Friday 28th May 2021 |
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The Board of Smartpay is pleased to announce its unaudited full year results to 31 March 2021.
Full Year Financial Highlights
• Revenue $33.8m, a 19.7% increase on the prior year $28.3m
• EBITDA $7.6m, a 2.7% increase on the prior year $7.4m. Run-rate EBITDA at March 2021 $9.8m
• Australian transacting terminals fleet grew to 6,754 at 31 March 2021
• Continued increase in acquiring margin through the year
• Net debt, excluding convertible notes, reduced to $4.7m, $19.4m at March 2021
• After Tax Loss of ($15.2m), largely driven by ($12.7m) non-cash fair value adjustment of existing convertible notes – a direct result of our steep increase in share price over the period
Summary and Outlook
FY21 demonstrated the resilience of our New Zealand business and validated our successful go to market strategy in the Australian market. Whilst we are still in the early stages of our growth phase in Australia the business is scaling quickly, and we now have a well-established marketing and sales capability.
FY22 will see Smartpay continue to develop our payments offering in both countries, broaden awareness of our brand and competitive product offering in Australia and further scaling our Australian revenue which is expected to deliver operational leverage and EBITDA growth.
Please see the links below for details
Preliminary Full Year Result Announcement
Preliminary unaudited financial statements
Source: Smartpay Holdings Limited
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