Wrkr (WRK) investor relations material

Executive summary

• Transitioned from platform development to live execution, with all six administered funds now live for Payday Super.

• Revenue increased 52.6% year-over-year to $16.2 million, driven by client onboarding and transaction fees.

• Statutory loss after tax widened to $8.4 million, reflecting onboarding phasing and integration costs from the Paid Right acquisition.

• Completed $15 million and $10 million placements and a $2 million share purchase plan to support growth and working capital.

• Acquired Paid Right Holdings Pty Ltd, expanding payroll compliance capabilities.

Financial highlights

• Revenue from ordinary activities rose 52.6% to $16.2 million compared to FY25.

• EBITDA loss increased to $6.0 million from $0.3 million loss in FY25.

• Net operating cash outflow was $1.6 million; cash receipts grew to $18.2 million.

• Net tangible assets per share increased to 0.31 cents from 0.26 cents.

• No dividends declared or paid for the year.

Outlook and guidance

• Focus on supporting client transition to Payday Super and expanding payroll/HCM integrations.

• Funds from recent capital raisings to be used for onboarding, platform enhancements, and product innovation.

• Anticipates continued investment in product development and integration of Paid Right.