• Revenue grew 9% to $42.2 million
• Loss before tax reduced 12% to $36.0 million
• Cashflow breakeven target achieved in June 2025

Dubber Corporation Ltd has reported its FY25 results, with revenue growing 9% to $42.2 million. The Europe segment saw a 2% revenue increase, the Americas segment grew 29%, and the Rest of World segment grew 8%. Direct costs decreased by 8%, leading to gross margins improving to 70% from 65% in FY24. Salaries and related expenses were down 24%, and general and administration costs decreased 15%, resulting in a 60% reduction in loss before depreciation, amortisation, impairment, interest and tax to $9.8 million. The group recognised goodwill impairment charges of $10.6 million and intangible asset impairment of $6.9 million, primarily related to the non-renewal of the VMO2 mobile voice recording contract. The company recorded a loss before income tax of $36.0 million, a 12% reduction on FY24. The company achieved its target of underlying run-rate cashflow breakeven in June 2025.

The Group achieved its target of underlying run-rate cashflow breakeven in the month of June 2025. However, the Group was notified in late FY25 that VMO2 would not renew their mobile voice recording contract which will impact FY26 revenue and gross margin. The company expects to return to a cashflow positive position during FY26.

In addition to returning the company to a cashflow positive position during FY26, the Company is focussed on implementing an industry vertical sales strategy, expanding its CSP partner base, improving its CSP partners' ability to sell, continuing product evolution, deploying its new recorder, uplifting AI sales, driving a results culture, and finding cost improvements and productivity gains.