Appendix 4E-Directors' Report and Financial Statements FY26

• Revenues from ordinary activities down 10.2% to $19,143,411
• Loss from ordinary activities after tax down 77.9% to $(432,066)
• Underlying EBITDA increased by 75.6% to $4.7m
• New platform ARR grew 50.1% to $11.2m
• Completed refinancing with CBA for $6.3 million

Xref Ltd released its FY26 financial results, highlighting a notable reduction in loss and strategic growth. The company reported a 10.2% decrease in revenues from ordinary activities to $19,143,411, and a 77.9% reduction in loss from ordinary activities after tax to $(432,066). Underlying EBITDA saw a substantial 75.6% increase to $4.7 million, reflecting operational efficiency gains from AI integration and platform consolidation. The new platform's Annual Recurring Revenue (ARR) grew by 50.1% to $11.2 million, now accounting for 71.1% of total Group ARR. The company also completed a refinancing with the Commonwealth Bank of Australia, securing a $6.3 million facility to strengthen its liquidity position.

Underlying EBITDA expected to increase by 75.6% in FY27

Xref Ltd is well-positioned for growth in FY27, focusing on accelerating legacy migration, driving growth through strategic upsells, optimizing lead flow conversion, and maintaining client retention.