WestRock(US:WRK)2025-07-28 00:00Company Overview - Wrkr Ltd (ASX: WRK) has a market capitalization of approximately $189.5 million, with a share price of 11 cents[2] - The company processes over AU$3.98 billion annually through its compliance services[7] - Wrkr has a staff of 60 employees and offices in Sydney and Melbourne[2] Market Opportunity - The Australian market includes approximately 1 million employers, over 300 payroll companies, and around 15 million employees[8] - There are approximately 22 million super fund members/accounts and around 620,000 Self-Managed Super Fund (SMSF) accounts[8] - The market sees approximately 160 million super payments, moving towards approximately 500 million with Payday Super (PDS), and around 500 million wage payments and STP events[8] Financial Performance (FY25) - Net cash from operating activities was $373,000, a 10% increase from $340,000 in FY24[19, 20] - Cash receipts from customers increased by 4% year-over-year, from $9.5 million in FY24 to $9.9 million in FY25[19, 20] - Staff costs increased by 28% year-over-year due to the team expanding by 20 people[19, 20] - Cash at the end of the period was $5.729 million, a 192% increase from $1.960 million in FY24[19] Strategic Initiatives - The company is focused on Payday Super (PDS) implementation, with pilot success at Rest Super and expansion at Australian Retirement Trust[9] - Wrkr is working with MUFG Retirement Solutions (MUFG) on implementation plans for various funds[14, 21] - The company projects net operating revenues between $10 million to $11 million for FY25[21]