Appen Ltd
ASX:APX

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Appen Ltd
ASX:APX
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Price: 0.695 AUD -0.71%
Market Cap: 184.6m AUD

Appen Ltd
Investor Relations

Appen Ltd. engages in the development of human-annotated datasets for machine learning and artificial intelligence. The company is headquartered in Chatswood, New South Wales and currently employs 1,265 full-time employees. The company went IPO on 2015-01-07. Relevance segment includes annotated training data that is directly used as an input to improve performance of the search engines, social media, and e commerce applications. Speech & Image segment includes products and services which provides training data that is used to build AI based voice interface, translation, text analysis, Augmented reality (AR)/ Virtual reality (VR) and image perception systems (including Light Detection and Ranging ( LiDAR) for autonomous vehicles). The firm serves various industries including technology, automotive ,financial services ,healthcare, retail, and government agencies.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 28, 2025
AI Summary
Q2 2025

Revenue Growth: Appen reported revenue of $102.1 million for the first half, up 2% year-on-year excluding Google, driven by strong performance in China.

China Strength: China revenue grew 67% year-on-year and exited the half with an annualized run rate over $100 million, delivering $2.9 million in EBITDA.

Cost Efficiencies: The company identified $10 million in annualized cost efficiencies, with 70% to be realized by end of Q3, plus $4 million in OpEx savings from reduced U.S. government investment.

Positive EBITDA Target: Appen reaffirmed its guidance for positive full-year EBITDA and revenue towards the low end of the $235–260 million range.

AI & LLM Demand: Demand for generative AI and large language model projects is a key growth driver, with a recent $10 million+ U.S.-based project win expected to ramp through next year.

Uncertainty in U.S. Market: The U.S. AI market remains volatile with uncertain timing for large LLM projects and challenges in securing U.S. government revenue.

Key Financials
Revenue
$102.1 million
China Revenue Growth
67% year-on-year growth
China Annualized Run Rate Revenue
over $100 million
China Underlying EBITDA
$2.9 million
Group Underlying EBITDA before FX
loss of $2.2 million
Cash Position
$60.9 million
Operating Cash Flow
$12.9 million
Generative AI-Related Projects Revenue Share
24% of revenue
Earnings Call Recording
Other Earnings Calls
2025
2022

Management

Mr. Ryan Kolln
CEO, MD & Director
No Bio Available
Mr. Justin Miles
Chief Financial Officer
No Bio Available
Mr. Brian Haskett
Senior Vice President of Client management & Operations
No Bio Available
Kim Stagg
Chief Product & Technology Officer
No Bio Available
Ms. Rosalie Talbot Duff
Head of Investor Relations
No Bio Available
Mr. Carl Middlehurst
Senior VP, Company Secretary & General Counsel
No Bio Available
Ms. Andrea Clayton B.A., M.B.A.
Chief People Officer
No Bio Available
Dr. Roc Tian M.A., Ph.D.
Senior VP & General Manager of Appen China + JK
No Bio Available
Mr. Eric de Cavaignac B.A., M.B.A.
Chief Transformation Officer & GM of Crowd
No Bio Available

Contacts

Address
NEW SOUTH WALES
Chatswood
Level 6, 9 Help Street
Contacts
+61294686300.0
appen.com