• Motio enters binding agreement to sell Spawtz software business for $1.35M cash
• Maintains long-term, fee-free access to key media-related services from Spawtz
• Enhances opportunity to pursue organic and acquisitive growth, strengthen balance sheet
• Guidance of $1.2M+ Cash EBITDA affirmed post transaction (pro forma)

Motio Limited (ASX:MXO) has announced that it has entered into a binding Heads of Agreement to sell its Spawtz Pty Ltd software business to a consortium of Motio staff members currently managing the Spawtz business. Under the agreement, Motio will receive $1.35 million in cash for the sale of 100% of the issued capital of Spawtz and its subsidiaries. Motio will also be granted a long-term, fee-free license to Spawtz (5+5 years), providing continued access to audience data, uninterrupted XML feeds to digital displays, and the ability to sell online advertising inventory and Electronic Direct Mail to advertisers. This will enable Motio to continue developing its growing motio.play media channel, which is currently in 80 sports centres across Australia. The sale of Spawtz will allow Motio to focus entirely on its core media business, where the investments of prior years are delivering value through continued top-line growth and operating leverage. The sale proceeds will ensure Motio's balance sheet is de-risked and the company is self-funded for future growth, with the company continuing to pursue potential acquisition opportunities in the media space. Motio's CEO, Adam Cadwallader, stated that the sale marked a significant step forward in ensuring Motio continued its evolution to being a unique media business that carried unmatched benefits for advertisers. The Motio Board believes the sale of Spawtz will allow the management team to focus entirely on its core business at a time when the investments of prior years are delivering value.

Guidance of $1.2M+ Cash EBITDA affirmed post transaction (pro forma) for FY25.