Sharechat Logo

Smartpay Holdings Limited (NZX: SPY) Interim Result Announcement and Half Year Report

Wednesday 25th November 2020

Text too small?

The Board of Smartpay is pleased to announce its half year results to 30 September 2020.

Business Highlights

• We are achieving record levels of lead generation and sales conversions in our Australian business off the back of our growing market presence, increased marketing activity and brand awareness campaigns.

• We are achieving this top-level growth together with continued increase in acquiring margin through the period.

• Australian transacting terminals grew to 4,611 at end September. Current transacting terminals has further increased to 5,098 as at the end of October.

Six Months Financial Highlights

• Revenue $14.5m, an 8% increase on the prior year $13.4m.

• Australian acquiring revenue:

  - $6.3m, a 67% increase on the prior year $3.8m.

  - Strong recovery post Covid-19 with September the largest month on record.

  - Current annualised run-rate over $19m (based on October) compared to $9.5m for the entire FY20 financial year.

• EBITDA of $3.4m, a 6% decrease on prior year. The result includes approximately $500k adverse Covid-19 related impact to the business and significant ramp up in marketing and sales activities.

• After Tax Loss of $9.2m largely driven by $7.7m non-cash fair value adjustment of existing convertible notes – a direct result of our strong share price increase.

• Net debt, excluding convertible notes, has reduced significantly to $4.8m from $19.4m at the beginning of the period through the capital raise.

See the links below for more details:

FY21 Interim Results Announcement

Half Year Report

Interim Result

Source: Smartpay Holdings Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement
Turners Automotive Group Limited (NZX: TRA) Upgrades FY21 Earnings Guidance
Blackwell Global Holdings Limited (NZX: BGI) Restructure of Business Operations
Vista Group International Limited (NZX: VGL) Vista Group appoints James Miller as Independent Director
Rakon Limited (NZX: RAK) Update of FY2021 Earnings Guidance
The a2 Milk Company Limited (NZX: ATM) Organisational Announcement
Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach
MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale
Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes
New Zealand Oil & Gas Limited (NZX: NZO) Mahato PSC Update - Oil Production

IRG See IRG research reports