• Positive EBITDA of $45k in H1 FY25, an improvement of $430k over the prior corresponding period
• Cash from Operating Activities of $20k in H1 FY25, an improvement of $811k over the prior corresponding period
• Group Revenue of $3.2 million in H1 FY25, a 10% increase over the prior corresponding period

Zoom2u Technologies Limited (ASX:Z2U) has released its report for the quarter ended 31 December 2024. Highlights for H1 FY25 and Q2 FY25 included: EBITDA (H1 FY25) of $45k, an improvement of $430k compared to the prior corresponding period's loss of $385k; Cash from Operating Activities (H1 FY25) of $20k, an improvement of $811k over the $791k negative cash from operating activities in the prior corresponding period; Group Revenue (H1 FY25) of $3.2 million, a 10% increase over the prior corresponding period of $2.9 million. The Locate2u business continued to perform well, with revenue for Q2 FY25 increasing by 8% over the prior corresponding period. During the quarter, Enterprise customers Ontime Delivery Solutions and ACM Parts signed on to use the Locate2u product. The performance of the Zoom2u business during the peak Q2 FY25 delivery period was below expectations, with revenue 11% below the prior corresponding period. For CY24, Zoom2u revenues of $2.9 million were 3% below the prior corresponding period. The Shred2u business recorded revenue growth for the quarter of 43% over the prior corresponding period, and 39% growth for CY24 versus the prior corresponding period. The company has also adopted a Treasury Management Policy which allows Bitcoin to be acquired by the company, and customer payments to be accepted in Bitcoin.

For CY24, Zoom2u revenues were $2.9 million, 3% below the prior corresponding period.

The company's ongoing focus remains on executing on the opportunities identified to grow revenue and manage costs, and it has identified additional areas for optimisation that will bring it close to achieving its goal of operating sustainably.