FRX.ASX: H1 FY26 Results - First Half-Year Profit, Record Cash Flow

H1 FY26 Results - First Half-Year Profit, Record Cash Flow

Stock	Flexiroam Ltd (FRX.ASX)
Release Time	27 Feb 2026, 2:41 p.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Flexiroam Delivers First Half-Year Profit, Record Cash Flow

Key Points

Record Underlying EBITDA of $2.0m, a $3.0m turnaround
Statutory Net Profit of $1.4m, the Company's first NPAT profit in a half-year
Gross Profit increased 6.4% despite 21.7% revenue decline, gross margin expanded 19.2 percentage points to 72.7%

Full Summary

FlexiRoam Limited (ASX:FRX) is pleased to report its half-year financial results for the six months ended 31 December 2025. The Company has delivered its first 1H statutory NPAT profit and record positive operating cash flow. This result validates the operational reset initiated in the second half of FY25 and demonstrates the scalability of the restructured cost base. Key highlights include record Underlying EBITDA of $2.0m, a $3.0m turnaround; statutory net profit of $1.4m, an improvement of $3.5m and the Company's first NPAT profit in a half-year report; gross profit growth of 6.4% to $4.3m despite a 21.7% decline in revenue, reflecting the deliberate exit of low-margin transactional revenue lines and a 19.2 percentage point expansion in gross margin to 72.7%; and record operating cash flow of $1.9m, marking the second consecutive quarter of positive operating cash flow. The Group implemented a comprehensive cost reset, reducing total operating expenses by over 50% compared to the prior corresponding period. The Board is confident that the operational reset has positioned the Group well to scale brand and enterprise partnerships while maintaining financial discipline.

Outlook

Since its commercial launch on 17 December 2025, the Group's AI eSIM Agent has grown to over 15,000 users, validating the Company's AI-first approach to distribution and customer engagement. The Company will continue to invest in AI-driven product development, with significant new capabilities for the Travel direct-to-consumer channel expected to be announced before the end of FY26. On the enterprise side, the brand and partnership pipeline continues to strengthen, building on the Generali and Dialog relationships secured during and subsequent to the period, and the Group's longstanding Mastercard partnership.