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Appen Limited (ASX:APX)

ALERT: Price-sensitive ASX Announcement for APX
Current share price for APX : $0.945 -0.38 (-28.68%)+
Announcement
Release
25 Feb 2026 8:39AM
Price at Release
$1.325
Full Release
download
Summary
Appen Limited reported a 4.5% increase in FY25 revenue to $230.8 million, with significant growth driven by its China operations and generative AI projects. The company's gross margin improved to 40.3%, and underlying EBITDA before FX reached $12.2 million, marking a 251% increase from the previous year. While Appen Global saw a decline in revenue, it experienced a robust Q4 with a 56% quarter-on-quarter increase. In contrast, Appen China reported a 75% growth in revenue, exceeding $100 million for the full year. Looking ahead, Appen forecasts FY26 revenue between $270 to $300 million, with an EBITDA margin of 5-10%.
Key Points
  • Appen Limited's FY25 revenue totaled $230.8 million, up 4.5% compared to FY24.
  • Gross margin improved by 100 basis points to 40.3% due to an increased mix of generative AI projects.
  • Underlying EBITDA before FX was reported at $12.2 million, a 251% increase from FY24.
  • Appen Global reported a revenue of $127.9 million for FY25, down 21% from the previous year.
  • Appen China achieved a revenue of $102.9 million in FY25, up 75% from FY24.
  • Strong performance in Q4 with Appen Global seeing a 56% revenue growth quarter-on-quarter.
  • Appen China reported a record profit performance in Q4 with a 13.5% quarterly EBITDA margin.
  • FY26 guidance includes expected revenue of $270 to $300 million and an underlying EBITDA margin of 5-10%.
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.