1H26 Results Commentary

Group Gross Marketplace Value (GMV) increased 30.9% to A$574.6 million, led by Escrow.com and Loadshift. Group revenue declined 12.1% to A$23.9 million and gross profit declined 10.4% to A$20.9 million. Gross margin improved 2.1 percentage points to 87.4%. The Group delivered EBITDA of A$1.1 million and a near-breakeven result, with an operating loss of A$0.3 million. Net loss after tax was A$2.1