Key points
- Record underlying EBITDA of $2.4 million
- Statutory net profit after tax of $0.7 million
- Positive operating cash flow of $2.7 million
- Recurring revenue increased to 56% of total revenue
- Cash at bank doubled to $3.5 million
Full summary
Flexiroam Ltd's Annual Report for FY2026 highlights a significant financial turnaround. The company reported a statutory net profit after tax of $0.7 million, marking the first full-year profit since listing. Underlying EBITDA reached a record $2.4 million, and operating cash flow was positive at $2.7 million. Revenue declined to $10.2 million, but the composition improved with recurring revenue increasing to 56%. The company's cash position strengthened, with cash at bank doubling to $3.5 million. The CEO emphasized the strategic shift towards recurring revenue and partnerships, positioning the company for future growth.
Guidance
No formal revenue or earnings guidance provided
Outlook
The company expects discretionary consumer travel demand to remain soft in the near term. FlexiRoam plans to focus on converting signed agreements into revenue, expanding partnerships, and maintaining financial discipline.