Wrkr (WRK) H1 2026 earnings summary

Executive summary

• Revenue for the half-year ended 31 December 2025 increased by 43.0% year-over-year to $6,990,007, driven by growth across core product lines.

• Net loss after tax widened by 75.3% year-over-year to $2,666,076, reflecting higher operating and acquisition-related expenses.

• EBITDA loss for the half-year was $1,240,753, compared to a loss of $407,871 in the prior period.

• No dividends were paid, recommended, or declared for the period.

Financial highlights

• Service fees revenue rose to $5,754,944 from $3,610,005 year-over-year, with all revenue generated in Australia.

• Cash and cash equivalents at 31 December 2025 were $16,183,837, up from $5,729,498 at 30 June 2025.

• Net tangible assets per share increased to 0.75 cents from 0.26 cents at 30 June 2025.

• Total assets grew to $102,899,875, with total liabilities at $73,641,095.

• Basic and diluted EPS were both negative at (0.144) cents, compared to (0.096) cents in the prior period.

Outlook and guidance

• Management remains confident in the going concern basis, citing a strong cash position, ongoing contracts, and expected revenue from established customers.

• Funds raised are being used to prepare for regulatory changes, product development, and potential acquisitions.