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Early Pay Ltd. (ASX: EPY) reported a balanced FY25 performance, with overall Funds in Use (FIU) steady at AU$249.4 million, reflecting contrasting movements across product lines. Equipment Finance (EF) delivered standout growth, with FIU rising 33% to AU$124.2 million, supported by strong originations and expanding referrer networks. In contrast, Invoice Finance (IF) declined 10% due to client attrition and refinancing, while Trade Finance (TF) fell sharply by 72% as the company reduced exposure to higher-risk clients.
Significantly, margins strengthened, with net revenue margin improving to 13.4% and credit loss expense dropping considerably to 0.75% on the back of substantial recoveries and prudent credit management. Profit after tax increased 31% to AU$2.9 million, while underlying NPAT rose 24% to AU$5.1 million. With corporate debt repaid, improved equity buffers, and scalable funding structures in place, the company enters FY26 well-positioned for growth, focusing on risk-adjusted returns and expanded distribution through Equipment and Invoice Finance.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Aug 28, 2025
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Aug 28, 2025
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
