Ann: FY21 Results Announcement, page-42

Its all about whats left over not how much sales, sales doesn't mean anything if your expenses are high

But its statutory loss ballooned to A$159.4 million ($115.66 million) from A$22.9 million a year earlier, This is a 6 fold increase of losses from the previous year. The sector will never make money if it relies on BNPL, this is why APT merged and are relying on other ways to make money, they are lucky they got this merger or take over from square.

ZIP also made double the loss to around 106 million