• Positive free cash flow of $0.5m and operating cash flow of $1.0m
• Airtasker marketplaces revenue up 15.8% on prior comparative period
• UK revenue up 95.2% and US revenue up 278.6% on prior comparative period

Airtasker continued to deliver positive free cash flow in Q2 FY25 of $0.5m and operating cash flow of $1.0m, up 40% on the prior comparative period. The positive free cash flow was achieved by growing Group revenue by 11.4% to $13.6m, with Airtasker marketplaces revenue growing 15.8% to $11.7m. The Australian marketplace saw double-digit revenue growth of 12.8%, driven by strong consumer demand and improvements in marketplace reliability. In the UK, Airtasker secured additional media capital investment from Channel 4, which helped drive a 95.2% increase in UK revenue. In the US, Airtasker secured significant media partnerships, which supported a 278.6% increase in US revenue. Airtasker's Established Marketplaces segment delivered positive EBITDA of $6.9m, which included non-cash marketing of $1.9m. After covering global head office expenditure, the Established Marketplaces segment delivered positive Australian net EBITDA of $2.0m. The Group EBITDA was a $6.3m loss, which included an $8.3m net investment in the UK and US markets. Airtasker finished the quarter with $18.3m in cash and term deposits and reaffirmed guidance for positive Group free cash flow in FY25.

Airtasker reaffirms guidance for positive Group free cash flow in FY25.

Airtasker is well-positioned for the next phase of its global expansion, with over $51m in media capital secured from global media partners and strong revenue growth momentum in the UK and US markets.