Xref

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FY2025 Results and Strategic Initiatives

Xref has made significant progress in transitioning to a full subscription-based business model, with annuity revenue now being the majority of our income. We have streamlined operations and our business model to drive growth and reduce costs. By focusing on a single technical platform and implementing self-sign-on and auto-renewal subscriptions, we aim to increase recurring revenue further. In the fiscal year 2025, our revenue grew by 7% to $21.3m, with cost of sales decreasing to $2.3m, resulting in a gross profit of $19.0m. Operating costs were reduced by 9%, leading to a positive operating cash flow. EBITDA was positive at $2.5m, indicating strong financial performance. We invite current and prospective investors to view our detailed 2025 Investor Presentation, which provides insights into our strategic direction and financial results. If you have any questions or require further clarification, please feel free to reach out to us. Thank you for your continued support.

Dear Investors,

Xref Ltd has released its latest announcement detailing the company's performance for the fiscal year ended 30 June 2023. During this period, our revenues increased by 10% to A$20.4M, driven by growth in our candidate referencing segment and expansion in both the Australia and United States markets. However, we experienced a net loss of A$3.4M, primarily due to increased employee expenses and share-based payments.

As a human resource and recruitment technology company, Xref continues to provide innovative solutions to organizations seeking people-focused feedback to inform their decision-making processes. Our candidate referencing segment offers a reliable online platform that streamlines the reference checking process, while our ID verification segment focuses on reducing identity fraud risks through advanced technology.

We are committed to enhancing our offerings and delivering value to our clients through our platforms. We invite current and prospective investors to engage with us further, ask questions, and stay informed about our progress.

Thank you for your continued support.

Best regards,
Management Team Xref Ltd

Xref Ltd has released its latest announcement detailing the company's performance for the fiscal year ended 30 June 2023. During this period, our revenues increased by 10% to A$20.4M, driven by growth in our candidate referencing segment and expansion in both the Australia and United States markets. However, we experienced a net loss of A$3.4M, primarily due to increased employee expenses and share-based payments.

As a human resource and recruitment technology company, Xref continues to provide innovative solutions to organizations seeking people-focused feedback to inform their decision-making processes. Our candidate referencing segment offers a reliable online platform that streamlines the reference checking process, while our ID verification segment focuses on reducing identity fraud risks through advanced technology.

We are committed to enhancing our offerings and delivering value to our clients through our platforms. We invite current and prospective investors to engage with us further, ask questions, and stay informed about our progress.