Freelancer Ltd. ( (FLNCF) ) has released its Q2 earnings. Here is a breakdown of the information Freelancer Ltd. presented to its investors.
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Freelancer Ltd. operates as an online outsourcing marketplace and provides escrow payment services, primarily in the technology sector, offering a platform for freelancers and employers to connect globally.
In its latest earnings report for the half-year ended June 30, 2025, Freelancer Ltd. showcased a significant financial turnaround, reporting a net profit after tax of $1.9 million compared to a loss of $1.0 million in the previous year, alongside an 8.5% increase in revenue to $27.1 million.
Key financial highlights include a substantial improvement in gross margins due to enhanced operating efficiency and cost management, as well as a notable $1.1 million unrealized foreign exchange gain. The company also reported a strong cash flow increase, with a net cash inflow of $3.3 million, and maintained a debt-free status with cash reserves of $26.0 million.
Looking ahead, Freelancer Ltd. remains optimistic about its growth trajectory, supported by its solid financial position and strategic flexibility, as it continues to focus on expanding its core operations and maintaining profitability.