• Revenue increased 61% to US$7.19 million
• Loss from ordinary activities increased 13% to US$1.73 million
• Targeting 30%+ revenue growth and maiden positive EBITDA in FY25

Change Financial Limited (ASX: CCA), a global fintech, reported a 61% increase in revenue to US$7.19 million for the half year ended 31 December 2024. The company's loss from ordinary activities increased 13% to US$1.73 million. The key drivers of growth in financial year 2025 are expected to be the company's longstanding client base with contracted revenue, contracted Payments as a Service (PaaS) clients generating transaction and volume-based revenue, and new client and partner wins. During the period, Change announced it was exiting the US market, with final transactions processed in late January 2025. Exiting the US will have an insignificant impact on Group revenue but will result in a significant reduction in operating expenses. The company is targeting to deliver profitable revenue growth in financial year 2025 (FY25) with 30%+ revenue growth and a maiden positive EBITDA.

The company is targeting to deliver 30%+ revenue growth and a maiden positive EBITDA in financial year 2025.