- Published
- 22 Aug 2025

Sydney, 25 November 2025
Cuscal Limited (ASX:CCL) (Cuscal or the Company) has been recognised as the Best IPO Listing at the Adam Smith Awards Asia 2025.
The Award recognises Cuscal’s disciplined execution, strategic positioning and strong investor engagement ahead of its successful listing on the Australian Securities Exchange (ASX) on 25 November 2024, with the Company having attracted strong interest.
Today, Cuscal also celebrates its first anniversary as a listed company. The company continues to perform strongly, having delivered a maiden full year result that exceeded its Prospectus profit forecast, as well as announcing the proposed acquisition of Indue Limited (Indue).
Cuscal Managing Director, Craig Kennedy, said winning the Award is a testament to the Company’s strong foundations and collaborative culture.
“Receiving this Award is an honour and reflects the strong fundamentals of our business, the support of our clients and shareholders and the hard work and disciplined execution of our team and advisers in delivering a successful IPO in a challenging market.”
“An IPO is an important milestone in the growth journey of any company, and for Cuscal it will enable us to continue investing in innovation and delivering trusted payments services for our clients.”
“Awards are a nice outcome, but our real ambition is to continue to deliver innovative solutions for our clients and strong returns for our shareholders. To have delivered on both those goals since listing is validation of our efforts, and we look forward to continuing to do so as we grow.”
About Cuscal
As a leading payments and regulated data services provider, Cuscal has played a key role in the Australian financial ecosystem since its foundation in 1966. Cuscal’s offerings connect banks, Fintechs, and corporates to Australia’s payments infrastructure, delivering reliability, resilience, and innovation.
For further information, or to arrange an interview with Cuscal, please contact mediaenquiries@cuscal.com.au.