Ann: QuickFee Q4 FY25 Business Update & FY25 Earnings Guidance, page-2

Looking at the numbers in the presentation and commentary, I have an accounting question. Presumably some or all of the revenue applicable to the doubtful debt AUD 3.3m would have been counted in revenues for FY 25 and maybe FY 24. Do they disregard any revenue in the current FY25 in the revenue figures? Or is the revenue in those figures then it is then taken as a hit as a financing expense? In other words are those revenue figures currently ‘pumped up’ by the AUD 3.3m?

On the question of whether they get a good offer for the US business, the debt issue might indicate some of the issues of trying to run a business in the ups from Australia. For an acquirer, the business has a lot of potential particularly for a US investor with deep pockets and able to finance the growth of the business to significantly higher scale quickly.

And then what remains really fits within one of the other similar Australian ‘niche’ finance businesses.

Any thoughts from others?