• Zip to undertake on-market share buy-back of up to $50m
• Buy-back program expected to commence on or about 6 March 2026 for up to 12 months
• Number of shares purchased will depend on market conditions and capital utilization opportunities

Zip Co Limited (ASX: ZIP) has announced its intention to undertake an on-market share buy-back of up to $50 million of ordinary shares. The buy-back program is expected to commence on or about 6 March 2026 and continue for a period of up to 12 months. The number of shares purchased under the buy-back will depend on several factors, including market conditions, Zip's prevailing share price, and opportunities to utilize capital within the business as they emerge. Zip reserves the right to vary, suspend, or terminate the buy-back program at any time. The company will conduct the buy-back in accordance with the Corporations Act and ASX Listing Rules, ensuring prices paid for shares are no more than 5% above the volume-weighted average price over the prior five trading days, and the program does not exceed 10% of issued capital over the 12-month period. Zip's Group CEO and Managing Director, Cynthia Scott, stated that the announcement reflects the company's disciplined and balanced approach to capital management, demonstrating confidence in its balance sheet and long-term strategy, while also returning surplus capital to shareholders where appropriate.