Key points
- Strong growth in active customers, funds under management, and revenue per user
- Underlying EBITDA increased 578.8% to $706,000
- Successful $3.9 million capital raise to fund strategic initiatives
Full summary
Raiz Invest Limited, a leading provider of micro investing services in Australia, has reported its financial results for the half-year ended 31 December 2024 (1H25). The company generated strong growth in its key revenue drivers, with active customers increasing 8.5% to 317,995, funds under management (FUM) rising 32.4% to $1.61 billion, and annualised revenue per user (ARPU) climbing 7.7% to $74.29. Operating revenue from continuing operations increased by 14.3% to $11.6 million. Raiz's preferred measure of profitability, Underlying EBITDA, surged 578.8% to $706,000. The company also successfully raised $3.9 million in new equity through the issuance of 9,540,313 new ordinary shares, which will be used for strategic opportunities, including artificial intelligence initiatives, further product innovation, and other market opportunities. During the period, Raiz completed the closure of its discontinued operations in Southeast Asia, allowing the company to focus exclusively on the Australian market. Looking ahead, Raiz's strategic priorities include enhancing customer lifetime value, accelerating revenue growth, deepening trust and brand loyalty, developing innovative financial products, leveraging artificial intelligence and data analytics, and efficiently using capital while retaining talent.
Guidance
The company did not provide any high-importance, price-sensitive forward-looking financial metrics.
Outlook
Raiz's strategic priorities include enhancing customer lifetime value, accelerating revenue growth, deepening trust and brand loyalty, developing innovative financial products, leveraging artificial intelligence and data analytics, and efficiently using capital while retaining talent.