hipages FY26 slides: cash flow surges 66% as AI platform evolves
hipages Group, an Australian home improvement marketplace, released its FY26 financial results on August 24, 2026, highlighting significant growth and strategic shifts. Revenue increased by 9% to $90.6 million, while free cash flow surged 66% to $9.4 million, indicating improved efficiency. The stock rose 4.9% to $0.86 following the announcement, despite being below its 52-week high of $1.50.
CEO Roby Sharon-Zipser emphasized the company's transformation into a multi-product platform, expanding from its core tradie directory to job management software, insurance services, and AI-powered tools. Key metrics showed robust growth, with recurring revenue comprising 98% of total revenue and EBITDA rising 17% to $22.9 million.
Free cash flow, a major positive, jumped 66% to $9.4 million. The company's acquisition of a 51% stake in VIZ Insurance, a digital insurance platform, further strengthened its ecosystem, bringing in 4.5k serviced businesses. Hipages continues to integrate AI across various aspects, from search optimization to workflow management, aiming to enhance efficiency and customer interactions.
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