Felix Group Boosts Revenue 22% with Enterprise Platform Growth
Felix Group Holdings reports a solid 22% increase in FY25 sales revenue and a notable 32% improvement in adjusted EBITDA loss, driven by strong enterprise platform sales and new customer wins.
- 22% increase in FY25 sales revenue to $8.3 million
- 31% growth in enterprise procurement platform sales
- 32% improvement in adjusted EBITDA loss to -$2.9 million
- New customers include SRG Global, Karara Mining, Bellevue Gold
- Flat operating expenses with cost shifts in subscriptions and consultant fees
Strong Revenue Growth Amid Ongoing Losses
Felix Group Holdings Ltd (ASX – FLX) has unveiled its unaudited management accounts for the financial year ended June 30, 2025, revealing encouraging top-line growth alongside a continued net loss. Sales revenue climbed 22% to $8.3 million, a clear sign that the company’s enterprise procurement management platform is gaining traction in a competitive SaaS market.
The standout driver was the enterprise segment, which surged 31% to $6.4 million. This growth was underpinned by new contracts with notable customers such as SRG Global Ltd, Karara Mining Limited, and Bellevue Gold, as well as a record 23 expansions of existing customer agreements. Meanwhile, marketplace subscription revenue remained steady, aligning with Felix’s contractor-led growth strategy.
Improved EBITDA Loss Reflects Operational Discipline
Despite still operating at a loss, Felix’s adjusted EBITDA loss improved by 32%, narrowing from -$4.28 million in FY24 to -$2.92 million in FY25. This improvement was achieved through sales growth combined with flat operating expenses. Notably, subscription costs rose by $0.2 million due to increased hosting and licensing fees required to support the expanding customer base. However, this was offset by a $0.2 million reduction in consultant fees, largely attributed to a leaner back office in Manila.
Other cost categories such as contract costs, employee benefits, and insurance remained broadly consistent with the previous year, indicating stable cost management as Felix scales its operations.
Balance Sheet and Cash Flow Highlights
Felix ended FY25 with $2.04 million in cash and cash equivalents, up from $1.71 million a year earlier, supported by positive net cash from operating activities of $416,720. The company’s net loss after tax improved modestly by 7% to -$4.73 million. Equity remained strong at approximately $52.9 million, though accumulated losses deepened to nearly $58.7 million.
The company is currently finalizing its audited results, expected before August 29, 2025, and is concurrently conducting a capital raising to support its growth ambitions. Details of the capital raising were not disclosed in this preliminary update.
Looking Ahead
Felix’s FY25 results suggest the company is making meaningful progress in scaling its enterprise SaaS platform, with new customer wins and contract expansions driving revenue growth. The improved EBITDA loss signals operational leverage beginning to take hold, though the path to profitability remains a work in progress. Investors will be watching closely for the audited results and further details on the capital raising to assess Felix’s runway and growth strategy execution.
Bottom Line?
Felix’s FY25 momentum sets the stage for a pivotal capital raise and the next phase of growth.
Questions in the middle?
- What are the terms and expected impact of the upcoming capital raising?
- How sustainable is the enterprise sales growth amid competitive SaaS market pressures?
- When can investors expect Felix to achieve positive EBITDA and net profitability?