Key points
- Total group revenue of A$11.7 million, up 26% on pcp
- Australian revenue up 48% on pcp to A$6.1 million
- First ever EBTDA positive half year
Full summary
QuickFee reported a strong H1 FY25 performance, with total revenue up 26% to A$11.7 million and the company achieving its first ever EBTDA positive half year. The Australian business saw a 48% increase in revenue to A$6.1 million, driven by a 50% increase in Finance revenue to A$5.4 million. The US segment also delivered solid growth, with revenue up 8% to A$5.6 million, and the US business achieving profitability with an EBTDA of A$0.8 million. The company continued to execute on its strategy, with five new Connect integrations and 95 firms signed up for Connect at 31 December 2024. QuickFee is also gaining traction in secondary verticals such as legal, government contracting, and executive search. The company has maintained its FY25 EBTDA guidance of A$1.5 - A$2.5 million, with earnings expected to be weighted to the second half.
Guidance
Expected FY25 EBTDA in the range of $1.5 - $2.5 million.
Outlook
QuickFee is focused on driving cost-effective growth through automation, leveraging differentiated technology, and expanding strategic alliances and partnerships. The company is also targeting secondary verticals beyond accounting, with a focus on professional services firms with a business-to-business customer base.