1CG Delivers Significant Revenue Increase
| Stock | One Click Group Ltd (1CG.ASX) |
|---|---|
| Release Time | 23 Jul 2025, 8:43 a.m. |
| Price Sensitive | Yes |
1CG Delivers Significant Revenue Increase
- July revenue surpassing July 2024 revenue within the first 18 days
- Demand post 18 July continues to be strong from both existing and new customers
- Experiencing outstanding returning customer lodgement rate of 72% this tax season
One Click Group Limited (ASX:1CG) has provided an update after exceeding July 2024 revenue, demonstrating the growing revenue on the One Click Life platform. This has been achieved in only 18 days despite the ATO advising their overall 2025 tax lodgement numbers are down 10% on July 2024. The lower lodgement numbers the ATO are experiencing indicate the quality of the achievement this July and the expected runway for the remainder of the tax season. Returning customer lodgement rate during this period is 72% marking an improvement over July 2024 where the rate for the same period was 63%. This increase in returning customer lodgement rate (a proxy for retention) is an important indicator of the quality of the revenue the business generates from online tax returns. The revenue growth is extremely pleasing and demonstrating the quality of the Company's business model. To outperform the prior July Revenue in only 18 days with a return rate of 72% is a great achievement, and the Company is only at the start of the main revenue generating period for the One Click Life platform.