Q3 FY26 Investor Update

23/04/2026 08:30 NZST, MKTUPDTEP

Q3 FY26 Investor Update – Group EBITDA Positive, Locate2u Revenue Up 42%

Locate Technologies Limited (NZX: LOC) today released its Q3 FY26 Investor Update for the quarter ended 31 March 2026.

Q3 FY26 Highlights (NZD):

Group Revenue of $1.80m, up 15% year-on-year

Locate2u Revenue of $1.08m, up 42% year-on-year, now 60% of Group revenue

Zoom2u Revenue of $0.72m, down 11% year-on-year

Reported EBITDA of +$167k, a $269k year-on-year improvement and the first positive Reported EBITDA quarter at the Group level

Normalised EBITDA of +$275k (excluding one-off NZX transition costs and non-cash ESOP expense)

Cash balance of $1.1m as at 31 March 2026

Bitcoin holdings unchanged at 12.3 BTC, with no capital drawn under the ATM facility during the quarter

Reported monthly EBITDA stepped up through the quarter, moving from a $7k loss in January to a $108k profit in March, reflecting revenue growth landing against a flat cost base.

AI is now embedded across engineering, sales, and product, and during Q3 the engineering release cadence moved from weekly to daily.

After quarter-end, on 20 April 2026, the Company announced an on-market share buyback programme of up to NZ$500,000, reflecting the Board's view that the current share price does not appropriately reflect the underlying value of the business.

An investor webinar will be held today, Thursday 23 April 2026, at 12:30pm NZST (10:30am AEST), presented by Steve Orenstein, Founder and CEO. Registration details and the full Q3 FY26 Investor Update are attached.

ENDS

For further information, please contact:

Steve Orenstein, Founder & CEO

investors@locatetech.nz

locatetech.nz

About Locate Technologies

Locate Technologies Limited (NZX: LOC) is an AI-powered delivery and logistics technology company. The Group operates two complementary platforms: Locate2u, a route optimisation and delivery management platform used by fleet operators, retailers, and logistics providers internationally, with AI features deployed in the product for customers; and Zoom2u, an on-demand courier and delivery marketplace across Australia that uses AI internally to run its dispatch and logistics operations. The Group’s platforms provide route planning, delivery management, and real-time visibility for businesses of all sizes.

Locate Technologies is also New Zealand’s first listed Bitcoin treasury company, holding Bitcoin as a reserve asset alongside its operating businesses.