Spenda Ltd Reports Half Yearly Results
Key points
- Revenue up 83% to $4.9M
- Net loss increased 53% to $9.4M
- Acquired key payment technology capabilities
Full summary
Spenda Ltd, an innovative software company, reported a consolidated net loss for the half-year ended 31 December 2024 of $9,390,756, up 53% from the prior corresponding period. Revenue increased 83% to $4,924,140. The company's strategy is to deliver a portfolio of software and payments infrastructure that harness the network effect, targeting trading and franchise networks and distributed marketplaces. Spenda has secured commercial deals with Carpet Court, Airplus, and Capricorn, generating multiple revenue streams from SaaS, B2B and B2C payments, and B2B supply chain finance. In the half-year, the company acquired key payment technology capabilities to enhance its payment solutions across existing customers and open access to new verticals. Cash receipts of $5.49M for the half-year exceeded the total cash receipts collected in FY2024 of $5.4M, and the company expects to continue building on this strong start to FY2025.
Guidance
The company expects to continue to build on its strong start to FY2025, with H1 FY25 total payment volume of ~$246.5M (including Limepay) almost exceeding FY24 payment volumes of $249.5M.
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