QuickFee Accelerates Growth with 25% Revenue Surge and Positive Earnings Outlook
QuickFee Limited reports a robust 25% revenue increase in FY25 alongside a return to profitability, setting a confident earnings guidance for FY26 backed by its expanding Connect platform.
- 25% total revenue growth to A$25.3 million in FY25
- Underlying EBTDA turns positive at A$2.4 million, reversing prior losses
- Australian revenue jumps 36%, US revenue up 15%
- FY26 EBTDA guidance set between A$5.5 million and A$6.5 million
- Connect platform adoption accelerates with 100 firms onboard and rising recurring revenue
Strong Financial Turnaround
QuickFee Limited (ASX – QFE) has delivered a compelling financial performance for the fiscal year ended June 30, 2025, posting a 25% increase in total group revenue to A$25.3 million. This growth was underpinned by a 36% surge in Australian revenue and a 15% rise in the US market, reflecting the company’s expanding footprint in two key geographies.
More notably, QuickFee reversed its previous underlying earnings before tax, depreciation, and amortisation (EBTDA) loss of A$3.2 million in FY24 to a positive underlying EBTDA of A$2.4 million in FY25. This turnaround was supported by a 12% reduction in operating expenses and improved finance revenue yields in both Australia and the US.
Growth Drivers and Platform Adoption
The Australian business excelled with a 15% increase in total transaction volume (TTV) to A$63.7 million and a finance revenue yield improvement of 290 basis points to 17.1%. Meanwhile, the US operations saw a 9% rise in finance TTV and a 12% increase in Pay Now TTV, exceeding US$1.5 billion, signaling strong demand for QuickFee’s payment solutions.
Central to this growth is the Connect platform, which has seen rapid adoption with approximately 100 firms signed up and over 127,000 invoices processed, up from just 19,000 the previous year. The platform’s annualised recurring revenue (ARR) now stands at US$413,000, highlighting its emerging role as a stable revenue contributor alongside traditional finance and payment products.
Balance Sheet Strength and Future Outlook
QuickFee also bolstered its financial position by completing refinancing arrangements, including an A$118 million asset-backed receivables facility and a new A$5 million term loan. The company raised A$1.532 million through a placement and an oversubscribed share purchase plan, aimed at supporting loan book growth.
Looking ahead, QuickFee has issued FY26 earnings guidance with expected underlying EBTDA between A$5.5 million and A$6.5 million, weighted towards the second half of the year. Chairman Dale Smorgon expressed confidence in the company’s strategic growth plan and the continued momentum across core business metrics.
While a one-off credit impairment provision of US$2.2 million impacted FY25 results, management’s focus on operational efficiency and platform innovation positions QuickFee well for sustained growth in both Australia and the US markets.
Bottom Line?
QuickFee’s FY25 results mark a pivotal step towards profitability, with FY26 guidance underscoring confidence in its scalable fintech platform and market expansion.
Questions in the middle?
- How will QuickFee mitigate future credit impairment risks in its loan portfolio?
- What is the expected contribution of the Connect platform to overall revenue growth in FY26?
- How will QuickFee balance growth investments with maintaining cost discipline moving forward?
