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Earlypay Ltd (ASX:EPY)

ALERT: Price-sensitive ASX Announcement for EPY
Current share price for EPY : $0.130 -0.01 (-7.14%)+
Announcement
Release
18 May 2026 9:38AM
Price at Release
$0.140
Full Release
download
Summary
Earlypay Limited has released an update on its on-market share buyback and trading performance, showing strategic capital management and efficient operations. Over the past year, the company has nearly exhausted its share buyback capacity under the Corporations Act, purchasing 27.1 million shares. Earlypay has managed to repay $20 million in corporate debt and spent $9.3 million on buybacks, reducing its shares on issue by 17.6% and boosting earnings per share. Looking ahead, the company forecasts a year-end Funds In Use of at least $300 million, driven by growth in equipment and invoice finance. Despite challenging conditions for SMEs, Earlypay remains committed to disciplined lending, maintaining more than $5 million in surplus capital for future initiatives.
Key Points
  • Earlypay Limited provides an update on its on-market share buyback and trading performance.
  • The company repurchased 27.1 million shares in the past 12 months, nearing the 10% limit under the Corporations Act.
  • Earlypay has used capital efficiently, repaying $20 million of corporate debt and executing $9.3 million in share buybacks.
  • The buyback program reduced shares on issue by 17.6%, enhancing Earnings per Share.
  • Forecasted Funds In Use (FIU) for year-end June 2026 is at least $300 million, the highest in 3 years.
  • The company has surplus capital and flexibility for future capital management initiatives.
  • Earlypay maintains a disciplined lending approach despite challenging conditions for SMEs.
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.