• Reaffirms FY25 guidance on GPAPA margin, operating expenditure, and positive underlying cash flow
• Initiates comprehensive strategic review to unlock shareholder value and accelerate growth
• Appoints new Group CEO, Vivek Kumar, to drive improved performance and sharpen strategic focus

Articore Group Limited (Articore or the Group) has reaffirmed its FY25 guidance and announced a strategic review to assess opportunities to unlock shareholder value and accelerate growth. The Group's FY25 performance remains on track, with the company continuing to drive further synergies after combining the operations of its two marketplaces under a single leader, and maintaining its focus on cost discipline. Articore reaffirms its FY25 guidance, including a Group GPAPA margin of 25% to 27%, operating expenditure of $89 million to $92 million, and positive underlying cash flow, subject to any incremental investment in Dashery in the second half. The Board has resolved to initiate a comprehensive strategic review to examine the Group's capital structure, strategic positioning, and value creation opportunities across its portfolio. The review will be led by external advisers to ensure independence and commercial rigour. This decision reflects the Board's commitment to act in the best interests of all shareholders and to ensure Articore is positioned for sustainable, global growth. The company has also announced the appointment of Mr Vivek Kumar as the new Group CEO. Vivek joined Articore in 2022 as CEO of TeePublic and was subsequently appointed as CEO of Marketplaces, where he has driven material synergies and efficiencies through the unification of the Group's two marketplaces. The Board believes that Vivek's leadership is necessary to drive improved performance, sharpen strategic focus, and respond to shareholder expectations.

• Group GPAPA margin: 25% to 27%
• Operating expenditure: $89 million to $92 million
• Positive underlying cash flow, subject to any incremental investment in Dashery in the second half