• Annualised recurring revenue (ARR) reached a record $12.2 million
• Signed a number of affiliate agreements, subject to trial results
• 17 trials in progress with Meta, with conversion to contracts expected in Q4

Adveritas Limited (ASX: AV1), a global digital marketing anti-fraud specialist, has reported its results for the September 2025 quarter. Key highlights include:- Annualised recurring revenue (ARR) reached a record $12.2 million at 30 September 2025, up 16% from $10.5 million at 30 June 2025. ARR has grown by 84% in the 12 months from September 2024 and by 196% in the two years from September 2023.- The company signed a number of affiliate agreements in the quarter, subject to trial results which will be finalised in the December quarter. Adveritas' affiliate solution addresses the issue of low quality/invalid traffic in affiliate programmes, which constrains growth and decreases advertiser profitability.- Following approval from Meta Platforms Inc for the integration of its social media platforms with TrafficGuard, 17 trials are in progress with conversion to contracts expected in the December quarter. This move into servicing Meta's social media platforms potentially doubles the addressable opportunity for TrafficGuard.- Operating expenditure was approximately $3.8 million, in line with disciplined growth investment. The company maintains a strong cash balance of $6.9 million to fund planned growth initiatives.- Adveritas is also making progress in its expansion into the US market, with a record trial pipeline being built and the potential to convert into annual contracts valued at approximately $750,000. There are also a number of qualified opportunities progressing toward trial which could generate a further $1.2 million if successfully converted.

The company expects a significant increase in cash receipts in the December 2025 quarter.

Adveritas' outlook remains strong, driven by advancing its artificial intelligence strategies, continued expansion in the global sports betting and online gaming market, expanding product channels and opening up new growth verticals, and focus on entering into additional agency partnership agreements.