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Change Financial Limited (ASX:CCA)

ALERT: Price-sensitive ASX Announcement for CCA
Current share price for CCA : $0.072 -0.009 (-10.56%)+
Announcement
Release
26 Feb 2026 8:43AM
Price at Release
$0.081
Full Release
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Summary
Change Financial Limited's H1 FY26 report highlights a significant improvement in financial performance compared to the previous year. The company reported a profit before tax of USD 649,733, contrasting a loss of USD 669,444 in the prior comparable period. Profit after tax totaled USD 596,646, reversing a prior loss of USD 1,731,201. This turnaround is attributed to increased revenues and better cost management. The report includes condensed financial statements showing a reduction in liabilities and an increase in net assets. The company continues to focus on its growth strategy, supported by a solid balance sheet and a clear focus on operational efficiencies. The directors are confident in the company's ability to meet its financial obligations, as stated in the directors' declaration.
Key Points
  • Profit before tax improved to USD 649,733, reversing a loss from the previous year.
  • Total profit for the period was USD 596,646, compared to a loss of USD 1,731,201 previously.
  • Revenues increased significantly, contributing to the improved financial results.
  • The company managed to reduce liabilities and increase net assets.
  • The directors are confident in the company’s financial health and ability to meet obligations.
  • The report emphasizes a focus on growth strategy and operational efficiencies.
  • The financial statements comply with Australian Accounting Standards and present a fair view of the financial position.
  • No contraventions of auditor independence requirements were noted.
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.