Earlypay (ASX:EPY) is optimistic that its financial year 2024 (FY24) results will surpass the underlying proforma net profit after tax (NPAT) of FY23.
The company is in the final stages of refinancing its primary warehouse, a process scheduled to be completed by the end of the first quarter.
Earlypay has also declared a buy-back plan for up to 28 million shares.
Looking ahead, Earlypay’s board anticipates resurrecting the standard company dividend in FY24 as retained earnings recover.
The company plans to rebuild its retained earnings, positioning it to resume regular dividend payments in FY24.
Earlypay is a financial services company focused on offering fast, flexible business finance solutions.