Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Airtasker Ltd (ART.ASX) |
|---|---|
| Release Time | 30 Apr 2025, 8:30 a.m. |
| Price Sensitive | Yes |
Airtasker Delivers Positive Free Cash Flow
- Another quarter of positive free cash flow
- Airtasker marketplaces revenue up 15.8% on pcp
- UK marketplace hits $16.5m GMV ARR, revenue up 153% on pcp
- US marketplace hits $3.6m GMV ARR, revenue up 399% on pcp
Airtasker delivered another quarter of positive free cash flow in 3Q25, with YTD 31 March 2025 positive free cash flow of $0.6m. Operating cash flow was also positive at $0.8m. The positive operating cash flow result in 3Q25 was achieved by growing Group revenue 11.6% on pcp to $13.6m, with Airtasker marketplaces revenue growing by 15.8% on pcp to $11.7m. Airtasker marketplaces revenue growth continued its current trend, up 15.8% on pcp to $11.7m. Airtasker Australia contributed double-digit revenue growth in 3Q25, up 10.6% on pcp to $10.8m. In the UK, revenue growth accelerated 153.2% on pcp to £355k, reflecting a 69.2% increase in posted tasks on pcp and a 76.8% increase in GMV on pcp to £1.7m ($3.5m). The Airtasker UK marketplace achieved a GMV ARR of $16.5m at 31 March 2025. In the US, revenue was up 399.0% on pcp to US$86k, driven by a 197.0% increase in GMV on pcp to US$411k ($655k). The Airtasker US marketplace achieved a GMV ARR of $3.6m at 31 March 2025. Airtasker's Established Marketplaces delivered positive EBITDA of $6.0m during 3Q25, which included non-cash marketing of $2.1m. After covering all global head office expenditure, the Established Marketplaces delivered positive Australian net EBITDA of $1.5m. Group EBITDA was negative $11.4m, which included a $12.9m net investment in New Marketplaces.
Airtasker reaffirms its guidance for positive Group free cash flow in FY25.