• Revenue from ordinary activities up 14% to $55.4 million
• Net loss after tax reduced by 65% to $11.5 million
• Positive free cash flow of $4.4 million, a first for the Group

Qoria Limited has reported its financial results for the half-year ended 31 December 2024. The Group reported total revenue and other income of $55.6 million, with revenue from ordinary activities up 14% to $55.4 million. The net loss before income tax attributable to members of the Group was $13.4 million, a 65% improvement compared to the prior corresponding period. The Group continued to focus on sales, marketing and development of its suite of education technology products and services during the period. Key highlights include strong operating cash flows, positive free cash flow of $4.4 million, and growth in annual recurring revenue (ARR) of 26% to $132 million. The Group also acquired data analytics innovator Octopus BI to add premium data analytics and AI capabilities to its admin and teacher platforms. Strategically, the Group is focused on unification, product expansion, and market expansion to drive scale, profitability and capability as the global leader in student digital wellbeing.

The Group is targeting average revenue per unit (ARPU) of $10 and service margins over 90% through its product expansion initiatives.

The Group continues to execute on its deliberate commercialisation strategy, with a focus on unifying its platform, expanding its high-margin education and wellbeing product suite, and further expanding into new global markets.