• Revenue from customers increased 16% to $23.249 million
• EBITDA was a profit of $1.078 million, up from $0.974 million
• Cash generated from operations grew 50% to $2.465 million

Credit Clear Limited reported its financial results for the half-year ended 31 December 2024. Revenue from customers increased 16% to $23.249 million, up from $20.030 million in the prior corresponding period. The improvement was driven by increasing revenues from both existing and new clients, with a good number of new clients being onboarded during the period. Earnings/losses before interest, tax, depreciation and amortisation (EBITDA) was a profit of $1.078 million, up from $0.974 million in the prior corresponding period. Cash generated from operations grew 50% to $2.465 million, compared to $1.643 million in the prior corresponding period. The Board and Executives continue to focus on developing digital collections technology to enhance the customer experience and optimise receivables management, in combination with providing traditional collection services to clients. This hybrid approach of digital and traditional has proven to achieve better collection results for clients, and is also driving new client acquisitions which remained strong during the period. There were no significant changes in the state of affairs of the consolidated entity during the financial period.