• Expanded scale post-integration with ~90,000 total paid subscribers
• Capital-efficient all-scrip acquisition valued at US$2.7 million
• Adds high-value recurring subscription and transactional revenue

Tinybeans Group Limited (ASX: TNY) has entered into a binding agreement to acquire the assets of US-based Qeepsake Inc., a leading digital memory and family journaling platform. The acquisition adds ~49,000 paid subscribers on day 1, with ~90,000 total paid subscribers for the Company expected post-integration, an 80% increase on Tinybeans' FY25 result. The all-scrip acquisition is valued at US$2.7 million, with no cash outlay, and is priced at 0.66X Qeepsake's FY25 revenue, providing an effective subscriber acquisition cost materially below Tinybeans' organic subscriber acquisition cost. The acquisition adds high-value recurring subscription and transactional revenue, with combined pro-forma FY25 revenue of $8.9 million, an 85% uplift on Tinybeans' FY25 result. Qeepsake's journaling features complement Tinybeans' photo-sharing platform, broadening product appeal and enabling new monetisation opportunities across a larger, highly engaged subscriber base. Tinybeans plans to integrate Qeepsake's journaling features and migrate subscribers into its platform through FY26, targeting the retention of approximately 40,000 engaged, high-value users. The acquisition accelerates Tinybeans' path to EBITDA profitability post integration, reflecting the benefits of cost discipline, integration synergies and the Company's scalable subscription model.

Post-integration, ~40,000 estimated retained Qeepsake subscribers within a combined base of ~90,000 paying subscribers globally. Acquisition accelerates Tinybeans' path to EBITDA profitability post integration.

The acquisition of Qeepsake cements Tinybeans' leadership in the digital family memory market and strengthens its presence in North America in the lifestyle technology sector. The transaction delivers substantial growth without the need for cash outlay and reflects the disciplined execution of Tinybeans' strategy to build a larger, more efficient subscription business.