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Appen Limited (ASX:APX)

ALERT: Price-sensitive ASX Announcement for APX
Current share price for APX : $1.120 0.23 (25.84%)+
Announcement
Release
28 Aug 2025 8:29AM
Price at Release
$0.890
Full Release
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Summary
Appen Limited announced its H1 FY25 results, showcasing a revenue increase of 2% to $102.1 million, primarily driven by significant growth in the China market, which saw a 67% increase in revenue. Despite challenges in the US AI market, the company remains optimistic, reaffirming its FY25 guidance with anticipated revenue at the lower end of the $235 - $260 million range, and a positive full year underlying EBITDA. The company identified approximately $10 million in annualized cost efficiencies and plans to implement them by the end of FY25. Appen is focusing on technology innovation and automation to capture market opportunities.
Key Points
  • Revenue increased 2% to $102.1 million in H1 FY25.
  • Strong financial performance in China, with a 67% revenue increase.
  • US AI market volatility impacted the overall performance.
  • FY25 revenue expected at low end of $235 - $260 million range.
  • Positive full year underlying EBITDA expected.
  • Identified $10 million in cost efficiencies.
  • Continued execution of technology innovation strategy.
  • Limited visibility for resumption of large LLM projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.