Locate Technologies Limited Analysis

Overview

Locate is a founder-led technology-driven company with a mission to revolutionise the last mile of delivery by providing customer-centric solutions.

Locate’s business is made up of the Locate2u, Zoom2u, and 2u Enterprises businesses.

Locate has adopted a Bitcoin Treasury Strategy. This reflects the Directors’ conviction that Bitcoin is a powerful store of value and an effective hedge against inflation. By building a significant Bitcoin reserve, Locate positions itself to have the strength and flexibility to seize strategic acquisitions and unlock growth opportunities across its businesses.

Performance

Performance

The following information was extracted from Locate Technologies Limited’s (Australia) FY25 Annual Report, released to the ASX on 26 August 2025 (all figures are in AUD).

Locate Technologies Limited and Locate Technologies Limited (Australia) have signed a scheme implementation deed under which Locate Technologies Limited will acquire all of the ordinary shares in Locate Technologies Limited (Australia), thereby becoming a wholly owned subsidiary of Locate Technologies Limited.

Revenue growth and significant reduction in losses through cost optimisation

Locate Technologies Limited (Australia) delivered group revenue of $6.0m for the year ended 30 June 2025, an increase of 5% on the prior year (FY24: $5.7m).

EBITDA loss narrowed to $0.2m compared to a loss of $0.8m in FY24, being a 75% reduction. On a normalised basis (excluding one-off costs), EBITDA was a loss of $0.09m versus a $0.62m loss in FY24. The consolidated loss after income tax was $1.8m, a 41% improvement compared to a $3.1m loss in FY24.

Key drivers of the FY25 result included:

• Locate2u segment growth of 13% to $2.7m, achieved from full year contributions from customers signing part way through the prior financial year and new customer signings in FY25.

• Zoom2u business revenue decreased by 12% to $2.6m (FY24: $3.0m), reflecting softer volumes from large freight and merchant customers.

• 2u Enterprises grew revenue by 89% versus the prior year to $0.65m, driven by a 42% increase in Shred2u revenue and expansion of digital marketing services.

The material reduction in the EBITDA loss in FY25 was achieved through revenue growth combined with tight cost control. Costs were reduced across all cost categories compared with the prior year, with employee benefit expenses down 4% (partly due to a reduction in headcount from 81 as at 30 June 2024 to 68 as at 30 June 2025), marketing expenses down 17% and other operating expenses down 5%.

As at 30 June 2025, Locate Technologies Limited (Australia) held $1.8m in cash and 10.1 Bitcoin valued at $1.64m.