Adveritas (AV1) H2 2025 earnings summary

Executive summary

• Achieved record cash receipts of $10.38M in FY25, up 101% year-over-year, and ARR of $10.47M, up 72% from FY24.

• Operating cash outflow reduced by 68% to $2.9M, with a strong cash balance of $9.5M after an $8.5M institutional placement.

• Expanded market share in sports betting and online gaming, with ARR from this segment up $2.7M (60% growth).

• Entered e-commerce vertical, now 4% of ARR, and signed first tier 1 agency contract.

• Enhanced product offering, including Meta integration and AI-driven fraud detection.

Financial highlights

• Revenue grew 89% to $7.84M in FY25 from $4.16M in FY24.

• Enterprise customer base increased 16% to 113, and average revenue per contract rose 49% to ~$91,600.

• Loss after tax improved to $7.09M from $11.59M in FY24.

• Net cash outflow from operations reduced to $2.94M from $9.22M.

• Cash and cash equivalents at year-end: $9.48M.

Outlook and guidance

• Plans for US expansion, commercialisation of Meta product, and further growth in sports betting, online gaming, and e-commerce.

• Focus on agency partnerships, affiliate platform integrations, and scaling distribution.

• Strong cash position to fund growth activities.