Highlights

  • Credit Clear (ASX:CCR) reported Revenue of A$60.1 million in FY2026, continuing a multi-year growth trend.
  • The company recorded Net Income in both FY2025 and FY2026 after losses in the preceding two years.
  • Recent corporate activity included the issue of shares following the vesting of employee incentive rights.
  • FY2027 trading, profitability and potential dilution from incentive plans remain key areas to monitor.

Few ASX small caps have shifted from losses to profitability as clearly as Credit Clear (ASX:CCR) appears to have done. The receivables technology group, which listed in October 2020, has increased revenue in each of the last four reported years and moved from a sizeable loss in FY2023 to reported net income in both FY2025 and FY2026.

That improving Earnings profile puts attention on whether Credit Clear can maintain its revenue growth and profitability as it moves further into FY2027.

Latest Development

In early September 2026, Credit Clear applied for Quotation of 5,650,183 ordinary fully paid shares issued in connection with vested employee incentive rights, alongside a cleansing notice.

The issue came in two tranches: 2,309,423 shares at A$0.24075 from vested FY2025 long-term and short-term incentive rights, and 3,340,760 shares at A$0.21660 from vested FY2026 short-term incentive rights. Both went to an employee share trust for cash consideration and were then transferred to employees. Changes to directors' interests were disclosed shortly afterwards.

Company Overview

Credit Clear is classified under information technology, within the software and services industry group, and is headquartered in Alexandria, New South Wales.

The company operates in receivables management, supplying digital communication channels and workflow technology through which client organisations contact customers about overdue accounts. It also provides collections management and commercial legal services for corporate and government clients.

Recent Developments

The FY2026 revenue increase to A$60.1 million was the largest single-year increase across the four years of reported data reviewed, while the company remained profitable at the net income level.

The result extends a broader improvement in financial performance, with revenue increasing each year since FY2023 and reported earnings moving into positive territory over the past two financial years.

Financial and Operational Position

Revenue increased from A$35.0 million in FY2023 to A$42.0 million in FY2024, A$46.9 million in FY2025 and A$60.1 million in FY2026.

The earnings trajectory improved over the same period. Credit Clear recorded net losses of A$11.1 million in FY2023 and A$4.5 million in FY2024 before reporting net income of A$3.5 million in FY2025 and A$4.3 million in FY2026.

Earnings per share were recorded at 0.737 cents on roughly 503.3 million shares outstanding. Credit Clear has not paid a dividend.

What Investors May Watch Next

The FY2026 Annual Report and commentary on FY2027 trading are important areas to monitor, particularly whether the recent pace of revenue growth can be maintained.

With two consecutive profitable years recorded, Capital allocation may also become more relevant. Investors may watch whether cash is directed toward reinvestment, acquisitions or other strategic initiatives.

The pace of future share issuance under employee incentive arrangements is another consideration because successive conversions can increase the number of securities on issue.

Risks

Receivables management revenue depends on client contracts that can be lost, renewed or re-tendered, while activity levels can also be influenced by arrears trends across the wider economy.

Regulatory scrutiny of Debt collection practices remains a standing exposure for the industry. Credit Clear's profit base is also still relatively modest in absolute terms, meaning changes in operating costs or revenue growth can have a material effect on earnings.

Additional shares issued under employee incentive arrangements may also dilute existing shareholders over time.

Key Takeaways

Credit Clear (ASX:CCR) enters FY2027 with four consecutive years of revenue growth and two profitable financial years behind it. Revenue increased to A$60.1 million in FY2026, while net income reached A$4.3 million.

The next phase will depend on whether Credit Clear can sustain revenue growth while protecting profitability. FY2027 trading, contract retention, cost management and the impact of future incentive-related share issuance are likely to remain central to the company's outlook.