ASX-listed debt resolution provider Credit Clear on track to meet or beat 2025 guidance

Australian technology and debt resolution provider Credit Clear Limited have provided a business update for FY25 YTD.

Credit Clear has delivered record revenue of $11.96 million YTD in FY25, up 19% on the prior corresponding period (pcp). On an annualised run rate basis of ~$48 million, the company is on track to meet or beat its FY25 revenue guidance of $48 million – $50 million. Revenue growth was driven by existing tier-1 clients, where Credit Clear is winning more share of wallet from existing clients and building revenue from new clients.

The quality and recurring nature of tier-1 accounts is highlighted by 95% or 19 of the 20 tier-1s from FY24 continuing to contribute as tier-1s in FY25 YTD. The one client that dropped out of the tier-1 cohort is now the largest tier-2 client and is expected to return to tier-1 status in the coming months. Similarly, 86% or 38 of the 44 tier-2 clients in FY24 continue to contribute as tier-2s in FY25 YTD. New tier-2 clients include ANZ and Energy Australia which are expected to become tier-1 clients.

Credit Clear have signed 79 new clients YTD in FY25 including five potential tier-2 clients. The new business pipeline remains strong; the company is in discussions with several potential tier-1 meaningful tier-2 clients, with opportunities present in the energy, education, water, local government, and insurance sectors.

In addition, there are eight clients signed that have the potential to become tier-1 clients representing at least $8 million – $10 million in expected revenue. One of these eight clients begun contributing at tier-1 level in FY25 YTD, four of them have become tier-2 clients in FY25 YTD, two went live in September and two are being onboarded.

Credit Clear CEO and Managing Director, Andrew Smith, said, “The strong start to FY25 leaves the company well-positioned meet or beat FY25 guidance of $48 million to $50 million. Our confidence is further supported by the increasingly recurring nature of our largest clients and by the quality of clients already signed that we are still developing. We continue to manage the business with a profitable growth mantra and are maintaining our collection performance advantage over competition while continuing to invest in new client acquisition, business improvement and technology development.”