• Revenue up 20% to $509.2 million
• Profit down 69% to $23.0 million
• Total transaction volumes grew 23.9% to $6.2 billion

Zip Co Limited reported a 20% increase in revenue to $509.2 million for the half year ended 31 December 2024, driven by a 23.9% increase in total transaction volumes to $6.2 billion. However, profit from ordinary activities after income tax attributable to members declined 69% to $23.0 million. The company's focus on operational leverage resulted in Group Cash EBTDA of $67.0 million, growing 117% over the prior period. The USA business experienced strong transaction volume growth of 39.2%, while the ANZ business saw a 1.2% decline due to more cautious credit underwriting. The company's receivables portfolio increased 8.1% to $2,592 million, with the provision for expected credit losses increasing from 5.5% to 6.3% of gross customer receivables. Zip successfully completed $1.1 billion of refinancing in Australia and upsized its US funding facility to US$300 million during the period. The company also repaid all of its corporate debt.