How Is Complii FinTech Solutions Driving 11.8% Revenue Growth in Q4 FY25?

Strong Financial Momentum

Complii FinTech Solutions Ltd (ASX, CF1) closed Q4 FY25 on a robust note, reporting customer receipts of $2.32 million, an 11.8% increase from the previous quarter. This growth contributed to a total revenue and other income figure of $3.034 million for the period. The company’s cash position remains solid at $2.051 million, supported by a debt-free balance sheet, positioning Complii well for future investments and operational needs.

The Group’s Annual Recurring Revenue (ARR) climbed 4.3% quarter-on-quarter and 10.5% year-on-year (excluding revenue from Registry Direct), reflecting steady organic growth in its SaaS offerings across capital raising, compliance, and risk management.

Operational Highlights and Business Unit Performance

Complii’s core platform facilitated the raising of approximately $3.228 billion in new capital funds across 803 unique offerings, underscoring its pivotal role in equity capital markets. The company is actively engaged in advanced discussions with prospective clients, which could further boost ARR in coming quarters.

PrimaryMarkets, Complii’s unlisted securities trading platform, delivered a standout quarter with a 54% uplift in total order value compared to Q3 FY25, driven by a particularly strong performance in May. This surge was supported by a growing portfolio of capital raise listings and a strategic focus on onboarding financial advisers and smaller companies seeking alternative trading hubs.

ThinkCaddie expanded its client base and content offerings, adding over 30 new learning activities and leveraging partnerships to diversify content delivery. User satisfaction remained high, with over 93% of content ratings marked as 'Good'. Meanwhile, MIntegrity experienced a planned revenue moderation in June following major project completions but maintains a healthy pipeline for FY26.

Strategic Developments and Outlook

The mutual termination of the Registry Direct service agreement resulted in an early cash payment of $0.492 million, accelerating revenue recognition but removing a recurring revenue stream. Complii expects to receive a research and development grant of approximately $1.2 million in H1 FY26, which will support ongoing innovation.

Product development remains a key focus, with upcoming launches including a Compliance Management solution and a client-led CRM module scheduled for release later in 2025. Enhancements to the PrimaryMarkets platform, such as improved trading settlements and the introduction of two-factor authentication, aim to bolster user experience and security as trading volumes scale.

Geographically, Complii is expanding its reach into the UK and Canadian markets, while continuing to leverage cross-selling opportunities within its ecosystem to increase customer lifetime value and accelerate organic growth. The company also remains open to mergers and acquisitions to complement its growth strategy.

Financial Discipline and Governance

Despite increased staff and corporate costs due to timing and consulting fees, Complii maintains a disciplined approach to cash flow management, with a net operating cash outflow of $359,000 for the quarter. Directors received $179,000 in remuneration, reflecting standard governance practices.

Executive Chairman Craig Mason highlighted the company’s confidence in its product roadmap and pipeline, emphasizing the strategic investments made to build a differentiated ecosystem that supports sustainable ARR growth and improved profitability.