• Significant in-year turnaround following CEO change in Dec 2024
• H2 EBITDA of $1.5M, NPAT of $0.1M after H1 losses
• 53% reduction in operating expenses in H2

FY25 was a year of two distinct halves for FlexiRoam, marked by a pivotal turnaround in the second half following the appointment of a new CEO in December 2024. In the first half, the company faced a high, unsustainable cost base, resulting in an EBITDA loss of $0.9M and a Net Loss After Tax (NPAT) of $2.1M. However, in the second half, the company implemented a disciplined operational reset, reducing operating expenses by 53%. This resulted in a positive EBITDA of $1.5M and a positive NPAT of $0.1M. The full-year results, including an 8.6% decline in revenue, reflect this strategic shift, which involved exiting lower-margin channels to improve earnings quality and establish a profitable foundation for FY26. The company ended the financial year with a cash balance of $1.6M, which has subsequently increased to $2.8M as of 31 July 2025, reflecting strong operating cash flows.

FlexiRoam expects to maintain the positive EBITDA achieved in H2 FY25 while scaling its partner programs across airlines, banks, insurance, and loyalty sectors in FY26. The launch of a simpler, AI-assisted connectivity platform in Q2 FY26 is expected to enhance the user experience and provide partners with new tools for integration.

In FY26, FlexiRoam will focus on leveraging the operational reset to drive profitable growth, with key initiatives including scaling brand partnerships, launching a new connectivity platform, and maintaining financial discipline to protect the positive EBITDA achieved in H2 FY25.