From 3Q20, Increased active customers, transaction volumes and...

From 3Q20, Increased active customers, transaction volumes and Net loss / average net receivables of 3.9% as well
When one customer cannot pay it back, it may need profits from 20 - 50 customers. Supposed in Apr was HY dividend due. Now scheduled to Sep which meant the cash is tightened


Based on unaudited management accounts at the close of 3Q20, flexigroup had recorded:
• An 11% increase in active customers to 1.89 million (compared to pcp)
• An 18% increase in transaction volumes on continuing products compared to pcp3 – noting that
significant action has been taken by management to consolidate the brand and product offering
under the transformation strategy
• A 5% increase in receivables to $2.77 billion4
3 Excluding Consumer Leasing, Once and Lombard which have ceased. Transaction volume up 0.6% if discontinued products
are included in the comparison.
4 Excluding Consumer Leasing which has ceased.
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• Net loss / average net receivables of 3.9%, up 10bps on pcp4 and also reflects a seasonal increase
historically experienced during the March quarter
• A 12% increase in merchant partners (now 71,000),