Australian flexible workspace operator WOTSO increased its FY25 final distribution to 1.25 cents per security, up 25%, following total revenue growth of 5% to $47M and underlying EBITDA growing 14% to $9.8M. Flex space revenue grew 6% to $32M while real estate rental income up 3% to $14.8M, with monthly revenue per available desk in established locations up 4% to $367. The company forecasts a 13% compound annual growth rate for its flex space business, targeting $58M in flex revenue by FY30.

WOTSO operates 31 flex spaces and owns 17 commercial properties across Australia and New Zealand. Their CFO credits their growing revenue to higher occupancy, optimized pricing and better activation, rather than expansion of footprint.