Today we released our investor update for the first quarter of the 2026 financial year (1 April 2025 to 30 June 2025). Please find below a summary of the key performance metrics. The full update can be found on the NZX here.

Key highlights include:

Trading revenue: $2.3 million, up 30% on the prior year.

Annual Recurring Revenue (ARR): $8.7 million, up 28% on 30 June 2024.

Average Revenue Per Customer (ARPC) (per month): up for both shippers ($2,209) and freight forwarders ($1,215) by 7% and 33% respectively.

Gross Margin: 57%, down four percentage points on FY25 (detail provided below).

Customer Retention Rate: 95%, up eight percentage points on FY25.

We reaffirm our trading revenue guidance for FY26 in the range of $10 million to $11 million, which represents a 25% to 37.5% uplift on FY25.

Thank you to all our customers and investors for your ongoing support.

Read the full Investor Update here.