1Q FY26 Results Update

• Record cash EBTDA of $62.8m, up 98.1% year-on-year
• Total transaction volume of $3.9b, up 38.7% year-on-year
• Total income of $321.5m, up 32.8% year-on-year

Zip Co Limited (ASX: ZIP) announced its first quarter update for the three-month period ended 30 September 2025 ('1Q26'). Key highlights included record cash EBTDA of $62.8m (up 98.1% vs 1Q25), total transaction volume (TTV) of $3.9b (up 38.7% vs 1Q25), and total income of $321.5m (up 32.8% vs 1Q25). The US business continued to deliver strong growth, with TTV and revenue up 47.2% and 51.2% respectively year-on-year. In ANZ, TTV increased 11.1% year-on-year driven by growth in Zip Plus, and both revenue and AU receivables returned to year-on-year growth. Zip also announced an increase in its on-market share buyback program from $50m to $100m of ordinary shares, consistent with its approach to maximise shareholder value. Following a strong start to the year, the company has upgraded its expectation for US TTV growth to be above 40% (in USD) for the year and reconfirmed the remainder of its target ranges as previously announced.

Zip now expects its US TTV growth for FY26 to be above 40% (in USD), up from the previously announced guidance of greater than 35%. The company reconfirms the remainder of its FY26 target ranges as previously announced in August 2025.

Zip continues to consider a dual listing on the Nasdaq, while maintaining its primary listing on the Australian Securities Exchange. The potential dual listing remains subject to Zip Board approval and the completion of a number of required processes, including obtaining regulatory approvals in the US.