QuickFee Boosts Australian Loan Originations 40% and Expands Debt Facility

Australian Loan Growth Drives Stable Revenue

QuickFee Limited (ASX:QFE) delivered a steady finish to FY26 with quarterly revenue of A$4.4 million, matching the normalised prior corresponding period after excluding the sold US Pay Now business. The standout was a 40% jump in Australian total loan originations (TTV) to A$25.1 million, underpinned by a 14% rise in Australian Finance revenue to A$3.3 million. Legal disbursement funding (DF), a segment focused on personal injury and estate law firms, soared 134% in TTV to A$7.5 million, driven by new contracts with major law firms including two with revenues exceeding A$50 million.

US Finance Faces Headwinds Amid Reseller Integration Delay

The US Finance division continued to face challenges, with revenue down 29% to US$0.5 million and TTV slipping 8% to US$4.4 million in Q4 FY26. QuickFee’s reseller partnership with Aiwyn, which acquired the US Pay Now business, was expected to integrate QuickFee’s finance product into its payment portal by June 2026. This timeline has now been pushed back to December 2026, delaying anticipated revenue ramp-up. Despite the setback, QuickFee maintains a lean US operation with three employees and minimal product development costs, aiming to leverage the reseller channel and direct sales to reignite growth.

Expanded Debt Facility Signals Confidence in Growth Prospects

QuickFee secured a significant boost to its Australian credit facility, increasing the limit from A$45 million to A$60 million with Viola Credit. This expansion, pre-approved in last year’s refinancing agreement, reflects lender confidence in QuickFee’s low-risk, high-margin business model and its track record of negligible credit losses. The additional A$15 million headroom will support further growth in both Fee Funding and Disbursement Funding loan books. On the US side, the existing US$15 million facility has potential to double to US$30 million, subject to approval, providing ample capacity to fund future loan book expansion.

Profitability and Dividend Outlook

FY26 normalised revenue held steady at A$16.8 million, down just 1% on the prior year excluding the divested US Pay Now business. QuickFee reported an attractive net interest margin of 15.3% for FY26, reflecting the strength of its B2B fee-funding operations. The company confirmed EBITDA guidance in the range of A$3.75 million to A$4.25 million and announced a final dividend of 0.5 cents per share, following an interim dividend of the same amount. A special dividend of approximately 1 cent per share is expected later in 2026, funded by escrowed sale proceeds and free cash flow.

Strategic Focus and Outlook

CEO Bruce Coombes highlighted QuickFee’s sustainable profitability in both Australia and the US, supported by a strong balance sheet and minimal capital expenditure requirements. The company is actively promoting new firm sign-ups through the Aiwyn reseller channel and has introduced incentives to accelerate US growth. Meanwhile, Australian operations continue to benefit from momentum in legal disbursement funding, with revenue recognition from these loans expected to extend well into FY27 and beyond. QuickFee remains open to inorganic opportunities to enhance shareholder value, underscoring a cautious but optimistic stance on future growth.