Axsesstoday Limited reported audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue from continuing operations was AUD 49,221,629 compared to AUD 21,308,161 a year ago. Profit before income tax was AUD 10,159,791 compared to AUD 5,169,841 a year ago. Profit is attributable to owners of the company was AUD 7,034,756 or 10.37 cents per diluted share compared to AUD 3,648,931 or 8.34 cents per diluted share a year ago. Net cash outflow from operating activities was AUD 158,141,328 compared to AUD 110,557,695 a year ago. Payments for property, plant and equipment was AUD 428,116 compared to AUD 616,575 a year ago. Payments for intangibles was AUD 2,280,558 compared to AUD 428,088 a year ago. Net debt increased to $292.1 million compared to $140 million at 30 June 2017 to support the growth in receivables. EBITDA increased 130% to AUD 26.3 million in line with the strong growth in net loans. EBIT increased by 129% to AUD 26.0 million, with continued operational efficiencies expected by leveraging internal technology systems

For the year 2019, group revenue is expected to increase by +80% to 100%, driven by continued net loan book growth. The revenue growth also excludes the positive impact of new sectors and new products released in the fiscal year 2019. The company is forecasting 80% growth in NPAT across fiscal year 2019 to AUD 12.5 million to AUD 13.0 million. The impact of AASB 9 has been incorporated into the NPAT guidance of AUD 12.5 million to 13.0 million.