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Jayride Group Ltd. ( (AU:JAY) ) has provided an announcement.
Jayride reported further progress in its strategic shift toward a scalable SaaS-based mobility platform in the December 2025 quarter, expanding deployments across Asia-Pacific while maintaining a tightly focused, higher-margin transport aggregator operation. The company signed a significant SaaS agreement with Thailand’s leading P2P car-sharing platform Drivemate to build its next-generation mobility platform and formed a strategic alliance with Xoomplay, AirAsia’s in-car media and advertising partner, to embed advertising and passenger engagement capabilities into Jayride’s platform, reinforcing its regional positioning in mobility and ad-tech. Management was bolstered by the appointment of a new COO and external CFO advisory support, while operating cash outflows were kept to $751,000 and the balance sheet was strengthened by a $735,000 equity recapitalisation to support platform development, creditor management, and market expansion as Jayride works toward reinstatement to trading on the ASX. The board highlighted a streamlined cost base, new SaaS capabilities and a growing commercial pipeline as foundations for scalable growth and better margins, alongside plans for a structured creditor repayment program to stabilise relationships with transport partners.
The most recent analyst rating on (AU:JAY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Jayride Group Ltd. stock, see the AU:JAY Stock Forecast page.
More about Jayride Group Ltd.
Jayride Group Ltd. is an Australian-listed mobility technology company transitioning from an airport-transfer aggregator to a broader Mobility-as-a-Service (MaaS) and SaaS mobility platform. It provides white-label booking, payments and fleet-management solutions for transport operators and enterprise clients across Australia, New Zealand, the Pacific and Southeast Asia, while retaining a refined, high-margin aggregator marketplace in selected travel corridors.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.69M
Learn more about JAY stock on TipRanks’ Stock Analysis page.