• hipages Group announces on-market share buyback of up to 10% of issued share capital
• Buyback reflects Board's view that shares are materially undervalued given profitable growth, cash generation, and strong balance sheet
• Buyback to commence on or after 14 May 2026 and run for up to 12 months

hipages Group Holdings Ltd (ASX:HPG) has announced an on-market share buyback of up to 10% of its issued share capital. The hipages Group Board believes that initiating the buyback represents an efficient use of shareholders' capital given the Group's strong and profitable growth trajectory, significant free cash flow generation, robust balance sheet, and current market valuation. The Board believes the company's shares are currently being materially undervalued by the market. The buyback is expected to commence on or after 14 May 2026 and will be conducted in the ordinary course of trading over a period of up to 12 months, with the exact number and timing of shares repurchased dependent on market conditions. The buyback will be funded from existing cash facilities.