• Strong start to FY26 with 1Q26 revenue up 20.5% on pcp
• Airtasker Australia revenue up 12.8% on pcp, on track for solid double-digit growth in FY26
• Airtasker UK and US revenue up significantly, with media partnerships delivering results

Airtasker Limited (ASX:ART) has reported a strong start to FY26, with 1Q26 Airtasker marketplaces revenue up 20.5% on the prior corresponding period (pcp). Airtasker Australia revenue grew 12.8% on pcp and is on track for solid double-digit growth in FY26. The company's international operations have also seen significant growth, with Airtasker UK 1Q26 revenue up 83.3% on pcp and Airtasker USA revenue up 609.1% on pcp, as the company's new market launch playbook delivers results. Airtasker is raising $10m in equity capital to fund a disciplined program of targeted marketing investments in the UK and US, and to provide additional balance sheet flexibility to continue investing alongside media partners. The company has $23m of global media capital remaining on its balance sheet, sourced via equity and issuer-convertible notes. The equity raise will commence in the northern hemisphere 2Q26 low season, with acceleration in growth expected in 3Q26 and 4Q26 high seasons.

Airtasker Australia generated cash flows of ~$34.6m in FY25 (up 11.6% on FY24) after covering all Australian operating costs, and ~$15.2m in FY25 (up 18.8% on FY24) after covering all global head office cash expenditure, demonstrating increasing operating leverage.

Airtasker's media partnership strategy is designed to enable acceleration of brand awareness and market penetration with minimal cash outlay, with the company investing alongside its media partners to continue to foster further media-for-equity transactions and create balance sheet flexibility. The company is currently exploring additional media partnerships and has completed an expansion of its strategic partnership with existing media partner, iHeartMedia.