Credit Clear (CCR) AGM 2024 summary

Opening remarks and agenda

• Business update provided by CEO and CFO following the AGM on 22 November 2024, focusing on profitable growth and future outlook.

Financial performance review

• Revenue run rate YTD is AUD 48.8 million, up 20% year-on-year, with October revenue at AUD 4.29 million, up 23% on the prior period.

• Gross profit margin increased to 56% from 53% last year, driven by digital collections and operational efficiency.

• On track to achieve or exceed FY25 guidance of AUD 48–50 million revenue and over AUD 7 million in underlying EBITDA, with strong cash flow and six consecutive quarters of positivity.

• Share price has risen 85% over the past 12 months, reflecting improved business performance.

Strategic initiatives and plans

• Eight new tier-1 clients signed and in development, expected to add AUD 8–10 million in revenue.

• Expansion into new industry verticals, including energy and telecommunications.

• Continued investment in technology and integration of AI and SaaS platforms, with AUD 1.2 million capitalized for FY25 to support digital collections and operational improvements.

• Strong new business pipeline with ongoing tenders for tier-1 clients.

• Acquisitions remain part of the strategy, but timing depends on local market conditions.