Contract Renewal & Additional Cash Inflows
| Stock | Rocketboots Ltd (ROC.ASX) |
|---|---|
| Release Time | 11 Nov 2025, 9:45 a.m. |
| Price Sensitive | Yes |
RocketBoots Renews Contract with Major Australian Retailer & Additional Cash Inflows
- One-year contract extension with major Australian retailer
- Continues an 8-year foundation partnership across >250 locations
- $320,000 cash paid in advance and expected to be received in Q2 FY26
- Banking sector pilot invoices totalling ~$210,000 scheduled for payment in Q2 FY26
RocketBoots Limited (ASX: ROC) has announced the renewal of its agreement with a major Australian retailer for the continued deployment of its computer-vision-driven software platform across the retailer's national network. The one-year contract extension continues an 8-year foundation partnership across over 250 locations. As part of the renewal, RocketBoots will receive $320,000 in cash paid in advance, expected to be received in Q2 FY26. The agreement is cancellable by either party, with the prepayments being non-refundable. This renewal reinforces the long-term relationship and continued utilization of RocketBoots technology as part of the customer's store optimization and loss-prevention programs. The company also provided updates on additional cash inflows, including $210,000 in banking sector pilot invoices scheduled for payment in Q2 FY26, with further receipts expected in Q3 FY26 as more trial deliverables are completed. RocketBoots also plans to submit an R&D ATO Tax Incentive application in Q2 FY26, which if successful, could result in cash refunds similar to the company's historical amounts of $276,000 in FY24, $251,000 in FY23, $160,000 in FY22, and $84,000 in FY21.
RocketBoots remains focused on scaling delivery capability to support existing foundation partners while advancing international growth initiatives.