tiprankstipranks
Banxa Holdings Reports Strong FY24 Financial Growth
Company Announcements

Banxa Holdings Reports Strong FY24 Financial Growth

Story Highlights

Banxa Holdings, Inc. (TSE:BNXA) has released an update.

Don't Miss our Black Friday Offers:

Banxa Holdings Inc. reported substantial growth in its FY24 financial results, with a 48% increase in Total Transaction Value (TTV) to AUD 957 million and a 67% rise in Gross Profit to AUD 28.8 million. The company’s improved efficiency and reduced operating expenses led to a significant improvement in Adjusted EBITDA, although it was still below guidance due to market challenges.

For further insights into TSE:BNXA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskBanxa Holdings Bolsters Partnerships and Products
TipRanks Canadian Auto-Generated NewsdeskBanxa Holdings Revamps Leadership for Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App