• Zip increases on-market share buy-back limit from $50m to $100m
• Buy-back reflects strength of Zip's balance sheet and operating cash flows
• Zip maintains flexibility to pursue attractive growth opportunities

Zip Co Limited (ASX: ZIP) has announced an increase in the limit of its on-market share buy-back program from $50m to $100m. The buy-back program commenced in late April 2025 for a period of up to 12 months, and as of 3 October 2025, Zip had repurchased 17.8m shares for a total consideration of $43.4m. The increase in the buy-back limit reflects the strength of Zip's balance sheet, the continued delivery of operating cash flows, and Zip's outlook for future profitable growth. The number of shares purchased under the buy-back program will depend on several factors, including market conditions, Zip's prevailing share price, and opportunities to utilize capital within the business as they emerge. Zip reserves the right to further vary, suspend, or terminate the buy-back program at any time. Zip's CEO and Managing Director, Cynthia Scott, stated that the increase in the buy-back limit is consistent with the company's capital management framework, which guides its approach to maximizing shareholder returns while preserving balance sheet strength and flexibility to pursue attractive growth opportunities.

The increase in the on-market share buy-back limit reflects Zip's outlook for future profitable growth, and the company maintains the flexibility to pursue attractive growth opportunities.