• Continued execution on transformation to scalable Mobility-as-a-Service platform
• Strengthened balance sheet with $200k convertible note and additional funding expected
• Advancing SaaS mobility platform rollout across Australia, NZ, Pacific and SE Asia

Jayride Group Limited (ASX: JAY) continued to execute on its transformation from an airport-transfer aggregator into a scalable Mobility-as-a-Service (MaaS) and SaaS mobility platform. The Company made meaningful progress across capital management, technology delivery, and regional partnerships during the quarter. Operating cash outflows were limited to $322,000 for the quarter, reflecting stronger cost discipline and improved working-capital efficiency. Jayride closed the period with $287,000 in cash at bank and subsequently secured funding of $200,000 in the form of a convertible note. The Company is in the process of raising additional funding, which is expected to be announced imminently. This recapitalisation forms a central component of Jayride's reinstatement to quotation process, significantly strengthening liquidity and providing growth capital for platform development, creditor management, and market expansion. Jayride advanced the rollout of its SaaS mobility platform across Australia, New Zealand, the Pacific, and Southeast Asia, enabling transport operators and enterprise clients to deploy white-label booking, payments, and fleet-management modules. The Company continues to operate its aggregator marketplace within refined, high-margin corridors, focusing on profitable segments and maintaining strict credit and partner-exposure controls to ensure the aggregator model remains complementary to the expanding SaaS licensing business.

Jayride enters the next calendar quarter with a strengthened balance sheet, streamlined cost base, and expanding commercial pipeline. The Board remains confident that the Company's hybrid model combining recurring-revenue SaaS contracts with a disciplined aggregator footprint positions Jayride to deliver scalable growth, improved margins, and sustainable long-term shareholder value.