• Loss for the half-year down 44.4% to $1.52 million
• EBITDA loss reduced to $407,871 from $534,111 in prior period
• Successful $7.8 million capital raise to strengthen balance sheet

Wrkr Ltd has released its Appendix 4D and half-year financial report for the period ended 31 December 2024. The company reported a loss of $1.52 million, down 44.4% from the prior corresponding period. EBITDA for the half-year was a net loss of $407,871, an improvement from the net loss of $534,111 in the prior period. The directors believe the group is a going concern. During the period, Wrkr successfully completed a $6.6 million placement and a $1.2 million share purchase plan, raising a total of $7.8 million. The funds will be used to strengthen the group's balance sheet, accelerate contract delivery, and support working capital and capex for further organic growth. The company also agreed to the early conversion of $3.3 million in convertible notes.The group's principal activities during the half-year included operating the Wrkr PLATFORM, Wrkr PAY, and Wrkr READY solutions, which help Australian employers simplify workforce compliance across the hire-to-retire lifecycle. The group holds payment processing patents in the USA.