• Strong revenue growth, up 14% to $11.6m
• Funds Under Management (FUM) up 32% to $1.61bn
• Underlying EBITDA of $706k, materially up on prior period

Raiz Invest (ASX:RZI) reported its financial results for the half-year ended 31 December 2024 ('1H FY25'). Key highlights include strong revenue growth of 14% to $11.6m, driven by a 9% increase in Active Customers to 317,995 and an 8% increase in ARPU to $74.29. Funds Under Management (FUM) increased by 32% to $1.61bn, with Super FUM up 33%, Raiz Plus FUM up 89%, and Kids FUM up 103%. Underlying EBITDA increased significantly to $706k, reflecting an inflection point in the business as it transitions to operating profitability. The company also reported positive operating cashflows of $1.56m for the third consecutive half, supporting positive free cashflows. Raiz strengthened its balance sheet through a $3m share placement and $938k Share Purchase Plan, ending the half with $12m in cash. The company also announced a strategic partnership with State Street Global Advisors to broaden market awareness and collaborate on new product development. Raiz is focused on enhancing customer lifetime value, accelerating revenue growth, deepening trust and brand loyalty, leveraging AI and data analytics, and efficient capital management.

Raiz is exclusively focused on the core Australian operations. The company has a clear track record of ongoing product innovation and is building a strong ecosystem of strategic partners, which will further enhance its distribution capabilities and market growth potential. Raiz has highly scalable technology and operations, a strengthened Board and team, and the business is transitioning to profitable growth.