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- Pushpay Holdings (PPH) achieved sturdy growth across most of its key metrics in its FY21 annual report, including a 40-per-cent spike in revenue growth
- Following “several” upgrades to its earnings guidance over the year, the ASX-lister managed to deliver earnings before interest, tax, depreciation and amortisation of US$58.9 million (about A$75.3 million)
- PPH’s operating revenues grew by 40 per cent and its net profit after tax increased 95 per cent over the year
- Meanwhile, operating expenses crept up nine per cent on account of its Church Community Builder software costs and customer numbers incremented a slight two per cent
- Pushpay Holdings shares are trading flat at $1.50
Pushpay Holdings (PPH) achieved sturdy growth across most of its key metrics in its Fy21 annual report, including a 40-per-cent spike in revenue growth.
After upgrading its earnings guidance “several” times over the financial year, the donor management system revealed earnings before interest, tax, depreciation and amortisation of US$58.9 million (about A$75.3 million).
The company also managed to up its operating revenue by US$51.6 million (approximately A$66 million) for the year ended March 31, 2021 to US$179.1 million (roughly A$229.1 million), marking an increase of 40 per cent.
Pushpay said it expects to see continued revenue growth as it increases its market share in the U.S faith sector, where it looks to deliver a fully integrated church management system by way of its Church Community Builder software.
Net profit after tax increased 95 per cent over the year ended March 31, jumping from US$16.0 million (about A$20.4 million) to US$31.2 million (roughly A$39.9 million).
Meanwhile, operating expenses crept up nine per cent over the period, which the ASX-lister attributed primarily to the inclusion of a full year of Church Community Builder expense.
PPH reported a subdued two per cent increase in customers over the year, from 10,896 customers in the previous year to 11,099 customers at the end of the financial year.
Pushpay Holdings shares are trading flat at $1.50 at 11:39 am AEST.
