• Platform SaaS annual recurring revenue (ARR) grew 27% year-on-year
• Signed over $2.7m in total contract value across Australia, Philippines and overseas
• Total cash receipts from customers increased 135% year-on-year

OpenLearning Limited (ASX: OLL) delivered another strong quarter, with platform Software-as-a-Service (SaaS) annual recurring revenue (ARR) growth accelerating to 27% year-on-year and 7% since last quarter to $2.832 million. This growth was driven by new SaaS subscriptions in all the Company's markets and an increase in the average deal size. OpenLearning signed over $2.7m in total contract value across Australia, Philippines and overseas in 2025 to date, with the potential to increase further based on usage. Total cash receipts from customers increased 135% year-on-year to $1.32 million while SaaS cash receipts surged by 231% to $0.833 million in Q3 FY25, driven by strong growth in new SaaS subscriptions and renewals of existing contracts. The Company made significant progress in expanding its LMS business beyond the Australian and Southeast Asian higher education sector, securing new partnerships and customers across key emerging and developed markets including Brazil, Australia, the United Arab Emirates, India, Indonesia and Vietnam. OpenLearning also successfully completed a $2.6 million equity placement, strengthening its balance sheet and positioning the Company to achieve cash flow breakeven within 18 months.

OpenLearning is targeting to achieve cash flow breakeven within 18 months.

With a strengthened balance sheet following the recent capital raise, OpenLearning is well funded to continue expanding internationally and to reach cash flow breakeven within the next 18 months. The combination of strong execution, product innovation, and increasing demand from universities positions OpenLearning to scale rapidly and capture a significant share of the global education technology market.