• Strong start to FY26 with H1 revenue and EBITDA ahead of target
• Significant increase in Underlying EBITDA guidance for FY26
• Expected to be net cash flow positive in FY26

Change Financial Ltd (ASX: CCA) has announced a strong start to FY26, with H1 revenue and EBITDA ahead of target. The company reported unaudited H1 FY26 revenue of US$9.3m (A$13.9m), up 29% on H1 FY25, and Underlying EBITDA of US$1.8m (A$2.7m), a significant improvement on the US$0.5m (A$0.7m) Underlying EBITDA loss in H1 FY25. This demonstrates the emergence of operating leverage as the business scales. Given the strong start to the year, Change has upgraded its guidance for FY26 revenue to between US$17.5m (A$26.1m) to US$18.5m (A$27.6m) and upgraded its guidance for FY26 Underlying EBITDA, which it expects to be in the range of US$3.1m (A$4.6m) to US$3.8m (A$5.7m). This represents a 15% increase in the EBITDA guidance midpoint compared to previous guidance. The company also expects to be net cash flow positive for FY26, marking a significant milestone as the business hits an operating leverage inflection point. Change has made investments in product, technology and people to continue to maintain a target revenue CAGR in excess of 20% over the medium to long-term.

Revenue expected to be between US$17.5m (A$26.1m) to US$18.5m (A$27.6m) in FY26. Underlying EBITDA expected to be between US$3.1m (A$4.6m) to US$3.8m (A$5.7m) in FY26.

Change expects to be net cash flow positive in FY26, marking a significant milestone as the business hits an operating leverage inflection point. The company has made investments to continue to maintain a target revenue CAGR in excess of 20% over the medium to long-term.