QuickFee delivers maiden positive NPAT as simplified model drives FY26 profitability
QuickFee Limited (ASX: QFE) reported its financial results for the year ended 30 June 2026, delivering a maiden positive net profit after tax (NPAT) of $3.7 million, excluding the profit on sale of its US Pay Now business. Earnings before tax, depreciation and amortisation (EBTDA) reached $3.8 million, up 58% on the prior corresponding period, with a total FY26 dividend of 1cps announced.
The result marked a turning point shaped by the divestment of US Pay Now, a materially lower cost base and a return to profitability on core operations. Management paired the FY26 outcome with FY27 EBTDA guidance of A$4.5 million to A$5.5 million, signalling continued growth momentum.
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FY26 financial results at a glance
QuickFee’s FY26 performance reflected a deliberate reshaping of the business, with a lower revenue base offset by stronger margins and a return to positive earnings.
| Metric (A$M) | FY26 | FY25 | Movement |
|---|---|---|---|
| Revenue – Australia | 13.6 | 12.4 | Up 10% |
| Revenue – USA | 4.8 | 12.9 | Down 63% |
| Total Revenue | 18.4 | 25.3 | Down 27% |
| EBTDA before significant items | 3.8 | 2.4 | Up 58% |
| Profit/(loss) before tax & significant items | 1.2 | (0.9) | Up $2.1M |
| Profit on sale of US Pay Now | 35.6 | – | Up $35.6M |
| Profit for the period | 10.4 | (1.3) | Up 11.7 cps |
| Basic & diluted EPS (cents) | 0.5 | (1.3) | Up 0.5 cps |
Beneath the headline figures, the underlying operating trends pointed to a stable, higher-margin business:
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Underlying revenue of A$16.8 million, down just 1% on normalised pcp (excluding US Pay Now)
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Net interest margin (NIM) strengthened to 15.3%
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Total operating expenses down 45% on pcp
The reported 27% decline in total revenue was a deliberate outcome of divesting US Pay Now rather than a deterioration in trading. The story for FY26 centred on profitability and cost discipline, with the core business generating positive earnings on a stable underlying revenue base.
A simpler, leaner business after the US Pay Now sale
The most significant structural change during the year was the sale of the US Pay Now business, which comprised the ACH, Card and Connect products, for US$26.35 million. The transaction completed on 9 September 2025, with the profit on sale recorded as A$35.6 million.
The buyer was Aiwyn, a relationship that also forms the basis of QuickFee’s future US growth channel. Following the sale, the company returned capital to shareholders of 7.5cps (A$28.5 million) and reduced total operating expenses by 45% on the prior period.
The divestment left QuickFee with a structurally lower cost base, minimal capital expenditure requirements and profitable core operations across both Australia and the US.
Dale Smorgon, Chairman
“Over the past year, we have simplified the business model, through the sale of our US Pay Now business, and I am pleased to report improved profitability on our core operations on a stable revenue base. Our operating expenses reduced by 45% year-on-year, EBTDA was up 58% and we delivered a positive NPAT of $3.7 million, excluding the profit on sale of the US Pay Now business of $35.6 million.”
Capital returns and dividend detail
QuickFee set out a defined shareholder-return framework alongside its FY26 results, sequencing capital returns across the year and into late 2026:
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Capital management and dividend policy announced 3 December 2025
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Interim dividend of 0.5cps paid
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Final unfranked dividend of 0.5cps proposed, taking the total FY26 dividend to 1cps
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Special dividend of up to 1cps expected in late 2026, following receipt of escrowed funds from Aiwyn
The final dividend is unfranked. Taken together, the capital management measures point to a defined shareholder-return framework following the divestment.
Understanding QuickFee’s fee-funding model
QuickFee operates a business-to-business (B2B) fee-funding model for accounting and legal firms across Australia and the United States. The business helps professional service firms get paid faster, while offering their clients flexible ways to settle invoices over time. Two core products underpin the model.
Fee Funding (FF)
Under Fee Funding, clients of accounting and legal firms can pay their invoices over 3, 6, 9 or 12 months, while the firm is paid in full within three business days at no cost to the firm. QuickFee earns revenue from the interest paid by those clients over the life of the payment plan.
Legal Disbursement Funding (DF) – Australia only
Legal Disbursement Funding provides cashflow for personal injury and estate law firms to cover disbursements during a client’s matter. Interest is calculated daily and compounds monthly, with the loan principal and accrued interest repayable on the earlier of when the matter settles or 36 months. Each loan agreement sits directly with the firm.
Across both products, revenue is recognised over the life of the loan term. Loan book growth in any period therefore builds recurring revenue in current and future periods.
FY27 outlook and growth drivers
QuickFee guided to FY27 EBTDA in the range of A$4.5 million to A$5.5 million, implying continued year-on-year growth on the FY26 base of $3.8 million. Management expects the strong momentum in the Australian business to continue, led by the disbursement funding loan book.
The disbursement funding book had already signalled this trajectory before full-year results were reported, with the Q4 FY26 originations update recording a 134% surge in legal disbursement funding TTV after QuickFee signed several major personal injury law firms.
To support that growth, the company’s AUD credit facility was expanded from A$45 million to A$60 million, providing additional capacity for loan book expansion. In the US, QuickFee expects solid growth potential in H2 FY27, following the integration of the QuickFee Finance solution into the Aiwyn payment platform, anticipated in December 2026, via the Aiwyn reseller channel.
Dale Smorgon, Chairman
“The Australian business continues to perform well and we see further growth potential particularly through the disbursement funding loan book. In addition, we remain optimistic on the growth potential in the US market, through the Aiwyn reseller channel, following the integration of our payments solution into their payments portal in December 2026.”
Why FY26 matters for the investment case
FY26 established a new operating baseline for QuickFee, combining maiden profitability with a structurally lower cost base, minimal capex, profitable operations across both Australia and the US, a defined dividend framework and a clear FY27 growth roadmap. The year repositioned the company from a broader, higher-cost structure to a leaner, margin-focused model.
Key investment highlights from the result include:
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Maiden positive NPAT of $3.7 million on a stable underlying revenue base, with EBTDA up 58%
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A structurally lower cost base and defined shareholder returns, including a 1cps FY26 dividend and a potential special dividend of up to 1cps in late 2026
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FY27 EBTDA guidance of A$4.5 million to A$5.5 million, underpinned by the expanded credit facility and the anticipated Aiwyn integration
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