Frontier Digital Ventures Ltd. · ASX:FDV
Frontier Digital Ventures — FY2025 Earnings Presentation
34 slides from Frontier Digital Ventures's earnings presentation, Apr 2, 2026
Slide 1: Leading online classifieds marketplaces in emerging regions: FY2025 Results Presentation
Leading online classifieds marketplaces in emerging regions FY2025 Results Presentation ASX: FDV | 2 April 2026
Slide 2: Contents
CONTENTS 1. FDV Overview 3 2. FY2025 Group Financial Results 9 3. Operational Highlights by Region 15 4. Additional Information 30 2
Slide 3: FDV Overview
FDV Overview 3
Slide 4: About FDV
ABOUT FDV Leading online classifieds marketplaces in emerging regions LATAM Proven classifieds marketplace model 100% ownership Classifieds marketplaces play a central role in formalising markets, with FDV focusing on high value consumer goods – property and automotive. Classifieds have been some of
Slide 5: FDV Strategic Priorities
FDV STRATEGIC PRIORITIES Core business focus Margin expansion Mergers & acquisitions Core business at the Price optimisation and Accretive M&A centre of growth cost control opportunities ▪ Focus on fundamentals ▪ Operational and ▪ Bolt-on deals in existing of high-margin organisational discipline ma
Slide 6: FDV's North Star
FDV’S NORTH STAR Expand EBITDA margin to >40% ▪ FY2025 margin of 10% points to significant upside potential ▪ Classifieds platforms consistently operate at >50% EBITDA margins1. Increase take rate2 ▪ Take rate is currently c.<1% on average, indicating substantial headroom for revenue growth through
Slide 7: Key Updates Since New Management Appointment on Sept 2025
KEY UPDATES SINCE NEW MANAGEMENT APPOINTMENT ON 25 SEPT 2025 Refocusing on core business ▪ Terminated non-core, low-margin, loss-making revenue lines and businesses ▪ Rebundled, rationalised and harmonised subscription packages and repriced depth/premium products ▪ Improved tech platforms to facilit
Slide 8: 1Q 2026 Performance Forecast
1Q 2026 PERFORMANCE FORECAST1 Business updates ▪ All businesses performed broadly in line with budgets in EBITDA margin 1Q 2026 Statutory EBITDA c.15% ▪ Primary price increase initiatives rolled out through the >A$1.5m quarter progressively by market and category of customer + >80% vs pcp vs c. 6% p
Slide 9: FY2025 Group Financial Results
FY2025 Group Financial Results 9
Slide 10: FY2025 Group Financial Highlights
FY2025 GROUP FINANCIAL HIGHLIGHTS Statutory revenue declined due to termination of non-core, low-margin, loss making revenue lines and businesses Statutory revenue Statutory EBITDA A$54.8m A$5.5m -18% in 2025 +205% in 2025 Cash balance EBITDA incl. Associates A$9.2m A$9.1m at 31 December 2025 +190%
Slide 11: Financial Profile
FINANCIAL PROFILE EBITDA growth driven by rationalisation of operations and cost base Group Operating Revenue Group Operating EBITDA EBITDA inc. Statutory revenue Statutory EBITDA Associates 9.1 Share of EBITDA 3.6 from 66.4 67.0 5.5 Associates 2H 3.8 0.0 2.3 57.4 54.8 3.1 Statutory 49.9 2.8 1.8 1.3
Slide 12: Revenue Breakdown
REVENUE BREAKDOWN LATAM Statutory revenue breakdown (A$m) ▪ A$39.4m revenue in FY2025, a 25% decrease from FY2024 related to termination of non-core, low-margin, loss making revenue lines and businesses. Reduction is a result of proactive strategic decisions in H2 -18% ▪ This revenue decline does no
Slide 13: Operating Expenses Breakdown
OPERATING EXPENSES BREAKDOWN Statutory operating expenses breakdown (A$m) Group operating expenses FY2024 FY2025 ▪ A$49.4m total group expenses in FY2025, a 24% decrease from FY2024 as a result of cost reduction initiatives ▪ The full-year effect of the reduction in operating expenses will be Employ
Slide 14: EBITDA Breakdown
EBITDA BREAKDOWN 205% increase in statutory EBITDA Group Operating EBITDA and Margin (A$m) 10 Group statutory EBITDA 9.1 9 Statutory EBITDA of A$5.5m in FY2025, increasing 205% Share of from A$1.8m in FY2024, including: 8 EBITDA from 7 +190% 3.6 ▪ LATAM EBITDA of A$7.1m, increasing 69% on pcp Associ
Slide 15: Operational Highlights by Region
Operational Highlights by Region 15
Slide 16: LATAM Update
LATAM LATAM UPDATE Revenue EBITDA and margin Revenue by category (A$m) (A$m) $1.1 Yapo 8.0 7.1 52.8 7.0 +69% Transactions1, vs pcp 6.0 $3.9 Encuentra24 19% 39.4 5.0 +18% Events, 7% 4.2 margin -25% 4.0 Classifieds, vs pcp 3.0 Advertising, 6% 69% +8% 2.0 $3.4 Fincaraiz margin 1.0 - -$0.1 InfoCasas 2 F
Slide 17: Fincaraiz Update
LATAM FINCARAIZ UPDATE Revenue EBITDA Free cash flow1 (A$m) (A$m) (A$m) $14.1 $13.0 4.0 +39% 80% 90% 2.7 $3.4 -8% 1.5 3.5 vs pcp $1.0 70% +879% $0.9 vs pcp 1.4 3.0 70% 2.3 60% vs pcp $2.4 1.0 1.9 2.5 50% 50% $0.5 2.0 40% 26% 26% 1.5 30% -$0.1 30% 17% 8.0 8.2 1.0 $0.0 20% FY2024 FY2025 10% 0.5 10% 0.
Slide 18: Fincaraiz Update
FDV FINCARAIZ UPDATE LATAM FY 2025 Classifieds business PCP growth summary Classifieds revenue by vertical Commentary Revenue Customer1 ARPU2 • In 2H 2025, focus was harmonising the bundles made available to existing clients and automating credit card Agents +1% +3% -2% 19% payments Agents Developer
Slide 19: InfoCasas Update
LATAM INFOCASAS UPDATE Revenue EBITDA Free cash flow1 (A$m) (A$m) (A$) $19.4 0.7 10% -58% $0.6 vs pcp 0.6 8% 0.5 -125% $0.2 13% 20% 14.7 0.4 vs pcp 6% $0.1 10% $0.1 $8.1 0.3 0% 3% 4% $0.0 -10% 0.2 -$0.1 FY2024 FY2024 FY2025 -20% 4.0 -$0.1 -19.1k 1.4 0.1 -$0.1 2% -$0.2 -45% -30% 0.5 2.9 0.0 -$0.2 -40
Slide 20: InfoCasas Update
LATAM INFOCASAS UPDATE FY 2025 Classifieds business PCP growth summary Classifieds revenue by vertical Commentary Revenue Customer1 ARPU2 • Classifieds revenue growth was primarily driven by increased agent Agents 8% acquisition and ARPU growth following +13% +4% +10% 9% Agents the price increase fr
Slide 21: Encuentra24 Update
LATAM ENCUENTRA 24 UPDATE Revenue EBITDA Free cash flow1 (A$m) (A$m) (A$m) 15.0 +2% vs pcp $11.9 13.0 $11.7 4.5 80% $3.9 $3.0 $2.6 11.0 0.8 0.7 4.0 +168% 70% +1540% 120% 1.3 3.5 $2.5 9.0 1.0 vs pcp 60% vs pcp 66% 3.0 $2.0 50% 70% 3.4 3.8 7.0 2.5 33% 40% $1.5 2.0 $1.5 20% 5.0 1.5 30% $1.0 11% 3.0 5.8
Slide 22: Encuentra24 Update
LATAM ENCUENTRA 24 UPDATE FY 2025 Classifieds business PCP growth summary Classifieds revenue by vertical Commentary Revenue Customer1 ARPU2 • In 2H 2025, focus was harmonising the bundles made available to existing Agents 1% Agents clients and automating credit card (Real Estate) -1% -8% +7% paymen
Slide 23: Yapo Update
LATAM YAPO UPDATE Revenue EBITDA Free cash flow1 (A$m) (A$m) (A$m) $7.6 $1.1 7% 0.8 1.2 40%$200k 0% $6.5 35%$100k $84k 0.5 1.0 +242% $0k 1.2 -15% 0.9 vs pcp 30% FY2024 -100% vs pcp 0.8 -$100k FY2024 FY2025 0.4 25% -$200k 2.2 18% -200% 2.3 0.6 20% -$300k -$400k 0.4 $0.3 15% -$500k -242% -300% 10% -$6
Slide 24: Yapo Update
LATAM YAPO UPDATE FY 2025 Classifieds business PCP growth summary Classifieds revenue by vertical Commentary • Classifieds revenue decreased Revenue Customer1 ARPU2 4% 9% on pcp as agents and dealers Agents (Real Estate) have begun sharing higher tier -13% -21% +10% Agents accounts, decreasing uniqu
Slide 25: Morocco Update
MOROCCO MOROCCO UPDATE Revenue EBITDA1 and margin (A$m) Revenue by category (A$m) +13% 1.0 Transactions2,14% 10.3 vs pcp 0.8 0.8 Events, 9% 9.1 0.8 -1% 0.6 vs pcp +8% +7% 0.4 margin margin Advertising, 27% Classifieds, 0.2 59% - FY2024 3 FY2025 FY2024 FY2025 • Revenue of A$10.3m, increasing 13% on •
Slide 26: Avito Group Update
MOROCCO AVITO GROUP UPDATE Revenue EBITDA1 Free cash flow2 (A$m) (A$m) (A$m) $9.6 0.9 $0.9 $0.8 30% -17% 0.7 $0.6 120% $8.5 0.8 vs pcp +14% -1% 25% 0.6 $0.5 0.6 vs pcp 1.1 0.7 100% vs pcp 2.6 0.6 20% 0.5 71% 80% 2.6 0.5 0.4 60% 15% 0.4 60% 1.8 10% 1.6 9% 0.3 0.3 10% 0.2 40% 0.2 3.5 3.9 5%0.1 20% 0.1
Slide 27: Avito Group Update
MOROCCO AVITO GROUP UPDATE FY 2025 Classifieds business PCP growth summary Classifieds revenue by vertical Commentary Revenue Customer1 ARPU2 • Classifieds revenue from Agents developers increased, driven by Agents (Real Estate) +0% -4% +4% 7% 17% higher customer acquisition Developers following the
Slide 28: Asia Update
ASIA ASIA UPDATE Revenue EBITDA and margin Revenue by category (A$m) (A$) $6.0 $5.1 $5.1 $5.0 $398k $0.9 +0% $1.0 $366k Classifieds, 30% $119k LankaPropertyWeb $4.0 vs pcp -8% Transactions1, vs pcp $3.0 $2.2 50% $2.4 +8% $2.0 margin +7% Autodeal margin $318k $1.0 $2.0 $1.6 $0.0 Advertising, 11% FY20
Slide 29: Pakistan Update
ASSOCIATES PAKISTAN UPDATE Revenue EBITDA and margin Revenue by category (A$m) (A$m) +24% 15.1 margin 16.00 12.7 4.00 3.6 14.00 3.4 3.50 Classifieds, 30% 12.00 +19% 0.9 2.3 3.00 +11% vs pcp 10.00 2.50 margin 8.00 2.00 +169% 1.3 vs pcp 6.00 11.7 1.50 2.7 Advertising, 3% 10.4 Transactions1, 4.00 1.00
Slide 30: Additional Information
Additional information 30
Slide 31: Statutory Revenue by Brand
STATUTORY REVENUE BY BRAND Accounting treatment 2025 Restated 2024 Growth LATAM 39,441,278 52,827,484 (25%) InfoCasas Consolidated 8,082,674 19,426,848 (58%) Fincaraíz Consolidated 12,990,793 14,139,554 (8%) Encuentra24 Consolidated 11,916,340 11,649,089 2% Yapo Consolidated 6,451,471 7,611,993 (15%
Slide 32: Statutory EBITDA by Brand
STATUTORY EBITDA BY BRAND 2025 EBITDA & margin 2024 EBITDA & margin Accounting treatment EBITDA Change (absolute terms) A$ % A$ % LATAM 7,142,371 18% 4,225,134 8% 2,917,237 InfoCasas Consolidated (142,408) (2%) 575,399 3% (717,807) Fincaraíz Consolidated 3,380,711 26% 2,429,491 17% 951,220 Encuentra
Slide 33: 2025 Summary Results
2025 SUMMARY RESULTS (Restated) 1. Group statutory revenue: A$54.8m statutory revenue in FY25, Change decreased 18% on 2024, due to the cessation of loss making and low 2025 2024 margin non-core revenue streams, focussing on core classifieds Summary of core operating results from continuing business
Slide 34: Contact Us
CONTACT US PRINCIPAL OFFICE 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia www.frontierdv.com www.frontierdv.com ABOUT FDV This announcement is authorised for release by the Board Frontier Digital Ventures (FDV) is a leading owner and operator of of Directors of Fro
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