Announcement • Oct 02
Credit Intelligence Limited, Annual General Meeting, Nov 26, 2025 Credit Intelligence Limited, Annual General Meeting, Nov 26, 2025. Announcement • Jul 09
Credit Intelligence Limited Announces Resignation of Mr. Alex Luis as Non- Executive Director and as Remuneration Committee Chairperson, Effective from 7 July 2025 Credit Intelligence Limited announced that Mr. Alex Luis has resigned as a Non- Executive Director and Remuneration Committee Chairperson of the Company, with effect from 7 July 2025. Mr. Luis has advised that the decision to step down from the Board is due to personal reasons. The Board acknowledges and respects this decision and extends its full support. Mr. Luis joined the Board on 1 February 2024 to assist in the Company's full strategic review of the portfolio in the context of evaluating future opportunities. The Company will continue to ensure that the Board maintains an appropriate mix of skills, experience, and governance oversight to support its strategic direction. An update will be provided to the market if and
when a new appointment is made. Announcement • Mar 06
Wai Cheung Yu agreed to acquire BNPL International Limited from Credit Intelligence Limited (ASX:CI1) for AUD 1. Wai Cheung Yu agreed to acquire BNPL International Limited from Credit Intelligence Limited (ASX:CI1) for AUD 1 on March 4, 2025. A cash consideration of AUD 1 will be paid by the buyer. As part of consideration, AUD 1 is paid towards common equity of BNPL International Limited. Announcement • Jan 30
Christopher Hayden Mushan entered into a deed of agreement to acquire remaining 60% stake in Chapter Two Holdings Pty Ltd from Credit Intelligence Limited (ASX:CI1) for AUD 1. Christopher Hayden Mushan entered into a deed of agreement to acquire remaining 60% stake in Chapter Two Holdings Pty Ltd from Credit Intelligence Limited (ASX:CI1) for AUD 1 on January 28, 2025. A cash consideration of AUD 1 will be paid by the Christopher Hayden Mushan. As part of consideration, AUD 1 is paid towards common equity of Chapter Two Holdings Pty Ltd. Announcement • Jan 13
Credit Intelligence Limited Announces Directorate Changes Credit Intelligence Limited advised that Mr. Russell Goodman has resigned as a director of the Company on 13 January 2025, and the Board has appointed Mr. Gregory Starr as a Non- Executive Director of the Company, effective 13 January 2025. The Board thanks Mr. Goodman for his valued contributions and services to the Company and wish him all the best for his future appointments and endeavours. Mr. Starr brings significant experience to the Company across mining, corporate governance, financial & Business planning capabilities, and has been involved in many M&A and debt and equity financial transactions. Mr. Starr is an experienced public company director, having held senior positions in a number of ASX listed companies for over the last 20 years. Mr. Starr has extensive corporate leadership skills and strong financial and business planning capabilities. This enables him to guide the Company in a diversity of corporate and commercial matters, including in corporate governance, regulatory compliance, stakeholder engagement, strategy development, corporate financing, transaction management, and investor relations. Announcement • Aug 28
Credit Intelligence Limited, Annual General Meeting, Oct 28, 2024 Credit Intelligence Limited, Annual General Meeting, Oct 28, 2024. Announcement • Jun 01
SME Global Funding Pte. Ltd. entered into a share transfer agreement to acquire 60% stake in ICS Funding Pte Ltd. from Credit Intelligence Limited (ASX:CI1) for SGD 0.17 million. SME Global Funding Pte. Ltd. entered into a share transfer agreement to acquire 60% stake in ICS Funding Pte Ltd. from Credit Intelligence Limited (ASX:CI1) for SGD 0.17 million on May 31, 2024. Upon completion of the Disposal, the Group will no longer have any interest in ICS, and ICS will cease to be accounted for as a subsidiary of the Group. Recent Insider Transactions • Feb 10
Director recently bought AU$187k worth of stock On the 6th of February, Alex Luis bought around 1m shares on-market at roughly AU$0.19 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$89k more in shares than they bought in the last 12 months. Board Change • Feb 03
Less than half of directors are independent Following Director Alex Luis' arrival on 01 February 2024, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Russell Goodman was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 26
Insider recently sold AU$111k worth of stock On the 19th of January, Ka Sek Wong sold around 919k shares on-market at roughly AU$0.12 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$370k. Insiders have been net sellers, collectively disposing of AU$275k more than they bought in the last 12 months. New Risk • Jan 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$370k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (AU$10.6m market cap, or US$6.97m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Significant insider selling over the past 3 months (AU$370k sold). Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Executive Director Mark Ng was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Dec 28
Chief Executive Officer recently sold AU$370k worth of stock On the 20th of December, Ka Sek Wong sold around 2m shares on-market at roughly AU$0.18 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ka Sek's only on-market trade for the last 12 months. Announcement • Dec 15
Credit Intelligence Limited Receives Notification from Jimmie Wong to Resign as Chief Executive Officer Credit Intelligence Limited received notification from Mr. Jimmie Wong to resign as chief executive officer (CEO) of the Company, effective from 13 December 2023. Announcement • Dec 14
Credit Intelligence Limited Announces Board Appointments, Effective January 1, 2024 Credit Intelligence Limited appointed Mr. Doman Wong as non-executive director and audit committee chairperson of the Company, effective from 1 January 2024. Mr. Wong has around 30 years of experience combining external audit, management accounting, operations management, and internal audit and investigation. First trained in one of the Big Four, he previously held various management positions in a number of listed companies, including Asian subsidiaries of US and UK-based multi-national companies in Hong Kong and Australia. Mr. Wong is currently the Executive Director of BT Corporate Governance Limited and Head of Risk Advisory Services of Baker Tilly Hong Kong. The Company also announced that Mr. Michael Pixley has agreed to assume the Chairman role for the Board. The Board will continue to review the Group structure and will update the market in due course. Announcement • Dec 12
Credit Intelligence Limited Announces Management Changes Credit Intelligence Limited received the resignation from Mr. Jimmie Wong to resign as the executive director of the Company, together with all directorships in the Group's subsidiaries with immediate effect from 12 December 2023. The board of directors of the Company resolved that the upcoming extraordinary general meeting to be held on 14 December 2023 in relation to removal of Mr. Jimmie Wong be cancelled given the resolution can no longer be effectuated following the resignation of Mr. Jimmie Wong. The Company also announced that Mr. Arthur Ma has resigned as joint Company Secretary of the Company, effective from 12 December 2023. New Risk • Sep 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (AU$13.6m market cap, or US$8.76m). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Announcement • Aug 29
Credit Intelligence Limited, Annual General Meeting, Oct 25, 2023 Credit Intelligence Limited, Annual General Meeting, Oct 25, 2023. Reported Earnings • Aug 24
Full year 2023 earnings released: AU$0.07 loss per share (vs AU$0.011 loss in FY 2022) Full year 2023 results: AU$0.07 loss per share (further deteriorated from AU$0.011 loss in FY 2022). Revenue: AU$17.0m (up 5.1% from FY 2022). Net loss: AU$5.78m (loss widened AU$4.93m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Jun 19
Credit Intelligence Limited Provides Earnings Guidance for the Twelve Months Ending 30 June 2023 Credit Intelligence Limited provided earnings guidance for the twelve months ending 30 June 2023. For the period, the Group's unaudited consolidated loss attributable to members of the parent entity was $1.5 million (including the impairment loss $2 million recognized during the half-year) as compared to a net profit of $2.3 million in the corresponding period, a 165% decrease. The decrease was primarily due to the impairment loss recognized during the half-year, the increase in employee benefits, the increase in cost of development of individual BNPL services and the decrease in revenue from SME credit financing business segment in Singapore. Recent Insider Transactions • Mar 03
Independent Non-Executive Director recently sold AU$81k worth of stock On the 2nd of March, Russell Goodman sold around 500k shares on-market at roughly AU$0.16 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$11k more than they bought in the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.022 loss per share (vs AU$0.02 profit in 1H 2022) First half 2023 results: AU$0.022 loss per share (down from AU$0.02 profit in 1H 2022). Revenue: AU$8.53m (up 11% from 1H 2022). Net loss: AU$1.83m (down 212% from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Jan 07
Credit Intelligence Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 31 December 2022 Credit Intelligence Limited provided unaudited consolidated earnings guidance for the six months ended 31 December 2022. For the period, the company expects to record a decrease in its unaudited consolidated profit attributable to members of the Company by not less than 50% as compared with that reported for the corresponding period. The decrease was primarily due to (i) the increase in employee benefits, (ii) the increase in cost of development of individual BNPL services, (iii) the decrease in revenue from SME credit financing business segment in Singapore. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.011 loss per share (vs AU$0.011 profit in FY 2021) Full year 2022 results: AU$0.011 loss per share (down from AU$0.011 profit in FY 2021). Revenue: AU$16.3m (up 22% from FY 2021). Net loss: AU$842.4k (down 214% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 19
Independent Non-Executive Director recently bought AU$70k worth of stock On the 16th of May, Russell Goodman bought around 500k shares on-market at roughly AU$0.14 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$332k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 21
Full year 2021 earnings released: EPS AU$0.001 (vs AU$0.002 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$13.3m (down 2.7% from FY 2020). Net income: AU$736.1k (down 71% from FY 2020). Profit margin: 5.5% (down from 19% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Sep 08
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Director of Subsidiary Alex Chung is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Sep 03
Insider recently bought AU$87k worth of stock On the 1st of September, King Wong bought around 6m shares on-market at roughly AU$0.014 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$868k more in shares than they bought in the last 12 months. Executive Departure • Aug 11
Group Chief Operating Officer William Banks has left the company On the 9th of August, William Banks' tenure as Group Chief Operating Officer ended after less than a year in the role. We don't have any record of a personal shareholding under William's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • May 13
Independent Non-Executive Director recently sold AU$102k worth of stock On the 11th of May, Russell Goodman sold around 4m shares on-market at roughly AU$0.024 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$1.2m. Insiders have been net sellers, collectively disposing of AU$1.0m more than they bought in the last 12 months. Recent Insider Transactions • Mar 26
Independent Non-Executive Director recently sold AU$140k worth of stock On the 22nd of March, Russell Goodman sold around 4m shares on-market at roughly AU$0.033 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$1.2m. Insiders have been net sellers, collectively disposing of AU$1.1m more than they bought in the last 12 months. Recent Insider Transactions • Mar 19
Insider recently sold AU$1.2m worth of stock On the 11th of March, Lan Chan Chuen sold around 30m shares on-market at roughly AU$0.041 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$887k more than they bought in the last 12 months. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.001 (vs AU$0.001 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$7.37m (up 21% from 1H 2020). Net income: AU$1.58m (up 26% from 1H 2020). Profit margin: 21% (in line with 1H 2020). Recent Insider Transactions • Oct 30
Director recently bought AU$67k worth of stock On the 26th of October, Russell Goodman bought around 3m shares on-market at roughly AU$0.027 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$273k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 30
Full year earnings released - EPS AU$0.0025 Over the last 12 months the company has reported total profits of AU$2.54m, up 380% from the prior year. Total revenue was AU$13.6m over the last 12 months, up 124% from the prior year. Profit margins were 19%, which is higher than the 8.7% margin from last year. The increase in margin was driven by higher revenue.