Announcement PDF ​ ​ Airtasker Limited ABN 53 149 850 457 25 February 2026 ASX Announcement Airtasker Limited (ASX:ART) HY26 Financial Results Presentation Airtasker Limited (ASX:ART) is pleased to lodge the attached presentation being made by Chief Executive Officer, Tim Fung and Chief Financial Officer, Mahendra Tharmarajah, at its HY26 Financial Results investor briefing as follows: Date:​ Thursday 26 February 2026 Time:​ 11.00am AEDT Webinar:​ Participants can register and join the webinar here: HY26 Webinar Mr Fung and Mr Tharmarajah will also participate in a live Q&A session where attendees will have the opportunity to submit questions directly to management. A recording of the webinar will be made available following the event. -- Ends – To receive regular Airtasker announcements and updates and to engage with management join Airtasker's Investor Hub or for more information visit investors.airtasker.com. For further information, please contact: Media Enquiries Alex Beashel alex.beashel@airtasker.com Investor Relations investors.airtasker.com investors@airtasker.com About Airtasker Airtasker Limited (ASX:ART) is Australia’s leading online marketplace for local services, connecting people and businesses who need work done with people who want to work. With a mission to empower people to realise the full value of their skills, Airtasker aims to have a positive impact on the future of work by creating truly flexible opportunities to work and earn income. In 2025, Airtasker entered the world of Formula One™ through its partnership with the Visa Cash App Racing Bulls Formula One™ Team (VCARB). Since launching in 2012, Airtasker has served more than 2.0m unique paying customers worldwide and has put more than $774m into the pockets of Australian taskers (net of Airtasker’s fees). This announcement was approved for release by the Board of Directors of Airtasker Limited. HY26 FINANCIAL RESULTS PRESENTATION 25 February 2026 Meet the Taskies: Chief https://investors.airtasker.com/link/r6921e The following disclaimer applies to this presentation. Please consider its contents carefully. By accepting this presentation, you acknowledge that you are receiving it on the basis set out in the following paragraphs. This presentation has been prepared by Airtasker Limited (Airtasker). Currency of information The information contained in this presentation is current as at the date of this presentation or such earlier date as specified in this presentation. Summary information The information in this presentation is of a general nature only and does not purport to be complete. Not an oer This presentation is not a prospectus or other disclosure document, and is not an invitation or oer of securities in Airtasker for subscription, purchase or sale in any jurisdiction. Third party information Certain market and industry data used in connection with this presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither Airtasker nor any of its related bodies corporate, directors, employees, agents or advisers have independently verified any such market or industry data. Historical information Past performance information in this presentation is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. Forward looking information This presentation contains certain forward-looking statements that involve risks and uncertainties. Airtasker can give no assurance that these expectations will prove to be correct. You are cautioned not to place undue reliance on any forward-looking statements. Forward looking information (continued) Actual results may dier materially from those anticipated in these forward-looking statements due to many important factors, risks and uncertainties including, without limitation, risks associated with future capital needs and general economic uncertainty. Airtasker does not undertake any obligation to release any revisions to any “forward-looking statement” to reflect events or circumstances after the date of this presentation, except as may be required under applicable laws. Financial information This presentation contains certain financial information. The financial information has been presented in an abbreviated form insofar as it does not include all the presentation and disclosures, statements or comparative information as required by the Australian Accounting Standards (AAS), the International Financial Reporting Standards (IFRS) (including the interpretations of the International Financial Reporting Interpretations Commiee) and other mandatory professional reporting requirements applicable to financial reports prepared in accordance with the Corporations Act. All currency is in Australian dollars unless indicated. All financial information is audited unless otherwise indicated. Non-IFRS financial measures Airtasker uses certain measures to manage and report on its business that are not recognised under AAS or IFRS. These measures are collectively referred to in this presentation as ‘non-IFRS financial measures’ under Regulatory Guide 230 ‘Disclosing non-IFRS financial information’ published by the Australian Securities and Investments Commission (ASIC). Management uses these non-IFRS financial measures to evaluate the performance and profitability of the overall business. Although Airtasker believes that these measures provide useful information about the financial performance of Airtasker, they should be considered as supplements to the income statement measures that have been presented in accordance with AAS and IFRS in Airtasker’s audited financial statements released on ASX and not as a replacement for them. Disclaimer No representation or warranty, whether express or implied, is made by any person as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. You should carry out your own investigations and analysis of Airtasker and verify the accuracy, reliability and completeness of the information contained in this presentation. Neither Airtasker nor any of its related bodies corporate, directors, employees, agents and advisers accept any responsibility for any loss arising from anyone acting or refraining from acting in reliance on the contents of this presentation. Distribution This document has been prepared for publication in Australia and may not be released to United States S wire services or distributed in the United States. By receiving this document you are deemed to confirm, represent and warrant to Airtasker and its related bodies corporate and each of their directors, employees, agents and advisers that you agree to be bound by the limitations and conditions set out in this disclaimer. Disclaimer 2 Creating jobs isn’t a by-product of the work that we do: it’s our core purpose. To empower people to realise the full value of their skills. Our Mission Lisa A. Ulverstone, Tasmania – National Winner, Airtasker Tasker Awards 2025 A qualified horticulturist with a flawless 5-star rating who has built a gardening and pet care business over eight-years after a workmate suggested Airtasker in 2017, and is still working for her very first client today. Troy M. Wynn Vale, South Australia - State Winner, Airtasker Tasker Awards 2025 Achieved a 5-star rating and since 2015 has completed more than 600 tasks earning $2,000 monthly through removalist work to accelerate his mortgage repayments. 3 Airtasker is well positioned to thrive in the AI era 1. Channel 4 News 18-Sep-25, hps://www.tiktok.com/@c4news/video/7551389307303382294. 2. Airtasker statistical data as at 23-Feb-26. 4 Plumbers will win the AI race” Jensen Huang CEO, NVIDIA1 “ Operational uplift: AI is already driving powerful operational improvements across Airtasker including enhanced customer discovery, content moderation and product development velocity. Real world services: We focus on real-world local services - like movers, tradespeople and furniture assemblers - which require human skills not easily replaced by autonomous robots. Proprietary reputation data: Our Reputation Passport dataset combines over 9.6 million transaction-verified user reviews2 representing a truly unique “inventory” of local service providers. HY26 Financial Highlights 1. HY26 Airtasker marketplaces revenue growth on pcp, excluding the Oneflare marketplace. 2. Gross marketplace volume. 3. HY26 international Airtasker marketplaces revenue growth on pcp, excluding Airtasker Australia and the Oneflare marketplace. 4. HY26 Group operating cash flow. 5. Cash and term deposits as at 31-Dec-25. 5 18.9% Airtasker revenue growth1 Group revenue a record $29.1m GMV2 up 11.3% to a record $116.4m 1 02 115% International revenue growth3 UK revenue up 85.1% on pcp US revenue up 380% on pcp 2 3 5 $0.5m Positive operating cash flow4 Fifth consecutive half of positive OCF $27.1m cash on balance sheet5 6 oOh!media Airtasker AO Takeover Melbourne Central Jan-26 Meet the Taskies Ike Ike is a low-key, quiet fixer with a knack for the tricky stu. An essential tool for every flat pack, he’s got the perfect twist to build furniture like there’s no tomorrow. FINANCIAL RESULTS Section One 7 Guidance HY26 Progress Airtasker Australia1 to deliver solid double digit revenue growth. +12.9% Airtasker Australia1 revenue growth on pcp +18.9% Airtasker marketplaces1 revenue growth on pcp Australian marketplace cash flow generation (ex Oneflare) to increase in FY26. $7.7m cash generated in Australia (after covering global head oice costs) +28.3% on pcp Airtasker UK and US markets accelerate growth trajectory supported by a disciplined program of marketing investment. +85.1% Airtasker UK revenue growth on pcp +$42.8% GMV ARR2 on pcp +380% Airtasker US revenue growth on pcp +125.6% GMV ARR2 on pcp Cash and term deposits on balance sheet and prepaid media assets available to support growth. Over $27m in cash3 $20.8m of prepaid media assets4 available to support growth Exploring strategic options for Oneflare. Several initiatives implemented in Feb-26 to address revenue and profitability: - Increased focus on profitable job categories - Refined performance marketing spend, optimised lead pricing - Sales team headcount reduction and restructure On track to achieve FY26 guidance: 1. Excluding the Oneflare marketplace. 2. GMV annual recurring revenue calculated as 12x GMV for Dec-25, which is seasonally lower than the 12x GMV for Jun-25 reported at FY25. 3. Cash and term deposits as at 31-Dec-25. 4. As at 31-Dec-25. 8 1. Excluding the Oneflare marketplace. 2. Airtasker marketplaces excluding Airtasker Australia and the Oneflare marketplace. Airtasker Australia revenue1 Airtasker international revenue2 $23.1m $2.7m Airtasker marketplaces revenue1 $25.8m HY26 Group Revenue up 13.5% to $29.1m 115% on pcp 18.9% on pcp 12.9% on pcp 9 ● US and UK contributed 7% of revenue in FY25. ● Cash generated in the Australian market defines investment envelope to invest in new international markets. ● Significant marketing investment deployed in 1Q/4Q aligned with northern hemisphere spring/summer peak revenue season results in higher net cash outflows in 1Q/4Q. ● Australia3 contributed 93% of revenue in FY25. ● Revenue peaks in southern hemisphere spring/summer season (2Q/3Q). ● Employee, tech and G&A costs relatively consistent across 4 quarters. ● This results in positive full year cash generation with lower cash inflows in 1Q/4Q and higher cash inflows in 2Q/3Q. Revenue and Expense1,2 Net Cash Flow1,2 Australia (Southern Hemisphere) UK & US (Northern Hemisphere) Group ● Group net cash flow was positive $1.2m in FY25 and positive $1.2m FY24. ● Australia still represents the majority of Group revenue and is the main cash generator for the Group peaking in 2Q/3Q. ● The US and UK represent the majority of overall expenses (principally marketing) and create net cash outflows peaking in 1Q/4Q. ● Group cash flow is generally negative in 1Q/4Q and positive in 2Q/3Q. Typical Cash Flow Seasonality 1. Illustrative only. Charts not to scale. 2. Quarters represent Group financial year quarters. 3. Including the Oneflare marketplace. Notes 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 10 Revenue Expenses Cash flow Expenses Expenses Revenue Revenue Cash flow Cash flow Airtasker Australia1 HY26 Revenue up 12.9% on pcp ● HY26 revenue1 up 12.9% on pcp to $23.1m and on track to maintain double-digit revenue growth for FY26. ● Record HY26 GMV up 6.4% on pcp to $103.5m with monetisation2 rate improving by 1.3ppts on pcp to 22.3%. ● Expanded presence in non-core markets including Perth, Canberra, Sunshine Coast via audio, out-of-home and performance marketing. ● Continuing to see strong growth in unprompted brand awareness (brand salience) in HY26, up 32.1%3 on pcp, supported by successful partnerships with oOh!media and ARN. Airtasker Australia1 GMV & Revenue 1. Excluding the Oneflare marketplace. 2. Monetisation rate represents Airtasker marketplaces revenue in a given financial period, expressed as a percentage of Airtasker marketplaces gross marketplace volume in the same period. 3. YouGov Brand Tracker, Dec-25 compared to Dec-24. $23.1m HY26 revenue 11 Airtasker UK HY26 Revenue up 85.1% on pcp $2.1m HY26 revenue ● HY26 revenue up 85.1% on pcp to $2.1m (£1.0m). ● HY26 GMV up 53.2% on pcp to $9.9m (£4.9m) with monetisation rate improving by 3.7ppts on pcp to 21.2%. ● GMV ARR1 up 42.8% on pcp to $16.9m (£8.4m). ● Secured follow-on investment of $5.1m2 (£2.5m) from Channel 4 in Oct-25, bringing total investment to £10.0m, to accelerate investment in brand marketing and continue UK expansion. ● New partnership launched with Argos, one of the UK’s largest retailers, alongside continued partnership with UK homeware retailer Dunelm. ● Targeting strong seasonal growth in the northern hemisphere spring/summer high season in 4Q26 (Jun-26) and 1Q27 (Sep-26). Airtasker UK GMV & Revenue 12 1. GMV annual recurring revenue calculated as 12x GMV for Dec-25, which is seasonally lower than the 12x GMV for Jun-25 reported at FY25 of $21.0m. 2. Foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. UK media partnerships commenced Airtasker USA HY26 Revenue up 380% on pcp US media partnerships commenced ● HY26 revenue up 379.6% on pcp to $0.6m (US$0.4m). ● HY26 GMV up 309.4% on pcp to $2.8m (US$1.8m) with monetisation rate improving by 3.3ppts on pcp to 22.6%. ● GMV ARR1 up 125.6% on pcp to $4.3m (US$2.9m). ● Secured follow-on investment of $7.5m2 (US$5.0m) from iHeartMedia in Nov-25 to support launch of 7 new cities including New York, Houston and Phoenix in Dec-25. ● Targeting strong seasonal growth in 4Q26 (Jun-26) and 1Q27 (Sep-26), being the northern hemisphere spring/summer high season. Airtasker USA GMV & Revenue (TTM)1 $0.6m HY26 revenue 13 1. GMV annual recurring revenue calculated as 12x GMV for Dec-25, which is seasonally lower than the 12x GMV for Jun-25 reported at FY25 of $7.5m. 2. Foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. ● Positive operating cash flow of $0.5m on the back of strong Group revenue growth which delivered operating cash receipts of $32.2m, up 13.2% on pcp. ● Positive net cash flow of $8.3m following the successful capital raise in HY26 which generated net proceeds of $9.0m.1 Following a planned ramp up of marketing investment in the US and UK, underlying Group cash flow was $1.0m cash outflow.2 ● $27.1m in cash3 as at 31-Dec-25 provides capital to support a disciplined program of marketing investments in the UK and US in 2H26 plus optionality in seling convertible notes with Australian media partners oOh!media and ARN:4 ● On 25 June 2026, Airtasker (in its sole discretion) may elect to repay $5.6m in cash or issue ART equity at 10% discount to 30-day VWAP5 to oOh!media. ● On 4 July 2026, Airtasker (in its sole discretion) may elect to repay $5.6m in cash or issue ART equity at 10% discount to 30-day VWAP to ARN. +$0.5m Positive operating cash flow and $27.1m in cash and term deposits Positive operating cash flow 14 1. On 17-Nov-25, Airtasker completed a capital raise of $10.0m which generated net proceeds in HY26 of $9.0m after transaction costs of $0.5m and less the subscription of $0.5m from Exto Active, which is subject to shareholder approval at an upcoming extraordinary general meeting. 2. Excluding proceeds from the capital raise and term deposits. 3. Cash and term deposits. 4. See slide 36 for a summary of media partnerships. 5. Volume weighted average share price. Further information on Airtasker’s cash flow seasonality on slide 10. Australia generated $7.7m cash to invest in UK and US expansion 1. Represents ‘Global head oice operating expenditure’ as disclosed in note 3 of the HY26 financial statements, less $1.2m in unrealised statutory accounting gains arising from the remeasurement of the share purchase liabilities, recognised through profit or loss and $1.0m inunrealised statutory accounting gains from the related foreign currency translation recognised through profit or loss, adjusted for material non-cash items. 2. Represents EBITDA for the Established Marketplaces Segment as disclosed in note 3 of the HY26 financial statements, adjusted for material non-cash items. 3. Represents EBITDA for the New Marketplaces Segment as disclosed in note 3 of the HY26 financial statements, adjusted for material non-cash items. 4. Represents positive net cash flow of $8.3m less $9.0m net proceeds from the capital raise less $0.3m from the maturity of term deposits. 5. On 17-Nov-25, Airtasker completed a capital raise of $10.0m which generated net proceeds in HY26 of $9.0m after transaction costs of $0.5m and less the subscription of $0.5m from Exto Active, which is subject to shareholder approval at an upcoming extraordinary general meeting. HY26 ($m) HY25 ($m) variance ($m) variance (%) Australian Marketplaces Revenue 26.4 24.4 2.0 8.2% Expenses 7.8 7.6 (0.2) (2.6%) Australian market cash flow2 18.6 16.8 1.8 10.7% Less: Global head oice expenditure1 10.9 10.8 (0.1) (0.9%) Australian market cash flow (after covering global head oice costs) 7.7 6.0 1.7 28.3% UK and US cash investment3 8.7 5.4 (3.3) (61.1%) Underlying Group cash flow4 (1.0) 0.6 (1.6) (266.7%) ● Australian marketplaces generated positive $18.6m cash in HY26 (up 10.7% on pcp) after covering Australian sales and marketing, customer service operations and all other direct operating costs. ● Australian cash generation after covering all global head oice cash expenditure1 was positive $7.7m in HY26 (up 28.3% on pcp) demonstrating strong operating leverage. ● Australian cash generation enables ongoing cash investment into UK and US expansion. ● In Nov-25 Airtasker completed a $10.0m5 capital raise and intends to invest $5.0m of those funds in a disciplined program of targeted marketing investments in the UK and US in 2H26 to accelerate international marketplace growth trajectory. 15 16 16 Local Tasker Activation Noosa Triathlon Nov-25 Meet the Taskies Mason He zips around fixing things with a contagious buzz, always ready to power through whatever comes his way. GROWTH STRATEGY Section Two 17 Invest in Airtasker brand and core platform experience and maintain market leadership Growth strategy Deliver profitable growth in Australia to generate cash Leverage platform and invest in new markets turbocharged by media partnerships 1 Core platform investment Profitable growth Scale in UK and US 2 3 18 Investment in brand salience re-accelerates Australian GMV CORE PLATFORM INVESTMENT Brand Salience (Unprompted Awareness) $103.5m Record HY26 Australian GMV +6.4% HY26 Airtasker Australia GMV growth (FY25: +5.3%, FY24: -4.6%) $4.85 Incremental GMV per $1.00 of marketing investment +32.1% on pcp In HY26, Airtasker engaged leading marketing analytics firm Mutinex to develop a hierarchical bayesian marketing mix model (MMM)1 : “A robust statistical analysis using historical data paerns to understand the short term incremental impact of paid-for marketing activities on business outcomes.” During HY26, we maintained a consistent investment in Airtasker’s brand salience via media partnerships with oOh!media and ARN, delivering a 32.1%1 increase in unprompted brand awareness year-on-year. Whilst Airtasker’s above the line media investment primarily focused on long term brand impact, this investment also delivered GMV of ~$4.852 for every $1.00 invested in HY26 representing incremental direct ROI of 1.08x within the reporting period. High quality marketing ROI model (8% MAPE)3 1. YouGov Brand Tracker, Dec-25 compared to Dec-24. 2. Mutinex GrowthOS MMM Aribution data, Dec-25. 3. Out of sample MAPE (Mean Absolute Percentage Error) measures the average dierence between the model’s predictions and actual results, expressed as a percentage of the actuals, with a 5-10% dierence considered a great result. Source: Mutinex. 19 Address platform leakage and improve purchase frequency CORE PLATFORM INVESTMENT Launched AI-powered digital “Business Cards” to sit on the Customer’s home screen Revised Tasker rebooking interface (more than doubling responsiveness) Revised fee pricing (1.9% Service Fee, $5 Connection Fee) to drive rebooking volume Rebooking Rapid, continuous improvement of the rebooking experience during HY26 delivered a 40.8% increase in rebooking volumes on pcp and GMV ARR1 of $7.0m: Rebooking Task Volume 1. The GMV annual recurring revenue calculated as 52x Airtasker marketplaces GMV for the week ending 13-Dec-25. +40.8% on pcp AI-enhanced Tasker Business Cards now sit on the Customer’s home screen: 20 AI-powered leakage reduction During HY26 we also implemented an AI-powered content moderation system resulting in a significant uplift in the detection and removal of scam and leakage, driving both direct GMV uplift as well as improving marketplace and brand trust. New! We’ve just released an Airtasker membership program to generate recurring revenue and greater purchase frequency while also rewarding and delivering greater value to high frequency customers. The oer: ● $891 annual upfront membership for unlimited tasks with no Connection Fee (saving customers up to $49.451 per task) ● Renews automatically every 12 months ● Further membership benefits coming soon Revenue recognition: ● $891 cash for membership payment received upfront ● $6.742 revenue recognised per month over 12 months ● Service Fees (paid by Taskers) still apply on all tasks Generate recurring revenue and greater frequency via Airtasker Membership CORE PLATFORM INVESTMENT 21 $6.742 revenue recognised per month (over 12 months) $891 received upfront 2 3 4 5 6 1 8 9 10 11 12 7 Cash flow and revenue recognition3 Renews automatically 1. Including GST. 2. Excluding GST. 3. Airtasker Membership is a new product and we have no indication on take-up. If take-up is strong, this will bring forward cash inflows and potentially reduce later cash inflows, with much stickier and higher quality revenue recognised over the period of the membership. FY26 Outlook: 22 1. Excluding the Oneflare marketplace. 2. Excluding proceeds from the capital raise and term deposits. 3. Cash and term deposits as at 31 December 2025. 👊 Airtasker Australia1 to deliver double digit revenue growth - increasing contribution from topline GMV growth. 👊 Maximise Oneflare cash contribution. 👊 Australian marketplaces cash flow generation to increase in FY26. 👊 Airtasker UK and US markets accelerate growth trajectory supported by $5m invested in a disciplined program of planned marketing activity, which will result in underlying Group cash flow of ~$5-$6m outflow.2 👊 Strong balance sheet with over $27m in cash2 provides capital to support UK and US marketing activity plus optionality to sele Australian convertible notes issued to oOh!media and ARN. 22 23 23 Sponsorship Equipment Branding VCARB Factory Jan-26 v Meet the Taskies Ray Quick and always on point, he’s the first to jump in when things start geing wobbly. No drama, no fuss. Ray’s all about nailing it. 25 ANNEXURE A ABOUT AIRTASKER We connect people who need work done, with people who want to work. The world’s most trusted marketplace to buy and sell local services. Airtasker is building 26 Open Community Built on transparency and accountability to enable trust with an eicient light touch operating model. Infinitely Horizontal Unifying a fragmented local services industry and creating entirely new service categories. ● Super fast responses ● Huge range ● Great value ● Instant work ● Pricing control ● Complete flexibility For Customers: For Taskers: Unique value proposition 27 Airtasker is uniquely positioned as a global platform for local services COMPETITIVE LANDSCAPE *US/UK markets only. Not operating in AU. Local services Remote outsourcing Advertising model Ecommerce model Airtasker community model Free to join. Customers choose who they work with based on ratings, reviews and verified qualifications. Taskrabbit curated supply model Workers pay an upfront fee to join and Taskrabbit selects which workers can access jobs.1 Source: The Local Services Market - Market Report, Frost & Sullivan, July 2024 1. Based on management research. 28 1 2 1 2 Revenue model tightly aligns Airtasker with Tasker success How does Airtasker make money? ● Free to post a task and receive oers. ● Free to access jobs and create quotes.4 ● Fees are charged when customers and Taskers experience marketplace value (at the point of connection, task completion or in certain cases task cancellation). Win-win business model ● Low risk for Taskers. Unlike advertising models, Taskers can access jobs with no upfront fees. ● Wide range. No upfront fees means customers access the greatest range of services. ● Strong gross margin. Light touch model delivers 95%+ gross margins. 1. Gross marketplace volume (GMV) for Airtasker only. GMV represents the total price 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. 2. Revenue comprising the Airtasker and Oneflare marketplaces. 3. Based on HY26 financial data. 4. On the Airtasker marketplaces. Sales tax 2.3% Revenue 22.2% Paid to users 75.5% Insurance 0.7% Merchant fees 3.5% Gross profit 95.8% GMV1,3 Revenue 2,3 29 30 ANNEXURE B SCALE IN THE UK AND US We have a proven model to build profitable, cash generative marketplaces In FY25, our Australian marketplaces generated ~$34.6m of cash flow: 1. Revenue relating to the Established Marketplaces Segment as disclosed in note 4 of the FY25 financial statements. 2. Calculated as the dierence between revenue and EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY25 financial statements, adjusted for material non-cash items. 3. Cash flow represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY25 financial statements, adjusted for material non-cash items. Revenue1 $49.2m Expenses2 $14.6m Cash flow3 $34.6m 25 20 15 10 5 0 AUD million FY16 FY17 FY18 FY19 FY20 2.2 8.4 9.7 6.8 1.2 Marketing Investment (LHS) GMV (numbered above) 12 36 68 91 112 FY25 $190m+ SCALE IN UK AND US 31 Opportunity to leverage software platform to replicate profitable marketplace economics Software platform and head oice infrastructure Airtasker AU $19.4m2 investment Airtasker UK Airtasker USA $34.6m1 cash generation Australian marketplaces generate cash flow in excess of software platform and head oice infrastructure investment New markets (ASX:ART) $11.0m media investment £10.0m media investment US$26.8m media investment Opportunity to leverage our scalable software platform, turbocharged by local media partnerships 1. Represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY25 financial statements, adjusted for material non-cash items. 2. In FY25 invested $19.4m in operating the software platform and head oice infrastructure that enables the global marketplaces. 32 SCALE IN UK AND US Analysis of media partnership potential outcomes on slides 37 and 38. Our city-level marketplace1 goal is to reach a GMV ARR of $25m in 3 years from launch. In the UK, we launched with media in Oct-23 and in the US we launched with media in Sep-24. At $25m GMV ARR, a city-level marketplace generates an approximate $5m revenue ARR (at 20% monetisation rate2 ) with strong gross profit. Given that city-level operating expenditure is predominantly marketing investment, at the 3-year mark Airtasker has the option to: 1. Grow with no further investment required: Recycle gross profits into marketing activities to maintain growth trajectory. 2. Further accelerate: Further accelerate growth trajectory by investing new capital into marketing activities. 3. Generate dividends: Optimise the city-level marketplace for cash generation and pay a dividend. 1. Based on a city with a population of approximately 10 million such as London or Los Angeles. 2. Monetisation rate assumed based on historical experience. New city-level marketplace goal: $25m GMV ARR and cash positive in 3 years 33 SCALE IN UK AND US Airtasker UK reached GMV ARR of $21m in Jun-25 at 21 months from launch date (Oct-23) Airtasker US reached GMV ARR of $7.5m in Jun-25 at 10 months from launch date (Sep-24) In FY26, 2Q and 3Q to maintain GMV levels during seasonal low period with further acceleration in 4Q and 1Q. Growth momentum building: UK hits $21m and US hits $7.5m run rate in FY25 34 SCALE IN UK AND US ANNEXURE C STRATEGIC CONTEXT MEDIA PARTNERSHIPS Meet the Taskies Charlie Charlie is the life of the party. The bubbliest bucket in town, he’s ready to splash into the action an