Today we released our investor update for the second quarter of the 2025 financial year. Please find below a summary of the key performance metrics, the full update can be found on the NZX.

We’ve extended our record of unbroken quarter-on-quarter revenue growth since listing on the NZX in November 2021. We have carried momentum from the first quarter FY25 to deliver a half year result that allows us to narrow our guidance range upwards to $7.5 million to $8.3 million and we remain on track to deliver monthly EBITDA breakeven in March 2025.

Key highlights include:

• Trading Revenue: $3.7 million, up 22% on the prior year.
• Annual Recurring Revenue (ARR): up 14% on the year end FY24 (31 March 2024) to $7.2 million.
• Average Revenue Per Customer (ARPC): up 14% for shippers (aka. exporters and importers) to $1,944 per month, while the freight forwarder segment was up 29% to reach $824 per month.
• Gross Margin: improved by 7 percentage points to 61%.
• Customers: up 36 to 549.
• Customer Retention Rate: up 4 percentage points to 97%.
• Percentage of Expenses on R&D and Commercialisation: down 9 percentage points to 38%.

Thank you for your ongoing support.

View the full Investor Update here.