• Second consecutive quarter of record quarterly revenue, up 29% on pcp
• Increasing transaction volumes through Connect, up 118% quarter-on-quarter
• Provision for credit impairment of US$2.2 million (A$3.3 million) due to one US firm default

QuickFee Limited (ASX: QFE) has announced a business update for the quarter ended 31 March 2025 (Q3 FY25) and a revision to FY25 earnings guidance. The company delivered a second consecutive quarter of record revenue of A$6.3 million, up 29% on the prior corresponding period (pcp), reflecting growth in both volume and margin expansion in QuickFee Finance in Australia and the US. Transaction volumes through the Connect platform also increased substantially, up 118% quarter-on-quarter. However, QuickFee has been unsuccessful in collecting an amount of approximately US$450,000 from one US firm under the guarantee it provided, and a provision has been made for a potential credit impairment of the maximum exposure of US$2.2 million (A$3.3 million). As a result, the company is revising its FY25 statutory EBTDA guidance to the range of -A$0.8 million to -A$1.8 million. Excluding the credit impairment provision, QuickFee's business remains sound and is on track to deliver underlying FY25 EBTDA of A$1.5 million to A$2.5 million as previously stated.

QuickFee is revising its FY25 statutory EBTDA guidance to the range of -A$0.8 million to -A$1.8 million due to the credit impairment provision. Excluding the provision, the company is on track to deliver underlying FY25 EBTDA of A$1.5 million to A$2.5 million.

QuickFee's underlying business performance remains very strong, with quarterly revenue up 29% on pcp. The company is focused on continued execution to maintain this positive momentum, with the refinancing of its credit facilities well progressed to provide further headroom to support the growth in its loan books.