Business Update April 2026

Xref Limited (ASX:XF1) is pleased to present an update on its financial and operational performance for Q3 FY26. Highlights include sales growth of $4.5m (+4% yoy), positive EBITDA of $0.3m, and a 54% yoy increase in ARR to $10.6 million. The Company reduced operational expenses by 28% yoy and maintained a cash balance of $2.0m as of March 31st.

Sales and marketing efforts led to strong momentum, with significant growth in leads, new opportunities, and pipeline generation. Total sales reached $4.5 million, driven by the core Xref platform's performance and the successful shift towards capacity extensions.

Platform adoption saw growth with the transition to a comprehensive 'hire-to-retire' ecosystem, reflected in increased active users and strong engagement across the product suite. Strategic partnerships with Teamtailor and HiBob aim to expand Xref's reach and drive API-driven growth in North America, Europe, and the UK.

Operational efficiency improvements resulted in a 28% decrease in overheads, positioning the Company for further margin expansion. With enhanced product offerings, including AI-powered Pulse Surveys, Xref aims to drive user engagement and maintain a competitive edge.

Xref's founder and CEO, Lee-Martin Seymour, noted the Company's focus on profitability and sustainable growth, with a clear roadmap for the remainder of FY26. As we enter the busiest quarter, Xref is poised for success through efficient operations, client acquisitions, renewals, and platform adoption. For more information or inquiries, please visit xref.com or the Xref Investor Hub at xf1.com.