FRX.ASX: Q3 FY25 Update and Appendix 4C

Q3 FY25 Update and Appendix 4C

Stock	Flexiroam Ltd (FRX.ASX)
Release Time	16 Apr 2025, 2:32 p.m.
Price Sensitive	Yes

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FlexiRoam Achieves Profitability, Expands Platform Partnerships

Key Points

Profitability achieved in March 2025, driven by streamlined cost base and focus on platform-based recurring revenue
$3.93 million rights issue completed, strengthening balance sheet and reducing debt
New enterprise partnerships signed with Etihad Airways and Mondelez International

Full Summary

FlexiRoam Limited (ASX:FRX) has provided its quarterly update and Appendix 4C for the three months ended 31 March 2025 (Q3 FY25). The key highlights include:- Profitability achieved in March 2025, underpinned by a streamlined cost base in line with a strategic focus on growing platform-based recurring revenue alongside FlexiRoam's established consumer business.- $3.93 million rights issue successfully completed in January, significantly strengthening the balance sheet.- Cash balance of $2.98 million and a positive net asset position of $2.1 million as at 31 March 2025, alongside a $750k reduction in debt obligations, enhancing financial flexibility for growth.- New enterprise partnerships signed with Etihad Airways (a leading global airline) and Mondelez International (a Fortune 500 multinational), enabling global eSIM subscriptions for their employees and supporting FlexiRoam's shift toward a platform-based recurring revenue model.FlexiRoam enters Q4 FY25 with strong momentum, a sharpened strategic focus, and a strengthened financial position. The company continues to invest in R&D across its Connectivity-Platform-as-a-Service (CPaaS), AI-driven applications, and Software Development Kit (SDK) to enable embedded connectivity across new industry verticals, drive innovation, and enhance the scalability of its global offering.

Guidance

For the March quarter, FlexiRoam achieved positive unaudited Net Profit After Tax (NPAT) of $475k, marking its first month of profitability. This milestone was driven by a leaner, more efficient operating structure aligned with the company's strategic focus on expanding its platform-based recurring revenue streams.

Outlook

FlexiRoam enters Q4 FY25 with strong momentum, a sharpened strategic focus, and a strengthened financial position. Backed by improved profitability and a solid capital base, the company is focused on scaling its platform and accelerating recurring revenue growth.