• Total revenue and other income down 36.9% to $1,767,937
• Loss from ordinary activities after tax down 59.9% to $2,421,161
• Significant business rationalisation and restructuring activities delivered $2.89 million in savings

Jayride Group Limited, an ASX-listed company that operates an airport transfers marketplace, reported its financial results for the half-year ended 31 December 2024. The company's total revenue and other income declined by 36.9% to $1,767,937, primarily driven by pricing model enhancements implemented in Q3 FY24 that eliminated unprofitable bookings, as well as a gradual reduction in supplier listings on the platform following delays in supplier payments. Despite the revenue decline, Jayride's loss from ordinary activities after tax improved by 59.9% to $2,421,161. This was largely due to a significant reduction in total expenses, which fell from $8,836,992 in the previous corresponding period to $4,189,098. The company achieved $2,890,694 in total savings through business rationalisation and restructuring activities. The financial statements were subject to a review by the auditors, who drew attention to the use of the going concern basis for the preparation of the financial statements, indicating a material uncertainty regarding the company's ability to continue as a going concern.