Appen Ltd (ASX: APX) Shares Surge 18% on FY25 Revenue Guidance and Growth Targets.

Fri 16 May 25, 12:58 AM |

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Highlights

Shares of Appen Ltd (ASX: APX) jumped 18% to A$1.45 on Friday morning following the company’s annual general meeting, where it provided updated financial guidance and longer-term growth targets. The rise reflects investor response to a more optimistic near-term and strategic outlook, particularly around AI-driven opportunities and international expansion.

The company projects FY25 revenue between A$235 million and A$260 million, compared to FY24’s A$234.3 million, suggesting flat to 10.9% growth. Appen also anticipates positive underlying EBITDA for FY25, although it did not clarify whether this would exceed the A$7.8 million recorded in FY24.

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