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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% | |
45 Neutral | AU$9.10M | -1.37 | -14.37% | ― | 8.20% | 37.20% | |
44 Neutral | AU$25.78M | 5.86 | -26.59% | ― | -11.11% | -71.43% | |
42 Neutral | AU$6.79M | -1.87 | 108.60% | ― | 66.48% | 77.19% | |
42 Neutral | AU$8.27M | -4.21 | -9.80% | ― | -9.44% | 83.16% |
Flexiroam Ltd Corporate Events
FlexiRoam has expanded an existing contract with a top-10 global full-service airline, moving beyond staff roaming to supply connectivity for aircraft operational data on the ground, covering flight documentation, itineraries and crew devices. The 12‑month addendum is viewed as strategically material, reinforcing the company’s land‑and‑expand model and embedding its platform more deeply in mission‑critical airline operations.
The company has also signed a two-year deal with Malaysian payment technology firm Paydibs to embed connectivity in its NEO smart payment terminals, which aggregate QR, contactless card and BNPL functions for merchants. By ensuring reliable data links for mobile and Wi‑Fi‑constrained retailers, the agreement broadens FlexiRoam’s role in connected payment infrastructure and supports recurring revenue via subscriptions, provisioning fees and usage‑based charges, even though total revenue remains unquantified.
The most recent analyst rating on (AU:FRX) stock is a Sell 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 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.