• Accelerated growth in Active Customers and FUM
• Transition to operating profitability with three consecutive periods of positive Underlying EBITDA
• Expanded ecosystem of distribution channels and strategic partnerships

Raiz Invest Ltd reported strong financial and operational performance in 1H FY25, with highlights including a 14.3% increase in revenue to $11.6 million, a 579% increase in Underlying EBITDA to $706,000, and positive free cash flow for the third consecutive period. The company's growth momentum was driven by an 8.5% increase in Active Customers to 317,995 and a 32.4% increase in FUM to $1.6 billion. Raiz continued to implement its growth strategy, including expanding its ecosystem of distribution channels and strategic partnerships, maintaining its leading app store rating, and launching new customer-centric products such as Raiz Jars and enhancements to Raiz Plus and Raiz Invest Super. The company also strengthened its Board and senior leadership team, upgraded its systems security, and improved profitability. Looking ahead, Raiz is well-positioned for continued growth, with a strong balance sheet, a scalable technology platform, and a customer-centric culture driving an exceptional customer experience.

Raiz expects operating expenses in 2H FY25 to be broadly in line with 2H FY24.

Raiz is well-positioned for continued growth, with a strong balance sheet, a scalable technology platform, and a customer-centric culture driving an exceptional customer experience. The company is focused on further implementing its growth strategy, including leveraging its strategic partnership with State Street Global Advisors, expanding its ecosystem of distribution channels, and continuing to innovate with customer-centric products.