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Xref Limited (ASX:XF1)

ALERT: Price-sensitive ASX Announcement for XF1
Current share price for XF1 : $0.060 -0.13 (-68.42%)+
Announcement
Release
28 Aug 2025 8:28AM
Price at Release
$0.190
Full Release
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Summary
The Preliminary Final Report for Xref Limited for the financial year ending 30 June 2025 shows significant improvements with revenues from ordinary activities increasing by 7% to $21.3 million. The loss from ordinary activities after tax decreased significantly by 66% to $1.95 million. No dividends were declared during the year. Basic and diluted earnings per share were both reported at a loss of 0.995 cents. The year was marked by strategic changes including a transition to a SaaS business model, new product launches, and cost restructuring. Financial results showed a reduced net loss of $2.4 million, positive EBITDA of $2.3 million, and a net cash generation of $1.3 million. The outlook for 2026 is optimistic with a focus on sales growth, expense management, and product development driven by AI technologies. The financial statements were audited and received an unqualified opinion.
Key Points
  • Revenues increased by 7% to $21.3 million.
  • Loss after tax decreased by 66% to $1.95 million.
  • No dividends were declared.
  • Basic and diluted EPS loss was 0.995 cents.
  • Transition to SaaS business model and new product launches.
  • Strategic review and cost restructuring undertaken.
  • Net loss of $2.4 million, positive EBITDA of $2.3 million.
  • Net cash generated in operations was $1.3 million.
  • Positive outlook for 2026 with focus on sales, expense management, and AI-driven product development.
  • Financial statements audited with an unqualified opinion.
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.