Zip Co Limited reported financial results for FY24, with Group cash EBTDA up 243.2% to $69.0m and revenue increasing 28.2% to $868.0m.
The company achieved record performance in both its Americas and ANZ segments, with Americas delivering a 420.0% increase in Cash EBTDA and ANZ showing a 137.4% rise.
Zip strengthened its balance sheet by extinguishing convertible notes, executing an equity placement to repay corporate debt, and successfully refinancing $2.4 billion of funding.
The company launched new products, including Zip Plus in Australia and a 'Pay-in-8' pilot in the US, while focusing on operational excellence and sustainability initiatives.
ASX Code: ZIP