FINWIRES · TerminalLIVE
FINWIRES

Zip Reconfirms Fiscal Year 2026 Guidance as US TTV Growth Tops 40% in April

By

-- Zip (ASX:ZIP) said momentum continued across the group in April, with US year-on-year total transaction value (TTV) growth above 40% in US dollar terms, according to a Thursday Australian bourse filing.

The company said US credit outcomes are performing in line with expectations and on track to be below 1.75% of TTV for the fiscal fourth quarter.

Zip reconfirmed fiscal year 2026 guidance, including group cash earnings before tax, depreciation, and amortization (EBTDA) of more than AU$260 million, US TTV growth of more than 40% in US dollar terms, and a group operating margin of more than 18%.

Additional guidance metrics include a group revenue margin of about 8%, group cash EBTDA as a percentage of TTV of more than 1.4%, and a group cash net transaction margin of 3.8% to 4.2%, it added.

Related Articles

Asia

Market Chatter: Indonesia Finance Minister to Activate Bond Stabilization Fund to Defend Rupiah

Indonesia's Finance Minister Purbaya Yudhi Sadewa is planning to activate a bond stabilization fund in a bid to support the rupiah and protect the bond market from global pressures, The Jakarta Globe reported Thursday.The deployment of the fund aims to steady the securities (SBN) market amid increasing yields that can lead to falling bond prices and an increased likelihood of capital losses, the report said.By using the fund, the size of which has not been disclosed, to acquire SBN in the secondary market as required, the government can reportedly boost market confidence and control foreign outflows.The program will be under full control of the Finance Ministry, Purbaya said and The Jakarta Globe reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^JKSE
Asia

Value of Offshore M&As by Chinese Companies in Q1 Rises to Highest Since 2020, Think Tank Says

Overseas mergers and acquisitions by Chinese companies surged the fastest in five years during the first quarter, according to data from think tank Rhodium Group.In the first quarter, offshore M&A reached $9.6 billion, increasing for the fifth straight quarter to the highest quarterly value since the last quarter of 2020, the group said.The quarter's largest transaction was the purchase of Canadian miner Allied Gold by Zijing Mining (SHA:601899, HKG:2899) unit Zijin Gold International's (HKG:2259) for CA$5.5 billion, the think tank said.

$^SSEC$^SZSE
Asia

Market Chatter: Four Indonesian Banks Integrate Apps with Chinese Digital Payment Platforms

Several large Indonesian banks integrated their mobile banking services with China's digital payment platforms to ensure ease of payments for travelers to China, The Jakarta Globe reported Friday.Bank Rakyat Indonesia (IDX: BBRI), Bank Negara Indonesia (IDX:BBNI), PT Bank Mandiri (Persero) (IDX:BMRI), and Bank Central Asia (IDX:BBCA) integrated cross-border QRIS services into their apps to facilitate the transactions.The connection with Alipay, UnionPay, and Weixin Pay, and others will eliminate the need for Indonesian travelers to convert and carry US dollars by allowing direct payments in rupiah using QRIS.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$IDX:BBCA$IDX:BBNI$IDX:BBRI$IDX:BMRI