Airtasker (ART) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and confirmation of quorum, held as a hybrid event with both in-person and virtual participation enabled.

• Board members, executive team, and audit partner introduced; agenda included formal business, CEO update, and voting on resolutions.

• Voting and Q&A procedures explained, with instructions for both in-person and online attendees.

Financial performance review

• Achieved second consecutive year of positive cash flow in FY25, with AUD 1.2 million free cash flow and AUD 4.4 million operating cash flow.

• Marketplace revenue grew nearly 20% year-on-year; GMV surpassed AUD 200 million for the first time.

• Taskers earned over AUD 160 million; cash and term deposits at year-end exceeded AUD 19 million, with an additional AUD 28 million in prepaid advertising inventory.

• Recent placement increased cash by almost AUD 10 million; Q1 FY26 revenue up 14% on prior period.

• U.K. GMV up 67% to AUD 15 million; U.S. GMV up 422% to AUD 7.5 million.

Board and executive committee updates

• Board welcomed new investors from recent placement and highlighted improvements in cap table and trading liquidity.

• Audit partner Joshua Tanchel completed his final year; board expressed gratitude for his five years of service.

• Fred Bai, non-executive director, shared his experience and commitment to supporting international expansion and disciplined governance.