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wrkr Ltd (ASX:WRK)

ALERT: Price-sensitive ASX Announcement for WRK
Current share price for WRK : $0.075 -0.063 (-45.45%)+
Announcement
Release
30 Oct 2025 9:42AM
Price at Release
$0.138
Full Release
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Summary
Wrkr Ltd reported a strong performance for Q1 FY26, highlighted by its third consecutive quarter of positive operating cash flow, amounting to $616k. Cash receipts of $4 million were bolstered by key milestones achieved with MUFG agreements and overdue invoice collections. The company successfully completed a $15 million capital raise in August 2025, enhancing its strategic growth initiatives and platform investments. Despite increased operating expenses of $3.4 million, Wrkr plans substantial investments in readiness for significant client onboarding, including REST and AustralianSuper, and enhancing platform capabilities. The quarter also saw Wrkr preparing for the decommissioning of the ATO Small Business Clearing House by developing a replacement solution. The company anticipates increased expenditures impacting its negative EBITDA in FY26 as it invests in project delivery, operational flexibility, security, and marketing efforts.
Key Points
  • Third consecutive quarter of positive operating cash flow: $616k.
  • Cash receipts driven by MUFG milestones and overdue collections.
  • Successful $15 million capital raise in August 2025.
  • Increased operating expenses to $3.4 million due to strategic investments.
  • Preparing for major client onboarding with REST and AustralianSuper.
  • Developing a replacement for the ATO Small Business Clearing House.
  • Anticipated increased expenditures and negative EBITDA in FY26.
  • Investments in project delivery, operational flexibility, and marketing.
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.