Change Financial Limited, Building on its Maiden Underlying EBITDA Positive Result
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Change Financial Limited (ASX: CCA) reported on 21 July 2026 that it is expecting to meet its upgraded FY26 revenue and Underlying EBITDA guidance and highlighted strong momentum in its Australian and New Zealand Payments as a Service (PaaS) business.Β
The company has delivered revenue of US$4.6 million and Underlying EBITDA of US$0.8 million in Q4 FY26 which took the unaudited FY26 revenue to US$18.2 million, up 21% on FY25. Unaudited Underlying EBITDA was recorded at US$3.3 million which was 17 times the prior year, thereby achieving the upgraded guidance first announced on 27 January 2026.
Change enters FY27 with record June metrics for active cards, transactions, gross transaction volume and PaaS revenue supported by existing PaaS clients, contracted customers currently onboarding and additional deals in final contracting stages. PaaS is expected to be the key driver of future growth.
At the same time the company flagged churn among legacy on premises clients using older Vertexon code, particularly in LATAM and noted that migrations of remaining Southeast Asia clients toward the Vertexon PaaS platform are creating short term revenue impacts and uncertainty around one off and legacy Vertexon income in FY27.Β
Change will not provide FY27 revenue or Underlying EBITDA guidance until visibility improves but still expects to be net cash flow positive in FY27, excluding any funds required for PaaS security deposits or future strategic initiatives.
(Source: Company Announcements)
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