Key Highlights

  • Klevo Rewards (ASX:KLV) is trading at AUD$0.083 during the 13 August 2026 session following an operational update covering July activity.
  • Wholly owned subsidiary Fly Wallet recorded approximately AUD$19.0 million in revenue, AUD$278,000 in Gross Profit and AUD$167,000 in operating profit during July.
  • Around AUD$17.8 million of the month's trading income was associated with a Stablecoin trial, with the company noting that the trial volumes should not be treated as an indicator of future activity.
  • Klevo completed acquisitions of Just Ask Solar and Asfin Funds Management and is preparing for the broader rollout of its Klevo Advance Credit product.

Klevo Rewards (ASX:KLV) is trading at AUD$0.083, up nearly 10% during the 13 August session as investors assess the company's latest monthly performance update. The announcement, released on 12 August, covered July financial results, recent acquisitions and the company's expanding payments and credit platform.

Fly Wallet Pty Ltd, Klevo's wholly owned subsidiary, reported approximately AUD$19.0 million in July revenue. Gross profit was AUD$278,000, while operating profit reached AUD$167,000 before non-operating foreign exchange and Revaluation items.

The July figures were accompanied by the company's continued rollout of stablecoin functionality and preparations for the broader launch of Klevo Advance.

Fly Wallet Records July Operating Profit

Fly Wallet generated total trading income of AUD$18.995 million during July. Approximately AUD$17.8 million was attributed to stablecoin sales connected with the company's trial.

The company said the reported stablecoin Revenue represents cash proceeds received and settled with Mastercard after conversion of the stablecoin into fiat currency. It also stated that the net financial impact of the trial was nominal because of initial implementation, technology, compliance and operational costs.

The resulting gross profit of AUD$278,000 equated to a Margin of approximately 1.5%, with the company noting that the figure reflected pass-through costs associated with the stablecoin trial.

Stablecoin Activity Moves Toward Commercial Rollout

Klevo has started the commercial rollout of its stablecoin offering following the trial. However, management has cautioned that the volumes recorded during the initial trial should not be regarded as a reliable indication of future activity once the platform is fully integrated.

Future margins will depend on transaction volumes, pricing, operating costs and the scale of commercial adoption.

The distinction between trial revenue and underlying profitability is therefore relevant to the July figures. The company's AUD$167,000 operating profit relates to core operations and excludes non-cash unrealised foreign exchange and bank revaluation items.

Acquisitions Expand Licensed Footprint

During July, Klevo completed two acquisitions: Just Ask Solar Pty Ltd, which holds Australian Credit Licence No. 483627, and Asfin Funds Management Pty Ltd, which holds Australian Financial Services Licence No. 535976.

The transactions expand the group's licensed operating footprint ahead of the wider rollout of Klevo Advance, described as a credit product designed for commission-based professionals.

The acquisitions add regulated financial-services capabilities to Klevo's existing rewards, loyalty and payments technology operations.

Klevo Advance Forms Part of Broader Platform Strategy

Klevo is positioning its platform across rewards, payments, loyalty and digital financial services. Following the integration of Fly Wallet, the company has expanded into white-labelled Mastercard-powered loyalty solutions, Digital Wallet infrastructure, card-linked rewards and customer engagement services.

Klevo Advance represents another component of this strategy, with the recently completed acquisitions providing additional licensed infrastructure ahead of its broader rollout.

The company continues to focus on commercial partnerships, technology development and compliance capabilities across the payments and rewards ecosystem.

Corporate Changes Also Underway

Klevo issued a Notice of Extraordinary General Meeting on 21 July proposing a 10-to-1 consolidation of its Issued Capital and a change of company name to Klevo Group Limited.

The meeting is scheduled for 21 August 2026. The proposed changes form part of the company's broader corporate development as its Business expands across payments, financial services and loyalty technology.

The July financial figures remain unaudited and relate specifically to Fly Wallet on a standalone basis. Consolidated group financial results remain subject to the company's regular financial reporting and audit processes.

Conclusion

Klevo Rewards (ASX:KLV) enters the 13 August Trading session with its share performance occurring alongside a July update that highlights both higher transaction activity and the changing composition of its business. Fly Wallet generated approximately AUD$19.0 million of revenue and AUD$167,000 of operating profit during the month, although a large portion of trading income was linked to an initial stablecoin trial that Klevo does not regard as representative of future volumes. Meanwhile, the acquisitions of Just Ask Solar and Asfin Funds Management expand the group's licensed footprint ahead of Klevo Advance, while the proposed corporate consolidation and name change remain subject to Shareholder consideration.