Debt resolution company Credit Clear delivers record October month of over $4.2 million in revenue

ASX-listed debt resolution leader Credit Clear have delivered a record month in October 2024 of $4.29 million in revenue, up 23% prior corresponding period (PCP).

Year to date (YTD) the company’s revenue is 20% up PCP to $16.3 million and gross profit margins have expanded from 53% in FY24 to 56% YTD in FY25.

YTD revenue run rate of ~$48.8 million, with expectations of a materially stronger 2H25 (~10% uplift), driven by already onboarded clients that are being developed as well as the onboarding of new clients, places the Company on track to achieve or potentially exceed its FY25 guidance of $48 – $50 million in revenue and +$7 million in Underlying EBITDA after the first four months of the financial year.

Commenting on the result, Credit Clear CEO and MD Andrew Smith (pictured) said, “Credit Clear in the past year has demonstrated that it can be a dominant force in the Australian debt resolution industry. Our strategy, to target and win Australia’s largest companies in each of our identified industry segments, is working. The validation achieved, revenue and profitability of these clients, once onboarded and developed, is becoming evident.

“We have achieved a dominant position in the insurance industry, where material growth can now be achieved as a result of our competitive advantage and industry insights. Energy and telecommunications are quickly emerging as industries in which we have a clear pathway to become dominant, with several potential tier-1 already won, while financial services, healthcare and education are all sectors that we have made our first big step into infiltrating. The business has gone from strength to strength following the transformational acquisition of ARMA Group, turning the business operationally cash flow positive and continuing to invest in the research and development of our technology.”