• Recorded a half-year loss of $1,374,089, but entrance into the UK market marks an important milestone
• License revenue up 11% half-on-half due to existing contract expansions
• Signed a major contract with The Southern Co-Op Limited, providing a material boost to recurring revenue

RocketBoots Limited ('ROC') concluded an important half-year period, progressing significantly with its international expansion. Although ROC recorded a book loss of $1,374,089, its entrance into the UK marks an important point in the Company's history and will allow ROC to leverage further into the international grocery market. License revenue was up 11% half on half due to existing contract expansions, despite enablement revenue dropping since no new contract roll outs fell within the period. ROC signed a major contract with The Southern Co-Op Limited (Southern) in September 2024 to deploy its loss prevention software. This contract provides a material boost to ROC's overall recurring revenue; the first stage of the contract will provide the Company with $160k annual recurring revenue, and upon final stage completion ROC will be recording $450k annual recurring revenue. This represents a doubling of ROC's current annual recurring revenue. ROC expects the rollout to commence in calendar year 2025. In addition to Southern, ROC announced a site expansion for a major New Zealand bank, adding $48k to annual recurring revenue for a total contract value of $193k.

ROC expects the rollout of the Southern Co-Op Limited contract to commence in calendar year 2025, providing $160k in annual recurring revenue initially, and $450k upon final stage completion.