Q1 FY27: Locate2u Revenue Up 72%, Net Profit Positive

Locate Technologies Limited (NZX: LOC) releases its Q1 FY27 quarterly update for the three months to 30 September 2026. The Group recorded a net profit after tax of NZ$62k, its first quarterly net profit as a listed company. Locate2u revenue reached a record NZ$1.50 million, up 72% year on year, and now represents 67% of Group revenue. Group revenue was NZ$2.22 million, up 36%. Reported EBITDA was NZ$521k, Normalised EBITDA was NZ$603k and operating cash flow was NZ$831k. Cash at bank increased to NZ$1.73 million, and Bitcoin holdings were unchanged at 12.3 BTC. An investor webinar will be held at 12:00pm NZDT on Thursday 22 October 2026. All figures are unaudited.