• Revenue up 9% to $249.0m
• Profit down 19% to $17.5m due to listing costs
• Dividends of 9.5 cents per share paid

Cuscal Limited has reported its financial results for the half-year ended 31 December 2024. Revenue from ordinary activities was up 9% to $249.0 million, while profit before tax was down 19% to $17.5 million. The decline in profit was primarily due to $13.4 million in costs associated with Cuscal's listing on the Australian Securities Exchange on 25 November 2024. Excluding the impact of these listing costs, Cuscal's financial results demonstrate solid growth across key metrics, with the company on track to meet or modestly exceed its FY25 Prospectus pro forma Consolidated Profit forecast. Cuscal paid a final dividend of 5.0 cents per share on 3 October 2024 and a special dividend of 4.5 cents per share on 27 November 2024, with both dividends fully franked. No interim dividend has been declared for the period ended 31 December 2024. Cuscal expects to use the $336.8 million raised through the IPO to support working capital, maintain a strong balance sheet, pay for the costs of the offer, further enhance its core technology, and execute its growth strategy.

Cuscal's pro forma Consolidated Profit forecast for FY25 is $36.6 million.

Cuscal is on track to meet or modestly exceed its FY25 Prospectus pro forma Consolidated Profit forecast, with growth in transaction volumes and net operating income.