Afterpay Touch Group Limited reported sales results for the fourth quarter ended June 30, 2018. For the fourth quarter, the company reported underlying sales of approximately AUD 736 million represents a 171% increase over fourth quarter of fiscal 2017 and a 39% increase over third quarter of fiscal 2018. Gross Losses and Net Transaction Losses trended down in the fourth quarter of fiscal 2018 and generally improved over second half of fiscal 2018, despite the increased underlying sales performance and merchant diversification in the same period.

For the year, the company reported over $2.18 billion of total underlying sales processed through the Afterpay platform in FY18, 289% increase over FY17.

For the fiscal 2018, the Group Revenue and Other Income is expected to be in the order of AUD 142 million, Group EBITDA is expected to be in the order of AUD 33 million to AUD 34 million and Group EBTDA is expected to be in the order of AUD 27 million to AUD 28 million, both prior to one-off and share based expenses but including the majority of expenses incurred in establishing and operating the U.S. business.