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N1 Holdings Limited (ASX:N1H)

ALERT: Price-sensitive ASX Announcement for N1H
Current share price for N1H : $0.080 -0.02 (-20%)+
Announcement
Release
23 Apr 2026 12:48PM
Price at Release
$0.100
Full Release
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Summary
N1 Holdings Limited experienced a successful March 2026 quarter with record settlement volumes leading to strong financial performance, despite challenging conditions due to interest rate hikes and global uncertainties. The company's disciplined execution and focus on operational efficiency supported revenue growth and maintained strategic lending practices. The SME lending business emerged as a significant revenue driver, contributing 95% to total cash receipts. Although net cash outflow was reported, when adjusted for commercial lending activities, the company realized a net cash inflow. Operational efficiencies were enhanced through AI initiatives, and the company maintained a healthy cash balance, continuing its position as a leading private credit lender in the Australian SMEs sector.
Key Points
  • Record settlement volumes achieved in the March 2026 quarter, driving strong performance across revenue, net profit, and cash receipts.
  • The company maintained a consistent origination strategy despite challenging market conditions marked by interest rate increases and geopolitical uncertainty.
  • Net profit for FYTD before income tax was approximately $1,351,000 (unaudited) with EBITDA of $1,582,000 (unaudited).
  • Revenue for FYTD was $15.96 million (unaudited), an 8.87% increase from the previous year.
  • Significant contributions from the SME lending business, which accounted for 95% of total cash receipts.
  • Net cash outflow from operating activities for Q3 FY26 was $25.95 million, adjusted to an inflow of $1.98 million excluding commercial lending activities.
  • Cash balance at the end of the quarter was $8.89 million.
  • Operational costs remained stable, supported by AI initiatives improving efficiency and scalability.
  • The company is positioned as a property-backed private credit lender in the Australian SMEs sector, with unique competitive advantages.
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.