• WOTSO's flexspace business continued to build momentum in Q3, with revenue up 8% from the same period last year
• WOTSO continues to expand sustainably with a focus on the suburban and regional markets
• Four new locations opening in Q4, two in owned properties and two in leased sites, and two new locations scheduled to open in Q1 FY26

WOTSO Property, a leading provider of flexible workspace solutions, has released its Q3 FY25 business update. The key highlights include:WOTSO's flexspace business continued to build momentum in Q3, with revenue up 8% from the same period last year. The company remains committed to operational and financial discipline as it expands its network.WOTSO continues to expand sustainably with a focus on the suburban and regional markets. The company's network of sites is set to expand further with four new locations opening in Q4, two in owned properties and two in leased sites, and two new locations scheduled to open in Q1 FY26, one in an owned property and one in a leased site.The new locations include North Sydney, NSW (306 desks, leased site), Jamisontown, NSW (118 desks, owned property), Melbourne, VIC (50 desks, partly owned), and Kogarah, NSW, Whangarei, NZ, and Te Tāwharoa, NZ (86 desks, leased site).The update also includes new financial metrics, such as total flexspace area, occupied desks, total desks, total occupancy, total revenue, year-over-year revenue growth, revenue per available desk, and contribution margin. These metrics demonstrate the company's focus on operational and financial discipline as it continues to grow.

WOTSO's Q3 FY25 total revenue was $31.24 million, an 8% increase from the same period last year. The company's contribution margin for the quarter was $1.081 million.

WOTSO remains committed to expanding its network of flexible workspace solutions, with a focus on suburban and regional markets. The company is on track to open four new locations in Q4 FY25 and two more in Q1 FY26, further strengthening its presence and driving future growth.