The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TaskUs Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 1, 7th Floor 50 Broadway, London, United Kingdom, SW1H 0BL.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has net liabilities of £20,588,442 (2023: £18,586,162) at the balance sheet date. The company recharges expenditure to its intermediate Parent company and it is therefore reliant on the Parent company for its funding and working capital.

The Parent company has provided the company with an undertaking that it will, for at least 12 months from the date of the approval of these financial statements, continue to make available such funds as are needed by the company which should enable to company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue.

However, there is confidence that the Parent will be able to financially support the company, the financial statements have been prepared on a going concern basis.

Intercompany revenue consist of costs recharged to the Parent company. Recharges are calculated monthly based on agreed upon mark ups. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

External revenue from customer support services is recognised on a monthly basis based on actual time and cost incurred for the services provided. Revenue is shown net of sales/value added tax, rebates and discounts.

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

The tax expense represents the sum of the tax currently payable and deferred tax.

The company is within the scope of the OECD Pillar Two model rules. Pillar Two legislation was enacted in the United Kingdom, the jurisdiction in which the entity is incorporated and came into effect from 1 January 2024.

Under the legislation, the group is liable to pay a top up tax in the UK for the difference between the GloBE effective tax rate for each jurisdiction and the 15% minimum rate. In addition, top up taxes are payable locally where qualifying domestic minimum top up taxes have been legislated and are in effect.

The Director's have considered the impact of Pillar Two income taxes to be immaterial to the company. As such, there is no impact on the financial statements for the current year and prior period.

The costs of short-term employee benefits are recognised as a liability and an expense.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2019 Stock Incentive Plan

On 16 April 2019, the company established an equity incentive plan pursuant to which the company has granted option awards to selected executives and other key employees. The option awards contain service, market and performance conditions. Stock options under this plan contingently vest over a period of two years in the event of a change in control and over a period of three years in the event of an IPO (each as defined in such plan), with the vesting period beginning on the date of the performance event so long as the holder remains employed. The amount of options eligible for vesting is contingent upon a return on invested capital in the company. These options have contractual lives of 10 years. At the date of the IPO, the group concluded that the public offering represents a qualifying liquidity event that would cause the stock option’s performance condition to be probable of occurring. As such, the company began to recognise compensation expense in relation to the stock options issued under the 2019 Plan.

2021 Omnibus Incentive Plan

In connection with the IPO, the group adopted the 2021 Omnibus Incentive Plan which provides for the issuance of non-qualified stock options and restricted stock units (“RSUs”). The stock options are subject to service-based vesting conditions and generally vest quarterly or annually over three to four years and expire 10 years from the date of the grant. The RSUs are typically subject to service-based vesting conditions and generally vest in quarterly or annual instalments over two to four years.

Employee Stock Purchase Plan

The company adopted the TaskUs, Inc. 2022 Employee Stock Purchase Plan (the “ESPP”) on 14 June 2022. Under the ESPP, eligible employees may purchase a limited number of shares of our Class A common stock at the lesser of 85% of the market value on the enrollment date or 85% of the market value on the purchase date. As of December 31, 2024, no shares were issued through the ESPP.

There is a recharge agreement for Non Qualified Stock Options and Restricted Stock Units, between TaskUS UK and TaskUS Inc., this has been deemed a varying recharge based on future expected intrinsic value of the options. The recharge is clearly linked to the share-based scheme and as such has been accounted for through equity over the vesting period of the awards.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years.

Share Options

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Employees are eligible to various Stock awards (note 10) which are classified as equity-settled awards in TaskUs Limited, due to the obligation being settled by TaskUs Inc.

The options have a degree of estimation and judgement to determine their fair value. This was undertaken using the Black-Scholes model applying the following assumptions.

• Zero expected dividend yield as no anticipated paying dividend is expected on common stock;

• Risk-free interest rate based on the U.S Treasury yield curve in effect at the time of grant, and;

• Expected volatility based on historical stock price volatility of comparable publicly-traded companies in the TaskUs peer group and the implied volatility of their assets and current leverage.

• Expected term: Estimated based on the simplified method as TaskUs does not have adequate historical data.

Earn out

Subject to heloo's EBITDA (as defined in the share purchase agreement for the acquisition) margin exceeding a minimum level, the former shareholders of heloo are eligible to receive contingent earn-out payments not to exceed £16.7 million during each of the one year periods beginning 1 May 2022 and 1 May 2023, which are payable after the first and second anniversaries from completion.

The fair value of contingent earn-out payments was determined to be £Nil as of 31 December 2024 and 2023, based on probabilities and timing of achieving the prescribed targets. Since these payments are contingent on future service conditions, they have been recognised as payroll expense ratably over the required service period. For the years ended 31 December 2024 and 2023, the company recognised £Nil and £4,380,079, respectively, in payroll expenses related to the contingent earn-out payments included in administrative expenses.

Whilst the directors exercise due care and attention to make reasonable estimates, taking in to account all available information, the estimates may differ.

With the exception of the estimate described above, the directors consider that there are no other significant judgements or estimates in the preparation of these financial statements.

The average monthly number of persons employed (excluding directors) by the company during the year was 10 (2023 - 8).

Directors remuneration is paid by another company within the Group.

Details of the company's subsidiaries at 31 December 2024 are as follows:

Registered office addresses:

At the balance sheet date, the company had unpaid defined contribution pension payable of £12,212 (2023: £7,769).

Within non-current other borrowings, there is a revolver facility from the Parent company to finance the acquisition of a subsidiary totalling £43,144,971. Principal and interest is due for payment in full by 2026.

Interest accrues on the loan principal at 3.5% and at the year end amounted to £3,467,803.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

On June 6th, 2025, the directors of TaskUs Croatia d.o.o. declared a dividend of £7,591,554 payable to its parent company, TaskUs Limited. The dividend was paid on July 14th, 2025, less withholding taxes of £379,578.

The company made payments on its Revolving Promissory Note to its parent, TaskUs Holdings, Inc. in the amounts of £11,152,035, £8,184,165 and £1,851,213 on August 12th, 2025, August 13th, 2025 and September 2nd, 2025, respectively, inclusive of principal and interest.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The intermediate parent company of TaskUs Limited is TaskUs Holdings, Inc..

The smallest group of undertakings for which consolidated financial statements have been drawn up is headed by TaskUs, Inc. registered in 1650 Independence Drive, Suite 100, New Braunfels, Texas, 78132, United States. The official listing of the ordinary shares of TaskUs, Inc. is on the Nasdaq Stock Market in New York City, United States (Nasdaq symbol TASK).