• Momentum in TTV growth continued across both markets
• US year-on-year TTV growth above 40% (in USD)
• No material changes to credit loss performance since 3Q25

Zip Co Limited (ASX: ZIP) has provided an update on trading performance for the month ended 31 May 2025 and an upgrade to its FY25 guidance. Following continued strong performance, particularly in the US business, Zip has upgraded its guidance for FY25 and now expects to deliver cash EBTDA of at least $160m, compared to prior guidance of at least $153m. Zip is also on track for its FY25 results to be within its two-year target ranges as previously announced. Key highlights for May 2025 trading include momentum in TTV growth across both markets, with the US year-on-year TTV growth above 40% (in USD), and no material changes to credit loss performance since 3Q25 across both markets. Consistent with its capital management framework, Zip has purchased 12.3m shares for total consideration of $22.6m to date as part of its on-market share buy-back program of up to $50m of ordinary shares.

Zip has upgraded its FY25 guidance and now expects to deliver cash EBTDA of at least $160m, compared to prior guidance of at least $153m.