Xref H1 FY26 Interim Results

Xref Ltd (ASX:XF1) has reported positive EBITDA and record efficiency in its H1 FY26 Interim Results for the period ended 31 December 2025. With revenue of $10.2m and a 58% growth in revenue from the new platform, the company continues to demonstrate profitability, with EBITDA reaching $1.3 million. The annual recurring revenue (ARR) from the new platform increased by 27% to $9.2 million, representing 54% of total Group ARR. Additionally, operating expenses reduced by 14% to $9.9 million, driven by efficiencies derived from Ai and self-service tools.

Xref has strategically shifted towards multi-year SaaS contracts, resulting in improved margins and stability in revenue streams. The company has successfully evolved its platform to cover the full employee lifecycle, offering automated data-gathering workflows and high adoption rates for new features. Leveraging its data moat and API Library, Xref continues to provide verified, professional data to accelerate the hiring process.

The management commentary highlights the company's pivot to a 'hire-to-retire' platform and increased operational resilience. Xref's outlook focuses on driving deep product adoption, client acquisition, and API partnerships to enhance candidate profiles. With a clear growth strategy and efficient operating expenses, Xref is positioned for sustainable profitability. Investors are invited to an investor presentation on 2nd March 2026 for further insights and a live Q&A session. For more information or to ask questions, visit xref.com or the Xref Investor Hub (xf1.com).