Felix Group (FLX) H1 2026 earnings summary

Executive summary

• Achieved 47% year-over-year growth in Group ARR to $12.2m, driven by organic enterprise growth and the Nexvia acquisition, expanding monetisation and enterprise wins.

• Completed the strategic acquisition of Nexvia in October 2025, expanding platform capabilities and vendor monetisation opportunities.

• Vendor Marketplace continues to grow, with over 110k vendors and stable vendor ARR at $1.7m.

• Raised $16.49 million through an institutional placement and share purchase plan to fund the acquisition and support ongoing growth.

• Leadership transitions included the CEO stepping down and a new Non-Executive Chairman appointed in February 2026.

Financial highlights

• Total revenue for H1 FY26 increased 33% to $5.47m compared to H1 FY25; revenue rose to $5.17m from $4.01m in H1 FY25.

• Enterprise gross margin was 74%, down 2pp from 76% in H1 FY25.

• Adjusted EBITDA loss widened to $(2.14)m; loss before income tax increased to $(3.31)m.

• Cash balance at 31 Dec 2025 was $7.2m, supporting ongoing growth initiatives.

• Gross margin for Contractor segment was 74%, down from 76% in H1 FY25.

Outlook and guidance

• FY26 focuses on strategic investments to drive accelerated revenue and earnings growth in FY27 and beyond.

• Continued domestic and international enterprise ARR growth expected, with integration of Nexvia on track.

• Gross margins expected to remain strong, with further improvement through automation.

• AI-enabled functionality and platform enhancements to be progressively released.

• Directors believe the Group remains a going concern, supported by a strengthened balance sheet and ongoing growth initiatives.