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Change Financial Limited (ASX:CCA)

ALERT: Price-sensitive ASX Announcement for CCA
Current share price for CCA : $0.080 -0.016 (-16.67%)+
Announcement
Release
29 Apr 2026 9:29AM
Price at Release
$0.096
Full Release
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Summary
Change Financial Limited reported strong financial performance in Q3 FY26, highlighted by record customer receipts and revenue growth driven by its expanding PaaS offerings. The company signed two new PaaS clients in Australia and successfully onboarded additional clients, bolstering recurring revenue streams. Strategic partnerships, such as the one with Paymentology, are set to boost service capabilities. Despite regulatory changes by the Reserve Bank of Australia, the company anticipates minimal impact. With a solid cash position and no debt, Change Financial remains optimistic about meeting its FY26 financial guidance.
Key Points
  • Change Financial Limited reported record quarterly customer receipts of US$4.5m in Q3 FY26, a 19% increase from the previous corresponding period.
  • Two new Platform-as-a-Service (PaaS) clients were signed in Australia during the quarter.
  • The company is currently onboarding four contracted PaaS clients to the Vertexon platform.
  • Q3 FY26 revenue was reported at US$4.3m, marking an 11% increase.
  • A strategic partnership was formed with Paymentology to enhance BIN sponsorship capabilities.
  • Change Financial Limited's cash position at the end of Q3 FY26 was US$3.0m with no debt facilities in place.
  • The Reserve Bank of Australia's new reforms on surcharging and interchange fees are expected to have minimal impact on the company.
  • Approximately 74% of Q3 FY26 revenue was derived from recurring income streams.
  • The company confirmed its FY26 revenue and Underlying EBITDA guidance with a positive outlook.
  • Hnry, a significant client, commenced migrating over 30,000 debit cards to Change's platform.
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.