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.

Xref

Annual Reports

We welcome our valued shareholders and prospective investors to visit our Investor Hub for the latest updates on our progress. For any questions, you can connect directly with our management team through the hub.

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Xref reports its full year financial results in August each year, and its half year financial results in February. Our annual reports detail key financial and operational events for the year, providing insights into some of the work that has taken place across the business.