While the fintech group’s revenue increased, its EBITDA declined by 3%, to R113.8 million.
Fintech group Capital Appreciation has increased its revenue by 10%, to R611.5 million, in the six months to 30 September.
In a statement, the firm notes its two divisions attracted new clients and renewed long-term contracts, diversified their revenue sources and grew market share. While the payments segment grew EBITDA by 17.8%, the group results were adversely impacted by underutilised capacity in software, it notes. It says at the beginning of Q2 2025, the payments division secured two important multi-year contracts. These have not significantly benefited the interim financial results, and will start contributing to earnings in H2 2025 and beyond, Capital Appreciation explains.
There has been a substantial increase in deferred revenue from long-term contracts for which the money has already been received, but only a portion has been recognised in the reporting period, Capital Appreciation reveals.
Fintech Bradley Sacks Dariel Software Synthesis Software Payments
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment property: Aim for capital growthBreaking Stories
Read more »
EFF says R2.6bn extra spent on printing matric exam papers promotes ‘white capital control’The EFF says increasing expenditure on exam printing from R1 billion to R3.6 billion was unnecessary, and the DA's reasoning was 'flimsy'.
Read more »
Govt expect capital investment for infrastructure to increase - SABC News - Breaking news, special reports,Government says additional capital investment for infrastructure projects will increase to more than R500 billion. This follows the allocation of an
Read more »
DJ Capital Falls on Stage, SA Mortified on His Behalf: 'Nothing More Embarrassing'South African hip hop DJ and music producer DJ Capital fell on stage while he was performing. Netizens gave hilarious reactions and many poked fun at his weight.
Read more »
Heavy gunfire erupts in South Sudan capital of Juba - SABC News - Breaking news, special reports, world,The gunfire erupted after security forces moved to arrest the former intelligence service head.
Read more »
Widespread Arrests of Eritreans in Ethiopia's Capital Spark FearEritrean residents in Ethiopia's capital, Addis Ababa, have reported numerous arrests among their community, causing alarm among refugees and asylum seekers. The Ethiopian Human Rights Commission has stated it will investigate, while the city's police have not commented.
Read more »