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Flexiroam Limited (ASX:FRX)

ALERT: Price-sensitive ASX Announcement for FRX
Current share price for FRX : $0.020 -0.003 (-13.04%)+
Announcement
Release
7 Sep 2026 8:25AM
Price at Release
$0.023
Full Release
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Summary
FlexiRoam Limited’s FY26 Full Year Results Presentation for the Australian financial year ended 30 June 2026 reports the company’s first full-year statutory profit and first full year of positive operating cash flow since listing, with revenue of A$10.2 million, statutory NPAT of A$0.7 million, operating cash flow of A$2.7 million, cash of A$3.5 million and underlying EBITDA of A$2.4 million despite a 25% revenue decline caused by exiting unprofitable consumer acquisition channels and softer discretionary travel demand; the business shifted toward higher-quality recurring revenue, which rose to 56% of total revenue and 66% in Q4 FY26, while operating expenses fell 40% and the balance sheet improved to positive net current assets and A$4.1 million net assets without new equity or debt, supported by a strategy centred on travel connectivity, brand-funded embedded data partnerships and enterprise connectivity, including expansion of the Mastercard channel to 418 banks and 1,270 card programs, early rollout with Tune Protect, a signed Dragonpass agreement, live or signed B2B agreements with Etihad, DIALOG, Paydibs and an Australian payments group, and continued investment in the flexiroam.ai platform, with management indicating that most recently signed agreements are expected to contribute progressively from FY27 while no formal earnings guidance is provided.
Key Points
  • FY26 was FlexiRoam’s first profitable and cash-generative full financial year since listing.
  • Revenue was A$10.2 million, down 25% from FY25, reflecting the exit from unprofitable consumer channels and softer travel demand.
  • Statutory NPAT was A$0.7 million, improving by A$2.7 million from the FY25 loss.
  • Net operating cash flow was A$2.7 million and was positive in every quarter of FY26.
  • Cash at 30 June 2026 more than doubled to A$3.5 million, with no equity raised and no new debt drawn.
  • Net current assets turned positive at A$0.4 million, the first positive year-end position since 2017.
  • Underlying EBITDA reached a record A$2.4 million with a 24% margin.
  • Recurring revenue increased to 56% of total revenue for FY26 and 66% in Q4 FY26.
  • Travel Connectivity revenue was A$9.0 million and B2B Solutions revenue was A$1.2 million.
  • Operating expenses fell 40% as marketing, network and employee costs were reduced and AI improved efficiency.
  • The Mastercard channel expanded to 418 banks, 1,270 card programs and 78 countries by 30 June 2026.
  • Tune Protect was live in early-stage rollout and Dragonpass was signed with contribution expected from FY27.
  • Enterprise agreements with Etihad, DIALOG, Paydibs and an Australian payments group are expected to build progressively from FY27.
  • The flexiroam.ai platform enables WhatsApp-based activation and support in 70+ languages and reduced human-handled tickets by 31%.
  • For FY27, the company plans to deploy signed partnerships, extend into further industries, keep investing in AI and maintain financial discipline, while noting near-term softness in discretionary consumer travel demand.
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.