Preliminary Final Report

Xref Limited has reported positive revenue growth, with revenues from ordinary activities increasing by 7% to $21.3 million for the year ended June 2025. The company has shown significant improvement in its financial performance, with a 66% decrease in loss from ordinary activities after tax, amounting to $1.95 million compared to $5.68 million in the previous period. Despite an increase in comprehensive loss, Xref has demonstrated resilience in a challenging market environment, maintaining strong customer satisfaction and employee engagement.

The company has strategically focused on transforming its cost structure, transitioning customers to a SaaS business model, and launching new products. Xref has also made prudent financial decisions, including cost reduction measures and raising additional capital for product development and innovative marketing. These efforts have led to a positive underlying EBITDA of $2.3 million and net cash generated in operations of $1.3 million.

Going forward into FY26, Xref aims to drive sales growth, improve expense management through technology, and continue product development with AI-driven technology upgrades. With a lean operating structure and a solid market position, Xref is poised for growth despite ongoing market challenges. Investors are encouraged to review the detailed financial and operational commentary in the Annual Report for further insight and are welcome to inquire about any aspects of the announcement.