Wrkr (WRK) Q4 2025 TU earnings summary

Executive summary

• Achieved significant commercial wins, including AustralianSuper and REST, and international expansion with MUFG and HSBC in Hong Kong, positioning for strong future growth.

• Focused on streamlining compliance, onboarding, and payroll processes for employers, with partnerships across major superfunds and payroll companies.

• Strategic investments in technology, security, and talent to support regulatory changes and market expansion, including PayDay Super reforms.

• Achieved positive operating cash flows for the second consecutive year, driven by contract milestones and customer retention.

Financial highlights

• Net cash from operating activities was $373k for FY25, up 10% YoY from $340k in FY24.

• Cash receipts from customers increased 4% YoY to $9.9m, with float income rising due to higher transaction volumes and super guarantee rates.

• Staff costs rose 28% YoY, reflecting a 20-person headcount increase and platform investment.

• Cash at end of period was $5.73m at 30 June 2025, up 192% YoY.

• $7.81m capital raised via institutional placement and Share Purchase Plan.

Outlook and guidance

• Projected FY25 net operating revenues between $10m and $11m, with continued investment in platform and resources for PayDay Super reforms.

• Anticipates EBITDA net loss for FY25 due to proactive investment, with substantial revenue growth expected in FY26 and beyond.

• Resource planning and concurrent deployments are key priorities for upcoming pipeline opportunities.