Qoria Ltd (FMZNF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thanks for joining our December quarterly presentation. And as usual, we'll be going through the presentation and holding questions to the end. Everyone's ability to unmute their microphone is turned off at the moment, but I'll turn that on at the end once we've finished the presentation. So if you raise your hand, I'll be able to do that. You can ask questions through the Q&A function at any time, and we'll again hold those to the end and answer them at the end. and handing over to Tim to take us through the first part of the presentation. Great. Thanks, Ben, and thanks, everyone, for your time and your interest in Korea. It was a very big quarter for us. There was a record adding $12 million of recurring revenue in the quarter, obviously assisted by the foreign exchange, which has been very helpful, and I don't think there's signs of that going the other way. But let's go through it. So we ended the calendar year with... supporting 25 million kids, 7 million parents, 21,000 schools across 100 countries. On the key financial metrics, we had a 12 million recurring revenue. We ended the year at 132 million of ARR. Our operating cash flow was positive again at 4.2, free cash flow negative 1.1, which is just negative, and over the half we had free cash flow of close to $7 million, which is a good result. $40 million of cash, net debt of 11, minus 11. So we're in a really good position for the back half of the financial year, which is the big selling season for this business. I'll talk more about that in a moment. Pleasingly, all segments are growing above industry. I've spent a lot of time analysing our competitors and our industries, and we're in really good shape in all the markets within which we operate. The Australian market had its bigg...