Smartpay Holdings interim financial results

Smartpay Holdings (ASX:SMP) has released its interim results for the first half of the fiscal year ending 30 September 2024. The company reported a revenue increase to $50.8 million, up from $46.9 million in the previous year. EBITDA was slightly down at $8.8 million compared to $9.6 million for the same period last year. Smartpay is concentrating on expanding its market share in Australia and New Zealand.

Summary of financial and strategic goals

Smartpay Holdings has shown a positive revenue growth in its interim results for the first half of the fiscal year, with $50.8 million reported. Despite a slight decrease in EBITDA to $8.8 million, the company is committed to its strategic goals of expanding in Australia and New Zealand. The focus is on maturing their Australian business, preparing the New Zealand business for launch, and delivering additional solutions. Smartpay is also preparing for potential regulatory changes in the payments landscape. The company's strategic initiatives include leveraging 'white-label' agreements to enhance their service offerings, with an emphasis on maintaining a balance between revenue growth and operational efficiency.

Executive commentary on financial performance

Our strategic focus remains on expanding our footprint in Australia and New Zealand, enhancing customer growth and retention, and building our brand presence. We are investing significantly in technology and resources to support this expansion.