• Group revenue of $1.5 million for Q1 FY26, being flat with the pcp
• Locate2u revenue of $0.79 million, being 19% higher than the pcp
• Zoom2u Revenue (including 2u Enterprises) of $0.69 million, being 20% lower than the pcp

Locate Technologies reported its Q1 FY26 results, with group revenue of $1.5 million, being flat compared to the prior corresponding period (pcp). The Locate2u business recorded revenue of $0.79 million, representing 19% growth over the pcp, while the Zoom2u business (including 2u Enterprises) recorded revenue of $0.69 million, being 20% lower than the pcp. The company reported a normalised EBITDA loss of $3k for the quarter, close to breakeven. This excludes costs related to the NZ transition ($143k) and ESOP expenses ($43k). The company's total Bitcoin holdings stand at 12.299 BTC, with a market value of $2.2 million as of 27 October 2025. Locate Technologies is on track to lodge the scheme book with ASIC for its proposed NZX listing, which is subject to regulatory approvals. The company highlighted its key focus areas, including the Locate NZ IPO, systematic Bitcoin purchases, revenue growth across Locate2u and Zoom2u, and cost minimisation efforts.

Locate Technologies is focused on executing its key priorities, including the successful NZX listing of its Bitcoin Treasury business, continued growth in its Locate2u and Zoom2u operations, and disciplined capital allocation towards Bitcoin purchases.