial services provider listed on the ASX under ticker EPY, offers funding and working capital solutions to businesses and has ordinary fully paid shares as its primary listed security. The company is engaged in ongoing capital management through an on‑market share buy‑back program, progressively reducing its share count as disclosed in daily notifications.
In its latest update, EarlyPay reported that it had repurchased a cumulative 7,001,905 shares before the previous trading day and bought back an additional 1,024,640 shares on the previous day. This continued execution of the buy‑back may support earnings per share and signals management’s active approach to optimising the capital structure, with potential implications for shareholder value and liquidity in EPY shares.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd, an ASX-listed provider of working capital and invoice finance solutions to small and medium-sized enterprises, focuses on improving clients’ cash flow by advancing funds against outstanding receivables. The company operates in the non-bank lending space, providing alternative financing options to businesses seeking flexible capital.
EarlyPay has reported an update to its on-market share buy-back program for its ordinary fully paid shares under ASX code EPY. The company disclosed that a total of 6,776,546 shares had been repurchased prior to the previous trading day, with an additional 225,359 shares bought back on the previous day, indicating continued execution of its capital management strategy.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd has an on-market share buy-back program in place for its ordinary fully paid shares, as disclosed to the Australian Securities Exchange under code EPY. The latest notification confirms the company continues to actively repurchase its stock as part of an approved capital management initiative.
The update dated 2 March 2026 reports that EarlyPay bought back 250,001 shares on the previous trading day, bringing total repurchases under the program to 6,526,545 shares to date. This ongoing buy-back reduces the number of shares on issue and may support earnings per share and shareholder value, signalling management’s confidence in the company’s prospects and balance sheet strength.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd has continued its on-market share buy-back program for its ordinary fully paid securities, updating the market with a daily buy-back notification as of 27 February 2026. The company reported that a total of 6,118,494 shares had been repurchased prior to the previous day, with an additional 408,051 shares bought back on the previous trading day, indicating an ongoing capital management initiative that may support earnings per share and signal confidence in the company’s valuation.
The latest notification, which amends earlier disclosures first lodged in November 2024 and last updated in January 2026, confirms that the buy-back remains active and focused on the EPY ordinary share class. This sustained on-market repurchase activity suggests EarlyPay is prioritising shareholder returns and balance sheet optimisation, with potential implications for the company’s free float and liquidity as the buy-back progresses.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
Earlypay Limited reported a 32% decline in underlying net profit after tax to $1.8 million for the six months to 31 December 2025, despite net revenue rising 6% to $18.2 million and Funds in Use edging up 4% to $268 million. Earnings per share fell to 0.7 cents, while underlying operating expenses increased 7%, credit impairment and recovery costs rose to $1.7 million, and surplus capital stood at about $8 million.
The company withdrew its earlier FY26 earnings guidance after November accounts indicated profits would fall materially short of prior targets, citing weaker-than-expected invoice finance utilisation, higher implementation and product investment costs, and increased provisioning in equipment finance. Management now expects second-half earnings to be broadly in line with the first half, with a softer revenue baseline from lower utilisation, a persistently higher cost base due to ongoing system migration and distribution investment, and credit loss expense assumed to remain consistent with H1 levels, even as invoice finance margins improve and credit performance in that portfolio remains solid.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd has issued an updated Appendix 3H notification to correct an error in a previous filing regarding the cessation of securities. The company clarified that its 6 January 2026 submission mistakenly double-counted share cancellations already disclosed in November 2025, and the revised document now only reflects cancellations occurring between 5 and 31 December 2025, with the number of cancelled shares amended accordingly, improving the accuracy and transparency of its issued capital reporting for investors.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd has cancelled 10,900,043 fully paid ordinary shares as part of an on-market buy-back completed on 31 December 2025, according to a notification of cessation of securities lodged with the ASX. The reduction in issued capital may enhance earnings per share and capital management efficiency, potentially improving shareholder value and signalling management’s confidence in the company’s underlying financial position.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd, listed on the ASX under the code EPY, has announced an update to its ongoing on-market share buy-back program. The current buy-back focuses on the company’s ordinary fully paid shares.
The company reported that a total of 6,078,173 shares had been repurchased prior to the previous trading day, with a further 40,321 shares bought back on the previous day, as part of a daily on-market buy-back first notified in November 2024. The continued execution of the buy-back suggests an ongoing capital management strategy that may support earnings per share and signal management’s confidence in the company’s valuation to shareholders and the market.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
Earlypay Ltd has provided an updated daily notification on its ongoing on-market share buy-back program for its ordinary fully paid shares (EPY) on the ASX. As of 31 December 2025, the company reported that it has repurchased a cumulative total of 6,074,020 shares prior to the previous trading day and bought back a further 4,153 shares on the previous day, signalling continued execution of its capital management strategy and potential implications for earnings per share and shareholder value.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Ltd, listed on the ASX under the code EPY, has an on-market share buy-back in place for its ordinary fully paid shares.
The company has updated the market with a daily notification showing that it repurchased 1,976,077 shares on the previous trading day, bringing the total number of shares bought back under the current program to 4,097,943, as part of its ongoing capital management strategy.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
Earlypay Limited has withdrawn its FY26 earnings guidance, which had forecast earnings per share 15–20% above FY25 levels, citing evolving trading conditions and increased downside risks. The company flagged higher and longer‑lasting implementation costs for its new invoice finance loan management system, increased short‑term investment in product and distribution to drive funds-in-use growth, and elevated credit losses in its equipment finance portfolio. While funds in use remain higher than in June and net revenue margins and credit performance in invoice finance are described as robust, slower growth and utilisation in December are weighing on expectations. The board plans to issue updated earnings guidance after first-half results in late February, with management emphasising that current spending is intended to build scale, resilience and future profitability, even if the pay-off is taking longer than shareholders had hoped.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Limited has announced an update on its ongoing share buy-back program, with a total of 77,528 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 7,865,596 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, potentially impacting its market positioning by signaling confidence in its financial health.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Limited has announced an update regarding its ongoing share buy-back program, with a total of 541,711 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 7,323,885 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.
EarlyPay Limited has announced an update on its ongoing on-market buy-back program, with a total of 247,998 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 7,075,887 securities. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:EPY) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on EarlyPay Limited stock, see the AU:EPY Stock Forecast page.