TradeWindow (TWL) investor relations material

Executive summary

• Revenue grew 25% year-over-year to $4.6 million for the half-year ended 30 September 2025, driven by organic growth and strong demand.

• Net loss after tax narrowed to $1.3 million from $2.4 million in the prior year, reflecting improved operating performance.

• EBITDA loss reduced by 49% to $654,000–$700,000 compared to the same period last year.

• Customer retention rate improved to 92%, with a diversified base of 534 customers and a focus on larger, higher-value clients.

• Strategic focus on Freight AI development, deeper product usage, and value-accretive acquisitions, with Australia emerging as the largest market.

Financial highlights

• Annual recurring revenue (ARR) grew 21% to $8.8 million, with 95% of revenue recurring.

• Gross margin at 58%, down three points due to transition to managed cloud services.

• Cash and cash equivalents at $1.1 million, with $5.8 million placement closed in November 2025 and settlement in December 2025.

• Receipts from customers increased 29% to $5.3 million.

• Average monthly cash burn/outflow at $100,000, reduced from $200,000 in the prior year.

Outlook and guidance

• FY26 revenue is expected to range between $10 million and $11 million, with strong momentum in Australia and increased product usage.

• Targeting EBITDA break-even in FY2027, with disciplined investment in Freight AI development.

• Board-approved forecasts project sufficient cash for the next 14 months, contingent on revenue growth and capital raising.

• Second half of the financial year expected to outperform the first half seasonally.

• Accelerated Freight AI platform development targeted for completion in FY28.