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bullish
WRKR Ltd - H1 FY25 metrics in-line
SUMMARY
- RaaS has published an update on superannuation and payroll compliance solutions business Wrkr (ASX:WRK) following its H1 FY25 results in which it delivered a result in line with our expectations and an improvement on H1 FY24.
- Revenue growth was 26%, aided by higher float interest income and project work, while costs were well maintained, rising 13% on the back of higher staff costs (new hires in readiness for client onboarding).
- RaaS adjusted EBITDA was -$0.13m, in-line with forecasts and lower than the -$0.5m in H1 FY24.
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