Airtasker (ART) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and confirmation of quorum; hybrid format enabled both in-person and virtual participation.

• Board members, executive team, and audit partner introduced; agenda included performance update, strategy, and voting on seven resolutions.

• Voting and Q&A procedures explained, with online and in-person options for shareholder engagement.

Financial performance review

• Achieved second consecutive year of positive cash flow, with AUD 1.2 million free cash flow and AUD 4.4 million operating cash flow in FY25.

• Marketplace revenue grew nearly 20% year-on-year; GMV surpassed AUD 200 million for the first time.

• Taskers earned over AUD 160 million; cash and term deposits at year-end were just over AUD 19 million, with AUD 28 million in prepaid advertising inventory.

• Recent placement increased cash by almost AUD 10 million; Q1 FY26 revenue up 14% on prior period.

• U.K. GMV up 67% to AUD 15 million; U.S. GMV up 422% to AUD 7.5 million.

Board and executive committee updates

• Non-executive director Fred Bai highlighted his 12-year involvement, experience in capital allocation, governance, and international expansion.

• Board praised for contributions to product, technology, and strategic discussions.

• Audit partner Joshua Tanchel completed his final year after five years of service.