Felix Group Holdings Limited reported a reduced net loss for FY25 alongside a 20% growth in enterprise ARR and a strategic acquisition of Nexvia to accelerate its supply chain platform expansion.
- 20% growth in enterprise annual recurring revenue (ARR) to $6.9 million
- Net loss narrowed to $4.73 million from $5.10 million in prior year
- Vendor marketplace expanded to 113,000 vendors
- Acquisition of Nexvia Pty Ltd for $12.275 million announced post-year-end
- Fully underwritten $16 million placement and $1 million Share Purchase Plan to fund growth
Financial Performance and Operational Momentum
Felix Group Holdings Limited has delivered a noteworthy FY25 result, reducing its net loss to $4.73 million from $5.10 million the previous year. This improvement comes amid a 20% surge in enterprise annual recurring revenue (ARR), which reached $6.9 million, underscoring the company’s growing traction in the enterprise SaaS supply chain sector.
The company’s vendor marketplace also expanded by 11% to 113,000 vendors, reflecting increasing engagement and the broadening appeal of Felix’s platform among asset-intensive industries. These metrics highlight Felix’s successful execution of its land-and-expand strategy, with a record 23 contract expansions and 13 new enterprise customer wins across core and adjacent sectors such as mining and resources.
International Growth and Platform Enhancements
Felix has made early strides in international markets, securing contracts with DRA Global to deploy its platform across Europe, the Middle East, and Africa, and with PCL Construction in North America. This international expansion is supported by the deployment of a dedicated sales team member in Canada, signaling the company’s commitment to global growth.
FY25 also saw significant platform upgrades, including the launch of a contract API for seamless ERP integration, multi-stage approval workflows to support complex procurement governance, and multilingual capabilities to cater to diverse international customers. These enhancements position Felix to deepen customer relationships and improve user experience across its expanding footprint.
Strategic Acquisition and Capital Raising
Subsequent to the financial year, Felix entered into a Share Purchase Agreement to acquire Nexvia Pty Ltd, a SaaS platform serving project-led vendor SMEs, for $12.275 million. This acquisition complements Felix’s existing vendor marketplace by providing integrated project management tools, enabling direct monetisation of its vendor base and closing the loop in its ecosystem.
To fund this acquisition and support organic growth initiatives, Felix completed a fully underwritten two-tranche placement raising approximately $16 million, alongside a non-underwritten Share Purchase Plan targeting an additional $1 million. The capital raise received strong support from both domestic and international investors, enhancing the company’s liquidity and growth runway.
Outlook and Governance
The board remains focused on accelerating growth through product innovation, strategic partnerships, and international expansion. The integration of Nexvia is a key priority, expected to unlock synergies and drive top-line growth in FY27 and beyond. Felix also reported positive operating cash flow for the year, a significant milestone demonstrating improved operational efficiency.
Governance remains robust, with an unmodified audit opinion from BDO Audit Pty Ltd and a remuneration framework aligned to performance metrics, including revenue growth and operating cash flow targets. The company’s net liability position and working capital deficiency are being addressed through the recent capital raise, underpinning confidence in its going concern status.
Bottom Line?
Felix Group’s FY25 results and strategic moves set the stage for accelerated growth, but successful integration of Nexvia and international expansion will be critical to sustaining momentum.
Questions in the middle?
- How will the integration of Nexvia impact Felix’s revenue and cost structure in the near term?
- What are the risks and opportunities associated with Felix’s international expansion, particularly in North America?
- How will Felix manage its net liability position and working capital needs post-capital raise?