• Zip to undertake on-market share buy-back of up to $50m
• Buy-Back program to commence on or about 23 April 2025 for up to 12 months
• Buy-Back consistent with Zip's capital management framework to maximize shareholder returns

Zip Co Limited (ASX: ZIP) ('Zip', or the 'Company') today announces its intention to undertake an on-market share buy-back of up to $50m of ordinary shares ('Buy-Back'). The Buy-Back program is expected to commence on or about 23 April 2025, for a period of up to 12 months. Today's announcement reflects the strength of the Zip balance sheet, the continued delivery of operating cash flows and Zip's outlook for future profitable growth. The establishment of the Buy-Back program is consistent with Zip's capital management framework, which is designed to maximise shareholder returns, whilst preserving balance sheet strength and ensuring Zip maintains the ability to pursue strategic growth opportunities. The number of shares purchased under the Buy-Back will depend on several factors including market conditions, Zip's prevailing share price and opportunities to utilise capital within the business as they emerge. Zip reserves the right to vary, suspend or terminate the Buy-Back program at any time. The Company will conduct the Buy-Back program in accordance with the Corporations Act and ASX Listing Rules. Zip Group CEO and Managing Director, Cynthia Scott said: 'We continue to execute on our strategic priorities with the Group generating strong operating cashflows and maintaining balance sheet strength. The Buy-Back program we have announced today is consistent with our capital management framework and focuses on maximising shareholder returns. Zip will maintain a strong balance sheet following completion of the Buy-Back with ongoing flexibility to pursue future growth opportunities.'

Zip will maintain a strong balance sheet following completion of the Buy-Back with ongoing flexibility to pursue future growth opportunities.