• Revenue from continuing operations up 133% to $661,651
• Net loss from continuing operations up 140% to $1,814,454
• Ongoing dispute over sale completion adjustments with Bloom

Gathid Ltd has reported its Interim Financial Report for the half-year ended 31 December 2024. The company's revenue from continuing operations was $661,651, representing a 133% increase compared to the same period in the prior year. However, the Group's net loss from continuing operations increased by 140% to $1,814,454. This result reflects the start-up phase of the Gathid Software platform and normal costs associated with corporate compliance activities. The company has continued to build its business, signing 6 new enterprise customers and increasing its sales opportunity pipeline. Gathid's cash position at 31 December 2024 was $5,641,047. The company is currently on track to achieve its FY25 budget in terms of new Annual Recurring Revenue and cost base. The company is also engaged in an ongoing dispute with the purchaser of its RightCrowd business, Bloom, over the final sale completion adjustments. Gathid is defending Bloom's claim and has filed a counter-claim seeking damages of not less than $2,200,640.

Gathid is currently on track to achieve its FY25 budget in terms of new Annual Recurring Revenue and cost base.

Gathid is well-positioned to prosper in the evolving identity and access management market and continue its growth. The company's sales pipeline for the Gathid software platform is healthy, reflecting increasing interest from prospects.