• Revenue down 61.3% to $65,779
• Loss up 11.2% to $1,241,844
• Daily Food Brand Pty Ltd placed into liquidation

Thrive Tribe Technologies Limited reported a loss of $1,241,844 for the half-year ended 31 December 2024, up 11.2% from the previous corresponding period. Revenue declined 61.3% to $65,779. The company's subsidiary, Daily Food Brand Pty Ltd, was placed into liquidation during the period. Thrive Tribe undertook a strategic review of its Kumu platform and conducted a search for a new CEO to lead the company's next stage of growth. The company's investment in Slik saw the business achieve profitability in Q4 2024, with Annual Recurring Revenue reaching USD 720,000. However, the directors have taken a conservative approach and elected not to re-assess the carrying value of this investment at the half-year. The company completed several capital raises during the period, including a share purchase plan, a placement, and a 1:1 entitlement offer, raising a total of $1,418,500. Subsequent to the end of the half-year, the company issued 625,000,000 shares, raising $1,000,000 before costs, and announced the appointment of Jade Spooner as Group CEO.