Locate Technologies Limited

Overview

Locate is a founder-led technology-driven company with a mission to revolutionise the last mile of delivery by providing customer-centric solutions.

Locate’s business is made up of the Locate2u, Zoom2u, and 2u Enterprises businesses.

Locate has adopted a Bitcoin Treasury Strategy. This reflects the Directors’ conviction that Bitcoin is a powerful store of value and an effective hedge against inflation. By building a significant Bitcoin reserve, Locate positions itself to have the strength and flexibility to seize strategic acquisitions and unlock growth opportunities across its businesses.

Performance

The following information was extracted from Locate Technologies Limited’s Market Update, released 23 July 2026:

Q4 FY26 was a strong quarter for Locate2u's enterprise business. The platform already powers delivery operations for large enterprise brands in Australia and internationally, and this quarter FedEx signed as a customer, as announced to NZX on 6 May 2026, the most recognisable name yet to join that base. A large global appliance brand also signed on during the quarter. Locate2u revenue hit a record NZ$1.20 million, up 54% year on year, the Group was normalised EBITDA positive, and operating cash flow was NZ$493k. With AI embedded across our platform and development process, enterprise customers go live faster and see value from the platform sooner than industry norms.

The numbers supported the progress. Group revenue rose to NZ$1.95 million, up 29% year-on-year. Locate2u revenue reached a record NZ$1.20 million, up 54% year-on-year, and now contributes 62% of Group revenue. Normalised EBITDA was NZ$259k and operating cash flow was positive at NZ$493k. Excluding the non-cash Bitcoin revaluation, the Group was EBITDA positive.

Underneath the numbers, the pace of the business stepped up again. AI is now embedded across engineering, sales, product and operations. During the quarter we rebuilt large parts of the Locate2u platform on newer technology, released a series of new applications, and moved to a model where we ship updates to customers multiple times a day with no downtime.

On capital management, the on-market share buyback commenced during the quarter, and we agreed to convert the Locate2u revenue-share royalty held by PURE into equity. We maintained our Bitcoin position at 12.3 BTC.