QuickFee closes FY26 with 40% jump in Australian loan originations and expanded debt facility
In its Q4 FY26 quarterly business update for the period ended 30 June 2026, QuickFee Limited (ASX: QFE) reported Australian Finance total transaction value (TTV) up 40% on the prior corresponding period (pcp) to A$25.1 million, supported by an expanded Australian dollar debt facility. Quarterly revenue of A$4.4 million was in line with normalised pcp, which excludes the disposed US Pay Now business.
For the full year, QuickFee recorded normalised revenue of A$16.8 million (down 1% on normalised pcp) and confirmed FY26 EBTDA guidance of A$3.75 million to A$4.25 million. The company flagged an expected final dividend of 0.5 cents per share and a positive outlook for FY27.
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Q4 FY26 and full-year performance at a glance
The following snapshot compares quarterly revenue and volume metrics against the prior corresponding period.
| Metric | Q4 FY26 | Q4 FY25 | Movement |
|---|---|---|---|
| AU Finance revenue | A$3.3M | A$2.9M | +14% |
| US Finance revenue | US$0.5M | US$0.7M | -29% |
| AU Finance TTV | A$25.1M | A$17.9M | +40% |
| Group revenue vs normalised pcp | A$4.4M | A$4.4M | Flat |
Full-year FY26 figures reinforced the divergence between the Australian and US businesses:
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FY26 AU Finance revenue up 11% to A$12.1M
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FY26 US Finance revenue down 30% to US$2.1M
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FY26 normalised group revenue of A$16.8M (down 1% on normalised pcp)
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Full-year net interest margin (NIM) of 15.3%, up steadily from 14.6% in FY25
The improving NIM reflects QuickFee’s positioning in the high-margin, B2B fee-funding industry for the accounting and legal professions across Australia and the United States.
Australian growth engine driven by legal disbursement funding
The standout result for the quarter came from Australia, where legal disbursement funding (DF) TTV rose 134% on pcp to A$7.5 million. Management attributed the strong DF origination growth to recent signings of several major personal injury law firms, including two $50 million+ revenue firms.
Key Australian operational metrics for the quarter included:
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AU Finance Plans up 213% to 7,127, driven by the higher volume and smaller value of DF plans relative to fee funding
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AU active firms stable at 493
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Fee Funding TTV up 20% to A$17.6M
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DF TTV up 134% to A$7.5M
Because DF revenue is typically recognised over a period of up to three years, the strong Q4 FY26 originations are expected to seed revenue growth into FY27 and beyond. New originations of Buy Now, Pay Later (BNPL) loans have been discontinued, with the existing book running off and expected to be materially cleared by December 2026.
What is legal disbursement funding?
Legal disbursement funding provides cashflow for personal injury and estate law firms to fund disbursements, such as medico-legal costs, incurred on client matters during the course of each case.
The key mechanics include:
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Each loan agreement is directly with the firm, which avoids any consumer credit implications
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Interest is calculated daily and compounds monthly
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The loan principal and accrued interest are repaid on the earlier of when a client matter settles or 36 months from funding
For investors, the significance lies in the revenue recognition model. Revenue is recognised over the life of the loan term, independent of new originations, creating a recurring, annuity-like revenue base that carries forward regardless of quarterly origination volumes.
US business repositions for growth via Aiwyn reseller channel
The US segment recorded softer results, with US Finance revenue down 29% on pcp to US$0.5 million and Finance TTV down 8% to US$4.4 million. US Finance plans decreased 10% to 538, while US active Finance firms fell 8% to 156.
In September 2025, QuickFee established a reseller agreement with Aiwyn, the organisation that purchased QuickFee’s US Pay Now business. This reseller agreement creates the opportunity to offer QuickFee’s Finance product to Aiwyn’s customers, which include approximately 300 of the CPA firms’ ‘Top 500’.
Aiwyn has now advised that it expects to embed QuickFee’s US Finance offering into its payment solutions by 31 December 2026, deferred from the previously planned June 2026 timeline. QuickFee is now focused on promoting new firm sign-ups through the Aiwyn reseller channel alongside a new incentive structure for the Aiwyn sales team.
QuickFee maintains three employees in the US and reports negligible product development and capital expenditure requirements there, which management said significantly improves the profitability and scalability of the US operations. The deferred integration pushes the US revenue ramp into FY27, while the low cost base leaves scope for operating leverage should adoption scale.
Balance sheet strengthened with expanded Viola credit facility
QuickFee expanded its Australian dollar receivables-backed credit facility commitment with Viola Credit from A$45 million to A$60 million. The availability of this increase was included in the original refinancing agreement completed in June 2025 and was subject to Viola’s approval.
The additional A$15 million in headroom is intended to fund growth in the Australian Fee Funding and DF books. The company described the approval as a strong endorsement of its low-risk business model and track record of negligible credit losses across the accounting and legal verticals.
The USD facility, also with Viola Credit, currently has a US$15 million limit, with further expansion to US$30 million available subject to approval. After the AUD facility increase, QuickFee holds further global borrowing growth capacity of A$26.4 million.
Balance sheet highlights at 30 June 2026 included:
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AU loan book of A$56.5M, with approximately 47% comprising legal DF loans
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US loan book of US$6.6M
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Cash on hand and immediately available further funds totalling A$6.7M
Dividend and capital management
In December 2025, QuickFee announced an updated capital management and dividend policy to make shareholder distributions of a minimum of 1 cent per share per annum, with the intention of paying a minimum of 0.5 cents per share on both an interim and final basis for FY26.
An interim dividend of 0.5cps was paid in March 2026, and the company intends to pay a final FY26 unfranked dividend of 0.5cps. A further special dividend of approximately 1 cent per share is expected to be approved in the last quarter of 2026, following receipt of escrowed funds from the sale to Aiwyn and free cash flow generation from the business.
FY26 guidance and outlook
QuickFee provided the following unaudited guidance for the full financial year ended 30 June 2026, against FY25 reported figures.
| Metric (A$) | FY26 | FY25 reported |
|---|---|---|
| Revenue | 18.4M | 25.3M |
| Underlying EBTDA | 3.75M – 4.25M | 2.4M |
| Statutory EBTDA / (Loss) | 39.3M – 39.8M | (1.0M) |
| Reported NPAT / (Loss) | 36.5M – 37.0M | (4.3M) |
The statutory EBTDA and reported NPAT figures are boosted by the A$35.6 million profit on the sale of the US Pay Now business, while the prior-year comparatives included a one-off provision for expected credit losses. These items are non-recurring, meaning underlying EBTDA of A$3.75 million to A$4.25 million represents the operating measure. All figures shown are unaudited.
CEO commentary
Bruce Coombes, Chief Executive Officer
“QuickFee is a low-risk B2B lender for the accounting and legal professions in Australia and the US. We have a growing loan book generating high net interest margins, a strong balance sheet and a supportive lender to enable ongoing growth in our loan book, with minimal requirements for ongoing capex. Importantly both Australian and US businesses are sustainably profitable in their own right.
We continue to work closely with Aiwyn to accelerate adoption of our Finance product in the US, and we are very pleased with the positive results in our Australian DF business in Q4 FY26 and continued momentum into FY27. We remain encouraged with the organic growth potential ahead in both regions and remain open to exploring inorganic opportunities should they arise.”
The results position QuickFee with two distinct growth levers heading into FY27: momentum in Australian legal disbursement funding, where recent originations are set to feed revenue over the coming years, and potential US upside contingent on the Aiwyn integration expected by December 2026.
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