Pushpay Holdings Limited (NZSX:PPH, ASX:PPH) announces its financial results for the six months ended 30 September 2022 (1H23) and its 2023 Interim Report.
The Company delivered increases in revenue and Total Processing Volume over the half year period, however net new Customer growth was slower than anticipated as the majority of the go-to-market strategy reset was completed.
Operating revenue of US$103.0 million was up 10% on prior comparable period (pcp) with Underlying EBITDAF of US$26.8 million, down 10% on pcp.
Total Processing Volume increased to US$3.6 billion, up 2% on pcp, and Customer numbers increased to 14,602 Customers (+4% compared to 30 September 2021).
Pushpay also announced a Scheme Implementation Agreement for the Sixth Street and BGH Capital Consortium to acquire all of Pushpay's shares at a price of NZ$1.34 per share.
The Board (Non-Conflicted Directors) unanimously recommends that shareholders vote in favour of the Scheme.
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