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Change Financial Limited (ASX:CCA)

ALERT: Price-sensitive ASX Announcement for CCA
Current share price for CCA : $0.072 -0.011 (-13.25%)+
Announcement
Release
29 Jul 2025 8:51AM
Price at Release
$0.083
Full Release
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Summary
Change Financial Limited released its Appendix 4C Quarterly Cash Flow Report for the quarter ending 31 March 2023, highlighting its continued growth in revenue and strategic business developments. The company reported cash receipts from customers of $3.3 million, representing strong operational performance. Key achievements included the completion of its Mastercard principal issuer and acquirer licence, advances in technology integration, and new client contracts. The report discusses the company's focus on expanding its payments and card solutions, particularly in the Australian and New Zealand markets, while maintaining prudent cost management. The cash flow statement details operating, investing, and financing activities, and the company affirms it has sufficient funding for future operations. There is also an update on related party transactions and a summary of business activities.
Key Points
  • Quarterly cash receipts from customers totaled $3.3 million, reflecting ongoing revenue growth.
  • Change Financial completed its Mastercard principal issuer and acquirer licence, expanding capabilities.
  • The company continued to focus on scaling its payments and card solutions offering, especially in Australia and New Zealand.
  • New client contracts and technology integration progressed during the quarter.
  • Prudent cost management strategies remained in place to support business sustainability.
  • The cash flow report includes details of operating, investing, and financing activities.
  • Change Financial indicated it has sufficient funding for its future operational needs.
  • The report provides a summary of related party transactions for the quarter.
  • Ongoing focus on product innovation and business development to drive growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.