7.5cps capital return, FY26 guidance and CEO appointment
| Stock | Quickfee Ltd (QFE.ASX) |
|---|---|
| Release Time | 3 Oct 2025, 9:09 a.m. |
| Price Sensitive | Yes |
QuickFee announces 7.5cps capital return, FY26 guidance and CEO appointment
- Sale of US Pay Now business completed for A$40 million
- Capital return of 7.5 cents per share (A$28.4 million) to shareholders
- Appointment of Bruce Coombes as CEO
QuickFee Limited (ASX: QFE) announced the completion of the sale of its US Pay Now (ACH, Card and Connect) business for US$26.35 million (A$40 million) to Aiwyn, Inc. QuickFee will retain its US Finance business and loan book of US$7.5 million, and will benefit from a newly established reseller agreement with Aiwyn for the US Finance product. QuickFee will return 7.5 cents per share (A$28.4 million) to shareholders, subject to shareholder approval at the upcoming Annual General Meeting. The balance of proceeds will be deployed in the business and to reduce debt. QuickFee Founder and Executive Director, Bruce Coombes, will assume the role of CEO, with overall executive responsibility for the US Finance business as well as his existing role running the Australian business. QuickFee expects FY26 EBTDA to be in the range of A$3.75 million - A$4.25 million, weighted to the second half.
Expected FY26 EBTDA to be in the range of A$3.75 million - A$4.25 million, excluding any accounting profit recorded on the sale of the US Pay Now business.
The operating outlook for QuickFee remains positive, with a singular management focus on the Finance product in the US and Australia and strong business fundamentals entering FY26.