Yojee Narrows Losses 29% Amid $8.9M Capital Raise to Boost MOSAIC Rollout
Yojee Limited reported a 34% revenue decline to $675k and a 29% reduction in net loss to $6.02 million for FY2025, reflecting a strategic pivot and accelerated development of its MOSAIC freight forwarding platform. The company raised $8.9 million to fund growth and platform commercialization.
- 34% revenue decline to $675,000 in FY2025
- 29% reduction in net loss to $6.02 million
- Raised $3.5 million in February and $5.4 million post-year-end
- Focus on MOSAIC platform development and commercialization
- Formed 51% owned joint venture Smart Yojee Pty Ltd for customs technology
Strategic Shift and Financial Performance
Yojee Limited (ASX, YOJ), a logistics technology company specialising in digital freight solutions, has reported its preliminary financial results for the year ended 30 June 2025. The company recorded revenues of $675,000, down 34% from the previous year, alongside a 29% reduction in net loss to $6.02 million. This performance reflects a deliberate strategic pivot towards economically viable contracts and a sharpened focus on developing its next-generation freight forwarding software, MOSAIC.
Capital Raising to Accelerate Growth
To support its growth ambitions, Yojee successfully raised $3.5 million in February 2025 through a placement to sophisticated investors, followed by a $5.4 million capital raise post-year-end. These funds are earmarked primarily for the continued development and commercialisation of the MOSAIC platform, as well as expansion of the existing Transport Carrier Management System (TCMS) across the Asia-Pacific region. The capital injections have significantly strengthened Yojee’s balance sheet, providing a clear runway to execute its strategic objectives.
Product Development and Market Positioning
The MOSAIC platform is designed as an intuitive, workflow-first freight forwarding solution that addresses the fragmented nature of supply chain data. Early adopter interest has exceeded expectations, with the company’s #BePartOfSomething campaign driving strong sign-ups. Meanwhile, Yojee has ceased capitalising ongoing expenditure on the older TCMS platform, which remains commercially valuable and continues to attract enterprise clients.
Corporate Restructuring and Joint Ventures
During the year, Yojee rationalised its corporate structure by liquidating non-operating subsidiaries, including SC Resources Pty Ltd and Send Yojee Singapore Pte. Ltd., with no material financial impact. Additionally, the company established a 51% owned joint venture, Smart Yojee Pty Ltd, focused on customs technology for Australia and New Zealand, enhancing its service offering in freight forwarding and customs compliance.
Outlook and Operational Highlights
Despite the revenue decline, management remains confident in future growth prospects driven by MOSAIC’s commercialisation and a disciplined approach to contract selection. The company ended the year with a cash position of $3.68 million and has since bolstered liquidity through capital raises. Notable operational milestones include new enterprise contracts in Indonesia, Australia, and Singapore, and the appointment of air cargo industry veteran Scott McCorquodale as a consultant to accelerate MOSAIC’s rollout.
Bottom Line?
Yojee’s FY2025 results mark a turning point as it channels fresh capital into MOSAIC, setting the stage for a critical growth phase amid ongoing market challenges.
Questions in the middle?
- How quickly will MOSAIC convert early adopter interest into recurring revenue?
- What impact will the joint venture with Smart Yojee have on Yojee’s market penetration in customs technology?
- How sustainable is Yojee’s funding strategy given reliance on capital raises amid revenue contraction?