Locate Technologies FY26 Full Year Results

LOCATE TECHNOLOGIES LIMITED (NZX:LOC) FULL YEAR RESULTS FOR THE YEAR ENDED 30 JUNE 2026 Locate Technologies Limited today released its Results Announcement, unaudited consolidated financial statements and Review of Operations for the year ended 30 June 2026. All amounts are in New Zealand dollars. - Group revenue of $7.09 million, up 7.8% on the prior corresponding period ($6.57 million). - Locate2u revenue of $3.99 million, up 33.7% (FY25: $2.99 million). The Locate2u segment result improved to a loss of $132,908, from a loss of $1,167,863. - Zoom2u, 2u Enterprises and Shred2u segment revenue of $3.09 million (FY25: $3.58 million), with a segment profit of $1,271,240 (FY25: $1,557,550). Revenue for this segment is recognised on a net basis, reflecting the Group's role as agent in arranging deliveries. - Loss after tax of $3,532,821 (FY25: loss of $1,991,453). The increased loss principally reflects an unrealised Bitcoin revaluation loss of $1,144,768 and NZX listing and redomicile transaction costs of $659,176, neither of which arose in the prior corresponding period. - EBITDA loss of $1,463,929 (FY25: loss of $225,086). Normalised EBITDA of $507,022 (FY25: loss of $97,681). EBITDA and normalised EBITDA are non-GAAP measures, are unaudited, and are reconciled to loss after tax in the Review of Operations. - Net cash inflows from operating activities of $335,449, compared with net outflows of $185,498 in the prior corresponding period. - Cash and cash equivalents of $1,165,791 and Bitcoin with a carrying amount of $1,266,790 at 30 June 2026. - Net tangible assets per quoted equity security of ($0.0119), compared with ($0.0065) in the prior comparable period. - No dividend has been declared or paid for the year. - During the year the Group completed its redomicile to New Zealand and the quotation of its ordinary shares on the NZX Main Board. In May 2026 Locate2u signed a three year services agreement with FedEx Express Australia. FUNDING AND GOING CONCERN The Group's senior secured facility with Pure Asset Management, with principal owing of A$4,000,000 at a fixed rate of 9.95% per annum, terminates on 7 November 2026 and is classified as a current liability at balance date. Pure has confirmed to the Company, on a non-binding basis, its intention to convert A$1,000,000 of the principal outstanding into a convertible note, with the remaining A$3,000,000 to be refinanced. The terms have not been finalised and no binding agreement had been entered into at the date of this announcement. The Directors have concluded that the requirement to refinance or restructure the facility before it terminates indicates the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. The Directors' full assessment, including the basis on which they consider the going concern basis of preparation remains appropriate, is set out in note 2 to the financial statements accompanying this announcement. AUDIT STATUS The financial information released today is unaudited. The audit of the financial statements for the year ended 30 June 2026 is in progress and had not been completed at the date of this announcement. Audited financial statements will be released with the Company's Annual Report on or before 30 September 2026 in accordance with NZX Listing Rule 3.6.1. ATTACHMENTS 1. Results Announcement for the year ended 30 June 2026 2. Unaudited consolidated financial statements for the year ended 30 June 2026 3. Review of Operations 2026 Authorised for release by Steve Orenstein, Chief Executive Officer, Locate Technologies Limited. Investor enquiries: investors@locatetech.nz | +61 438 513 888