• Significant investment in MUFG Retirement Solutions and Hong Kong solutions
• Net operating cash flows and cash receipts declined in Q2 but progress made on pipeline and platform development
• Wrkr well positioned to scale up with $7.2m cash balance

Wrkr Ltd (ASX: WRK) announced its Quarterly Activity Report and Appendix 4C for the quarter ending 31 December 2024. The company focused heavily on commercial negotiations, formal technical responses, and security assessments across multiple super funds and HRM providers during the quarter. Significant investment was made in the MUFG Retirement Solutions industry and Hong Kong solutions, with major contracted milestones reached. Although net operating cash flows and cash receipts declined in Q2 compared to Q1, this does not reflect the progression the team made on strengthening pipeline opportunities and significant development of the platform in readiness for PayDay Super. To ensure readiness, Wrkr has invested in its team with key hires, including a Chief Operating Officer, Head of Delivery, Senior Cyber Security Analyst, and 3 Cloud Engineers. With a cash balance of $7.2m at 31 December 2024, Wrkr is well positioned to scale up as required to execute on its sales pipeline. The company continues to focus on investing for growth and carefully managing costs, as reflected in the improvement in the cost-to-income ratio by 17% over the last 12 months.