• Successful platform migration in Australia and New Zealand shift to full subscription model
• ARPU growth in Australia and New Zealand reflecting enhanced value proposition
• EBITDA +20% and Free Cash Flow +162% year-on-year

hipages Group, the leading platform to connect homeowners and tradies in Australia and New Zealand, reported a strong set of financial results for FY25. Total revenue grew 10% to $83.1 million, driven by 12% growth in recurring revenue to $80.8 million. The company's EBITDA margin expanded to 24%, up 2 percentage points from the prior year, while Free Cash Flow increased by 162% to $5.6 million. Key strategic milestones included the successful migration of the Australian platform to a single tradie platform and the shift of the New Zealand business to a full subscription model, both of which contributed to ARPU growth of 9% in Australia and 50% in New Zealand. The company's focus on operational efficiency and disciplined cost management also delivered record profitability, with NPAT of $2.4 million. Looking ahead, hipages Group is well-positioned to capture a larger share of the total addressable market, with opportunities to deepen engagement with its existing tradie base and expand its value-added services.

For FY26, hipages Group is targeting total revenue growth of 10-12%, EBITDA margin of 24-26%, and Free Cash Flow of $8-10 million, assuming no material deterioration in macroeconomic conditions.

The company is focused on further enhancing its tradie and homeowner platforms, with continued investment in the single tradie platform, the launch of 'hipages Toolbox' to provide value-added services for tradies, and improvements to the homeowner experience. These initiatives are expected to drive deeper engagement and higher retention across the platform.