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Flexiroam Ltd
(Sydney:FRX)
Flexiroam Ltd (FRX) vs. iShares MSCI Australia ETF (EWA)
Flexiroam Ltd Business Overview & Revenue Model
Flexiroam Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.93M | 13.58M | 15.27M | 2.76M | 3.67M | 2.52M |
| Gross Profit | 6.82M | 8.04M | 6.47M | 1.45M | 1.48M | -986.37K |
| EBITDA | 3.96M | 593.93K | 1.26M | 3.28M | -4.00M | -2.34M |
| Net Income | 1.61M | -2.00M | -1.06M | 3.00M | -4.19M | -2.39M |
Balance Sheet | ||||||
| Total Assets | 9.21M | 7.94M | 7.11M | 7.09M | 4.71M | 3.41M |
| Cash, Cash Equivalents and Short-Term Investments | 3.21M | 1.64M | 492.84K | 1.30M | 4.21M | 2.81M |
| Total Debt | 854.30K | 808.93K | 400.00K | 0.00 | 0.00 | 3.43K |
| Total Liabilities | 5.02M | 5.46M | 7.20M | 8.21M | 6.71M | 6.79M |
| Stockholders Equity | 4.19M | 2.49M | -80.75K | -1.12M | -1.99M | -3.38M |
Cash Flow | ||||||
| Free Cash Flow | -1.48M | -3.09M | -3.02M | -1.91M | -61.30K | -538.52K |
| Operating Cash Flow | -1.48M | -3.08M | -1.06M | -1.62M | 16.96K | -538.52K |
| Investing Cash Flow | -425.47K | -637.03K | -1.95M | -291.90K | -78.26K | 2.33K |
| Financing Cash Flow | 4.30M | 4.98M | 2.30M | -69.00 | 4.25M | 2.89M |
Flexiroam Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | AU$6.79M | -1.87 | ― | ― | 66.48% | 77.19% | |
45 Neutral | AU$9.96M | -1.37 | -18.92% | ― | 8.20% | 37.20% | |
44 Neutral | AU$27.30M | 5.86 | -166.02% | ― | -11.11% | -71.43% | |
42 Neutral | AU$6.72M | -4.21 | -11.62% | ― | -9.44% | 83.16% |
Flexiroam Ltd Corporate Events
Flexiroam has released its H1 FY26 half-year results for the six months ended December 2025, presenting a high-level overview of the group’s financial performance and operations. The update, which includes auditor-reviewed but unaudited financial information and non-IFRS metrics such as EBITDA, is intended for informational purposes only and is not an offer or investment advice.
The company stresses that parts of the update are forward-looking and subject to market and operational risks, with no guarantees that strategies or projections will be achieved. By outlining its reporting basis and risk caveats, Flexiroam aims to frame stakeholder expectations around current performance disclosures while underscoring the inherent uncertainty in its future financial outlook.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
FlexiRoam reported its first half-year statutory NPAT profit, with net profit of $1.4 million and record operating cash flow of $1.9 million for the six months to 31 December 2025, underscoring the success of its FY25 operational reset. Revenue fell 21.7% to $5.9 million as the company exited low-margin transactional lines, but gross profit rose 6.4% to $4.3 million and gross margin surged to 72.7%, supported by a 52.9% reduction in underlying operating expenses and strengthened liquidity, including a 165% increase in cash to $3.2 million and a return to positive net current assets.
Management highlighted structural cost cuts driven by a shift to organic and partner-led distribution, AI-enabled automation and disciplined cost-of-sales management, which together delivered record underlying EBITDA of $2.0 million and a $3.5 million turnaround in profitability. The company also advanced its strategic repositioning from a traditional connectivity vendor to an AI-powered global connectivity platform, including the launch of its WhatsApp-based AI eSIM Agent that allows travellers to manage eSIM connectivity without downloading an app, reinforcing its focus on scalable, technology-led growth.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
FlexiRoam Limited reported a sharp turnaround to a net profit after tax of A$1.42 million for the half year to 31 December 2025, from a A$2.12 million loss a year earlier, despite a 22% decline in revenue to A$5.94 million. Management attributed the improved result to a strategic reset of the cost base and a deliberate shift towards high-margin recurring revenue, which lifted gross margins to 72.7% from 53.5% and generated positive operating cash flow, although no dividends were declared and net tangible assets per share remain low at 0.02 cents.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
FlexiRoam Limited has released an investor presentation titled “AI-Powered Global Connectivity Platform,” outlining its performance for the six months ended 31 December 2025. The presentation, which includes unaudited financial information, is intended to update the market on the company’s recent operational and financial progress, signalling an emphasis on AI-driven capabilities in its connectivity platform and providing stakeholders with greater visibility into its half-year performance.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
FlexiRoam has reported its second consecutive quarter of positive operating cash flow, helping deliver a record underlying EBITDA of $2.0 million for the first half of FY26 and marking a swing from a loss in the prior year period. The company has also returned to a positive net current asset position of $0.3 million for the first time in more than eight years, improved its liquidity with a cash balance of $3.2 million at 31 December 2025 (approximately $3.5 million by late January), and underscored the scalability of its restructured cost base while advancing its growth strategy through the launch of Flexiroam.ai and new major partnerships.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
FlexiRoam has signed a commercial agreement with DIV Services Sdn Bhd, a subsidiary of Malaysian integrated technical services group Dialog, to supply multi-network data connectivity for mobile point-of-sale terminals used in the MyKasih cashless welfare distribution platform. The deal embeds FlexiRoam’s AI-assisted connectivity platform at the core of Malaysia’s digital welfare infrastructure, supporting programs such as Sumbangan Asas Rahmah, which is slated to serve about 8.1 million recipients in 2026. The arrangement includes a minimum annual revenue commitment of roughly AUD 60,000, with upside as more terminals are activated, and showcases FlexiRoam’s ability to handle national-scale, mission-critical deployments where uptime and security are crucial. By enabling capabilities such as predictive maintenance, automated fraud detection, zero-touch provisioning and AI-powered support for Dialog’s device fleet, the partnership advances FlexiRoam’s strategic transition toward becoming an AI-enabled infrastructure partner and may strengthen its positioning in the enterprise and government connectivity market.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
Flexiroam Ltd has announced the cessation of Tat Seng Koh as a director effective 31 December 2025, lodging a final director’s interest notice with the ASX. At the time of his departure, Koh held 73,281,258 fully paid ordinary shares in the company and a total of 4,000,000 unquoted options with staggered exercise prices and vesting periods out to June 2028, signalling that a significant equity stake will remain aligned with the company’s future performance despite the board change.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
FlexiRoam has signed a commercial agreement with Generali Insurance Malaysia Berhad, part of the global Generali Group, to deploy its AI-powered, zero-integration eSIM connectivity solution for Generali Malaysia’s policyholders. Using FlexiRoam’s AI-assisted platform, Generali Malaysia will offer complimentary roaming data to eligible customers via WhatsApp in an initial one‑month rollout, avoiding complex system integrations or additional apps while testing engagement and operational performance. The deal, which runs for at least one year with potential renewal, is considered strategically material to FlexiRoam as it validates its AI-first platform and provides a foothold in the fast-growing global travel insurance market, positioning the company to expand embedded connectivity services across further customer journeys over time.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
Flexiroam has announced that Non-Executive Chair Tat Seng Koh will resign from the board effective 31 December 2025, with the company acknowledging his service since 2018 and leadership over the past year. The company also extended its $750,000 unsecured loan agreement with CEO Jef Ong to 13 November 2026 on unchanged terms, signalling continued support from management as Flexiroam pursues improved profitability and scalable growth opportunities, and it has updated its registered office address in Western Australia while keeping its principal place of business and other contact details unchanged.
The most recent analyst rating on (AU:FRX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Flexiroam Ltd stock, see the AU:FRX Stock Forecast page.
Flexiroam Limited has announced the appointment of PKF Brisbane Audit as its new auditor, following the resignation of In.Corp Audit & Assurance and a tender process aimed at optimizing external audit services. This decision, deemed beneficial for the company and shareholders, reflects Flexiroam’s commitment to operational improvements and positioning itself for future growth. Shareholders will formally approve the new auditor appointment at the next annual general meeting.
FlexiRoam has launched the world’s first AI-powered eSIM agent, marking a significant milestone in its strategic roadmap. This new platform, which integrates AI into connectivity services, positions FlexiRoam at the forefront of the ‘Agentic Commerce’ revolution and the growing eSIM market. The launch is expected to enhance consumer and enterprise experiences by offering frictionless onboarding and rapid deployment of co-branded eSIM solutions, potentially accelerating the company’s revenue growth and strengthening its industry position.
Flexiroam Ltd has announced the cessation of certain securities, including 680,584 ordinary fully paid shares and several options expiring in June 2028. The cessation is due to the lapse of conditional rights to these securities, as the conditions have not been met or have become incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for its stakeholders, as it reflects adjustments in the company’s financial instruments and obligations.