Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Airtasker Ltd (ART.ASX) |
|---|---|
| Release Time | 31 Jul 2025, 9:23 a.m. |
| Price Sensitive | Yes |
Airtasker Delivers Second Consecutive Year of Positive Free Cash Flow
- Full year positive free cash flow of $1.2m
- Airtasker marketplaces revenue growth of 29%
- UK hits $21.0m GMV ARR, revenue up 105% on pcp
In FY25, Airtasker delivered its second consecutive full year of positive free cash flow at $1.2m and in 4Q25 its fourth consecutive quarter of positive free cash flow at $670k, achieved by growing Group revenue 20.6% on pcp to $13.4m. Airtasker finished the quarter in a strong financial position with $19.1m in cash and term deposits on its balance sheet. During 4Q25, Airtasker marketplaces revenue growth accelerated to 28.9% on pcp to $11.7m, driven in part by strong performance in Airtasker's UK and US marketplaces which capitalised on seasonal demand. For the full year FY25, Airtasker marketplaces delivered strong revenue growth of 18.4% to $45.1m. The Airtasker UK marketplace achieved a GMV ARR of $21.0m at 30 June 2025, with revenue up 104.8% on pcp, reflecting a 36.8% increase in posted tasks and a 63.6% increase in GMV. The Airtasker US marketplace continued its momentum with revenue up 754.5% on pcp to US$188k, driven by a 556.3% increase in GMV.
Airtasker's Established Marketplaces in Australia delivered positive EBITDA of $7.0m in 4Q25, including non-cash marketing of $1.2m. After covering all global head office expenditure, the Established Marketplaces delivered positive Australian net EBITDA of $2.5m. Airtasker then invested $9.7m in New Marketplaces, principally in the form of $4.9m in non-cash marketing, resulting in negative Group EBITDA of $7.2m. The negative Group EBITDA is expected to continue in FY26 as Airtasker continues to utilise the non-cash media advertising services from its media partners.
With Airtasker marketplaces revenue growth accelerating to 29% this quarter on pcp combined with Airtasker's second consecutive year of positive free cash flow, the company couldn't be more pumped for what's ahead as it scales its mission across the globe.