Zip Co Limited reported positive net cash from operating activities of $65.2 million for the quarter ended June 30, 2024.
The company's cash and cash equivalents increased to $353 million, with $231.6 million in restricted cash.
Zip refinanced and repaid several facilities, including completing a $300 million rated note issuance and a new $300 million warehouse facility.
The company has total financing facilities of $2.78 billion, with $353.1 million unused at quarter end.
Zip fully repaid its corporate debt facility post-quarter end through an equity raise.
ASX Code: ZIP