Page 1

freelancer Market Announcement | 27 July 2021 1H21 Financial Results Freelancer Limited delivers Gross Payment Volume in 1H21 of an all - time record of $ 566 million ( up 35.9 % on pcp ) or US $ 437 million ( up 59.2 % on pcp ) : • 1H21 Freelancer GMV $ 68.0m down 2.8 % on pcp or all - time record of US $ 52.4m , up 14.1 % • 1H21 Escrow GPV all - time record $ 475.3m , up 48.0 % on pcp or US $ 366.7m , up 73.3 % • 2Q21 Escrow GPV all - time record $ 270.5m , up 75.0 % on pcp or US $ 208.5m , up 105.5 % Group net revenue for 1H21 was $ 27.8 million ( down 5.7 % on pcp ) or an all - time record of US $ 21.5 million ( up 10.8 % on pcp ) : • 1H21 Freelancer revenue $ 22.7m down 11.5 % on pcp or US $ 17.5m , up 4.0 % • 1H21 Escrow all - time record revenue $ 5.1m up 33.7 % on pcp or US $ 3.9m , up 56.9 % In Australian dollars , FX was a headwind of -17.4 % in the half year as the Australian dollar appreciated against the USD from an average of 0.6574 to an average of 0.7715 . Approximately 72 % of group revenue is USD and 4 % is AUD . The group had positive net operating cash flow of $ 2.7 million for 1H21 ( 1H20 : $ 6.2 million ) , and ended with cash & cash equivalents of $ 31.8 million , down $ 2.5 million or 7.4 % on 31 December 2020 , with $ 4 million used for the acquisition of Loadshift . 1 of 24