Gratifii Reports Record FY26 Cash Receipts and Advances Growth with Mosh Acquisition

Record Annual Cash Receipts Amid Quarterly Softness

Gratifii Limited (ASX:GTI) wrapped up FY26 with a record $66.3 million in cash receipts, representing a 3.9% increase on FY25’s $63.8 million. However, the fourth quarter showed a 10.4% decline on the previous quarter, reflecting ongoing cost-of-living pressures that dampened discretionary spending and redemption volumes.

Operating cash outflow improved to $2.2 million in 4Q FY26 from $3.9 million in 3Q, though the full-year operating cash outflow widened slightly to $5.2 million from $4.9 million in FY25. Net cash at quarter-end stood at $3.3 million, bolstered by the first tranche of a $10 million capital raise and partly offset by operating outflows and debt repayments.

Strategic Capital Raise and Marketplacer Partnership

During the quarter, Gratifii completed the first tranche of its $10 million capital raise, securing $4.2 million before costs, with the second tranche approved by shareholders post-quarter. This funding underpins Gratifii’s ambitious growth agenda, including a $5 million strategic investment in Marketplacer via a convertible note, deepening a partnership that powers the new Gratifii Connect+ platform.

Connect+ leverages Marketplacer’s technology to offer enterprise clients a fully branded, automated loyalty marketplace featuring over 6,000 products across more than 10 categories. Early demand has surpassed expectations with six prospective enterprise clients negotiating contracts, representing approximately $55 million in potential total transaction value (TTV) and up to $2.75 million in EBITDA contribution on an exit run-rate basis 12 months post-launch.

Acquisition of Mosh Social Media and Deferred Simplicity Deal

Gratifii executed and completed the acquisition of Mosh Social Media Ltd in late July. Mosh brings a blue-chip client roster including McDonald's, Lexus, and Airbnb, complementing Gratifii’s existing enterprise relationships across Australia and New Zealand. Integration efforts will focus on operational synergies and cross-selling opportunities in the first half of FY27.

The previously announced acquisition of Simplicity has been deferred to 31 January 2027, with a revised payment structure linking part of the consideration to Simplicity’s earnings through the end of 2026. This approach aligns vendor payment with operational performance and introduces some timing uncertainty.

Operational Expansion and Client Renewals

Gratifii also launched a fully managed wholesale travel platform, adding a high-value rewards category with over 800,000 accommodation options. This complements the Connect+ marketplace and extends the company’s end-to-end loyalty offering.

Contract renewals or extensions are underway with all state-based auto club clients, underscoring the stickiness of Gratifii’s platform. The company has bolstered its commercial team with new hires to support sales conversion amid a strengthening pipeline.

CEO Outlook on Market Positioning

CEO Iain Dunstan described the quarter as the most transformational in Gratifii’s history, highlighting the scale of the Connect+ marketplace and the combined reach of over 18 million accounts. He emphasised the company’s unique position with integrated technology, audience scale, and managed service expertise, setting a challenging barrier for competitors.

Dunstan noted the strong pipeline of enterprise opportunities and forecast a clear path to higher margin, quality growth in FY27, positioning Gratifii as a leading B2B marketplace in Australia and New Zealand.