IOUpay Limited (ASX: IOU) announced a quarterly Report & Business Activity Update for the period ending 31 December 2022. During the December quarter, the transaction volumes were lower than the previous September quarter, given the robust result for July. The company’s BNPL business originated transactions with TTV of AU$4,742,346, delivering NTR of AU$308,297 for the period.
The company’s income margin is above the average margin over the past 12 months at 6.5%, indicating acceptance of the six-payment plan. Adequate annualized returns for individual transaction profiles remain within the company’s internal target range.
During the December quarter, the Company reports Non-Performing Loans of AU$304,630 and an NPL Ratio of 0.99%. The Company assumes that the NPL and NPL Ratio remain modest, reinforcing the strong credit quality control strategy.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.