• Locate2u revenue up 10% compared to prior period
• Placement of $0.5 million raised to strengthen balance sheet
• Company to change name to Locate Technologies Limited

Zoom2u Technologies Limited (ASX:Z2U) has released its Appendix 4C and Quarterly Activities Report for the period ended 31 March 2025. Key highlights include:- Locate2u revenue of $681k, up 10% compared to the prior corresponding period- Zoom2u (including 2u Enterprises) revenue of $720k, down 11% versus prior period due to reduced Enterprise customer volumes- Group revenue of $1.4 million, flat compared to prior period due to change in revenue mix- Cash from Operating Activities of negative $349k, primarily due to interest and tax payments deferred from Q2 FY25. After normalisation, cash from operating activities would have been approximately +$134k- Successful $0.5 million placement from wholesale investors and Directors to strengthen the balance sheet and provide additional working capital to grow the Locate2u business- Proposed company name change to Locate Technologies Limited to reflect the strategic focus on the Locate2u product- Initiatives implemented in early April have resulted in a staff cost reduction of approximately $41k per month, with headcount declining from 87 to 68The company noted opportunities to optimise operations across the business, including initiatives involving AI. The integration of AI is expected to contribute to enhancements in customer solutions and internal operations, aligning with the goal of achieving continued growth in the global SaaS market.

The company expects the integration of AI across its platforms to enhance operational efficiency and product capability, supporting its path toward sustainable profitability and positive cash flows.