Credit Clear delivers record half year revenue in excess of $23 million

Australian technology and debt resolution provider Credit Clear Limited have provide a business update for 1H25 (31 December 2024).

Credit Clear has delivered record revenue in 1H25 of $23.2 million up 16% on PCP and Underlying EBITDA of 2.9 million up 64% on PCP. The Company has strengthened its balance sheet, growing cash at bank by $0.7 million YTD to $13.8 million, enhancing its position to invest in future growth and execute on strategic acquisitions as they present.

Credit Clear have reaffirmed its FY25 guidance of $48 million – $50 million revenue and Underlying EBITDA of +$7 million with expectations of a materially stronger 2H25 (~10%) driven by existing clients ramping up as well as the onboarding of new clients.

Credit Clear CEO and MD, Andrew Smith, said, “Delivering 16% revenue growth in 1H25 is a pleasing result and ahead of the 15% delivered in 1H24. Like 2H24, we expect a material uplift in the 2H25 due to seasonality, new clients being onboarded and winning more work from existing clients. As a result, we remain confident of delivering on our revenue growth target and achieving our revenue guidance of between $48 million and $50 million. Likewise, from a profitability perspective, I’m pleased with our underlying EBITDA progress. We continue to invest in winning and onboarding new clients, systems and processes, compliance and technology. These investments have been made with long term growth profile in mind, ensuring the scalability of the business, and with a view to further expanding Credit Clear’s competitive advantage.”