Freelancer Limited (FLN) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.762 Hello and welcome to the Freelancer Limited full year of 2025 financial results. 00:00:05.762 -- 00:00:08.827 Apologies for the half an hour delay in getting going. 00:00:08.827 -- 00:00:11.713 We had some technical difficulties here in the conference room. 00:00:11.713 -- 00:00:15.159 Not sure what happened. We had a board meeting here last night and overnight the machine 00:00:15.159 -- 00:00:19.307 fried itself. So we've managed to sort that out and I do apologise for the waiting and 00:00:19.307 -- 00:00:24.907 we'll get going now. With me in the room today, I have Chief Financial Officer Neil Katz, 00:00:24.907 -- 00:00:30.075 Vice President of Products Andrew Bateman, August PR from escrow.com, and Mus 00:00:30.075 -- 00:00:32.238 from LoadShift. 00:00:32.238 -- 00:00:37.366 Today, this is the full year of 2025 financial results as we operate in a calendar 00:00:37.366 -- 00:00:42.582 year, and I'll get going. Financial highlights, the group gross marketplace volume, 00:00:42.582 -- 00:00:48.153 which is cash to the business, was $881.5 million, which is down 7.1% in 00:00:48.153 -- 00:00:52.782 FY24. The friends of GMB was up 2.3% at $133.4 00:00:52.782 -- 00:00:55.909 million. Escrow was $748.1 00:00:55.909 -- 00:01:01.028 million, down 8.6%. Group revenue was up 4.1% versus the full 00:01:01.028 -- 00:01:03.273 year 2024 at $55.3 00:01:03.273 -- 00:01:08.426 million. Freelancer revenue was up slightly at $40.9 million. 00:01:08.426 -- 00:01:13.117 And escrow.com set an all-time record of $12.3 million, up 18.8%. 00:01:13.117 -- 00:01:18.128 We recorded an all-time record net profit up to tax of $2.2 million, 00:01:18.128 -- 00:01:22.176 which is up from a small loss in the prior year. 00:01:22.176 -- 00:01:26.245 Estro jus...