• Achieved FY25 guidance for revenue growth, EBITDA margin and free cash flow
• Free cash flow up 162% to $5.619 million, with $26.901 million cash and no debt
• Revenue up 10% to $83.149 million, with MRR up 14% to $7.37 million

For the 12 months ended 30 June 2025, hipages Group delivered continued growth in its key financial and operating metrics. Total revenue for FY25 was $83.149 million, up 10%, while recurring revenue of $80.796 million was up 12% and comprising 97% of total revenue. MRR grew 14% to $7.37 million at June 2025. EBITDA before significant items was up 20% to $19.628 million, reflecting an EBITDA margin of 24%, up 2 percentage points. Free cash flow increased 162% to $5.619 million, further strengthening the Group's financial position with $26.901 million cash and funds on deposit and no debt as at 30 June 2025. Subscription tradies were stable at 36,647, as tradies continue to join at record yields. ARPU growth continued in FY25, up 9% to $2,267, and up 8% to $2,381 for the core hipages business in Australia, supported by increased subscription pricing and intelligent lead pricing. The Group successfully completed the migration of hipages Australia's tradies to the new app, with ongoing migration to new price plans. FY25 was a year of significant delivery for hipages Group as the Company progressed its strategic evolution.

The Group achieved FY25 guidance for revenue growth, EBITDA margin and free cash flow.