QuickFee Appendix 4D and H1 FY25 Interim Report

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Stock Quickfee Ltd (QFE.ASX)
Release Time 21 Feb 2025, 8:37 a.m.
Price Sensitive Yes
 QuickFee Appendix 4D and H1 FY25 Interim Report
Key Points
  • Revenue up 26.6% to $11.7 million
  • Loss reduced by 63.6% to $1.226 million
  • First ever profitable half-year with EBTDA of $0.3 million
Full Summary

QuickFee, a market-leading payments and accounts receivable automation provider for professional services firms, reported a strong performance in H1 FY25. Revenue grew 26.6% to $11.7 million, with interest revenue up 39% to $7.1 million and payments and other revenue up 10% to $4.6 million. The company's focus on higher yield products, sales execution, cost management and minimal credit losses has delivered its first ever profitable half-year, with EBTDA of $0.3 million, a $3 million improvement on the prior year. The US business delivered solid growth with increased transaction volumes and positive momentum in the Connect subscription product, while the Australian business continued its strong performance across all products. The company is gaining traction in secondary verticals including legal, government contracting, executive search and other professional services businesses, and its strategic partnerships are progressing well.

Guidance

No high-importance, price-sensitive forward-looking financial metrics provided.

Outlook

No forward-looking outlook provided.