iFast acquired the digital bank in March 2022, and the group calls the turnaround “a major achievement”.
iFast Corporation has posted 46.3% higher net profit of $19.28 million for 4QFY2024 ended Dec 31, 2024, on the back of a 26.7% increase in the gross revenue to $104.14 million.
iFast’s UK-based digital bank, iFast Global Bank (iGB), turned profitable for the first time during the quarter, recording a profit of $0.3 million in 4QFY2024 compared to a loss of $2.57 million in 4QFY2023.
