• WOTSO operates 31 flexible workspace sites across Australia and New Zealand
• The group's $299m property portfolio supports the growing WOTSO business
• Strong operational expertise and financial discipline driving growth

WOTSO (ASX: WOT) is a stapled security comprising two synergistic enterprises: a flexible workspace solutions provider and a $299m property portfolio. WOTSO delivers and manages flexible workspace solutions, including private offices, coworking spaces, and virtual offices, catering to start-ups, established businesses, and remote workers. The group's offering is focused on the suburban flexible workspace market, providing a clear point of difference for customers and setting WOTSO apart from its competitors. Growth is driven by strategic site selection, strong operational expertise, and consistent financial discipline. There are currently 31 WOTSO sites open across Australia and New Zealand, generating over $32m of revenue annually, up from $16.8m in FY21. The group's property portfolio consists of 18 assets, valued at $299m, with 16 of these assets fully owned by the group and 2 in partly owned investment structures. The group's investment focus is primarily on acquiring prime real estate in suburban and regional areas at attractive prices. The extensive property experience of the management team and Board significantly enhances the group's effectiveness as a tenant and service provider.

WOTSO expects to generate revenue of $24.0m and underlying EBITDA of $4.3m in H1-25 (Dec-24). The group maintains an adjusted NAV per security of $1.83.

WOTSO is well-positioned for continued growth, with a focus on strategic site selection, operational expertise, and financial discipline. The group's unique model combining flexible workspace operations with strategic property ownership provides a clear point of difference in the market.