Key points
- Positive net cash flow from operating activities of US$0.6m in Q4 FY26
- Q4 FY26 revenue of US$4.6m, up 16% year-over-year
- FY26 revenue of US$18.2m, up 21% year-over-year
- Strong momentum in PaaS business with 150k+ active cards
- Gross margin expansion of 600 bps in FY26
Full summary
Change Financial Ltd released its Q4 FY26 Quarterly Activities Report, highlighting positive net cash flow from operating activities of US$0.6m. The company reported Q4 FY26 revenue of US$4.6m, up 16% year-over-year, and FY26 revenue of US$18.2m, up 21% year-over-year. The PaaS business saw significant growth with over 150,000 active cards, up 104% year-over-year. Gross margins expanded by 600 basis points in FY26, reflecting scaling benefits. The company also achieved a 3-year Compound Annual Growth Rate (CAGR) of 28%. Change Financial Ltd expects growth in FY27 to be driven by its PaaS and PaySim businesses.
Guidance
FY26 revenue US$18.2m, Underlying EBITDA US$3.3m
Outlook
Change Financial Ltd expects growth in FY27 to be driven by its PaaS and PaySim businesses, with a focus on migrating On-Premises clients to the cloud version of Vertexon.