Broker Data - ZIP, page-126

Just some interesting metrics, following today's update. The sell off was too much and expect a rebound tomorrow.
Expect analysts to take note and re-rate ZIP.

				Q2 FY25	Q1 FY25		H1 FY25	FY24	Notes
1	AUD	$M	Cash EBTDA	35.3	31.7		67	69	1
2	AUD	$M	TTV	3433.1	2814.4		6247.5	10051.1	2
3	AUD	$M	Revenue	269.4	239.9		509.3	868.0	3
4	AUD	$M	Cash	527	341.5		527.0	353.0	4
5	AUD	$M	Cash Available	195.5	147		195.5	80.4	5
6	AUD	$M	Operating Cash Flow	48.6	10.4		59.0
7	AUD	$M	Active customers	6.34	6.08		6.34	6.01	6
8			Bad debts %	1.53%	1.59%		1.56%	1.68%	7

1 Cash EBTDA for H1 FY25 almost equal to entire FY24 - huge turnaround (more profitable business)
2 TTV accelerating 24% YoY
3 Revenue accelerating 17% YoY
4 Cash up $174M from 30 June 2024 ($59M is operating cash flow which fluctuates due to working capital or $67M is due to a profitable business model)
5 Available cash is up $115M from 30 June 2024 mainly due to a profitable operating business and a placement.
6 Active customer count up 5% since 30 June 2024, hence a growing customer base (major turnaround in Q2 FY25)
7 Bad debts down 12 bps, showing a more profitable business model