Completion of Share Purchase Plan
| Stock | Quickfee Ltd (QFE.ASX) |
|---|---|
| Release Time | 26 Jun 2025, 9:58 a.m. |
| Price Sensitive | Yes |
QuickFee completes A$1.5 million capital raise
- Successful completion of oversubscribed A$282,000 Share Purchase Plan
- Follows A$1.25 million placement earlier in June 2025
- Total A$1.532 million capital raised to fund loan book growth
QuickFee Limited (ASX:QFE) has announced the completion of its Share Purchase Plan (SPP) offer to existing eligible shareholders in Australia and New Zealand, which was launched in June 2025 to raise approximately A$250,000. The Company received eligible applications under the SPP totalling A$282,000 and has decided to expand the SPP to that amount to enable all participants to receive the full amount of their application. Following the completion of the SPP, together with the proceeds of the share placement earlier in June 2025, QuickFee raised a total of A$1.532 million before transaction costs. The capital raised will be used to strengthen QuickFee's balance sheet and fund further loan book growth, to support the positive momentum in the business. QuickFee has a clear strategy to continue transformational growth in the US over the years ahead with a focus on growing its high-margin Finance and Connect products. In H1 FY25, group revenue was up 26% on pcp, EBTDA was up A$3.0 million to A$0.3 million, and FY25 underlying EBTDA remains on track to be in the range A$1.5 million to A$2.5 million, before a A$3.3 million non-recurring credit loss provision expense.
FY25 underlying EBTDA remains on track to be in the range A$1.5 million to A$2.5 million, before a A$3.3 million non-recurring credit loss provision expense.
QuickFee has a clear strategy to continue transformational growth in the US over the years ahead with a focus on growing its high-margin Finance and Connect products.