• Delivers positive underlying EBITDA and FCF for FY25
• ARR increased 30.6% or 27.2% (cc,organic) to $273.0m
• Total revenue increased 17.7% or 19.2% (cc,organic) to $224.3m

SiteMinder Limited (ASX:SDR) has today released its results for the twelve months ended 30 June 2025 (FY25). SiteMinder is gaining momentum, with its annual recurring revenue (ARR) and revenue growth accelerating. This is on the back of strong property additions, which are being executed at improving unit economics, and Smart Platform successes. For the first time, SiteMinder concurrently delivered positive annual underlying EBITDA and FCF, an important milestone serving as the foundation for sustained momentum in FY26 and beyond. Key highlights include: ARR increased 30.6% or 27.2% (cc,organic) to $273.0m, accelerating from 22.0% (cc,organic) in H1FY25; Total revenue increased 17.7% or 19.2% (cc,organic) to $224.3m, with growth accelerating from 17.2% (cc,organic) in H1FY25 to 21.0% (cc,organic) in H2FY25; Subscription revenue increased 13.6% or 12.4% (cc,organic) to $139.1m, with growth accelerating in H2FY25; Transactional revenue, which included Smart Platform contributions, increased 24.8% or 32.2% (cc,organic) to $85.3m, with growth accelerating in H2FY25; Net property additions was 5.6k, bringing total properties to 50.1k; LTV/CAC improved from 5.4x in FY24 to 6.2x; Underlying EBITDA was positive $14.3m, improving from $0.9m in FY24; Underlying free cash flow was positive $4.7m, improving from ($6.4)m in FY24.

Building on FY25's 27.2% ARR growth (cc,organic) and second-half revenue momentum, SiteMinder is positioned to deliver strong ARR and revenue growth (cc,organic) in FY26, while continuing to improve underlying EBITDA, free cash flow, and Rule of 40 performance.

The Smart Platform remains early in its adoption and monetisation curve, providing significant long-term potential across SiteMinder's global footprint. As the Smart Platform scales and matures, it positions SiteMinder to accelerate towards 30% revenue growth in the medium term, while maintaining profitability discipline and continued optimisation of Rule of 40 performance.