Yojee Posts 37% Higher Loss at $8.22 Million Amid MOSAIC Commercial Launch

Rising Losses Reflect Heavy Investment in MOSAIC Rollout

Yojee Limited (ASX:YOJ) recorded a net loss of $8.22 million for the year ended 30 June 2026, a 37% increase from the prior year’s $6.02 million loss. This widening deficit was largely driven by non-cash share-based payment expenses nearing $4 million and $1.35 million in one-off transaction costs related to its Smart Yojee joint venture. Despite the loss, revenue from ordinary activities grew 35% to $913,339, boosted by a $216,000 R&D tax incentive and higher interest income, though software contract revenue itself declined 8.6% to $527,525.

MOSAIC Platform Advances from Beta to Commercial Launch

The company successfully transitioned its MOSAIC freight forwarding software from internal development to live commercial operations during the year. After completing a beta program with select Australian freight forwarders and customs brokers in February 2026, Yojee onboarded its first commercial customer in April and a second in June. Following the financial year end, Yojee launched MOSAIC fully across Australia and New Zealand, signing 12 customer contracts including four Everest Founding Partners and multiple SME forwarders under its structured early adopter programs.

MOSAIC aims to simplify complex logistics by uniting freight forwarders and partners on a collaborative, AI-enhanced platform. The company is embedding assistive AI into document-heavy workflows to evolve MOSAIC into a comprehensive Logistics Operating System with interoperable interfaces.

Capital Raises Fuel Development and Commercial Expansion

Yojee strengthened its balance sheet with a $5.4 million placement during FY26 and followed up post-year-end with an oversubscribed $7 million placement and $3.45 million Share Purchase Plan, collectively raising approximately $10.45 million. These funds are earmarked for accelerating MOSAIC and TCMS platform development, expanding business development and team resources, and supporting general working capital needs.

The company ended the year with $3.44 million in cash, down slightly from $3.68 million the previous year, reflecting increased operating and investing cash outflows primarily related to platform development and joint venture activities.

Smart Yojee Joint Venture and Software Intangibles

Yojee holds a 51% stake in Smart Yojee Pty Ltd, a joint venture licensing customs technology for the MOSAIC platform in Australia and New Zealand. The joint venture contributed to $1.35 million in non-cash transaction costs, recognised as part of the increased loss. Meanwhile, Yojee capitalised $2.9 million in intellectual property investment towards MOSAIC, lifting the carrying value of internally developed software intangible assets to $3.9 million. No impairment was recorded on MOSAIC assets, contrasting with prior-year write-downs related to the TCMS platform.

Share-based payments remain a significant expense, with nearly $4 million recognised in FY26, reflecting ongoing equity incentives for employees and consultants aligned with company milestones.