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QuickFee Limited (ASX:QFE)

ALERT: Price-sensitive ASX Announcement for QFE
Current share price for QFE : $0.071 -0.044 (-38.26%)+
Announcement
Release
29 Oct 2025 4:14PM
Price at Release
$0.115
Full Release
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Summary
QuickFee Limited has announced a significant corporate update, which includes the sale of its US Pay Now business for US$26.35 million to Aiwyn, Inc., enhancing its singular focus on the US Finance opportunity through a new reseller agreement. The company also plans to return 7.5 cents per share, approximately A$28.4 million, to shareholders, pending approval at the upcoming AGM. QuickFee has seen a 9% increase in group revenue compared to the previous corresponding period, with a positive EBTDA reported for Q1 FY26. The company operates a strong business in Australia and is leveraging its new agreement with Aiwyn to penetrate the US market further. This initiative is part of QuickFee's broader strategic focus on expanding its finance product offerings, while maintaining streamlined operations with minimal product development and capital expenditure.
Key Points
  • Sale of US Pay Now business for US$26.35 million to Aiwyn, Inc.
  • Reseller agreement with Aiwyn for US Finance product.
  • Proposed capital return of 7.5 cents per share to shareholders.
  • 9% increase in group revenue year-over-year.
  • Positive EBTDA reported for Q1 FY26.
  • Strong Australian business performance with stable growth.
  • Focus on US market expansion through reseller agreement.
  • Minimal ongoing product development and capex requirements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.