Key points
- Revenue of $119.9 million, +17% vs prior corresponding period
- Underlying EBITDA of $5.3 million, a $7.5 million improvement
- Appen China revenue of $76.2 million, +80% vs prior corresponding period
Full summary
Appen Ltd. reported its H1 FY26 results, showcasing a 17% increase in revenue to $119.9 million. The company achieved an underlying EBITDA of $5.3 million, a $7.5 million improvement from the prior corresponding period. Appen China demonstrated robust growth with a revenue increase of 80% to $76.2 million. The business exited the first half with an annualized revenue run-rate exceeding $175 million. Appen Global, though showing a 27% revenue decrease to $43.7 million, made solid progress in its turnaround, with Q2 revenue growing 65% compared to Q1. The company remains confident in its FY26 outlook, reaffirming revenue guidance of $270 - $300 million and an underlying EBITDA margin of 5-10%.
Guidance
FY26 revenue guidance of $270 - $300 million and underlying EBITDA margin of 5-10%
Outlook
Appen remains confident in the AI data market and its potential to contribute to the development of leading foundation models. The company expects to drive technology-led efficiencies across operations.