Wrkr Reports 10.8% Revenue Growth and $2.62M Loss in FY2025

Financial Performance and Strategic Growth

Wrkr Ltd (ASX – WRK), an Australian regulatory technology company, has released its preliminary final report and annual results for the financial year ended 30 June 2025. The company posted a 10.8% increase in revenue to $10.63 million, reflecting steady growth in its core compliance platform services. Importantly, Wrkr narrowed its net loss by 31.2% to $2.62 million, signaling improved operational efficiency and disciplined cost management.

Despite the ongoing losses, Wrkr achieved positive operating cash flows for the second consecutive year, underpinned by strong customer retention and a 14% revenue increase from its Self Managed Super Fund (SMSF) Hub. This financial discipline comes as the company prepares to capitalise on the transformative PayDay Super reforms set to reshape the Australian superannuation landscape.

Capital Raise and Growth Initiatives

In August 2025, Wrkr successfully completed a $15 million institutional placement at $0.09 per share, a modest discount to recent trading prices. The capital injection is earmarked to fund the onboarding of major super funds such as AustralianSuper and Rest, expand platform capabilities to meet PayDay Super compliance requirements, and support working capital needs. The company also plans to develop its sales and support infrastructure to capture opportunities arising from the decommissioning of the ATO Small Business Clearing House.

Wrkr’s strategic partnership with MUFG Retirement Solutions was extended during the year, including a significant contract to deliver a digital platform for AustralianSuper. This partnership, along with a successful pilot of the Rest Superannuation Employer Services Platform, positions Wrkr as a key player in the evolving superannuation compliance ecosystem.

Technology and Talent Investment

The company invested $3.5 million in its Wrkr Platform to ensure readiness for the PayDay Super reforms, focusing on an API-first architecture and enhanced cybersecurity measures. Wrkr also expanded its workforce by 24 employees and contractors, growing its headcount to 66, with a focus on product development, engineering, and cybersecurity expertise. This talent investment is critical to delivering on current contracts and scaling for future growth.

Wrkr’s platform expansion includes a new implementation in Hong Kong for the ORSO superannuation scheme, demonstrating its growing international footprint. The company also strengthened its fraud prevention capabilities through a partnership with Transmit Security, underscoring its commitment to secure and compliant service delivery.

Governance and Outlook

The Board welcomed Duncan McLennan as a Non-Executive Director in July 2025, bringing extensive audit, risk, and governance experience. Meanwhile, Randolf Clinton retired after four years of service. Wrkr’s leadership expressed confidence in the company’s strategic direction, highlighting the platform’s resilience amid economic uncertainties and regulatory changes.

Looking ahead, Wrkr aims to leverage its strengthened balance sheet and partnerships to accelerate growth, particularly through the full implementation of PayDay Super reforms by July 2026. The company is also exploring potential acquisitions or internal development to enhance its compliance offerings and employer SaaS subscriptions.