• Third consecutive quarter of positive operating cash flow
• Successful $15m capital raise completed in August 2025
• Continued strategic capital investment in platform scalability and readiness

Wrkr Ltd (ASX: WRK) has reported its Appendix 4C and Quarterly Activity Report for the quarter ended 30 September 2025. The company delivered its third consecutive quarter of positive operating cash flow, reflecting continued operational strength and disciplined execution. Cash receipts of $4 million during the quarter were primarily driven by achievement of implementation milestones, collection of overdue invoices, annual licence renewal from the largest Platform-as-a-Service customer, and consistent recurring revenues from Wrkr PAY transactional activity. Operating expenses increased to $3.4 million, reflecting continued investment in security, compliance, and resourcing to support growth ambitions and delivery capability. Wrkr successfully completed a $15 million capital raise in August 2025, positioning the company well to invest in strategic growth initiatives, fund integration costs for potential acquisitions, and enhance its solution, sales, and support infrastructure. The company continued to invest in its platform, including strengthening in-platform fraud mitigation measures, advancing the API strategy, and developing a small business clearing house solution. Looking ahead, Wrkr expects to accelerate expenditure in several key areas, such as project delivery, labour flexibility, security and site reliability, quality assurance, and marketing, which will increase negative EBITDA in FY26. The company reported continued progress across its key strategic pillars of market expansion, including the advancement of its partnerships with REST Super and AustralianSuper, the launch of the latest version of the Wrkr branded solution, and the organic growth of its SMSF Hub.

Wrkr does not expect the positive operating cash flow in Q1 FY26 to be representative of the remaining quarters in FY26. The company will accelerate expenditure in several key areas, including project delivery, labour flexibility, security and site reliability, quality assurance, and marketing, which will increase negative EBITDA in FY26.

Wrkr is well-positioned to execute on its strategic growth initiatives, with a strong cash balance of $18.75 million as of 30 September 2025. The company is focused on expanding its user base, funding potential bolt-on acquisitions, and enhancing its solution, sales, and support infrastructure to service current users of the ATO Small Business Clearing House as it is decommissioned.