Gratifii Posts 13.5% Cash Receipt Growth, Eyes Mosh Digital and FuturePass Deals
Gratifii Limited has reported its highest quarterly cash receipts to date, alongside progressing key acquisitions and completing a major client platform migration.
- Record 2Q FY26 cash receipts of $19.8 million, up 13.5% year-on-year
- Operating cash surplus of $1.8 million amid strong December sales
- Progressing acquisitions of Mosh Digital and FuturePass, expected to close by March 2026
- Client platform migration nearing completion, enabling future synergies
- Added five new enterprise clients, expanding market footprint
Robust Financial Performance
Gratifii Limited (ASX, GTI) has delivered a standout second quarter for fiscal year 2026, posting record cash receipts of $19.8 million. This represents a 13.5% increase over the same period last year and marks the company’s highest quarterly cash intake to date. The strong December sales, combined with favourable payment cycles, contributed to an operating cash surplus of $1.8 million, underscoring the company’s improving cash flow position.
Cash reserves stood at $6.07 million at the end of December 2025, bolstered by a $2.3 million capital raise completed in December. Despite some payables related to recent acquisitions, Gratifii’s liquidity remains solid, supported by manageable debt facilities.
Strategic Acquisitions in Progress
Gratifii is advancing two significant acquisitions that promise to enhance its digital marketing and loyalty platform capabilities. The company has executed non-binding letters of intent to acquire Mosh Digital, a New Zealand-based digital marketing agency known for high-impact campaigns for clients such as McDonald’s and Airbnb, and FuturePass, a next-generation digital wallet platform with international customers.
Both deals are expected to close around 31 March 2026, aligning with the New Zealand financial year-end. The Mosh Digital acquisition is poised to bolster Gratifii’s creative and campaign execution capabilities, while FuturePass offers a seamless digital identity and wallet solution that could unlock new revenue streams in sports and entertainment sectors.
Operational Milestones and Market Positioning
The quarter also saw the near completion of Gratifii’s client platform migration to its proprietary ‘Gratifii Connect’ system. This milestone validates the platform’s scalability and readiness to support large enterprise clients, positioning the company to capitalise on cost and revenue synergies in the near term.
Five new enterprise clients went live during the quarter, including notable names such as Suncorp and ING, expanding Gratifii’s footprint to over 80 enterprise clients and access to more than 20 million end users. This scale provides a valuable embedded distribution platform, enabling efficient rollout of new products and services.
Looking Ahead
Gratifii’s management remains focused on leveraging platform scale and integrating acquisitions to drive margin expansion. The company is well positioned to act as a consolidator in the ANZ loyalty market through a disciplined roll-up strategy aimed at delivering scale, cost synergies, and earnings accretion.
Despite ongoing cost-of-living pressures impacting some higher-margin product sales, Gratifii expects its enhanced digital and creative services to increase as a percentage of revenue, supporting sustained growth through FY26.
Bottom Line?
Gratifii’s record quarter and strategic acquisitions set the stage for accelerated growth and market consolidation in FY26.
Questions in the middle?
- How will integration costs from Mosh Digital and FuturePass impact near-term margins?
- What is the timeline and certainty around closing the acquisitions by March 2026?
- How will Gratifii capitalise on the growing demand for digital wallet and loyalty solutions post-acquisition?
