• Marketplace revenue up 14% to $2.3m
• Marketplace Cash EBITDA of $1.0m, up 17% on pcp
• Positive Group Cash EBITDA of $0.2m

Mad Paws Holdings Limited (ASX:MPA), Australia's leading online pet ecosystem, has announced its September 2025 Quarterly results, including the Appendix 4C and Activities Report. The Group delivered a strong performance in its continuing operations, with Marketplace revenue increasing 14% to $2.3 million driven by an 8% increase in bookings. New customers grew 6% and repeat customer bookings were up 9% versus the prior corresponding period. Marketplace Cash EBITDA was $1.0 million, an increase of 17% versus the prior corresponding period and representing a Cash EBITDA margin of 42%. The Group also achieved positive Group Cash EBITDA of $0.2 million for the quarter, compared to break-even in the prior corresponding period. This was driven by the continued growth in marketplace performance and lower corporate overheads. During the quarter, Mad Paws completed the divestment of the Pet Chemist business and closed its remaining e-commerce businesses, Sash and Waggly, with the proceeds used to repay the Group's debt facility in full. Mad Paws also made progress on the proposed acquisition by Rover Group, Inc., which remains subject to certain conditions precedent.