WOTSO lifts earnings as coworking network expands and capital is redeployed

WOTSO Property ( (AU:WOT) ) has shared an update.

WOTSO reported higher revenue and earnings for the half-year to 31 December, driven by new locations, stronger performance at developing sites, disciplined cost control and sharp growth in ancillary coworking services. The company increased total revenue 3% to $24.6 million, underlying EBITDA 6% to $5.4 million, and flexspace revenue 7% to $16.9 million, while cutting administrative and overhead costs by 7% and lifting same-location revenue per available desk to $375.

The group expanded its network to 35 coworking spaces, added more than 8,000 leasable desks, and opened four new sites in Australia and New Zealand, with four more underway and a target of over 40 locations by June 2026. It also sold a non-core industrial property at Yandina in Queensland for $27 million, planning to redeploy net proceeds of $16.5 million into new coworking sites, a move expected to temporarily dent revenue but sharpen strategic focus and support the next phase of growth.

The most recent analyst rating on (AU:WOT) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on WOTSO Property stock, see the AU:WOT Stock Forecast page.

More about WOTSO Property

WOTSO (ASX: WOT) operates a dual business of flexible workspace solutions and a supporting property portfolio valued at over $270 million, with 35 coworking locations across Australia and New Zealand. It focuses on suburban and regional flexspace, offering private offices, coworking and virtual offices to start-ups, established businesses and remote workers, differentiating itself through strategic site selection and disciplined financial management.

Average Trading Volume: 7,019

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$82.49M

See more data about WOT stock on TipRanks’ Stock Analysis page.