• Revenue up 29% to US$9.3m (A$13.3m) in H1 FY26
• Underlying EBITDA of US$1.8m (A$2.6m), maiden profit of US$0.6m (A$0.9m)
• PaaS revenue scaling with 110k+ active cards and 9.8m transactions processed

Change Financial has reported a record H1 FY26, with revenue up 29% to US$9.3m (A$13.3m) and Underlying EBITDA of US$1.8m (A$2.6m), marking the company's first-ever profit. The strong performance was driven by continued scaling of the Vertexon PaaS platform, with 110k+ active cards and 9.8m transactions processed, up 16% on the prior corresponding period. The company's PaaS revenue now accounts for 85% of total revenue, supported by a growing client base and increasing transaction volumes. Change Financial also delivered one-off licence sales and professional services revenue above historical run rates. The company's global client base is now split approximately 70% USD, 20% NZD, and 10% AUD. Operationally, the company has strengthened its Vertexon PaaS platform, enhanced its digital capabilities, and progressed the modernisation of its PaySim offering. Change has also made significant advancements in leveraging AI across its platforms to drive efficiency, productivity, and growth. Looking ahead, the company has upgraded its FY26 guidance, with revenue expected in the range of US$17.5m to US$18.5m (A$25.0m to A$26.4m) and Underlying EBITDA of US$3.1m to US$3.8m (A$4.4m to A$5.4m).

Revenue expected in the range of US$17.5m to US$18.5m (A$25.0m to A$26.4m) and Underlying EBITDA of US$3.1m to US$3.8m (A$4.4m to A$5.4m) for FY26.

Change Financial is focused on delivering profitable growth, leveraging its strong foundations in Australia and New Zealand, and expanding its global presence. The company sees significant opportunities in the growing digital payments market, both through its Vertexon PaaS platform and its PaySim testing solution.