Wrkr (WRK) H1 2025 earnings summary

Executive summary

• Wrkr Ltd reported a net loss after tax of $1,521,125 for the half-year ended 31 December 2024, a significant improvement from a $2,737,567 loss in the prior corresponding period.

• EBITDA loss narrowed to $407,871 from $534,111 year-over-year, reflecting improved operational performance.

• Revenue from continuing operations increased to $4,883,505, up from $3,879,423 compared to the same period last year.

• No dividends were paid, recommended, or declared during the period.

Financial highlights

• Service fees revenue rose to $3,610,005 from $2,921,894 year-over-year; interest on restricted client trust funds increased to $1,273,500 from $957,529.

• Employee benefits expense increased to $3,265,852 from $2,756,815; transaction costs rose to $754,875 from $600,561.

• Basic and diluted EPS improved to (0.096) cents from (0.215) cents year-over-year.

• Cash and cash equivalents at period end were $7,217,626, up from $1,936,677 at 30 June 2024.

• Net assets increased to $18,641,164 from $8,809,796 at 30 June 2024.

Outlook and guidance

• Directors consider the Group a going concern, supported by recent capital raising and ongoing contract execution.

• Focus remains on delivering contracted platform functionality, growing Wrkr PAY subscriptions, and maintaining operational performance.