Gratifii Limited reports FY26 cash receipts slightly exceeding forecasts, driven by early demand for its new enterprise rewards marketplace, Gratifii Connect+, and a live wholesale Travel Platform.
- FY26 cash receipts reach $66.3 million, surpassing forecasts
- Gratifii Connect+ launched with six enterprise clients negotiating contracts
- $55 million total transaction value potential from Gratifii Connect+ pipeline
- Wholesale Travel Platform live with 800,000+ properties worldwide
- Mosh Digital acquisition set to settle mid-July 2026
FY26 Cash Receipts Slightly Beat Expectations Despite Economic Headwinds
Gratifii Limited (ASX:GTI) has revealed preliminary cash receipts for the full fiscal year 2026 at $66.3 million, modestly ahead of internal forecasts. This outcome stands out given the current macroeconomic pressures dampening short-term consumer spending. The company’s fourth quarter alone generated approximately $13.9 million in cash receipts, underscoring resilient demand for its rewards and incentives platform.
Gratifii Connect+ Launch Garners Early Enterprise Traction
The recent launch of Gratifii Connect+, an enterprise rewards marketplace powered by Marketplacer’s technology, has exceeded management’s early expectations. The platform transforms traditional loyalty programs into comprehensive shopping destinations, offering clients access to an extensive supplier ecosystem without the operational complexity. CEO Iain Dunstan emphasised that the product meets a clear market need, with six enterprise clients, split evenly between existing and new prospects, currently negotiating contracts. These clients represent a potential total transaction value (TTV) of around $55 million, which could translate to over $2.75 million in annual revenue at a 5% take rate.
Supplier Ecosystem and Travel Platform Expansion
While not directly revenue-generating, Gratifii is actively scaling its supplier network to enhance platform attractiveness. The company is finalising agreements with 10 new suppliers and is in advanced talks with another 150, with a significant portion focused on travel, a category noted for its high reward value. Complementing this, Gratifii’s wholesale Travel Platform is now live, offering clients white-label access to over 800,000 hotels and properties worldwide. This addition strengthens the value proposition of Gratifii Connect+ by broadening reward options in a key category.
Infrastructure Investments Support Scaling and Client Acquisition
Gratifii has secured partnerships to underpin its platform’s scalability and operational efficiency. A real-time settlement agreement with Airwallex aims to smooth payment flows to suppliers, reducing friction and supporting ecosystem growth. Additionally, a licensing deal with BigCommerce provides the enterprise storefront and checkout capabilities, enabling rapid deployment of branded marketplaces without costly custom builds. To accelerate client engagement, the company has appointed a Head of Client Partnerships, bringing over two decades of loyalty and customer engagement experience from major consumer brands.
Mosh Digital Acquisition Nears Completion
The company’s strategic acquisition of Mosh Digital is scheduled to settle on 13 July 2026, pending the outcome of an Extraordinary General Meeting. This move is expected to bolster Gratifii’s digital marketing and engagement capabilities, complementing its enterprise rewards offerings and supporting future growth initiatives.
Bottom Line?
Gratifii’s Connect+ platform is poised to be the engine of growth in 2026’s second half, but its revenue potential hinges on converting a promising pipeline into signed contracts.
Questions in the middle?
- Will Gratifii successfully convert its six enterprise negotiations into binding contracts this year?
- How rapidly can the supplier ecosystem, especially in travel, scale to meet client demands?
- What synergies and growth opportunities will the Mosh Digital acquisition unlock post-settlement?