• Continued growth of annual subscription revenue exit run rate (+29% vs pcp)
• Reiteration of FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis in H2 FY26
• Total recognized revenue in the period of NZ$6.4m (+12% vs pcp)

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to provide a performance update for the 3-month period to 30 June 2025. Highlights include an exit run rate of annual platform subscription revenue of NZ$16.6m (+29% vs pcp), total recognized revenue in the period of NZ$6.4m (+12% vs pcp), and a gross margin percentage of 76% (up from pcp of 70%). IKE reconfirms previous FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis in H2 FY26. While the exit run rate was +29% on prior year, this was lower than the level three months prior by ~NZ$1m, largely due to impacts of FX. IKE is now fully funded to accelerate growth plans and new product development, following the completion of a fully underwritten A$18.0 million (NZ$19.6 million) placement. The company added 22 new subscriptions customers during 1Q 2026, or approximately 1.8 new customers per week.

IKE reconfirms previous FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis in H2 FY26.

Macro-market tailwinds in North America remain highly supportive of IKE's business and are expected to drive growth over the coming decades, and the company's North American-based team continues to capitalize on significant sales opportunities.