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Zip Co Limited (ASX:ZIP)

ALERT: Price-sensitive ASX Announcement for ZIP
Current share price for ZIP : $2.645 -0.175 (-6.21%)+
Announcement
Release
19 Feb 2026 8:40AM
Price at Release
$2.820
Full Release
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Summary
Zip Co Limited's FY26 Half Year Report outlines the company's financial performance and strategic initiatives for the half year ending 31 December 2025. The report highlights a significant increase in total income by 29.2% compared to the previous year, reaching $664 million. This growth was driven by strong customer engagement and an increase in transaction volumes. The company also saw improvements in its cash gross profit and a reduction in bad debt provision. Strategic initiatives included expanding the Pay-in-Z platform, advancing product innovation, and scaling the use of AI across the group. Zip Co also focused on capital management, resulting in a $100 million on-market equity share buyback and improved funding facilities. The report emphasizes the company's commitment to growth and innovation in its core markets of ANZ and the USA.
Key Points
  • Total income increased by 29.2% to $664 million.
  • Significant growth in customer engagement and transaction volumes.
  • Improved cash gross profit and reduced bad debt provision.
  • Expansion of Pay-in-Z platform and product innovation.
  • Strategic focus on capital management with a $100 million share buyback.
  • Continued investment in technology and risk management platforms.
  • Enhanced funding facilities with lower margins to support growth.
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.