• Achieved positive operating cash flows for a second consecutive year
• Significant commercial successes with Australian Super and Rest Super
• Expanded international presence with launch of Hong Kong pensions platform

Wrkr Ltd (ASX: WRK) is pleased to provide its Appendix 4C and Quarterly Activity Report for the quarter ended 30 June 2025. The quarter has been marked by significant commercial successes, key technology advancements, and strategic strengthening of the company's operational capabilities, laying a robust foundation for future revenue growth and market penetration. Wrkr achieved positive operating cash flows for a second consecutive year, driven by the delivery of development and implementation milestones under its MUFG agreements, 100% retention of its Platform as a Service (PaaS) customers, and growth in SMSF Hub revenues. The company made a strategic decision to continue material investment into the Wrkr platform throughout FY25 to ensure it is robust, scalable, and prepared to onboard substantial new client volumes. This investment resulted in certain costs being brought forward ahead of their corresponding revenue generation, leading to an anticipated EBITDA net loss for FY25. However, Wrkr remains confident that these strategic investments are critical for securing long-term growth, market leadership, and delivering significant shareholder value. The quarter saw Wrkr achieve significant milestones, including a landmark partnership with Australian Super, a successful pilot program with Rest Super, and the launch of its innovative pensions platform for MUFG and HSBC in Hong Kong. The company has also strengthened its delivery capability, appointed a new director to the board, and made progress in automating the Wrkr platform to enhance efficiency and support rapid scaling.

Wrkr anticipates an EBITDA net loss for FY25 due to the strategic decision to continue material investment into the Wrkr platform throughout the year to ensure it is robust, scalable, and prepared to onboard substantial new client volumes. FY26 will continue to see material investment as the company focuses on implementing Australian Super, bringing on additional REST employers, and transitioning MUFG Retirement Solutions' other smaller funds prior to the commencement of PayDay Super.

Wrkr is immensely proud to be partnering with industry leaders such as MUFG Retirement Solutions, AustralianSuper and Rest Super, and these significant projects are anticipated to deliver substantial revenue in FY26 and beyond. The company remains confident that its strategic investments are critical for securing long-term growth, market leadership, and delivering significant shareholder value as it capitalizes on the substantial opportunities presented by the digital transformation of the superannuation industry.