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QuickFee Limited (ASX:QFE)

ALERT: Price-sensitive ASX Announcement for QFE
Current share price for QFE : $0.070 -0.005 (-6.67%)+
Announcement
Release
24 Feb 2026 8:35AM
Price at Release
$0.075
Full Release
download
Summary
QuickFee Limited's Interim Report for H1 FY26 highlights a strategic refocus on core finance operations following the sale of its US Pay Now business for USD 26.35 million. The sale significantly improved profitability, with a profit on sale of AUD 35.6 million, resulting in a substantial increase in net profit to AUD 36.5 million for the period. The group's revenue decreased by 14% to AUD 10.1 million due to the divestment of the Pay Now business, but core operations experienced a 4% revenue growth. QuickFee's Australian operations saw an 11% revenue increase, while the US segment faced a 40% revenue decline due to the sale and weaker finance volumes. The company also reported a reduction in operating expenses by 40% and proposed an interim dividend of 0.5 cents per share. QuickFee maintains a strong liquidity position with growth capacity to support future loan book expansion.
Key Points
  • Sale of US Pay Now business for USD 26.35 million.
  • Profit on sale of AUD 35.6 million.
  • Net profit for the period was AUD 36.5 million.
  • Group revenue decreased by 14% to AUD 10.1 million.
  • Australian operations revenue increased by 11%.
  • US segment revenue declined by 40%.
  • Operating expenses reduced by 40%.
  • Proposed interim dividend of 0.5 cents per share.
  • Strong liquidity position with growth capacity.
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.