FY25 Full Year Results Announcement
| Stock | Hipages Group Holdings Ltd (HPG.ASX) |
|---|---|
| Release Time | 22 Aug 2025, 9:07 a.m. |
| Price Sensitive | Yes |
hipages FY25 Results Deliver Strong Growth
- Achieved FY25 guidance for revenue, EBITDA margin and free cash flow
- Free cash flow up 162% to $5.6m, reflecting efficient operating model
- Successful single tradie platform migration, new pricing plans and subscription model implementation
hipages Group Holdings Ltd (ASX: HPG), Australia and New Zealand's leading platform connecting homeowners and tradies, announced its financial results for the 12 months ended 30 June 2025 (FY25). The company achieved its FY25 guidance, delivering 10% revenue growth to $83.1 million, a 20% increase in EBITDA before significant items to $19.6 million, and a 162% jump in free cash flow to $5.6 million. This strong financial performance was driven by a 14% increase in Monthly Recurring Revenue (MRR) to $7.4 million and a 9% growth in Annual Revenue Per User (ARPU) to $2,267. The company's successful execution of strategic initiatives, including the migration of all 33,000 Australian customers to the new single tradie platform Tradiecore, the introduction of new pricing plans in Australia, and the transition of the New Zealand business to a subscription model, were key contributors to the results. The strong cash generation allowed the company to further strengthen its financial position, ending FY25 with $26.9 million in cash and funds on deposit and no debt. Looking ahead, the company is focused on enhancing lead pricing mechanics, matching, and self-serve capabilities, as well as releasing new features within its software solutions and exploring adjacent services to drive further engagement and growth.
For FY26, hipages Group is targeting revenue growth of 10%-12%, EBITDA margin of 24%-26%, and free cash flow of $8-$10 million.
FY26 is set to be a year of momentum and innovation as the company aims to activate engagement of tradies on the platform and unlock the next phase of growth across its marketplaces in Australia and New Zealand. The company is planning the release of powerful new features within its software solutions, with a strong focus on driving adoption and delivering greater value for customers, as well as progressing the embedding of AI across its product and operations.