The Australian postal code rises on strong profits, expectations, and the insertion plan in the United States

(Reuters)-The ZIP Falls in Australia increased more than 25 % on Friday, to become the highest level in more than three years after the Buy-Pay-Pay-Later (BNPL) announced higher annual profits and announced plans to include the United States.

The profits of the cash company before taxes, depreciation and extinguishing (EBTDA) increased more than twice to 170.3 million dollars (109.38 million dollars) in the year ending June 30, which is the highest estimate of the consensus of the visible alpha of $ 160 million.

The growth growth came against the background of a strong performance of its American business, which achieved 41.6 % growth in the total transactions (TTV), mainly driven by spending on non -compact elements.

The corporate net debt reached 1.5 % of TTV, a decrease from 1.7 % last year.

Zip said it expects more than 35 % growth in TTV in the United States in the 2026 fiscal year. According to CITI analysts, this, along with the assumption of 6 % of revenue growth in Australia, means that EBTDA is $ 230 million, before estimating the consensus of $ 215.8 million.

The company also said it is considering a list on the Nasdaq Stock Exchange, while maintaining its basic list in Australia.

“The dual menu is expected to support the important growth opportunity for Zip in the United States (which now represents more than 80 % of the profits of the Monetary Division),” Zip said, adding that it has seen an increase in interest from American investors.

ZIP shares jumped up to 25.6 % to $ 3.920 by 0102 GMT, reaching its highest point since early January 2022. The stock was also the best performance on the standard ASX 200 index, which decreased by 0.3 %.

ZIP shares have gained more than six times in value since the end of 2023, when consumer spending, high interest rates, and increased confidence in organizational scrutiny in BNPL shares.

($ 1 = 1.5569 Australian dollars)

(Participated in the reports of Hemanchi Akand in Bangaluru; Liberation by Subhranshu Sahu)