Announcement PDF Airtasker Limited Appendix 4D Half-year report 1. Company details Name of entity: Airtasker Limited ABN: 53 149 850 457 Reporting period: For the half-year ended 31 December 2025 Previous period: For the half-year ended 31 December 2024 2. Results for announcement to the market $'000 Revenues from ordinary activities up 13.5% to 29,111 - - Loss from ordinary activities after tax attributable to the owners of Airtasker Limited up 3.2% to (16,472) - - Loss for the half-year attributable to the owners of Airtasker Limited up 3.2% to (16,472) Dividends There were no dividends paid, recommended or declared during the current or previous half-year. Comments The loss for the Group after providing for income tax and non-controlling interests amounted to $16.5 million (31 December 2024: loss of $16.0 million). Refer to the 'Financial and operational review' within the Directors' report for further commentary on the performance of Airtasker Limited. 3. Net tangible assets Reporting period Previous period Cents Cents Net tangible assets perSyntax Error (816293): Bad block header in flate stream ordinary security (6.02) 0.76 Consolidated 31 Dec 2025 31 Dec 2024 Calculated as: $'000 $'000 Net (liabilities)/assets (9,851) 23,036 Less: Right-of-use assets (1,121) (1,639) Less: Intangibles (19,700) (20,059) Add: Lease liabilities 1,348 2,128 Net tangible (liabilities)/assets (29,324) 3,466 Number of shares Number of shares Total shares issued 486,902,442 453,519,669 4. Control gained over entities Not applicable. Airtasker Limited Appendix 4D Half-year report 5. Loss of control over entities Not applicable. 6. Dividends Current period There were no dividends paid, recommended or declared during the current half-year. Previous period There were no dividends paid, recommended or declared during the previous half-year. 7. Dividend reinvestment plans Not applicable. 8. Details of associates and joint venture entities Not applicable. 9. Foreign entities Details of origin of accounting standards used in compiling the report: Not applicable. 10. Audit qualification or review Details of audit/review dispute or qualification (if any): The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report. 11. Attachments Details of attachments (if any): The Interim Report of Airtasker Limited for the half-year ended 31 December 2025 is attached. 12. Signed Approved for release by the Board of Directors Signed ___________________________ Date: 25 February 2026 Cass O'Connor Chair Airtasker Limited ABN 53 149 850 457 Interim Report - 31 December 2025 Airtasker Limited Contents 31 December 2025 1 Directors' report 2 Auditor's independence declaration 14 Consolidated statement of profit or loss and other comprehensive income 15 Consolidated statement of financial position 16 Consolidated statement of changes in equity 17 Consolidated statement of cash flows 18 Notes to the consolidated financial statements 19 Directors' declaration 36 Independent auditor's review report to the members of Airtasker Limited 37 Airtasker Limited Directors' report 31 December 2025 2 The Directors present their report, together with the financial statements, on the consolidated entity ("Airtasker" or the "Group") consisting of Airtasker Limited (the "Company") and the entities it controlled at the end of, or during, the half- year ended 31 December 2025 ("HY26"). Directors The following persons were directors of Airtasker Limited during the whole of the half-year and up to the date of this report, unless otherwise stated: Catherine (Cass) O'Connor - Independent Non-Executive Chair Timothy (Tim) Fung - Managing Director and Chief Executive Officer Ellen (Ellie) Comerford - Independent Non-Executive Director Peter (Pete) Hammond - Non-Executive Director Xiaofan (Fred) Bai - Non-Executive Director Principal activities The principal activity of the Group is the provision of technology-enabled online marketplaces for local services, connecting people and businesses who need work done with people and businesses who want to work. Financial and operational review The loss for the Group after providing for income tax and non-controlling interests amounted to $16.5 million (31 December 2024: loss of $16.0 million). Key financial and operational metrics Consolidated 31 Dec 2025 31 Dec 2024 Change Change Financial metrics $'000 $'000 $'000 % Group revenue 29,111 25,658 3,453 13.5% Gross profit1 27,892 24,566 3,326 13.5% 1 - - - Employee benefits expense (12,544) (11,468) (1,076) (9.4%) Sales and marketing expense (30,510) (18,153) (12,357) (68.1%) Technology expense (2,787) (2,522) (265) (10.5%) General and administration expense2 (3,128) (6,516) 3,388 52.0% 1 - - - - - - - Group EBIT3 (20,034) (18,211) (1,823) (10.0%) Group EBITDA4 (18,708) (16,471) (2,237) (13.6%) 1 - - - - - - - Loss before tax (20,908) (18,220) (2,688) (14.8%) Net loss after tax (20,908) (18,220) (2,688) (14.8%) Net loss after tax attributable to the owners of Airtasker Limited (16,472) (15,962) (510) (3.2%) 1 - - - - - - - Net cash flow5 8,282 553 7,729 1397.6% Cash from operating activities 496 1,913 (1,417) (74.1%) 1 Gross profit is calculated based on ‘Revenue’ (as disclosed in the Consolidated statement of profit or loss and other comprehensive income) less ‘Cost of sales’ (refer to note 6 of the Notes to the consolidated financial statements). 2 Includes $1.0 million in unrealised statutory accounting gains from the foreign currency translation of share purchase liabilities (31 December 2024: $3.0 million loss). 3 Earnings before net interest income and taxation. 4 Earnings before net interest income, taxation, depreciation and amortisation. 5 Includes the gross proceeds from the issue of ordinary shares by the Company on 17 November 2025 to raise $10.0 million less transaction costs of $0.5 million and less the subscription of $0.5 million for the issue of shares to Exto Active Pty Ltd, which is subject to shareholder approval at an upcoming Extraordinary General Meeting. Refer to note 16. Airtasker Limited Directors' report 31 December 2025 3 Consolidated 31 Dec 2025 30 Jun 2025 Change Change $'000 $'000 $'000 % Cash and term deposits 27,068 19,062 8,006 42.0% Total assets 70,888 70,408 480 0.7% Total liabilities (80,739) (68,331) (12,408) (18.2%) Net (liabilities)/assets (9,851) 2,077 (11,928) (574.3%) Consolidated Operational metrics - Airtasker marketplaces 31 Dec 2025 31 Dec 2024 Change Change % Gross marketplace volume6 ($'000) 116,353 104,558 11,795 11.3% Airtasker marketplaces revenue7 ($'000) 25,801 21,705 4,096 18.9% Airtasker platform fee revenue8 ($'000) 24,299 20,192 4,107 20.3% Booked tasks9 438,582 418,721 19,861 4.7% Average task price ($) 265 250 15 6.2% Monetisation rate10 22.2% 20.8% 1.4% 6.9% Financial review Financial performance In HY26 Group statutory revenue grew 13.5% to $29.1 million, up from $25.7 million in the half-year to 31 December 2025 ("HY25"). This increase was primarily driven by the Airtasker marketplaces (excluding the Oneflare marketplace), which delivered strong 18.9% revenue growth contributing $25.8 million (HY25: $21.7 million). New international marketplaces also contributed to the result with revenue growing 115.4% to $2.7 million (HY25: $1.3 million). The Group’s gross profit mirrored this revenue growth, increasing by 13.5%. The organic revenue growth in the Airtasker marketplaces was primarily driven by the Group’s global marketing strategy focussing on above the line brand marketing supported by public relations, performance marketing, brand sponsorship and other marketing activities. The above the line brand marketing investment continued to be financed by leveraging the non-cash media advertising services from a series of media partnerships completed in Australia, the UK and the US between June 2023 and November 2025, while the public relations, performance marketing, brand sponsorship and other marketing activities were financed from Airtasker’s operating cash flow. 6 Gross marketplace volume ("GMV") represents the total value of all tasks booked through the Airtasker marketplaces before cancellations and inclusive of price adjustments between customers and Taskers, bonuses paid by customers to Taskers, fees payable by customers and Taskers to Airtasker, and any applicable sales taxes. 7 Airtasker marketplaces platform revenue (excluding the Oneflare marketplace) plus breakage revenue. Refer to note 4. 8 Airtasker marketplaces platform revenue comprising connection fees charged to customers, service fees charged to Taskers and cancellation fees, excluding breakage revenue and excluding the Oneflare marketplace. Refer to note 4. 9 Booked tasks include 10,820 tasks related to marketplace stimulus for the half-year ended 31 December 2025 (31 December 2024: 6,533). 10 Monetisation rate represents Airtasker marketplaces revenue in a given financial period, expressed as a proportion of Airtasker marketplaces GMV in the same period. Airtasker Limited Directors' report 31 December 2025 4 The HY26 statutory net loss after tax ("NPAT") was $20.9 million (HY25: $18.2 million loss) reflecting sales and marketing investment of $30.5 million, $1.1 million expense from the unwinding of the interest component of share purchase liabilities, $1.2 million in unrealised statutory accounting gains arising from the remeasurement of share purchase liabilities and $1.0 million in unrealised statutory accounting gains from the related foreign currency translation. The net loss after tax attributable to the owners of Airtasker Limited was $16.5 million (HY25: $16.0 million), after accounting for the 4 Ventures Limited ("Channel 4") and Univision Communications Inc. ("TelevisaUnivision") non- controlling interests that arose following the media-for-equity transactions in June 2023 and August 2024, respectively. Employee benefits expense of $12.5 million was up 9.4% (HY25: $11.5 million) principally due to salary indexation, headcount increases and an increase in contractor spend across engineering and customer support through business process outsource providers in the Philippines and Vietnam. During the half-year, the Group’s marketing investment was $30.5 million (HY25: $18.2 million) with a particular focus on scaling new international markets in the UK and the US. The Group's global marketing strategy predominantly involved above the line brand marketing through the use of non-cash media advertising services provided by a range of media partners in Australia, the UK and the US. The Group's marketing investment in the half-year included $19.4 million in non-cash media advertising services with the remaining $11.1 million in the form of cash invested in public relations, performance marketing and brand sponsorship. Technology expense of $2.8 million was up 10.5% (HY25: $2.5 million) reflecting indexation of software licensing costs and continuing investment in both software and infrastructure resources in a disciplined manner. General and administration expense of $3.1 million (HY25: $6.5 million) decreased by $3.4 million due to the impact of unrealised statutory accounting gains and losses arising from the foreign currency translation of share purchase liabilities. The half-year to 31 December 2025 included $1.0 million in unrealised statutory accounting gains from the foreign currency translation of share purchase liabilities (HY25: $3.0 million in unrealised losses). Finance costs in the half include $1.1 million statutory accounting expense related to the unwinding of the interest component of share purchase liabilities (HY25: 0.3 million), with the movement due to the share purchase liabilities recognised in FY25. Airtasker Limited Directors' report 31 December 2025 5 Earnings before net interest and taxation ("Group EBIT") and earnings before net interest, taxation, depreciation and amortisation ("Group EBITDA") are non-statutory financial measures which are not prescribed by Australian Accounting Standards ("AAS") and represent the statutory NPAT under AAS adjusted for specific non-cash and other items. The Directors consider that Group EBIT and Group EBITDA reflect the core earnings of the Group and assist in understanding the financial performance of the Group. Group EBIT and Group EBITDA have been calculated by eliminating the following from statutory NPAT: ● Net interest income; and ● Depreciation and amortisation expense. Consolidated 31 Dec 2025 31 Dec 2024 Change Change Reconciliation of statutory NPAT to Group EBITDA $'000 $'000 $'000 % Statutory NPAT (20,908) (18,220) (2,688) (14.8%) - - - - Less: Net interest expense 874 9 865 9611.1% - - - - Group EBIT (20,034) (18,211) (1,823) (10.0%) - - - - Add: Depreciation and amortisation expense 1,326 1,740 (414) 23.8% - - - - Group EBITDA (18,708) (16,471) (2,237) (13.6%) - - - - For HY26, Group EBIT was a $20.0 million loss (HY25: $18.2 million loss) while Group EBITDA was an $18.7 million loss (HY25: $16.5 million loss). This result reflected an increase in marketing investment to $30.5 million, $1.2 million in unrealised statutory accounting gains arising from the remeasurement of share purchase liabilities and $1.0 million in unrealised statutory accounting gains from the related foreign currency translation. In total, $17.8 million of the $18.7 million Group EBITDA loss arose from non-cash statutory accounting gains and losses. These items included share-based payments expense (refer to note 23), non-cash marketing expense (refer to note 8) and the remeasurement of share purchase liabilities and the related foreign currency translation (refer to note 15). Group EBIT was calculated by adjusting the statutory NPAT for net interest expense of $0.9 million while Group EBITDA reflected the adjustment of Group EBIT for the depreciation and amortisation expense of $1.3 million, which arose primarily from the amortisation of right-of-use assets and capitalised platform development expenditure. Airtasker Limited Directors' report 31 December 2025 6 Media partnerships The Group has completed a number of media partnerships where Group subsidiaries have issued equity and unsecured convertible notes in exchange for media advertising services in the markets in which they operate. At maturity, the Group subsidiaries may choose to settle the convertible notes and coupon or convert them into equity in the issuing Group subsidiary. These convertible notes are recognised as equity-settled share-based payments with a forward obligation to repurchase the equity issued in subsequent periods. The forward obligation over own equity is treated as a share purchase liability. At the option of the Group, these forward obligations can be settled in cash or equity in the Company. The share purchase obligations are a function of the Group subsidiary valuation, which is based on each Group subsidiary’s trailing twelve months revenue prior to the forward purchase date, multiplied by the Group’s market capitalisation multiple as a function of the Group’s trailing twelve months revenue prior to the forward purchase date. The forecast revenues for the Group subsidiaries and the movement in the Group’s revenue based market capitalisation multiple were the primary drivers of the $1.2 million in unrealised statutory accounting gains arising from the remeasurement of the share purchase liabilities recognised through profit or loss. In addition, as the share purchase liabilities are denominated in foreign currencies, there was a further $1.0 million in unrealised statutory accounting gains from the related foreign currency translation recognised through profit or loss. It is expected that as the Group continues to utilise prepaid media assets in executing its global marketing strategy, Group EBIT and Group EBITDA losses will increase in subsequent periods, as the utilisation is recognised as a sales and marketing expense through profit or loss. Changes in the measurement of the share purchase liabilities will be recognised directly to profit or loss, except for the unwinding of the effect of discounting on the liabilities, which will be recognised as a finance cost. Subsequent remeasurement of the share purchase liabilities will be subject to movements in the forecast revenues of the relevant Group subsidiary, the Group’s revenue based market capitalisation multiple, foreign currency translation rates and the Group’s cost of capital. Refer to note 8, note 15 and note 17. Cash flows On a statutory basis, the net increase in cash in the half-year was $8.3 million (HY25: $0.6 million), with the increase mainly due to the net financing cash flows of $8.7 million. Net cash from operating activities for HY26 was positive $0.5 million (HY25: $1.9 million). Whilst cash receipts increased 13.2% to $32.2 million (HY25: $28.4 million), cash outflows increased 19.3% to $31.9 million (HY25: $26.8 million) reflecting the increased investment in marketing. Cash receipts growth was supported by Group revenue growth of 13.5% to $29.1 million (HY25: $25.7 million) and in particular, Airtasker marketplaces revenue growth of 18.9% to $25.8 million (HY25: $21.7 million). Net cash used in investing activities totalled $0.8 million (HY25: $1.0 million), primarily in capitalised platform development expenditure. Net cash from financing activities of $8.7 million (HY25: $0.6 million outflow) was primarily due to the $9.0 million in net proceeds from the issue of ordinary shares by the Company on 17 November 2025. Refer to note 16. Airtasker Limited Directors' report 31 December 2025 7 Financial position Airtasker's net assets decreased $11.9 million during the half-year, moving from net assets of $2.1 million to net liabilities of $9.9 million. Total assets at 31 December 2025 increased $0.5 million to $70.9 million (30 June 2025: $70.4 million). This was principally due to the movement in cash and cash equivalents and the prepaid media asset. During the half-year, the Group received $9.0 million in net proceeds from the issue of ordinary shares by the Company on 17 November 2025 which increased the Group’s cash and cash equivalents. The prepaid media asset decreased by $7.2 million net of foreign currency gains following $19.4 million usage during the half-year, which was offset by the recognition of additional media advertising services of $12.6m from the new agreements with Channel 4 and iHeartMedia + Entertainment, Inc. ("iHeartMedia"). Refer to note 8. Total liabilities at 31 December 2025 increased $12.4 million to $80.7 million (30 June 2025: $68.3 million). The increase was mainly due to the recognition of $12.8 million in non-current share purchase liabilities related to the unsecured convertible notes issued to Channel 4 and iHeartMedia during the half-year. This was offset by $1.2 million in unrealised statutory accounting gains arising from the remeasurement of share purchase liabilities, $1.0 million in unrealised statutory accounting gains from the related foreign currency translation and $1.1 million from the unwinding of the interest component related to the share purchase liabilities. Refer to note 15. Airtasker remains in a strong financial position at 31 December 2025 with $27.1 million (30 June 2025: $19.1 million) in cash and term deposits. Consolidated 31 Dec 2025 30 Jun 2025 Cash and term deposits $'000 $'000 Cash and cash equivalents (note 7) 26,753 18,471 Term deposits (note 9) 315 591 Total cash and term deposits 27,068 19,062 Airtasker Limited Directors' report 31 December 2025 8 Operational review Overview Airtasker is Australia’s leading online marketplace platform for local services, connecting people who need work done with people who want to work. Airtasker's mission is to empower people to realise the full value of their skills. The core purpose of the Group is to enable flexible jobs and income opportunities by becoming the world’s most trusted place to buy and sell local services. In Australia, more than 13% of active digital platform workers use task-based digital platforms and more than 61% of those people have chosen to work through the Airtasker marketplaces, placing the Group at the forefront of the flexible working movement.11 Since launching in 2012, Airtasker has served more than 2.1 million unique paying customers worldwide12 and has put more than $774 million into the pockets of Australian Taskers (net of Airtasker’s fees). Macroeconomic conditions in the Group’s key markets were mixed during the half-year, with conditions in the UK and US having a lesser impact on Group GMV and revenue due to the early stage of development in those markets. In Australia, the Group’s largest market, consumer sentiment was mixed, impacted by macroeconomic conditions which saw a relaxation in monetary policy together with a steady unemployment rate early in the half-year with inflation and expectations of tightening monetary policy re-emerging towards the end of the half. Airtasker marketplaces revenue grew 18.9% to $25.8 million in HY26 (HY25: $21.7 million) supported by an 11.3% increase in GMV to $116.4 million (HY25: $104.6 million). This growth was driven by a 4.7% increase in booked tasks to 438,582 (HY25: 418,721) and a 5.2% increase in booked tasks on a sequential half-year basis. The average task price increased 6.2% to $265 (HY25: $250) and the monetisation rate improved to 22.2% (HY25: 20.8%). Marketplace economics Airtasker’s marketplaces fall into the ‘Established Marketplaces Segment’ and the ‘New Marketplaces Segment’ plus global head office expenditure which is not directly attributable to a segment. Geographic operations are segmented based on the maturity of the marketplaces as economics differ at each stage of growth. Refer to note 3. The ‘Established Marketplaces Segment’ is represented in Australia by Airtasker and Oneflare which have established user bases and operations. The ‘New Marketplaces Segment’ is represented primarily by the international Airtasker marketplaces in the US and the UK which have less established user bases and operations and may experience accelerated growth in posted tasks, GMV and revenue each year. In addition to the operating segment data disclosed in note 3, management also present a non-statutory view of the segment data based on the ‘marketplace economics’, reconciling the contribution of the Established Marketplaces Segment EBITDA to the investment in the New Marketplaces Segment EBITDA and Group EBITDA. During HY26, Airtasker's Established Marketplaces Segment EBITDA grew 10.5% to $15.4 million (HY25: $14.0 million). The EBITDA generated by the Established Marketplaces Segment covered global head office expenditure of $9.8 million (HY25: $9.9 million), to generate positive Australian net EBITDA of $5.6 million (HY25: positive $4.1 million). The New Marketplaces Segment recorded an EBITDA loss of $26.6 million (HY25: $14.0 million loss) after a marketing investment of $24.6 million (HY25: $12.2 million). Group EBITDA was an $18.7 million loss (HY25: $16.5 million loss) reflecting the Australian net EBITDA, the New Marketplaces EBITDA and a $2.2 million unrealised statutory accounting gain from the remeasurement of the share purchase liabilities and the associated foreign currency translation. 11 The Local Services Market - Market Report, Frost & Sullivan, July 2024. 12 Excluding the Oneflare marketplace. Airtasker Limited Directors' report 31 December 2025 9 31 Dec 2025 31 Dec 2024 Change Non-statutory operating segment data $'000 $'000 $'000 % Established Marketplaces (Australia) EBITDA (note 3) 15,424 13,956 1,468 10.5% - - - - Less: Global head office expenditure13,14 (9,780) (9,855) 75 0.8% - - - - Australian net EBITDA 5,644 4,101 1,543 (37.6%) Australian net EBITDA - - - - Less: New Marketplaces (UK and US) EBITDA (note 3) (26,552) (14,014) (12,538) (89.5%) Less: Remeasurement and foreign currency translation of share purchase liabilities (note 15)15 2,200 (6,558) 8,758 133.5% - - - - Group EBITDA (18,708) (16,471) (2,237) (13.6%) 13 Represents "Global head office operating expenditure" as disclosed in note 3 of the HY26 financial statements, less $1.2 million in unrealised statutory accounting gains arising from the remeasurement of share purchase liabilities recognised through profit or loss (31 December 2025: $3.6 million losses) and $1.0 million in unrealised statutory accounting gains from the related foreign currency translation recognised through profit or loss (31 December 2025: $3.0 million losses). 14 Includes operating expenditure relating to the marketplace platforms including engineering, product support and maintenance and back office support functions including leadership, legal, finance and people operations and innovation investment that is non-capitalisable and associated with the design of, and post-implementation work on, new features designed to enhance the user experience, increase long term GMV and grow long term revenue. 15 Comprises $1.2 million in unrealised statutory accounting gains arising from the remeasurement of share purchase liabilities recognised through profit or loss and $1.0 million in unrealised statutory accounting gains from the related foreign currency translation recognised through profit or loss. Airtasker Limited Directors' report 31 December 2025 10 Established marketplaces The Established Marketplaces Segment in Australia, comprising Airtasker and Oneflare, saw an 8.1% increase in revenue to $26.4 million (HY25: $24.4 million). The Airtasker Australia marketplace specifically, grew revenue by 12.9% to $23.1 million (HY25: $20.4 million) with GMV increasing 6.4% to $103.5 million (HY25: $97.3 million). The Airtasker Australia revenue growth was supported by $2.9 million in non-cash media advertising services through oOh!media Operations Pty Limited ("oOh!media") and Australian Radio Network Pty Limited ("ARN") which also saw unprompted brand awareness (brand salience) increase 32% during the half-year. The Oneflare marketplace revenue contribution for HY26 was $3.3 million (HY25: $4.0 million) with its marketing investment decreasing proportionately to $1.3 million (HY25: $1.5 million) while its proportion of Group revenue was 11.4% (HY25: 15.4%). New marketplaces The New Marketplaces Segment, comprising the UK and the US, grew revenue in HY26 by 115.4% to $2.7 million (HY25: $1.3 million) supported by an increase in marketing investment to $24.6 million (HY25: $12.2 million), with its proportion of Group revenue at 9.4% (HY25: 5.0%). The increase in marketing primarily comprised $16.5 million of non-cash marketing through the Group's media partners, including Channel 4 in the UK and TelevisaUnivision, iHeartMedia, Sinclair Television Group, Inc. ("Sinclair") and Mercurius Media Capital LP ("Mercurius") in the US plus $8.1 million cash invested in public relations, performance marketing and brand sponsorship. In the UK, Channel 4 completed a further investment of £2.5 million ($5.1 million) in October 2025, providing media advertising services in exchange for an unsecured convertible note issued by Airtasker UK Limited ("Airtasker UK"). This convertible note provides Airtasker UK with the option to repay the note and 5% coupon in cash or convert it into equity in Airtasker UK at maturity on 31 October 2027. As at 31 December 2025 Channel 4’s total investment in Airtasker UK was £10.0 million ($19.6 million). In HY26, the continuing above the line brand marketing campaigns in the UK saw posted tasks increase by 26.1%, GMV grow by 53.2% to $9.9 million (£4.9 million) (HY25: $6.5 million), and revenue increase by 85.1% to $2.1 million (£1.0 million) (HY25: $1.1 million). In November 2025, Airtasker USA Inc ("Airtasker USA") completed a further investment with iHeartMedia which provides US$5.0 million ($7.5 million) in media advertising services in exchange for an unsecured convertible note issued by Airtasker USA. This convertible note provides Airtasker USA with the option to repay the note and 5% coupon in cash or convert it into equity in Airtasker USA at maturity on 30 November 2028. As at 31 December 2025 iHeartMedia’s total investment in Airtasker USA was US$10.0 million ($14.7 million). The US marketplace continued to demonstrate promising results in HY26 with posted tasks increasing 104.8%, GMV growing 309.4% to $2.8 million (US$1.8 million) (HY25: $0.7 million) and revenue up 379.6% $0.6 million (US$0.4 million) (HY25: $0.1 million). Airtasker Limited Directors' report 31 December 2025 11 Business strategy and outlook Focus In HY26 Airtasker delivered double digit revenue growth of 13.5% across the Group, double digit revenue growth of 18.9% in its Airtasker marketplaces and double digit revenue growth of 12.9% in Airtasker Australia marketplace. The Group commenced the second half of 2026 financial year ("2H26") with $27.1 million of cash and term deposits and $20.8 million in prepaid media assets on its balance sheet and is aiming to maintain the momentum from HY26 and deliver double digit revenue growth in its Australian Airtasker marketplace as well as the Airtasker marketplaces comprising Australia, the UK and the US. In 2H26 Airtasker will continue to focus on the following three point strategy: ● Drive profitable growth in its Australian marketplaces by increasing Airtasker brand salience and discoverability, and using its Airtasker and Oneflare brands to strengthen its market leadership position; ● Improve customer frequency and trust across the Airtasker marketplaces, encouraging more same customer and same Tasker interactions while increasing trust and service quality across the customer experience; and ● Scale in the UK and the US by growing awareness and demand through marketing and brand sponsorship while driving predictable marketplace uptake through focused initiatives and activations. Established marketplaces Airtasker Australia In Australia, tightenin