• Solid TTV growth in US Pay Now and AU Finance
• Connect platform delivers record invoice numbers
• A$ 118 million refinancing completed
• Successful completion of A$ 1.25 million Share Placement and A$0.25 million Share Purchase Plan
• Positive underlying EBTDA for April 2025 and FY25 earnings guidance unchanged

QuickFee Limited (ASX: QFE) has announced a business update for the period 1 April 2025 to 31 May 2025 ('Q4 FY25 to-date'). The highlights include solid TTV growth in US Pay Now (up 9% on pcp) and AU Finance (up 5% on pcp), while US Finance TTV was down 28% on pcp due to the termination of one US firm. The Connect platform delivered a record 47,000 invoices in April and May 2025, compared to 37,000 in the whole of Q3 FY25. QuickFee has also completed a A$118 million refinancing, partnering with Viola Credit, and secured a A$5 million term loan facility with Fancourt Capital Group. The company successfully completed a A$1.25 million share placement and is offering a A$0.25 million share purchase plan. QuickFee's business remains sound and is on track to deliver underlying FY25 EBTDA of A$1.5 million to A$2.5 million, excluding a one-off provision expense of US$2.2 million (A$3.3 million) for credit impairments. The company's FY25 statutory EBTDA guidance remains unchanged, in the range of -A$0.8 million to -A$1.8 million.

QuickFee's business remains sound and is on track to deliver underlying FY25 EBTDA of A$1.5 million to A$2.5 million, excluding a one-off provision expense of US$2.2 million (A$3.3 million) for credit impairments. The company's FY25 statutory EBTDA guidance remains unchanged, in the range of -A$0.8 million to -A$1.8 million.

The company has recently received unsolicited approaches from third parties in relation to the potential acquisition of all or part of QuickFee's US business. Initial confidential discussions are being held with such parties, but there is no assurance that these discussions will lead to a sale or any other particular outcome.