It’s not just losses. Magellan’s FinClear is flatlining on the top line

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It’s not just losses. Magellan’s FinClear is flatlining on the top line
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Revenue grew marginally above financial year 2022 levels, but significant top-line growth remains elusive.

its equities pipes-and-plumbing bet FinClear hasn’t broken even. Now, FinClear’s accounts for the 2024 financial year show the full extent of its lacklustre performance.

FinClear posted $47.8 million revenue to June 30. While that’s 13 per cent growth year on year, the business has only just peeked its head above the $46.4 million revenue it rang in for the 2022 financial year. Its top line seems to be flatlining over the past two years.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.

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