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QuickFee Limited (ASX:QFE)

ALERT: Price-sensitive ASX Announcement for QFE
Current share price for QFE : $0.080 0.002 (2.56%)+
Announcement
Release
21 Aug 2026 8:01AM
Price at Release
$0.078
Full Release
download
Summary
QuickFee Limited's Annual Report for FY26 details a notable year of strategic transition and financial milestones. The company recorded a significant profit of A$35.6 million from the sale of its US 'Pay Now' products to Aiwyn, Inc., which also resulted in a 45% reduction in operating expenses. This divestment shifted QuickFee's focus back to its core finance operations, where it delivered an EBTDA of A$3.8 million, marking a 58% increase from the previous fiscal year. Australian operations showed strong growth with a 10% revenue increase, while US operations faced challenges with a decrease in revenue following the sale, but maintained potential through a reseller agreement with Aiwyn. The company also expanded its credit facilities and revised its capital management policy to include dividend distributions. Overall, QuickFee returned to profits with a net profit after tax of A$3.7 million, and continued its focus on leveraging its scalable business model to support growth in both Australia and the US.
Key Points
  • Sale of US 'Pay Now' products for A$35.6 million profit
  • 45% reduction in operating expenses
  • Focus shifted to core finance operations
  • EBTDA increased by 58% to A$3.8 million
  • Australian revenue increased by 10%
  • US operations decreased in revenue
  • Established reseller agreement with Aiwyn
  • Expansion of credit facilities from A$45 million to A$60 million
  • Revised capital management policy to include dividends
  • Returned to profit with a net profit after tax of A$3.7 million
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.