Zip’s US rebound keeps A$340m FY27 target intact after fraud disruption

• TTV rose 18.0% to A$4.6 billion, while transactions increased 21.8% to 31.6 million
• Adjusted cash EBTDA climbed 19.5% to A$75.1 million excluding A$10.1 million of US fraud-related costs
• US TTV grew 34.1% in USD, despite weaker July and August new-customer and transaction growth
• Group net bad debts rose to 1.97% of TTV from 1.65% a year earlier