Dear investors, we are pleased to announce that Xref Ltd has reported a 10% increase in revenue for the fiscal year ending on 30 June 2023, reaching A$20.4 million. Despite this positive growth, the company recorded a net loss of A$3.4 million, primarily due to a substantial increase in employee expenses and share-based payments. 

The revenue growth was driven by a 3% increase in the candidate referencing segment, reaching A$16 million, as well as a 10% increase in the Australian market segment, amounting to A$15.7 million. Additionally, our expansion efforts in the United States proved successful, with a 19% revenue increase to A$1.1 million.

Xref Limited's business model focuses on providing innovative HR and recruitment technology solutions, including candidate referencing, ID verification, and engagement surveys. Our platforms offer fast and efficient reference checking, identity verification, and fraud prevention services to help organizations make informed decisions.

We encourage investors to delve deeper into our financial results and business operations by reviewing the full announcement. Your questions and feedback are valuable to us, so please do not hesitate to reach out for further clarification or information. Thank you for your continued support.

Dear investors,

Xref Limited (ASX: XF1) would like to inform you of a minor correction to our recent Investor Presentation. The amendment pertains to page 8 of the presentation, where two bar graphs illustrating half-year performance were inaccurately labelled as "H1" instead of "H2." This typographical error has now been rectified to ensure accurate representation of the reporting periods.

Please note that despite the correction in the chart headings, the underlying financial information and data within the graphs remain unchanged. We have provided an updated version of the Investor Presentation for your reference.

Should you have any further questions or require clarification on this matter, feel free to reach out to us at investors@xref.com or by phone at +61 2 8244 3099.

Thank you for your understanding.

Sincerely,
Xref Limited (ASX: XF1)

Dear investors,

We are pleased to announce our latest financial results for the fiscal year ending June 30, 2023. Xref Ltd saw a 10% increase in revenues, reaching A$20.4M. However, we also experienced a net loss of A$3.4M, primarily due to increased employee expenses and share-based payments.

Our candidate referencing segment, which offers an online reference checking platform, saw a 3% increase in revenues to A$16M. Additionally, our Australia segment revenue increased by 10% to A$15.7M, while the United States segment revenue grew by 19% to A$1.1M.

As a company focused on human resource and recruitment technology, we continue to provide innovative solutions such as ID verification and Engagement surveys to help our clients make informed decisions. Our ID verification segment offers cutting-edge facial recognition and liveness detection systems to mitigate identity fraud risks.

We understand the importance of transparency and are committed to addressing any questions or concerns you may have about our financial performance and business operations. Please feel free to reach out to us with any inquiries.

Thank you for your ongoing support.

Warm regards,
Xref Management Team

Xref

Investor Presentations

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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