Appen Limited (APX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Appen's first half FY25 results webinar. My name is Sam Wells from NWR, and joining me from the company today is CEO and Managing Director Ryan Colm, as well as Chief Financial Officer Justin Miles. Following a brief summary of their results released to the ASX this morning, we will have some time for Q&A from the management team. There will be a choice of two options. First, research analysts will be able to raise your hand via Zoom should you wish to ask a verbal question, or we'll take written submitted questions via the Q&A function at the bottom of your screen. We will endeavour to get to the majority of questions asked, in some cases combining questions on the same or similar topic. And with that, I'll pass it over to you, Ryan. Thank you, Sam. Hello, everyone, and welcome to Append's Half Year Results. I'm joined today by our CFO, Justin Miles. I'll now start with the presentation. So turning to page three, I'll start with an overview of the agenda for today. There'll be four sections to the presentation. First, I'll share some highlights of our H1 results. Second, Justin will provide greater detail on our financial performance. Third, I'll provide an update on our progress against our strategic initiatives. And finally, I'll provide a FY25 outlook and guidance statement. Turning now to slide five. I'm pleased to report that Appen delivered continued momentum in the half. We recorded revenue of US $102.1 million, representing 2% year-on-year growth when excluding the impact of Google. 24% of our revenue for the half was from generative AI-related projects, demonstrating our continued success in supporting foundation model builders. Our performance in China was a standout. Revenue grew 67% year on year, and we exited the h...