Freelancer (FLN) investor relations material

Executive summary

• Group GMV rose 13.0% to A$244.9m, while revenue fell 17.2% to A$11.1m and gross profit declined 16.1% to A$9.6m.

• Operating expenses fell 11.0% to A$8.9m; EBITDA was A$0.7m and operating profit was A$0.1m, with positive profit before tax.

• Platform remediation progressed, but gains had yet to translate into stronger core-marketplace revenue or customer activity.

Financial highlights

• Group revenue fell 17.2% to A$11.1m; in US dollar terms, revenue declined 10.8%, while gross profit fell 16.1% to A$9.6m.

• Employee expenses decreased 17.5% to A$4.4m, hosting costs fell 9.6% to A$1.5m, and marketing expenses declined 8.7% to A$1.5m.

• Administration expenses rose 8.8% to A$1.5m, reflecting AI tooling investment and Escrow.com compliance costs.

• EBITDA was A$0.7m versus A$1.4m in 3Q25; operating profit was A$0.1m versus A$0.5m in 3Q25 and an A$0.3m loss in 1H26.

Outlook and guidance

• Priorities include restoring core-marketplace growth, expanding Escrow.com wholesale electronics, growing Loadshift and improving monetisation, and maintaining cost discipline.

• Benefits from initiatives are expected to continue flowing through as FY26 ends and FY27 begins, subject to implementation timing.

• Escrow.com expects wholesale electronics and domain names to drive 4Q26 growth; a dedicated electronics transaction workflow is planned.