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Xref Limited (ASX:XF1)

ALERT: Price-sensitive ASX Announcement for XF1
Current share price for XF1 : $0.061 0.003 (5.17%)+
Announcement
Release
13 Apr 2026 8:32AM
Price at Release
$0.058
Full Release
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Summary
Xref Limited provides a business update for Q3 FY26, showcasing notable financial achievements and strategic advancements. The company reported a sales growth of 4%, achieving $4.5 million in sales for the quarter, with significant contribution from its core Xref platform. The Annual Recurring Revenue (ARR) reached $10.6 million, marking a 54% increase year-on-year. Operational efficiency was enhanced by a 28% reduction in operational expenses, while EBITDA improved to $0.3 million. The company's platform adoption strategy led to a remarkable increase in new leads, opportunities, and client acquisitions. Strategic partnerships with companies like HiBob and Teamtailor, along with product innovations, have positioned Xref for continued growth and competitiveness in the global HR tech market.
Key Points
  • Sales growth achieved at $4.5m, a 4% year-on-year increase.
  • Positive EBITDA performance at $0.3m.
  • ARR growth to $10.6 million, a 54% increase yoy.
  • Operational expenses reduced by 28% to $4.6m.
  • Cash balance stood at $2.0 million as of 31 March 2026.
  • Significant platform adoption with 97% of sales from the new platform.
  • Introduction of next-generation AI-powered Pulse Surveys.
  • Strategic integrations with HiBob and Teamtailor.
  • Focus on operational efficiency and 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.