Q3 FY25 Quarterly Business Update
Stock | RAIZ Invest Ltd (RZI.ASX) |
---|---|
Release Time | 24 Apr 2025, 9:37 a.m. |
Price Sensitive | Yes |
Raiz Invest Q3 FY25 Quarterly Business Update
- Active Customers up 6.9% YOY to 324,968
- ARPU up 5.9% YOY to $75.94
- Strong quarterly net inflows of $60m, up 67.9% on pcp
Raiz Invest Limited (ASX:RZI) reported its Q3 FY25 quarterly business update, highlighting solid growth across key metrics. Active Customers increased 6.9% year-over-year (YOY) to 324,968, with strong growth in January and February partially offset by softer March performance due to market volatility. Annualised Revenue Per User (ARPU) grew 5.9% YOY to $75.94, driven by sustained growth in higher revenue products. The quarter saw strong net inflows of $60 million, up 67.9% on the prior corresponding period (pcp), supporting a 23.1% YOY increase in total Funds Under Management (FUM) to $1.65 billion. Raiz Kids continued its growth trajectory, with Active Parent accounts up 34.5% YOY. The successful launch of Raiz Jars resulted in 15,814 Active Jar accounts with $6 million in FUM since January 2025. Raiz was also recognized with the 2025 Canstar Innovation Excellence Award for its Raiz Plus Portfolios. The company maintained a strong cash position with positive cash inflow of $447,000 and $12.5 million in cash balance.
Raiz Invest is focused on increasing engagement with its existing customer base, implementing strategies to improve retention rates and cross-promote higher revenue products. The company remains committed to ongoing product innovation, with recent highlights including the launch of Raiz Jars, new user interfaces for Raiz Kids and Raiz Rewards, and the Raiz Your Game podcast targeting a younger audience.