Airtasker (ART) H1 2025 earnings summary

Executive summary

• Group revenue grew 10% year-over-year to AUD 25.7 million for HY25, driven by 14.8% organic growth in Airtasker marketplaces and strong international expansion.

• Positive free cash flow of over AUD 500,000 for the half, funding U.K. and U.S. expansion, with strong operational momentum across all markets.

• Significant brand and platform investment, leveraging over AUD 50 million in media partnerships to drive growth in Australia, U.K., and U.S.

• Announced a global partnership with Visa Cash App Racing Bulls Formula One team to boost brand awareness.

• Net loss after tax attributable to owners was AUD 16 million, reflecting increased marketing investment and non-cash accounting losses.

Financial highlights

• Group revenue reached AUD 25.7 million, up 10% year-over-year; Airtasker marketplace revenue just under AUD 22 million, up 14.8%.

• Positive free cash flow of AUD 0.6 million, a 105.3% improvement on pcp; operating cash flow AUD 1.9 million, up 35.8% on pcp.

• Gross profit increased 10.1% to AUD 24.6 million, with gross margin at 95.7%.

• HY25 Airtasker GMV up 9.3% to AUD 104.6 million; monetisation rate improved to 20.8%.

• Cash and term deposits stood at AUD 18.3 million at 31 December 2024.

Outlook and guidance

• On track to deliver full-year positive free cash flow and maintain double-digit revenue growth for FY25.

• Confident in accelerating growth in U.K. and U.S. markets, leveraging both cash and non-cash media investments.

• Marketing investment in new international markets expected to double in 2H25 as U.K. and U.S. enter peak seasons.

• Starting second half with AUD 18.3 million cash and AUD 45 million unspent media capital.

• Australian consumer sentiment and demand expected to improve in 2H25, with further monetisation rate gains anticipated.