How Did QuickFee Limited (ASX:QFE) Reach Positive Profitability After Restructuring?

Sonal Goyal

26 October 2026 09:00 PM AEDT

How Did QuickFee Limited (ASX:QFE) Reach Positive Profitability After Restructuring?

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Highlights

QuickFee Limited (ASX:QFE) recorded FY26 underlying Revenue of AUD 16.8mn on its normalised comparison basis.
EBTDA before significant items increased 58% to AUD 3.8mn.
The company forecast FY27 EBTDA of AUD 4.5mn–5.5mn.

QuickFee Limited (ASX:QFE) provides financing and payment solutions mainly to accounting and legal firms and their customers. Its FY26 Earnings release, dated 21 August 2026, explained changes in the Business following the sale of US Pay Now activities. The reported profit figures include both ongoing operations and material transaction-related effects.

Underlying Earnings Versus Statutory Profit

The company reported underlying revenue of AUD 16.8mn, down 1% on its normalised comparable measure excluding US Pay Now. EBTDA excluding the disposal profit reached AUD 3.8mn, up 58% YoY. Management described maiden positive NPAT of AUD 3.7mn excluding the profit on sale. Reported statutory profit for the period was AUD 39.3mn, heavily influenced by a separate AUD 35.6mn gain on the US business disposal. These two profit bases should not be used interchangeably.

Sale of US Pay Now and Cost Changes

QuickFee Limited (ASX:QFE) completed the sale of its US Pay Now operation in September 2025 for USD 26.35mn. The restructuring reduced the operating cost base, with FY26 operating expenses down 45% YoY. Total reported revenue, including the change in business perimeter, declined to AUD 18.4mn from AUD 25.3mn. Australian revenue increased 10% to AUD 13.6mn, while United States revenue reduced to AUD 4.8mn from AUD 12.9mn.

Dividends and Capital Return

The company returned AUD 28.5mn of capital at 7.5 cents per share following the divestment. It also described an interim unfranked Dividend of 0.5 cents and a proposed final unfranked dividend of 0.5 cents, totalling 1.0 cent for FY26. A possible further Special Dividend of up to 1.0 cent in late 2026 was conditional on receipt of escrowed sale proceeds and had not yet become a confirmed distribution in the announcement.

Lending Products and Funding Capacity

Its fee-funding services permit professional-services clients to spread invoice payments over instalments while the professional firm receives payment upfront. In Australia, the legal disbursement product provides funding to qualifying law firms for matter-related expenditure. The company said its Australian Credit Facility was increased from AUD 45mn to AUD 60mn, providing capacity for further loan-book growth.

FY27 Outlook and Risks

Management forecast FY27 EBTDA between AUD 4.5mn and AUD 5.5mn, citing expected momentum in the Australian operation and the integration of a US financing solution with a payments partner. The outlook remains company guidance, not a result. Potential variables include lending demand, credit losses, integration milestones, funding conditions and the timing of Escrow receipts.

Key Takeaways

FY26 showed higher earnings on the continuing adjusted basis and a major reported profit contribution from a disposal. Both components are material, but they measure different economic events. The company also outlined an amended capital-return policy and prospective FY27 performance range.

FAQs

Q: What was reported EBTDA before significant items?

A: AUD 3.8mn.

Q: Why was statutory profit much higher?

A: It included an AUD 35.6mn gain from the US Pay Now sale.

Q: What FY27 EBTDA range did the company issue?

A: AUD 4.5mn–5.5mn.

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