N1 Holdings Q1 FY25 Report Overview

N1 Holdings (ASX:N1H) has released its quarterly activity report for Q1 FY25, showing significant growth. The company achieved a net profit of approximately $555,000 and an EBITDA of $630,000. Revenue increased by 32.99% to $5.28 million compared to last year. The report highlights strong performance in the SME lending sector.

Comprehensive Summary of N1 Holdings' Quarterly Performance

N1 Holdings' Q1 FY25 report demonstrates robust financial growth, driven by strategic risk management and a strong focus on the SME lending sector. The company reported a net profit of $555,000 and EBITDA of $630,000, with revenue increasing by 32.99% compared to Q1 FY24. Despite a 13.18% decrease in cash receipts due to timing of interest payments, N1 Holdings maintained a cash balance of $9.01 million. The company focuses on lending secured by established and yield-generating properties, avoiding construction and development lending. N1 Holdings is actively managing operational expenses and marketing to enhance deal flow quality, with plans to expand funding size while balancing risk and cost. With a total lending capacity of approximately $213 million, the company is well-positioned to navigate the changing economic landscape, focusing on interest rate movements to optimize capital deployment.

Executive Commentary on Financial Performance

During this quarter, N1 Holdings recorded a net profit of approximately $555,000 and an EBITDA of $630,000, with a revenue of $5.28 million, marking a 32.99% increase compared to the same period last year.