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Appen Limited (ASX:APX)

ALERT: Price-sensitive ASX Announcement for APX
Current share price for APX : $0.935 -0.615 (-39.68%)+
Announcement
Release
30 Apr 2026 8:30AM
Price at Release
$1.550
Full Release
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Summary
Appen Limited's Q1 FY26 Quarterly Activity Report highlights a revenue increase to $54.8 million, up 9% from the prior corresponding period. The company's underlying EBITDA (before FX) improved by $2.5 million, reaching $1.0 million. Appen China demonstrated significant growth, with a quarterly revenue increase of 88%, amounting to $34.9 million, and an annualised revenue run-rate exceeding $144 million. Conversely, Appen Global experienced a revenue decline of 37%, reflecting typical seasonality and project-based work characteristics. The company continues to expand its AI data operations and remains confident in achieving its FY26 guidance of $270 to $300 million in revenue and an EBITDA margin of 5-10%. Appen maintains a strong cash position with $59.0 million as of 31 March 2026.
Key Points
  • Revenue increased to $54.8 million, up 9% from the previous year.
  • Improvement in underlying EBITDA (before FX) by $2.5 million to $1.0 million.
  • Appen China saw an 88% revenue growth, reaching $34.9 million.
  • Appen Global's revenue decreased by 37%, reflecting seasonality.
  • Strong cash balance of $59.0 million as of 31 March 2026.
  • FY26 guidance of $270 to $300 million in revenue, with 5-10% EBITDA margin reaffirmed.
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.