Freelancer (FLN) H2 2025 earnings summary

Executive summary

• Achieved all-time record net profit after tax of AUD 2.2 million, reversing a prior year loss, with operating profit up 1162% to AUD 2.0 million.

• Group revenue rose 4.1% year-over-year to AUD 55.3 million, driven by record results in Escrow.com and Loadshift's maiden full-year profit.

• Operating cash flow increased 32% to AUD 7.7 million; cash and equivalents at AUD 22.9 million.

• Strategic focus on AI integration, platform unification, and enterprise expansion, with major NASA contract win and new offices in Bangalore and Vancouver.

• Escrow.com marked its fifth consecutive year of profitability; Loadshift achieved its first full-year profit.

Financial highlights

• Group gross marketplace volume (GMV) was AUD 881.5 million, down 7.1% year-over-year.

• Gross margin improved to 85.2% (from 81.9%), aided by Escrow.com take-rate expansion and payment gateway cost optimization.

• Operating profit (excluding unrealized FX) reached AUD 2 million, up 1162%.

• Operating cash flow of AUD 7.7 million, up 32% year-over-year.

• Cash outflows included AUD 1.5 million for Loadshift share buyback, increasing ownership to 73.4%.

Outlook and guidance

• Targeting double-digit revenue growth and sustained operating profit of over AUD 500K per month in FY26.

• Focus on scaling enterprise solutions, especially in AI and field services, with continued investment in product features and service levels.

• Anticipate significant merchant adoption and new verticals in 2026, with Loadshift to expand internationally starting with Canada.

• AI development is reshaping the marketplace, with AI now 5% of GMV and further automation planned.