TASK Group - FY23 Forecast Financial Result

Thursday 20th April 2023

uckland, New Zealand – TASK Group Holdings Limited (ASX:TSK) (TASK or the Group) today provided the following update regarding its financial results for full year ended 31 March 2023 (FY23).

The Group expects to report total revenue of approximately $65 million and adjusted EBITDA of approximately $12 million, exceeding the guidance range previously provided of $59.0 – 62.0 million in revenue and adjusted EBITDA between $8.5 – 9.5 million.

The improved performance above the guidance range is driven partly by a post balance date reconciliation required under certain key customer contracts.

As at 31 March 2023, the Group’s strong cash position has grown to $28.4 million (31 March 2022: $12.2 million).

The results in this update are provisional and remain subject to external audit. TASK expects to release its audited full year results and Annual Report on 30 May 2023.

ENDS

Approved for release by the Board of TASK Group Holdings Limited.

For more information, visit https://TASKsoftware.com or contact:

For investors

Daniel Houden

CEO daniel@tasksoftware.com

Bill Crichton

Chairman bill@crichtonlimited.com.au

For media:

Domestique

Jon Snowball | Roger Newby

+61 477 946 068 | +61 401 278 906

About TASK Group

TASK Group is a leading provider of technology solutions enabling its global hospitality clients to maximise their customer relationships in an increasingly digital world.

TASK’s end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-of- house and enterprise operations. The Group’s ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.

TASK Trading Update 20-4-23

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