Count enters enhanced debt funding facility with CBA for acquisition

Count Financial has entered into an enhanced debt funding facility with the Commonwealth Bank of Australia (CBA) to support its acquisition activities, marking a strategic move to strengthen its financial position and expand its operations. The facility, which includes both new and repriced debt components, aims to reduce financing costs and improve the company’s flexibility in pursuing growth opportunities.

Under the terms of the agreement, Count has secured a new three-year Business Finance Facility with CBA at a variable market rate. This facility is intended to fund inventory and product development, support logistics cost reductions via sea freight, and enable strategic mergers and acquisitions (M&A). The all-in funding cost for the new facility is approximately 10.35%, based on a current variable market rate of 4.35%, including a 3% Facility Line Fee and a 3% Usage Fee.

In addition to the new facility, Count has also achieved a significant reduction in its existing loan pricing, with interest rates cut from 20% to 13%. This reduction is expected to generate annual savings of $700,000, contributing to improved financial flexibility and reduced ongoing financing costs. The company has reaffirmed its FY26 guidance, with revenue exceeding $47.5 million and EBITDA surpassing $3.8 million.

Count’s enhanced financial structure reflects its commitment to improving operational performance and achieving long-term profitability. The company has previously demonstrated progress in this area, having recorded positive EBITDA in H1 FY26 for the second consecutive quarter. Despite this improvement, Count reported a net operating cash outflow of $1.5 million in H1 FY26, primarily due to working capital movements such as inventory investments for new product releases.

The acquisition of Count by CBA in 2011 was a significant milestone in the financial services sector, as it expanded CBA’s network of financial planners and positioned the bank as a major player in wealth management. Since then, Count has continued to operate as a stand-alone business within CBA, providing financial advice to high-net-worth clients.

With the enhanced debt facility now in place, Count is well-positioned to navigate the evolving financial services landscape and capitalize on opportunities for growth. The company’s strategic alignment with CBA provides access to a robust financial infrastructure and a broader range of resources, supporting its long-term objectives.