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Appen Limited (ASX:APX)

ALERT: Price-sensitive ASX Announcement for APX
Current share price for APX : $1.028 0.163 (18.79%)+
Announcement
Release
29 Jul 2026 9:13AM
Price at Release
$0.865
Full Release
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Summary
Appen Limited's Q2 FY26 report highlights a strong revenue growth of 26% compared to the prior corresponding period (pcp), totaling $65.1 million. Appen Global reported a quarterly revenue of $23.8 million, marking a 20% increase from Q1 FY26 but a 16% decrease from pcp. The company continues to progress well in capturing growth in the generative AI market, with significant contributions from Appen China, which achieved a 75% revenue growth from pcp and an annualised revenue run-rate exceeding $175 million. The company reaffirms its FY26 guidance with expected revenue between $270 million and $300 million and an underlying EBITDA margin of 5-10%. Cash on hand as of 30 June 2026 was $44.7 million, reflecting a decrease due to operational and investment activities, including expansions in China and investments in data sets and product development. Appen continues to focus on cost efficiencies and revenue growth driven by AI advancements.
Key Points
  • Quarterly revenue of $23.8 million, up 20% vs Q1 FY26.
  • Appen China achieved a 19% revenue growth from Q1, with a run-rate over $175 million.
  • Group revenue increased by 26% compared to the prior corresponding period.
  • FY26 guidance reaffirmed with expected revenue of $270-$300 million and EBITDA margin of 5-10%.
  • Cash balance at 30 June 2026 was $44.7 million, decreased due to operational and expansion costs.
  • Significant growth in the generative AI market and new project wins in diverse domains.
  • Cost efficiency measures continue to be a focus to enhance profitability.
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.