• Updoc valuation increased by 50% to $30 million
• Mosh valuation increased by 33.3% to $10 million
• Increases reflect strong business performance and profitability

Bailador Technology Investments Limited (ASX:BTI) has provided an update on its portfolio valuations as of 31 December 2024. The company has announced increases to the carrying values of its investments in Updoc and Mosh. The valuation of Updoc has increased by 50.0% from $20 million to $30 million, representing an increase to Bailador's NTA (pre-tax) of $0.068 per share. Bailador invested $20 million in Updoc in late May 2024, and the valuation increase is due to the material uplift implied by Updoc's strong performance, including exceptional, high-quality revenue growth and continued profitability. The valuation of Mosh has increased by 33.3% from $7.5 million to $10 million, representing an increase to Bailador's NTA (pre-tax) of $0.017 per share. In addition to strong, consistent revenue growth, Mosh has also achieved profitability. The valuation increases in Updoc and Mosh will be reflected in Bailador's December 2024 shareholder update, which will be released later today, 10 January 2025.