ASX-listed Change Financial Limited have released an update on the company’s business activities for the quarter ended 30 September 2025 (Q1 FY26).

Key highlights include customer receipts of US$4.0 million (A$6.2 million), up 16% on prior corresponding period (pcp), and Q1 FY26 revenue of US$4.6 million (A$7.1 million), up 25% on pcp. This result was a record revenue quarter.

The company’s cash holdings as at 30 September 2025 were US$3.7 million (A$5.7 million), with no debt.

Change Financial CEO Tony Sheehan (pictured) commented, “We are very pleased with the performance of the business in Q1, delivering another record revenue quarter and a significant improvement in Underlying EBITDA, demonstrating the material operating leverage as we scale.

“We are seeing the benefits of simplifying our business and focussing on regions where we are gaining traction and winning new clients. Our sales pipeline remains robust, with opportunities progressing through all stages from early qualification to final negotiation. The strong, balanced pipeline gives us confidence in our ability to continue growing and scaling the business.

“We also continued to deliver on our product roadmap, releasing key new features and functionality for our existing and new Vertexon and PaySim clients. This increased adoption of additional products will deliver incremental revenue in future quarters. With our refined onboarding process, we are successfully shortening the timeframes with a new client live earlier this month and two more PaaS clients expected to launch in the coming months.”