N1 Holdings Ltd. (AU:N1H) has released an update.
N1 Holdings Ltd. has reported a notable increase in SME lending, with a record net profit of $811,000 and EBITDA of $1,097,000 for the financial year to date, and a significant 27% revenue growth compared to the previous year. The firm’s loan book parameters remain stable, reflecting strong risk management and an uninterrupted record of zero capital losses. Despite inflationary pressures, the company’s SME-focused lending business, which contributes 93% to total cash receipts, has demonstrated resilience in the Australian real estate sector.
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